A great panel with Paul Van Hoesen, Marcus Whitney, Clint , Nick Holland, and Debbie ?
-Creation of a Virtual Entrepreneur Resource Center
Snappy Auctions
-She never raised money. It funded itself through franchising efforts.
CentreSource
-If you can go a year without getting paid, you have it in you to be an Entrepreneur.
-Don’t start a business if you want to be rich or famous.
Emma
- Got loans from family instead of banks. (?)
RemarkableWit
-If you can’t get a good line of credit, you won’t get an investment.
-You have to have an obessive and psychotic sense of self.
-At least triple what you think it will cost.
Psychotic Optimism
“Pinky” Moments
Failure is not an Option
Reality is Important:
-You will be responsible for your employees. Whether they eat or not. Etc.
Mentoring:
-Can’t hold back your people.
-Learn from others how to scale your business.
In Nashville, it’s almost impossible to find someone who won’t go have coffee with you.
Rex Hammock “Learned more from my faliure, than the 15 years I’ve been an entrepreneur.”
What Kind of Company are you really trying to do?
-Stay is Business for a long time?
-Or Selling out in a few years?
Hiring the First Person besides you:
-Are they willing for work for free?
-Waiting until you have 3 months worth of what it would cost to pay the person for 3 months. -Nick
-Had at least 3 months of expenses, so if something with wrong, he had a window to fix it.
-Find someone willing to take the risk. Be very clear on to what the risk is. If they are willing to take it, then they are for you and your new company.
-Do it when the opportunity arises.