Traditionally start-up Business has always started by fire in the belly by the founders and money from an Angel followed by a VC (venture capital) ; the cloud is changing this paradigm.
The cloud allows start-ups to validate their business potential and also run a business pilot by financial leveraging on a simple credit card.
The initial cost of start-ups are going South as the Cloud offers a medium for building any business quickly, economically and reliably. Once the revenue model is validated the business can quickly ramp up with ease.
Secondly large sales teams are passe,what you need is focused sales team who can leverage on the social networks offered in the cloud, voice communication offered on the cloud, video conferencing offered on the cloud plus not to forget all the software solutions needed by a business for collaboration, execution and customer fulfillment. Finally human contact will be required with a small sales team, but this will be for closure rather then building the sales funnel.
New start ups are learning to bootstrap their business with no interference from angel investor's or VC's who are keen on multiplying their money and jumping ship or changing the founding team in times of adversity
Welcome Bootstrapping the future for start up business and thank the Cloud for making this possible.
This post is inspired by a conversation with an acquaintance who is bootstrapping a data backup business on the cloud with no borrowings from angels or VC fund managers.
The cloud allows start-ups to validate their business potential and also run a business pilot by financial leveraging on a simple credit card.
Make a little, sell a little, take small steps.
3M Corporation Creed
The initial cost of start-ups are going South as the Cloud offers a medium for building any business quickly, economically and reliably. Once the revenue model is validated the business can quickly ramp up with ease.
Secondly large sales teams are passe,what you need is focused sales team who can leverage on the social networks offered in the cloud, voice communication offered on the cloud, video conferencing offered on the cloud plus not to forget all the software solutions needed by a business for collaboration, execution and customer fulfillment. Finally human contact will be required with a small sales team, but this will be for closure rather then building the sales funnel.
New start ups are learning to bootstrap their business with no interference from angel investor's or VC's who are keen on multiplying their money and jumping ship or changing the founding team in times of adversity
Welcome Bootstrapping the future for start up business and thank the Cloud for making this possible.
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