How To STARTUP with NO Money in 2021! Raising money has never been so easy! | Summary and Q&A

TL;DR

Learn how to start a business with no money by leveraging marketing, sales, and intuition.

Key Insights

• 🤑 Starting a business with no money is possible by leveraging creative ideas and finding partners or clients who can provide funding.
• 👨‍💼 Marketing and sales skills are crucial for attracting partners or clients willing to invest in the business.
• 🖐️ Luck can play a role in securing partnerships and investments, but it can be considered a skill that can be developed.
• 😇 There are multiple ways to raise money for a business, including crowdfunding, loans, grants, and seeking investment from angel investors or venture capitalists.
• 💗 Cash flow management is important for sustaining and growing a business, regardless of whether it started with or without capital.
• 🖤 Building a successful business requires a mindset focused on finding solutions and not being limited by the lack of capital.
• 🥳 Sharing knowledge and resources with others who are looking to start or grow a business can be beneficial for both parties.

Transcript

my name's simon squibb and today we're going to be talking about how to raise money for your business now i built 18 companies from scratch 13 of them i started with no money at all one of my last companies fluid i sold to pwc for more money than i'll ever need now raising money is not as hard as it sounds and i'm going to create a whole playlist f... Read More

Questions & Answers

Q: How did Simon Squibb start a business with no money?

Simon Squibb started his business, Coaster Ads, by presenting the idea to top brands and securing a partnership with United Airlines. They funded the execution of the business idea.

Q: How did Coaster Ads generate revenue?

Coaster Ads generated revenue by placing branded coasters in bars and restaurants, offering advertising space to brands. The company charged a fee for the advertising space.

Q: What was the key to success in starting a business without capital?

The key to success was leveraging marketing, sales, and intuition. Simon Squibb emphasizes the importance of finding creative ways to start a business without relying on capital.

Q: What are some other ways to raise money for a business?

Simon Squibb promises to cover various ways to raise money in a series of videos, including raising funds from family and friends, angel investors, venture capitalists, corporations, and managing cash flow effectively.

Summary & Key Takeaways

• The speaker, Simon Squibb, shares his experience of building 18 companies, 13 of which started with no money.

• He explains how he started a successful business called Coaster Ads by turning coasters into advertising space.

• Instead of using their own capital, they presented the idea to top brands and secured a partnership with United Airlines, which funded the execution of the idea.