Business owners may be telling their advisors things like, “I’d like to back away from my business”, “I’d like the freedom to do whatever I want, whenever I want”, “I don’t want to worry about money. But if I sell, I’m unlikely to get enough cash in today’s merger and acquisition marketplace.”, “If I could cash out, where could I invest and generate a reasonable rate of return?”, “Don’t even think about suggesting that I put my money in the stock market!!”, “Even if I were foolish enough to let you do so, I doubt you could match the return I get on investments in my own business.”
June 2009 Articles
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Be a Bootstrapper
Tuesday, June 23rd, 2009By Dan Miller - Back when I was contemplating opening Veterans Computer Solutions I remember making a list of all the things I was going to need. A CPA, a lawyer, tools, clients and a bank account and from the looks of things then it had better be a big bank account.
At the time I thought the best way to build my business was to model it after the big successes like Intel, Microsoft, IBM but again they have resources for attracting new business that I didn’t have. So I started looking around for ideas and I went thru the flyers, and emails and direct mail and on and on but money was running short and new business was slow to arrive. TV and radio again required sums of money I wasn’t ready to part with.