Archive for the ‘Start Ups’ Category

First Money

January 28th, 2009

I have coached three people in the last week who are starting up new businesses, but have not yet seen (made/generated) any revenue.  Their plans are in place, the demand is there, but no customers yet.

The first check from a real customer is crucially important when you’re starting up. I know this may be a big DUH for everyone else, but I really got how the First Money will change all three clients’ attitudes about their ventures.  They’ve done a lot of work to make sure the market is there and that they are charging the right prices, but nothing will confirm they’re on the right track like a paying customer.

So if you’re reading this, and you’re starting a new business, where can you get your First Money?  Sooner rather than later.

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