Having a rich investor buy into our business ideas to fund the growth of our empires is a dream for many startup founders.
For the rest of us, we have to wake up and fund our own businesses.
Review this thread for practical tips for Bootstrapping your business.
What is Bootstrapping?
The Small Business Encyclopedia defines it as: Financing your company's startup and growth with the assistance of or input from others.
I define it as: Building a business with out of pocket financing w/out the guidance of a parent company.
Bootstrapping Strategy #1
Know your operating costs and expenses. Ruthlessly manage unnecessary expenses.
If your partners are money-motivated, it is important to form an agreement to delay gratification. Run a lean ship in order to stay afloat.
Squeezing the juice out of each day starts with intentional usage of your early waking hours.
Use the ideas presented in this Morning Routine checklist to supercharge your performance and results.
Great Mornings Start the Night Before
Your pre-bedtime ritual will result in easier mornings and the opportunity to optimize your day.
*Set out the clothes you will wear
*Locate your keys
*Write down 3 things on: "What Went Well Today"
Envision the perfect day
Invest in Yourself: Wake up Earlier.
Waking up earlier results in uninterrupted time to focus on yourself and your goals.
In our rush to commute, take care of family members, and prepare ourselves for the day, it is easy to fall victim to distractions.
The world does not care about your problems but how you handle your tough times can speak more in favor of your character than anything you accomplish in successful times.
How to keep showing up when life is beating you down
If you’re facing tough times communicating with your creditors as early as possible will allow you to make arrangements and pursue options with each company that you didn’t know existed.
💡Pick up the phone and communicate early. Explore your payment options.
If you’re facing a storm and you don’t want bill collectors harassing you, it’s best to *face the music* and talk to them directly and do what you can.
Most people avoid the music during the tough times but it’s the best moment to stand firm and deal with it
Sunday is the most important day of my week for several reasons.
Why Sundays can be the best day of your week. A few suggestions and ideas.
Sunday is a very powerful day for me to set deliberate intentions for my week.
I developed a template that write out by hand in order to:
✅Set gratitude practices
✅People I will share ideas w/
✅Major outcomes I desire
Sunday is the day where I reflect on my actions that resulted in my ideal results vs. what I could’ve done better.
The biggest shift in my life stems from:
💡Taking 100% accountability of all outcomes, wins, losses, and events. This gives me power to adapt.
Public speaking is the lowest cost method to transition from Unknown to Rockstar in your industry. It still remains as one of society’s greatest fears.
Simply standing in front of an audience and sharing your ideas & experience positions you as an authority. #socialskillschat
Hosting live events crowns you as the “Authority”.
💡When a person is introduced to a new way of thinking about an idea that they value or hold in high esteem they elevate you within their own mind.
As event host, you are attributed for helping people see themselves differently
A Value Driven Presence starts with Gratitude:
💡You can’t give genuine value to others until you first appreciate within self
I am thankful for:
✅The gift of life
✅Ability to love
✅Ability to receive love
✅All the great moments w/people
A value driven Presence each day starts with abundance
Abundance in this context refers to the gift of *your time ⏱
Examples of value driven abundance:
👉🏾Calling a friend
👉🏾Saying “Good morning”
👉🏾Holding a door for others #DailyGratitude
Using Gratitude to Overcome Rough Days & Times:
Gratitude & negative vibes cannot occupy the same brain at the same time. Upon waking up, decide that it is a clean slate and today will be different. Ownership of your day depends on it.
Next: ideas to be grateful for:
Using Gratitude to Overcome Rough Days & Times:
When things are so tough that you can’t see the beauty in all things, go back to the basics.
Stand up. Read aloud:
I’m thankful for:
✅A new day to start fresh
Success in small business requires the conscious cooperation of other people to succeed. We naturally rely upon the direct support of our immediate peer group.
There are 3 types of friends.
Only 1 type has the capacity to support your evolution.
Let’s go deeper.
The first type of friends you develop are your Rite of Passage friends.
You meet during moments of transformation. During times of stress, the mind seeks familiarity & comfort.
Common interaction points:
Bootcamp, Freshmen year of college, high school athletics, church choir
Ownership starts with taking control of your day the moment it starts.
Here’s how to invest a portion of your waking hours into your personal progress before starting your travel to work.
Upon immediately waking up, get in the attitude of gratitude. The brain cannot project negativity/stress & gratitude simultaneously.
Stuck on what to be grateful for?
1.)The gift of life
3.)Breathing w/out assistance
4.)An opportunity to do your best today
Wake up earlier. It’s honorable to be responsible & work & pay bills but your dreams, priorities, and goals should come first.
The earlier you rise, the more focused time you will have to devote towards your ideas.
Less distractions = progress #greatmorning
The Gentleman’s guide to developing a magnetic presence for business (& life).
Based on a true story.
Develop a crystal clear vision.
This is the root of powerful presence. When you share your ideas, people need to feel compelled to take action.
My Dad would tell me “Convince the mirror first & the world is easy”. He was correct. #socialskillsforbusiness
Never stop improving your communication.
The ability to communicate your intentions in a clear and direct way will cause you to stand out in the minds of your peers in business and life.
(Trust me on this) #socialskillsforbusiness
Always level up your dress-code when traveling out-of-state via airplanes.
Countless conversations which lead to deals & opportunities are sparked in transit simply because “you look like someone on the way to do important”
Service industry subconscious treats you better too.
Never step foot in an airport without shining your shoes first.
Your shoes are what people see first as you approach
Shoes possess the superpower of subconsciously communicating how you feel about yourself
Ask any lady in your life who loves you, they will explain on my behalf.
Treat all who serve you like Gold. Remember their names. Thank them for serving you. Compliment them.
This is powerful in Las Vegas & will open Up doors to an entirely different experience during your stay.