HI - I think an important question that many entrepreneurs have are trying to balance the demands of the home & the demands of their exciting new enterprise. If an individual has large demands at home e.g. (little kids, wife, university, and a part-time job) is it feasible to dedicate the necessary requisite time to achieve success in his dreams of building his idea into a real enterprise? Especially nowadays when it seems that the "New" billionaires were single, 20-somethings dedicating every moment of every hour to their idea without stop until they achieved their goals. When a person has that entrepreneurial bug & limited cash, but believes that he has a viable business model that can really take off & generate REAL revenues, what should he do? Should he believe the hype of the DropBox & Facebooks of the world or is there another road to success albeit on a different path? Thanks!

Sound general advice from Laura to be sure.

However, the short answer is it really depends on you business concept, plan and model. I've been fortunate to start several businesses over the last three decades on little to no money and generate an income nearly immediately. A lot I it has to do with being in the right place at the right time.

Bootstrapping a business is high risk. It can be done. It can succeed. It can also fail.

I'd love to know more about your concept to give you more direct advice. Give me a call. The call is free to first time callers with this link.

All the best!
Kevin McCarthy

Answered 7 years ago

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