How To Pay the Bills While Launching a Startup
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
Launching a startup is hard work.
It takes time to build up the revenue to pay a living wage to the founders.
So how does a founder pay the bills while launching a startup?
Here's one solution:
Provide consulting and training services in the domain of the startup you are building.
For example, if the startup is building a software application in the HR space, start by providing training and consulting on HR software.
Here are the benefits:
It fosters contacts and networking with those in the target market.
It engages the founder with the current products.
It provides hands-on interaction with customers.
It highlights the challenges customers face in their work.
It shows how the current solutions are positioned in the market and what price they charge.
It shows how the current companies in the market make money.
It's okay to have a day job while launching a startup.
It's even better to have one that helps educate and inform about the startup's target market.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Let's go startup something today.
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