MBA1235 Q&A Wednesday: Should I get funding before I launch?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 3 April 2019

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You want to launch a business. Should you bootstrap down and go lean, or take a hefty investment from an outside source? It’s Q&A Wednesday, and one of our listeners is pondering whether to take money from an investor or bank. Is a pile of outside money a launching pad, or a trap? Is it wise to take money before getting proof of concept, or silly to turn perfectly good dollars away?

Transcript

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0:00.0	Heyo! Welcome to the 100 R.M. Showing every day.
0:09.0	Heyo!
0:10.0	Welcome to the 100 R. R. M.
0:12.0	Show! Keeping your business juices flowing every day with our daily 10 minute
0:15.9	business lessons for the real world. I'm your host, your coach, your teacher, Omar
0:20.8	is at home. I'm also the co-founder of the $100 MBA, a complete business
0:25.4	training and community online. And today's episode is a Q&A Wednesday episode. On our
0:30.2	Q&A Wednesday episodes I answer a question from you, one of our listeners.
0:34.7	If you have a question you want to ask, just email me over at omar at 100MBA.net.
0:40.1	Today's question is from James and James asks,
0:42.8	Should I get funding before I launch my business?
0:46.6	I've been working on my business idea for about six months now.
0:50.8	I'm looking to launch in the next couple of months, but I know that there will be some
0:55.2	expenses coming my way as I launch. Should I get funding first before I make my first sale?
1:01.5	Good question, James, and congrats on the new business pumped for you.
1:05.7	In today's episode I'll be answering James's question.
1:08.7	It's a really, really common question that many entrepreneurs have so I'll be answering it in today's episode.
1:14.0	He has a valid concern. I have expenses coming my way. I want to make sure that I have funding
1:19.0	so I can be able to pay those expenses.
1:21.0	Should I do this before I launch my product and make sales or after?
1:24.7	I get into all those details in today's episode, so let's get into it.
1:28.6	Let's get down to business. Or for today's today's show comes from NYU Masters online.
	...

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