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A paid plan from the start. you need a business model where you ll make money from day one. most of the money is spent on developing the product and team, the people around it. if your business is profitable and growing, you don t have to take external capital and can continue to grow indefinitely. i think that s what spencer s doing. while carbonmade has found success, frye admits that the ultralight model isn t perfect. the challenges he and other entrepreneurs face are similar. i think everything takes may take a little longer as a self-funded company because you don t have as much access to capital. it took us a while to kind of save up money to move into a larger space. and from that, you know, maybe we could have done quicker turnaround times. despite this, lawler says the ultralight model does have a clear advantage. you ll know your business better than anyone else. it really forces the best practices on you from the beginning. it forces you to understand your b ....
small businesses are revitalizing the economy. hi there, everyone, i m j.j. ramberg, and welcome to your business where we give you tips and advice for helping your business grow. once again this year, we are coming to you from geek heaven, the 2011 consumer electronics show. now of course there are a lot of big companies here. but this year, more than ever, small business owners are occupying the booths in these halls. for most, the road to ces takes years. for one oklahoma particular company, it took just months. how? one part inspiration, one part sheer force of will. the people behind the zom took their idea for locating a lost cell phone and turned it into a ces success story like no other. one year ago, lori peneck, mother of three, and an entrepreneur with what she knew was a great idea was packing her bags to go to the consumer electronics show or ces for the very first time. i love technology and love gadgets. and so i would watch it every year and th ....
i put in $7,000 of my own money. these company read called ultralights, business founded with practically no capital. the idea is you re not seeking venture capital. it s money straight out of your own pocket and out of the organic nature of the business. and what the business is generating on its own. graham lawler, founder of ultralight startups new york, says this business model is right for the times. investors are only giving money to successful serial entrepreneurs or people that already have traction. and so you need to get some traction first. and the way is starting with the revenue first, then going off to scale afterwards. everyone laughs at me and thinks that it takes hundreds of thousands of dollars to get a business off the ground. it really takes time. a lot of time. plus, a little money. hamilton caldwell started his business, maia yogurt, on the stove in his new york city apartment. i went from sitting on a trading desk the size of a football field to r ....