VC who's backed companies like Peloton: My best advice for growing and scaling your side hustle

  • 📰 CNBC
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

VC who's backed companies like Peloton: My best advice for growing and scaling your side hustle (via CNBCMakeIt)

In my experience, if you've ever dreamed of being an entrepreneur, starting small is a great way to go. When I'm looking to invest in a company, I like to see proof of concept. For a lot of businesses, you can get proof of concept with a. I just connected with an entrepreneur who realized she was on to something when she kept selling out all of her product at farmers markets. Now she's selling online and in key retailers, applying to accelerator programs along the way.

and refine how you're going to make money. Let your friends know what you're doing and ask them to spread the word if they like the product or service. Safely set up shop at your farmers markets or, especially in this current moment, seek out trade and industry associations, virtual events, webinars, and brand collaborations.

The first investment into a business is often from a friends and family round, which typically ranges anywhere from $100,000 to $1 million. This money is used to create a proof of concept: a minimum viable product, an e-commerce site, or whatever you need to test your initial offering. As an investor, I'm personally looking for a great product, scrappy and effective marketing tactics, repeat customers, and compelling margins. One of the best sources of early capital is people who know you and believe in you, have the funds to back you and relevant expertise — like other business owners who have built a business from the ground up, or experts and well-known executives in your field.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt wow

MakeIt Please if you can support anything helps. I am a single father of 2 girls❤️❤️: gofundme

MakeIt Viet Cong?

MakeIt I’ve never understood any VC who’s never had to sweat out even one payroll or one bad economic cycle, having the stones to tell anyone else running a business what to do. Color me skeptical.

MakeIt Corporations pushing “Side Hustles” is basically saying “get used to the China owned gig economy”

MakeIt wow

MakeIt *DEMS CHEATED FOR BIDEN*: Dominion Machines Re-ran/Flipped votes & Was on internet w/easy breached thumb drives, Registration Fraud, Harvested Ballots, Threw away GOP Ballots, GOP unable to view, Stole Elderly/Dead & Disabled Votes, Counted Late & Out of State Ballots.*TRUMP WON*

MakeIt INDIA & USA have become extremely doubtful for the EDUCATED as RBI GOI & some high criminals at political NEW DELHI have given away MY UMM MONEY IN CRORES INR MULTI to criminals & they have attacked & hijacked MY PARTNER OR & SPOUSE & they LOOTED MY NAME ? UMM* cbi * bbc * AUD *$

MakeIt MegaWordVigil

MakeIt stockmarkettile

MakeIt horrible

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines