Linkedin’s Reid Hoffman, the man with the true Midas Touch, talks about raising capital and how to succeed in today’s world as an entrepreneur. Continue reading
Be Honest: Are You a Blanche DuBois Type Entrepreneur?
I have always depended on the kindness of strangers. – Blanche DuBois, A Streetcar Named Desire
Let’s take a look at the main differences between true entrepreneurs and the Blanche DuBois type wannabes.
Are you a Blanche Dubois entrepreneur?
True entrepreneurs are very resourceful by nature. Once they make the decision to proceed with a new venture they immediately shift their focus to how they can move forward with whatever resources happen to be at hand. One of the reasons that they are able to start making progress immediately is because there’s always something you can do to move forward. Always. You just have to be on the lookout for it.
In contrast, the Blanche DuBois entrepreneurial wannabes come up with an idea, maybe write a business plan and estimate of how much money they will need to implement it, and then sit down and wait and wait and wait some more for a kind stranger to come along and drop $50k, $500k, or $5 million into their laps.
How to Create Startup Capital
Well, not exactly but it come close. Think of it as an indirect endorsement. Big name east coast venture capitalist Fred plugs one of the many financing methods elaborated on The Smart Startup Guide. It would have been better if he had mentioned the creative financing manual by name, but I’ll roll with it anyways.
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