Most businesses can be launched in a capital efficient manner. Most businesses can go a long way in a bootstrapped mode. As long as you’re not taking on capital guzzlers like drug discovery or semiconductor chips, you have many options to explore. At 1Mby1M, we don’t insist on fund raising. A bootstrapped, capital-efficient, million-dollar business
Let’s talk about the field of medicine. If you think about what a doctor needs to do to diagnose an illness, she needs to consider all the symptoms, take into account all the test results, consider all the treatment options, factor in all the side-effects of various medications and their interplay with other medications the
I started one of the Internet’s first fashion e-commerce companies in 1999. It was very expensive to do so at the time. Today, an online fashion business can be launched in an extraordinarily capital-efficient manner. There are so many effective e-commerce platforms from Amazon, eBay and Etsy to Shopify and BigCommerce that will allow you
Two-sided marketplaces are becoming increasingly popular in the e-commerce startup world. eBay and Etsy are some of the most obvious examples of two-sided marketplaces, but now we are seeing a lot of niche and esoteric marketplaces as well all over the world. So what does it take to be successful in this kind of business?
Are you new to e-commerce or already scaling your business? Do you want to accelerate? This is a collection of courses that can help you save time and resources by teaching you how to avoid common mistakes through case studies. The courses are built on real-time examples of successful entrepreneurs, so if you study them
Over the course of several years, we have fine-tuned our proven methodology for building tech startups. We have packaged the 1Mby1M methodology into short courses on Udemy. This is an extension of our strategy to democratize entrepreneurship education at scale, globally. Here are the up to 85% off coupon codes for all of our courses
The toughest round of funding an entrepreneur will seek to raise is pre-seed investment. It has the lowest probability of success, the highest amount of ambiguity, is poorly defined, and causes the greatest amount of confusion and missteps out there. Over 99% of the entrepreneurs who seek financing are rejected. So, my humble advice to
When life throws you a curveball, like an unexpected job loss, it can be disheartening. Yet this could also present the opportunity to start your own business. Rather than searching for another employer, why not pursue something that you have always been passionate about? Michelle Munson is the CEO of Aspera, a company she began