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Loral Langemeier's Business Bootcamp Video Series

Video 3 – “Can A Scrappy Startup Make It?”

For those of you who think you’ll have everything in place, and take 4-6 months to start a company, you’ll be broke before it’s off the ground! The scrappiest entrepreneurs are the ones who succeed!

Loral Langemeier - Live Out Loud CEO, entrepreneurial wealth-building coach, international speaker, and 5-time New York Times bestselling author!

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I like starting companies with no money. Actually I’m all for full-on bootstrapping (starting a self-sustaining process/business without external financial support.)

There are many businesses that can be started with little or no financial backing. Here’s why I debunk the theory that you need cash to launch a business dream: Capital comes from smart people and if you don’t know how to run a company, I don’t know that you’re going to have a really easy time getting capital. So launching smart is your first step.

One of the advantages of bootstrapping your company is that you have control of your cash. For me, I focus on spending those initial monies on hiring an amazing team to help lead the business to success.

So how can you launch a successful business without a mega cash infusion? Here’s how you can create significant leverage.

Write a strong business plan. Start with a detailed business plan that focuses on what makes your product or service unique and standout. A detailed business plan leads to strong investment potential. Take the time to thoughtfully write down your idea and outline how the business will operate, making sure you communicate your vision and potential for making a difference.

About Your Coach — Loral Langemeier

My name is Loral Langemeier — CEO of Live Out Loud, international business and wealth coach, speaker, trainer, Dr. Phil’s “Money Expert,” author of over 30 books and 5 New York Times Bestsellers, including the “Millionaire Maker” series:

Since I created and perfected a 3-5 year strategy for the “Average Jill and Joe” to make millions, I’ve been featured on ABC, NBC, CBS, CNN, CNBC, Dr. Phil, The View, Fox News Channel, The Wall Street Journal, USA Today, Businessweek, Forbes, The Secret, and a long list of other popular media.

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