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I am just starting out. I have an idea and no funding. Where do I go from here?

I have an idea and slide deck prepared. I have no funding and no prototype. where would be a great place to get help and how do you know who to trust?

79 Replies

Jonathon OBryan
3
8
Jonathon OBryan Entrepreneur
Founder of The SmartSheet

Your
called "what they say in slang" screwed.
Seriously, even if you have the next big thing, have white papers, prototype, executive summary, all professionally done, but even then, getting in front of an investor is like trying to ride your bike backwards, yes you can do it, but it isn't as easy as it appears to be... So, find a reliable source easily found on the internet, research the companies about 4 minimum, and go for it, because honestly the difference between an idea and a business are none, you just have to connect the dots and take action. The ladder being (the missing ingredient) and by all means get advisors on here to help with difficult questions...
Steve Owens
12
2
Steve Owens Entrepreneur • Advisor
Finish Line - A Better Way for Small Companies to Develop Products
An idea is not very valuable - it is the ability to execute that is rare. I would not waste time on any idea unless you were certain you can execute.

There is plenty of money out there looking for people who can execute - money is easy to come by if you have this ability.

First step is always market validation. This step should cost almost nothing - other than a lot of your time.

Good luck.

Ananth Agasthya
2
0
Ananth Agasthya Entrepreneur
Principal Facilitator at ILIFESigmoid
There is no one answer. Trust yourself but also allow some doubts to be there. Trust yourself to make mistakes and learn from them unfailingly. Keep listening and observing the world as you participate in it. Best wishes Anantha Agasthya Principal Facilitator ILIFESigmoid +91 98806 31526 Sent from my iPad
David Pace
3
0
David Pace Advisor
CEO, Business Speakers Bureau & Event Services. Serving the U.S. and the world * www.BSBspeakers.com
Tanya: one of the best suggestions is to sign up for CEOSpace International. They hold a week long program that will give you all the tools and connections to get your funding and get your business off the ground the right way and you will connect with tutors and master mind associates. They hold sessions several times a year. Look them up on line or contact Michelle McBride, National Director, [removed to protect privacy]
Narayana Murthhy Parnandi
2
0
Techno Entrepreneur & Technology Evangelist
First validate the Idea. There are several steps involved. Use either online or offline or both to validate your idea depends on the type of customers for your idea. Once Idea is validated, then prepare BPlan. And hit the Startup events. But I highly recommend you to fund yourself first as that will see by investors as a serious commitment from you. Unless you have a very good network, it is not easy to get the things done. Focus on that as well.
Kevin Chugh
12
0
Kevin Chugh Entrepreneur
Founder, Main Street Computing
Hi Tanya, would you share your slide deck? That would help with a reply. If it's a B2B play, I would search linked in, find potential customers and then email and call them (do both), and be totally honest, ask for 15 minutes of their time and explain you're evaluating a business idea. You'll be surprised how receptive people are to that. Do that 5 or 10 times, take good notes and then use that as a pseudo-scientific basis for whether your idea has legs. If it's C2C or B2C, do something similar, maybe pay for a fake mockup and go to a Starbucks and ask people for feedback in exchange for you picking up their coffee. This is also a highly effective strategy. Be careful of all sorts of biases, people being nice but not realistic, etc. But still, you'll learn a lot. I would also echo a lot of the sentiment here, don't be over protective of the idea, you and everyone else needs a ton of time and money to execute it so there's likely zero risk of someone stealing your idea. "Stealing your idea" is a phantom problem a lot of entrepreneurs worry about, but the value of being open far exceeds the risk of failure to launch from being irrationally protective. Hope this helps.

Kevin
Tanya Bourque
0
0
Tanya Bourque Entrepreneur • Advisor
Chief Executive Officer & Founder at OppCount & OpExpert~ Chief Talent Strategist~
I wouldn't mind sharing my slide deck. I am not worried about anyone stealing my idea. Please let me know where to share it.
Edward Sullivan
1
0
Edward Sullivan Advisor
CEO at G2Link
Tanya,

Congratulations! It's a confusing place to be and nothing you try will work at first unless you're really lucky. I found Steve Blank's book, "Four Steps to the Epiphany" to be most helpful for me to get the ball rolling.


Chicke Fitzgerald
3
0
Chicke Fitzgerald Entrepreneur • Advisor
Game Changing Strategist, Advisor & Technologist | Board Candidate | Zigging where others Zag
Tanya, The best place to start is by finding people that know you that believe in you that are willing to take a gamble on you. Usually looking in the mirror is the best place to start. Serious entrepreneurs will cash in life insurance policies, use their savings, use credit cards to fund the minimum viable product. If you don't have that ability, then I'm afraid it will be a long road. I agree with the others, an idea without the ability to prove that you can execute just isn't enough these days. Get the Startup Owners Manual and follow it diligently.
Adam Crabtree
3
0
Adam Crabtree Entrepreneur
Project Coordinator at Phonoscape
Tanya,

Check out Ideator:


I have found it helpful for getting the ball rolling on my idea. Great community, great support.
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