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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Tuesday, July 05, 2005 | |
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Cost of Starting Up is Lower than Ever | |
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Joe Kraus, founder and CEO of JotSpot, writes that it's a great time to be an entrepreneur because it's never been cheaper to launch a company. He points out that Excite.com took $3 million to get launched, but that JotSpot took only $100,000. He attributes the cost differential to four factors:
And what are the implications? He suggests we can expect more people to be entrepreneurs (since more people can raise $100,000 than $3 million). He also suggests we will see more companies "bootstrapping to profitability." Be sure to check out the whole post, including the comments and and other posts linking to it. Tags: business; small business; entrepreneur. |
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