This is one of those books you wish you had read a long time ago (at-least I did). The 100$ start-up by Chris Guillebeau is an excellent summary of the success stories of numerous entrepreneurs from around the world. Chris Guillebeau painstakingly documents the experiences of thousands of entrepreneurs who started off with very little but eventually managed to bring their ideas to life. Mind you most of these entrepreneurs are not millionaires today however all of these entrepreneurs are now on their own, run their own show and depend on their personal ventures as the primary source of income. The 100$ here is a metaphor for minimal investment; it’s a metaphor that suggests innovation and entrepreneurship don’t require large amounts of venture capital to succeed any more.
It’s worth to note that the 100$ start-up isn’t a book about turning you into a millionaire, it’s not a book about recipes to grow rich and it’s definitely not a book on a business strategy for dominating the world. Not that you couldn’t grow rich based on the paradigms stated within this book, however the 100$ start-up focuses ways and means using the bare minimum resources available to you as an innovator and entrepreneur to get started on the road to success. The 100$ start-up by Chris Guillebeau is a book about the following:
- The fact that the internet has levelled the field for most entrepreneurs
- Starting a business with a large investment is completely optional
- Going your own way and starting something new is easier than ever before
- Identify your strengths, your passions, your dreams and base you value proposition around it
- Learn from the experiences of others, you will make mistakes but learn and move on
- Life is short, take the plunge, do what you like doing and strike the work life balance that suits you best
- Life is short, why live someone else’s dreams
- You need to overcome your fear of failure to be able to pursue your dreams and your passion
- Failure is an integral part of success. Fail quickly and at low cost. Learn from your mistakes and move on.
- Take advice from others but make your own decisions. Don’t let others make the decisions for you. As an innovator and entrepreneur you understand your dreams and passions and know what will work for you.
As Chris Guillebau says, life is indeed short, why live someone else’s dreams. As an entrepreneur you have your own passions and surely have your own dreams. The 100$ start-up provides you additional incentive to make things happen; it encourages you to take the reins of your life in your own hands and change course. The 100$ start-up is a book that calls for action, it calls you to follow your dreams and it reminds you that doing so isn’t as expensive as it used to be. The world needs more entrepreneurs, the world needs more innovators, and the world needs people like you who have the passion and foresight to work on bringing about positive change.
Failure is necessary evil and failure is required to be successful. Like Eric Ries mentions in his book on The Learn Start-up (See my other posts on the Lean Start-up by Eric Ries), failure should be seen as a means of understanding what doesn’t work for you. Failure is a great teacher and it’s important to fail at a few things, fail without spending a lot before you succeed in your own person venture.
As the story un-folds Chris presents numerous concepts and ideas based on his experience and those of the other entrepreneurs that you could use to get your own business or venture started with minimum investment. This isn’t a feel good book, this is a book about action, it is a book about facing reality and taking control reins in your hand. Gone of the days when every business required large amounts of capital to get started. Yes, indeed there still are very large numbers of businesses that require large capital to get started but as an entrepreneur and innovator you don’t necessarily need to go down that path. Start simple, start small and get going.
None of what Chris says is new, however I found the book to be a great compilation of things to look out for when starting out on your own. For the price of $13.68 at Amazon this book is a real steal. Use the book to learn from the experiences of other innovators and entrepreneurs. You don’t have to quit your day job to start your own business and you surely don’t need to mortgage your house to start your own venture. All you require is the willingness and drive to follow your dreams. Be open to failure; fail quickly and at a low cost (Use the Minimum Value Product concept suggested by Eric Ries in his book on the Lean Startup). Learn from your failures and move on. As an innovator and entrepreneur focus on understanding your strengths and base your business’s value proposition around your passion and dreams. Listen to what others have to say but make your own decisions. Starting up on your own hasn’t been as easy as this. There is no instant mantra to success but yes, what Chris says is true……there’s nothing to hold you back any more. All the tools you required to live your dreams are now available to you and most importantly you don’t need a million dollars to get started. So go for it and make it happen.
Best of luck to every innovator and entrepreneur out there who’s reading this post. Keep us posted on your challenges and tell us how you overcame them towards successfully setting up your own personal venture. We are keen to hear from you about your experiences, about how you overcame your fears and how you started off on the path to being an entrepreneur using the scarce resources at hand making things happen.
Look up resources on the 100$ Start-up at – http://100startup.com/
Purchase the book from Amazon by – Clicking Here