uEntrepreneurs: The Learning Center for Entrepreneurs ™

    To Bootstrap or Not? That is the Question

    Financial EfficiencyYou are an entrepreneur faced with a troubling question: How do I get venture capital? Before you answer that question, consider another one that should be more important – should you bootstrap?

    In my new book Bootstrap to Billions: Proven Rules from Entrepreneurs who Built Great Businesses from Scratch, I have profiled 28 entrepreneurs who built great companies from scratch, including the world’s largest medical device company (Earl Bakken of Medtronic), the world’s largest consumer electronics retailer (Dick Schulze of Best Buy), and the world’s largest private healthcare management company (Richard Burke of UnitedHealth Group). The 522 lessons in the book answer five key questions that each entrepreneur should consider. These include how to find the right opportunity with your unique competitive advantage, how to implement a capital-efficient sales and operations strategy in order to do more with less, how to finance to create wealth and keep it, how to build a dedicated and effective organization even without the resources, and how to be a better leader than your competitors. This column is a partial answer to the finance question. (more…)


    Glenn Hasse: Ryt-Way Industries

    Glenn Hasse started helping his mother and older brother manage his parents’ drive-in restaurant at Excelsior, Minn., at the age of 11. His dad managed a creamery in Plainview, Minn., which was 100 miles from Excelsior. His dad’s goal was to manage the best creamery in the state.

    After Glenn spent two summers of long days working at the drive-in and dealing with customers, he started working at the creamery for his dad. Hasse learned how to run a spotless, state-of-the-art food operation from his dad, who emphasized the need for cleanliness, sanitation, effectiveness, and efficiency.

    These lessons were his foundation when he started Ryt-Way before he was 24. He started packaging general products for large corporate customers, some of whom were in the food business. (more…)

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    For over 33 years, Dileep Rao has worked with entrepreneurs, managers and leaders in the U.S., Europe and Asia. Dr. Rao has been acclaimed as a venture development teacher and speaker because he combines impeccable academic qualifications with his own successful experience in business growth and development -- offering practical knowledge with lasting value for success.

    Based on his experience and his study of some of the world's great entrepreneurs, he shows entrepreneurs, managers, professionals, financiers and area development officials how to build businesses by focusing on what truly matters and is sustainable in the long-term. (more…)


    A columnist on entrepreneurial finance, Dileep Rao is a nationally acclaimed practitioner, advisor, author and communicator on new business development, business growth and financing businesses and ventures. He combines real-world experience in financing more than 450 firms and managing five companies as the V.P. (now director) of one of the U.S.' largest development finance institutions with advising governments (including the U.S. government), Fortune 1000 companies and entrepreneurs in new business development and financing. (more…)

uEntrepreneurs: The Learning Center for Entrepreneurs ™