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Think Like You Have No Money to Spend

When Lion was about to start his business he came across an article which changed the way he thought about the beginning. It urged all new entrepreneurs to think like they had no money to spend. Lion thought it was a great idea. Instead of hiring outside help to do simple, basic tasks he decided to take some time out and study around for tips and video examples. By doing this he not only saved a ton of money in the beginning but also bettered himself in the process.

Lesson: This lesson is inspired by the Rescue a CEO Post “What Are Your Best Tips for Bootstrapping?

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Professional Respect

Otter was always raving to her daughter about the latest product she had come up with at her place of business. Her daughter also ran a small business with similar products. After a few years they decided to merge the two and become co-owners of the single company. While Otter always had ideas, her daughter knew just how to put them into action. One never became jealous of the other. If they did, they met together alone and discussed why it was bothering them. That way they maintained a level of professional respect and neither found themselves hurt.

Lesson: This lesson is inspired by the Rescue a CEO Post “Tips on How to Succeed When Working with Your Grown-up Kids

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Don’t Buy Fancy Equipment

Whale had been looking over some glossy new office supply magazines sent to his business. Each page was full of beautiful new supplies which, he thought, would make his company much more of a success in terms of how it looked. His business was new and he had been bootstrapping since the opening day. And although all the beautiful new items would look fantastic in the office…deep down he knew it would be a waste of funds that could be better spend on customers or his products.

Lesson: This lesson is inspired by the Rescue a CEO Post “What Are Your Best Tips for Bootstrapping?

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Make Sure You Have Compatible Personalities

Beaver had been working with his soon for several months now. It was an internship with his son, but he wanted to bring him on full time as a worker. Although Beaver loved his son he was slightly unsure of how they would work together. Beaver had a very stern take when it came to business. Customers liked knowing someone was in charge and things were getting done. His on the other hand liked to let customers know that he was his friend and move at a slower pace with them. So before Beaver hired his son he had to make sure their personalities matched up when it came to working together or it would likely lead to trouble.

Lesson: This lesson is inspired by the Rescue a CEO Post “Tips on How to Succeed When Working with Your Grown-up Kids

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Buyers Can’t Inquire if They Don’t Know You Exist

Badger had been working on a promotional plan for weeks now. Finally he had finished and crossed all the t’s he could think of. Bringing it to the attention of his co-owner there was once huge problem – he left out the part about bringing his company to the actual public. No matter what kind of promotion he did, books, magazines or television ad’s, if the buyers had no clue what his business was about or even what it was they surely weren’t going to buy from him just because they saw him on television!

Lesson: This lesson is inspired by the Rescue a CEO Post “The Importance of Well-Executed Promotion

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Getting Attention

Kangaroo was at a business lecture as one of the presenters. He didn’t have to give any speeches but when a group of young entrepreneurs came up to him after the day ended they had some questions for him to answer. The biggest one being what the biggest hurdle was when he was trying to start his business. For a few moments he thought back on the beginning of his business and all the muck he had to plow through to get to the state he was at today with his business. Finally he decided on the most prominent one – getting noticed. “It was hard to get noticed in a sea of startups,” he said with a nod, “They all want one thing – a good product at a fair price. Anyone can do that if they want to. But it takes doing that and more to get noticed. You claw and fight and climb you way to the top through unique design, innovation and doing what the other people can’t or won’t.”

Lesson: This lesson is inspired by the Rescue a CEO Post “What Was Your Biggest Hurdle When Starting Your Business?

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Morning Walk, Block Facebook/Skype and Workout

Cat was always connected. She carried her phone with here anywhere she went and even during vacation time she was always checking her Facebook or Skype for anything related to her business. Over time this began to feel like more of a chore. It didn’t seem like it was benefiting her business and it was starting to wear her down. Finally she had had enough and decided that if wanted to maintain her sanity and keep things manageable that she needed to take a step back from Facebook, relax and enjoy her mornings and maybe even get in a little jogging time to help her keep a balanced lifestyle.

Lesson: This lesson is inspired by the Rescue a CEO Post “Entrepreneurs and Business Owners Explain How They Maintain Balance

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Invest in a Professional Logo

With just a few bucks in his pocket and the desire to help, Rhino was ready to start his business. He’d been building and planning on paper for years now but the thing about planning on paper was that it cost nothing. In the library he roamed over countless advice books and went online searching for answers. Finally he hit upon one main theme. If he wanted a successful business he had to make it look good from the outside in. So the money he had saved in his pocket went straight to the one thing he would be known for – his logo. He had a designer create a beautiful, unique logo which in turn ended up attracting customers.

Lesson: This lesson is inspired by the Rescue a CEO Post “Starting a Business for Under $100

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Get Involved in the Community, Listen and Focus on Health

Penguin was having a difficult time trying to balance everything at once. When things started to slip beyond her control she sat down at her desk one evening and decided to completely overhaul her work attitude and what her priorities were on. While she had once been a proud member of the community board, this had fallen by the wayside during her business career. Even her health had taken a bad turn because of all the sleepless nights. Right then and there she decided that if she was going to maintain her balance in business and not get swept up that she needed to go back to the things that helped – sleeping and community service.

Lesson: This lesson is inspired by the Rescue a CEO Post “Entrepreneurs and Business Owners Explain How They Maintain Balance

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Investing in the Customer

Llama was still in school but had the idea of starting a business that she just couldn’t get rid of. In classes she would daydream about the business and decide a different models. There was only one catch – she didn’t have much money to invest in starting a business. With $100 in her pocket she went and spoke with her business professor. He suggested that the number one thing she needed to do with that money was get a paying customer and invest in them. Make sure they were happy with the results of her work and it would lead to her business actually becoming a business.

Lesson: This lesson is inspired by the Rescue a CEO Post “Starting a Business for Under $100