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Victoria Yampolsky, Startup Advisor
Manage episode 256338379 series 2638546
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Victoria's first business was a film company. And like many first ventures, it didn't go quite as planned. She had a slate of films, a production partner, a distribution partner, and a finance partner. Only the finance partner wasn't who he said he was. When the film company folded, it was a hard lesson, but it allowed Victoria to go into building Startup Station with a much stronger foundation. She learned how to put together business materials, how to make connections, how to think through business model analysis, and how to vet people that you're going to work with.
After the film company, Victoria went to visit a headhunter, to feel out her options. Only, she never got that far. While there she met someone from HP India who was starting a mobile app and eventually came on as their senior strategic advisor. And through working with them, she met future clients. Then, those clients told friends in the community about her, and the word of mouth spread.
Starting a service based company as a solopreneur can be done with very little money. A product based startup is an entirely different beast. Paying to build your prototype can cost $30,000 to $50,000 and there are legal fees to build the company's legal structure as well. Even if you're able to build your MVP (minimum viable product) yourself, try to set aside $10,000 to start. For some that is a lot of money, but it is doable. You've got this.
For full links and show notes visit compassopod.com/013
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