Zero Million - The Entrepreneurship Chronicle
  The Entrepreneurship Chronicle :: January 2008 Issue :: 35
Editor: Ryan Allis
Sent With : iContact

QUOTE OF THE MONTH
"Whatever the mind of man can conceive and believe it can achieve."

Napoleon Hill

Dear [fname];

The new edition of Zero To One Million: How I Built a Company to $1 Million in Sales... And How You Can Too launches February 5th.

We are going to have a day on February 5th in which we ask everyone to buy it on the same day so it can become an Amazon Best Seller that day.

Would you mark your calendar to buy your copy of Zero to One Million on Tuesday, February 5th, and ask your friends to buy the book that day too.

We'll be sending video bonuses to anyone who purchases a copy on February 5th and emails their receipt to bonus@zeromillion.com.

In Chapel Hill, we are holding Entrepreneur & Social Entrepreneur Meetups once per month at my house. If you live in the area and care about changing the world, come on out. Details on the meetups can be found on the Facebook Group.

I hope you have made progress on your entrepreneurial vision and that you gain value from this 35th issue of The Entrepreneurship Chronicle!

Entrepreneurially Yours,
Ryan P. Allis, CEO
iContact Corp.
2635 Meridian Parkway
Durham, NC
www.iContact.com


   Table of Contents

  1. The 15 Step Process of Raising Venture Capital
  2. Featured Organization of the Month: Bamboo Bike Project
  3. Public Speaking for Scaredy Cats
  4. When Do I Need To Hire A Business Plan Consultant
  5. Why Every Student Should Start a Business
  6. Connect With Ryan
  7. Closing Notes
  8. Premier Sponsor: Virante
  9. Sponsors

The 15 Step Process to Raising Venture Capital

By Ryan P. Allis, CEO of iContact

The process of raising venture funding generally goes something like this. Depending on the stage you're at, your experience and reputation, and connections some of these steps can be skipped:

  1. The Introduction: You get introduced to a firm through a former entrepreneur they've invested in, an investor they've worked with in the past, a trusted attorney they know, or at a Venture Conference.
  2. The Initial Review: An associate at the firm reviews your executive summary and gives a cursory look at your full plan and projections and if interested, schedules a call with you. It helps if you already have existing revenue or have had a previous successful venture.
  3. The First Call: You speak with the associate by phone about what you are doing.
  4. The Partner Discussion: If the associate likes what you are doing, he or she speaks to a partner at the firm about the opportunity.
  5. The First Meeting: If you can get the interest of a partner, they will invite you to their offices to meet you, or meet at your office if you have an office, depending on their level of interest and your location. During this first meeting you will generally discuss your:
    1. Background and Experience
    2. Team Makeup
    3. Competition
    4. Product Differentiation
    5. Market Size
    6. Funding Needs

(Read the Rest of the Steps and the Rest of this Article Here....)
The Bamboo Bike Project
Bamboo Bike Project

This month Zeromillion recognizes the Bamboo Bike Project.

This project is a partnership between The Earth Institute at Columbia University and Calfee Designs that aims to facilitate a local bicycle building industry in Africa.

The site documents the project's trip to Ghana to build a bike out of locally sourced supplies. They were successful and they're making progress towards helping African's jumpstart a local bicycle industry.

To learn more or get involved visit bamboobike.org

Public Speaking for Scaredy Cats
By Dr. Robert J. Lahm

Business communications researchers have studied the phenomenon of stage fright experienced by would-be public speakers. Let me summarize most of the findings in very down-to-earth terms: Most people would rather die than stand up before an audience and deliver a speech.

To suggest that these individuals are as "nervous as a long-tailed cat in a room full of rocking chairs" may be something of an understatement in describing these public speaking "scaredy cats." The symptoms are similar to food poisoning: a queasy feeling in the pit of one's stomach, shakes and jitters, and a sincere desire to roll up into a fetal position.

As a public speaker and one who has provided instruction to others to help them develop their own skills, I have found that certain approaches work. Other approaches "look good in theory," but are not as helpful. One of the oft-repeated suggestions for overcoming stage fright includes the classic advice, "imagine everyone else is naked." However, it is rare that everyone else is naked, upon the speaker's arrival to the podium and as he or she surveys the audience. In fact, I have spoken extensively, and I have yet to spot even one naked audience member I do think I would have noticed.

 

(Read the Rest of this Article Here....)
When Do I Need To Hire A Business Plan Consultant

Every new business owner knows that a business plan is critical, it is drilled into them by potential investors and every banking officer they meet. So why is something that is so important to the launch of a new venture so difficult to write? Good question! In this article I will try to address when you should go out and hire a business plan writer versus taking on the task yourself. First time entrepreneurs often cringe when sitting down to write their business plan. Some spend 6 months agonizing over each period and comma, and even worse others spend 6 months procrastinating and do nothing. So lets break it down and see where / when a business planning company should be brought in:

Continue Reading this Article at ZeroMillion.com...

Why Every Student Should Start a Business

9 reasons to abandon your fear of start-up and launch a business today

With the economic downturn, students in all the major business schools have been dropping out of their entrepreneurship classes and transferring back to classes where they think they have a secure future. Students and professionals who were once planning to start businesses now have decided to go back to their cushy jobs. Everything is going back to normal. Or at least that is how it looks. Below are nine reasons why any student should start a business:

Continue Reading this Article at ZeroMillion.com...

Connect With Ryan

Do you have a Facebook account? If so, Ryan's on Facebook too. Just look up Ryan Allis (the one at UNC-Chapel Hill). Send Ryan a message or a friend request.

Ryan also uses LinkedIn. If you want to connect to Ryan on Linked in just look him up and send a connection request to allisr [at] broadwick.com.

Don't have Facebook or LinkedIn but still want to ask Ryan a question? Feel free to email Ryan at allisr [at] icontact.com. Thank you!

Closing Notes

This concludes issue thirty-five of The Entrepreneurship Chronicle. If you are not subscribed and would like to subscribe, please visit http://www.zeromillion.com. If you would like to contribute content, become involved with the zeromillion.com team, make suggestions, or provide feedback please feel free to contact us at info [at] virante.com.

This newsletter is published by www.zeromillion.com with support from the Entrepreneurs' Coalition. The newsletter is sent using the iContact email marketing software.

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