Sunday, May 5, 2013

Business Starting Your Startup idea Fund

Blazetrak has 50,000 registered users and feature commentary than 400 celebrities and experts.

Nate Casey and his business partners have a winning idea: a website that allows users according to the celebrity and professional leaders they admire. They have a name for their business - they have icons and Moguls are interested in participating. The only thing they did not have the money to develop the site.

Investors fail safe, Casey and Corey Stanford partners instead of opening a web consulting firm, Clariwebs, with the idea that they would use the profits from the business to pay for their true passion. After over a year of bootstrapping, they dissolved Clariwebs and launched Blazetrak (along with a third partner, Ronald Harrison), income from day one. Two years later, the site has about 50,000 registered users from 202 countries and features commentary than 400 celebrities and experts. We asked Casey about making the transition from the Blazetrak Clariwebs.

How much of the revenue Clariwebs' put Blazetrak?

That's not a lot of money. Since we are creating a culture of bootstrapping, it just ends being $ 10,000 or $ 15,000. We use our own internal team to do a lot of development work in Blazetrak. There's a lot of sweat went it.

How much time do you spend each business?

We're probably 70 percent of the project for Clariwebs. In the background, we are continually developing modules for Blazetrak. As we get closer to launch and got more interesting, the amount of time we spent Blazetrak increased. At the end of the term, we can 70 or 80 percent with Blazetrak.

Do you tell clients about new business?

We did - especially the ones that we have established a strong relationship with and be bound us to make decisions about their online business. Difficult, because you are trying to maintain health and business customers for a while in the back of your mind you think about collecting money for other things that you feel passionate about.

Any tips on starting a business to pay for the product launch?

If you are starting a company or make a special consultation to raise money for a bigger idea, you have 100 percent committed to the hands and why to do it. Companies that create or consulting work done to solicit funds can be a great temptation to start to make a lot of money. You totally satisfied. When we move fully into Blazetrak, when we started getting all these calls about potential job well if we still do Clariwebs. We are making $ 2,000 a month for our first Blazetrak and thought, "Wow - We project is $ 30,000 or $ 40,000 this month Clariwebs"

What is the greatest weakness of startup funding in this way?

It hurts to use your own money, especially if you prefer to spend on groceries. But why is good. You take a really smart on how it costs. You said, "We really need to buy the software solutions." And then you say, "Is this right we can find a cheaper version? Can we build it ourselves? "

You start doing a lot of research so you can spend less money or to learn the skills to save money in the long run. I know how to make our finance Clariwebs by reading books in QuickBooks. I use the skills that matter today.

We got so much not of Clariwebs to help us with Blazetrak. Operational matters, staff and the work we turned to Blazetrak. Value is not just money - we gain experience and relationships, as well.