What actually kills undercapitalised businesses: I Want to Start a Business but I Don't Have Money.

Carlos Slim built one of the largest fortunes on earth partly on watching this clock, and he once told the Mexican government its own payment cycle was the problem, that it should stop paying suppliers every two months and start paying every two weeks. He also wrote something in 1994 that belongs at the top of your page. Money that leaves the company evaporates, he said, and that is why we reinvest the profits.

From chapter 6: The float: how to get paid before you pay

You opened this book believing you needed money. You don't, and ten chapters of evidence say so. What you need is a customer who pays, an inventory of what you already have, a price that reflects what the thing is worth, a gap between collecting and paying, and a number on a page telling you how long you have.

From chapter 11: How many days you have left

That is how the book looks at “what actually kills undercapitalised businesses”: one idea at a time, with a step you can take right away. Of course, this is only one idea from the book. So, if this passage speaks to you, the full chapter goes further, and it ends with an exercise you can do the same evening.

In short, the book has 11 chapters, and each one ends with a practical exercise. Therefore, you can read it in order, or you can go straight to the part about “what actually kills undercapitalised businesses”.

1. The data that destroys the "need money" myth
2. What actually kills undercapitalised businesses
3. The bird in hand: you already have what you need
4. Customers are better investors than vcs
5. The first dollar
6. The float: how to get paid before you pay
7. Why you will price too low
8. The service to product pivot
9. Money you did not know existed
10. The growth loop
11. How many days you have left

Finally, you can get I Want to Start a Business but I Don't Have Money in the stores below. Because every title of this book shares the same text, you can simply pick the one you like best. Also, the book is available in 19 languages.

In addition, each title below highlights a different idea from the same book. So, pick the one that speaks to you.

• The Float: How to Get Paid Before You Pay: Get Paid Before You Spend a Cent
• Why You Will Price Too Low: Get Paid Before You Spend a Cent
• The Service to Product Pivot: Get Paid Before You Spend a Cent
• Money You Did Not Know Existed: Get Paid Before You Spend a Cent
• The Growth Loop: Get Paid Before You Spend a Cent
• How Many Days You Have Left: Get Paid Before You Spend a Cent
• The Data That Destroys the "Need Money" Myth: I Want to Start a Business but I Don't Have Money
• Get Paid Before You Spend a Cent: I Want to Start a Business but I Don't Have Money
• I Want to Start a Business but I Don't Have Money: Get Paid Before You Spend a Cent
• What Actually Kills Undercapitalised Businesses: I Want to Start a Business but I Don't Have Money

See all 19 titles. Go to the book page.