Three Fields, Three Rings, Troika

This is probably the thorniest issue facing all entrepreneurs during an inflexion phase in their business’s life.   Do I borrow from credit cards? Do I seek seed capital from family and friends? Do I go to angel investors or VC firms? Do I simply give up?

It all depends on nature of your business and what your goals are.  Some have found success by borrowing from credit cards (as one friend of my friend spectacularly successfully has done).  Some went to their immediate and extended family members, and also partnered up with their friends.  Some were lucky and received financing from banks or VC.  My advice is, if your business is still struggling to pay its monthly bills while working hard to generate sufficient revenue - focus on increasing revenue. The goal is to make the business self-sufficient, i.e. able to cover monthly bills itself, without resorting to your monthly cash infusions.  Once the business is just that, able to cover its own bills itself, only then you can dream of expanding the business. Like people say, it’s step by step process.

Good luck!

Admit it, you’ve thought about it. Start your own thing and quit your job! Sounds easy? Sure. First you got to come up with the idea. Then you got to come up with implementation plan. And let me tell you, the idea is just 1% of the whole thing. Anyone can have an idea. But can anyone implement it? This is what separates winners from losers, the cream from the cake, success from failure.   Needless to say, this has been my lifelong dream, and I will pursue this dream whatever it takes.  I look at my past experiences and present experience and I view it all as a learning curve.  I am learning what to do and what not to do.  I am learning what I can apply from my schooling, and what I cannot.  I am learning what works at small companies, and what does not, and why.  Likewise for big companies. So far so good.

 2007 is going to be a very interesting year.  At least I hope so!

Hello all! Writing my first blog today. This blog will discuss the three areas that are of most interest to me - law, high technology, and biotech.  Hence the name for this blog! It’s incredible to be living at this moment and witness the merging of these three fields.  I look forward to conducting research on all these three fields and reporting the news, my thoughts, and analysis of what goes on in each and all of these fields.