There's a nice article in the March 2010 edition of US News and World Report titled, "Kick-Starting a Business of Your Own." The author describes 8 important steps that are important for anyone starting a new company:
- Find a mentor
- Do the prep work
- Write a business plan
- Line up sources of funding
- Purchase health insurance
- Hire an accountant
- Don't neglect retirement savings
- Accept what you can't have
When it comes to step #4 above, this is where many people get stuck. How do you find sources of funding for a new business venture?
- Savings
- Credit cards (use with caution!)
- Home equity loans
- Friends and relatives (use with extreme caution!)
- Banks and credit unions
- Angel investors and venture capital firms
So, are you ready to embark on a new adventure? I'm a bootstrapper (defined by Wikipedia as: to start a business without external help/capital). Perhaps you've been thinking about starting a new business. Would you call yourself an entrepreneur?
I am looking for an MD to invest seed money in my start-up in exchange for equity/partnership or a return on investment. We have A LOT of interest in this project with a great team. Our website is at http://www.mdidealab.com and our office is in Cambridge, MA.
ReplyDeleteThis opportunity would be perfect for an MD wishing to transition to Medical Informatics without retraining. Informatics is a very hot field right now.
If you would like to know more please contact me at drfitzmeyer@mdidealab.com. Serious inquiries only please.
Stephen Fitzmeyer, M.D.
MD Idea Lab, President and Founder
VA Boston Healthcare System, Advanced Medical Informatics Fellow