Starting a Startup with Rob Nicholson

Rob was awesome this week. If you weren’t able to attend you missed out on a highly energetic talk and simulation of what it’s like to start a business from virtually nothing!

To be your own boss, it helps to know a little bit about how you get to that point. Rob took us on a little role-play adventure, explaining the process of assigning your company a certain status (LLC or C Corporation etc.) and the ins and outs of hiring a lawyer for help with that. He also explained the difference between Venture Capitalists (investors with a lot of cash), Bankers (bureaucrats from whom you borrow money, to be paid back at a later date), and Angel Investors (financiers who might ask for a stake in your company or just expect a return on their investment).

“Now, now,” he cautioned, “not everyone might support you in your venture.” Chad the Dad certainly had his doubts about his daughter’s ambitions  to start her company. However, if it’s something you’re passionate about, there’s [almost] always a way to make your dreams and plans come to fruition. Most importantly though, you should never be afraid of asking for help. Hard work, a dedicated team, and innovation tend to be rewarded with success of some sort.

Make sure to follow Rob on Twitter! @rjncarpediem

Mike is the President of the BBC and is the cofounder of a software company providing catering management solutions.

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