His story is as inspiring and motivational as any - a curious 19 year-old dismantling computers in his dorm room instead of investigating all that college night life had to offer is now the leader of the company that has changed the way we think about computers.
Inc. has Michael Dell quoted back in 2002 saying, "the worst thing you could do to a new business is to give it too much capital." An interesting thought considering most entrepreneurs are continually struggling to garner funding to secure their start-ups future.
But could there also be advantages to being, as the article calls it, a lean operation?
Companies with funding challenges are sometimes forced to find creative means of accomplishing objectives which can often lead to innovation or breakthroughs that help streamlines processes making a company run more efficiently. Thus, giving the organization a leg up on competition and opening up new doors.
These challenges could lead to rethinking operations, outsourced bookkeeping, conducting more market research or forecasting possibly even writing a completely new business plan or brand marketing strategy that will shake up strategies that already exist, positioning the company for success in a changed market.
One huge advantage new companies have is they are in a position to observe what competition is already doing and take a different, more advanced approach, "attacking" the competition if you will. In being new, your operation is poised for an element of surprise and has an advantage.
Yes, this is a risky time to be opening up shop. But take a look at history, some of our country's most successful operations were started in times of economic turmoil. Entrepreneurs got creative, thinking of means to solve current issues across several industries, fill a need no one else had. It may be the most challenging time to do so, but it is in that challenge that true break through and ultimately, success, awaits.
Inc. has Michael Dell quoted back in 2002 saying, "the worst thing you could do to a new business is to give it too much capital." An interesting thought considering most entrepreneurs are continually struggling to garner funding to secure their start-ups future.
But could there also be advantages to being, as the article calls it, a lean operation?
Companies with funding challenges are sometimes forced to find creative means of accomplishing objectives which can often lead to innovation or breakthroughs that help streamlines processes making a company run more efficiently. Thus, giving the organization a leg up on competition and opening up new doors.
These challenges could lead to rethinking operations, outsourced bookkeeping, conducting more market research or forecasting possibly even writing a completely new business plan or brand marketing strategy that will shake up strategies that already exist, positioning the company for success in a changed market.
One huge advantage new companies have is they are in a position to observe what competition is already doing and take a different, more advanced approach, "attacking" the competition if you will. In being new, your operation is poised for an element of surprise and has an advantage.
Yes, this is a risky time to be opening up shop. But take a look at history, some of our country's most successful operations were started in times of economic turmoil. Entrepreneurs got creative, thinking of means to solve current issues across several industries, fill a need no one else had. It may be the most challenging time to do so, but it is in that challenge that true break through and ultimately, success, awaits.
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