Resilient Book Summary - Resilient Book explained in key points
Listen to the Intro
00:00

Resilient summary

Sevetri Wilson

How to Overcome Anything and Build a Million Dollar Business With or Without Capital

4.2 (75 ratings)
23 mins
Table of Contents

    Resilient
    summarized in 8 key ideas

    Audio & text in the Blinkist app
    Key idea 1 of 8

    You can successfully build a company without investors.

    If you’re like most fledgling entrepreneurs, there’s probably one major thing on your mind – money. How much will you need to turn your amazing idea into an actual product or service? Where will you find the money? Media hype about startups who’ve landed millions from angel investors might make you think fundraising is the best option. But that’s not always the case. You have an alternative: bootstrapping

    Bootstrapping involves using the resources you already have – typically your own expertise and a small amount of your own money to cover initial costs. This is how author Sevetri Wilson grew her first company – Solid Ground Innovations – into a seven-figure business. And, depending on the type of business you want to start, bootstrapping might be the best option for you too.

    The key message here is: You can successfully build a company without investors.

    Bootstrapping founders get a number of perks that founders with investors miss out on. First off, they retain full control of their company. This means they can make their own decisions and don’t need to host regular board meetings with investors or report on outcomes.

    Bootstrapping founders also retain 100 percent ownership of their business. This is different from founders who need to share a percentage of their equity with investors. While having investors gives founders more cash up front, this will eventually need to be paid back in the form of dividends. Bootstrapping founders, on the other hand, get to keep all the profits.

    There are disadvantages to bootstrapping though. Limited cash can slow growth, and you’d be taking on the entire financial risk yourself. But if you don’t need much capital to set up your company, and you can start selling your product or service quickly, bootstrapping may be your best option.

    So, how do you decide which financing model to use? Begin by considering four questions: Will it be low-investment to start your company? Can you start your company without needing to hire anyone else? Is there a clear market for your product or service? Are you an absolute money management expert who can control any impulses to break your budget? 

    If you answered “yes” to each question, bootstrapping will work for you. 

    Want to see all full key ideas from Resilient?

    Key ideas in Resilient

    More knowledge in less time
    Read or listen
    Read or listen
    Get the key ideas from nonfiction bestsellers in minutes, not hours.
    Find your next read
    Find your next read
    Get book lists curated by experts and personalized recommendations.
    Shortcasts
    Shortcasts New
    We’ve teamed up with podcast creators to bring you key insights from podcasts.

    What is Resilient about?

    Resilient (2021) is an intimate account of entrepreneur Sevetri Wilson’s journey from self-funding her first company to securing ongoing capital for her second. It provides early-stage founders insight into every step of building a business – from initial concept to securing the finances needed to scale.

    Best quote from Resilient

    The holy grail for many businesses is predictable, repeatable, and scalable revenue. 

    —Sevetri Wilson
    example alt text

    Who should read Resilient?

    • Aspiring entrepreneurs
    • Innovators looking to turn their ideas into marketable solutions
    • Startup founders who need to raise capital

    About the Author

    Sevetri Wilson is a serial entrepreneur who started her first venture in her teens. She has founded two companies and is the first Black woman in New Orleans to have raised more than $1 million in venture capital. In 2010, Wilson received the Jefferson Award – what’s considered the Nobel Prize for public service – and she has been featured across news outlets for her work in business and technology.

    Categories with Resilient

    Books like Resilient

    People ❤️ Blinkist
    Sven O.

    It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.

    Thi Viet Quynh N.

    Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.

    Jonathan A.

    Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.

    Renee D.

    Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.

    People also liked

    Start growing with Blinkist now
    26 Million
    Downloads on all platforms
    4.7 Stars
    Average ratings on iOS and Google Play
    91%
    Of Blinkist members create a better reading habit*
    *Based on survey data from Blinkist customers
    Powerful ideas from top nonfiction

    Try Blinkist to get the key ideas from 5,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.

    Start your free trial