Categories
Small Business Funding

Commission urges Maine to prepare for severe winter storms [Video]

HALLOWELL — During last December’s storm, after the Kennebec River submerged the basement and rose three feet high in the first-floor shops, the surging flood waters lifted Rich and Barb Friscia’s four-story commercial building off its Water Street foundation.

The building didn’t float far, but the structural damage caused when the building fell back down caused engineers to worry the building could collapse and left the Friscias facing more than $200,000 in repairs.

“My wife and I bought the place in 2020 for retirement income,” said Rich Friscia, now 70, of Bridgton. “Because of the flood, we were facing possible bankruptcy. But we got lucky. With insurance, a state grant and a lot of help, we’re going to survive this, and we’ll be ready for the next one.”

Friscia gave a tour of his renovated basement on Tuesday to members of the Maine Infrastructure Rebuilding and Resilience Commissionbefore it released its first report on how …

Watch/Read More
Categories
Small Business Funding

New Year's Resolution Bootstrap a Startup with a Paycheck and 1Mby1M [Video]

We are in 2025. Hundreds of thousands of tech businesses have already been built successfully. Let's learn from those who have come before us. Girish Navani started eClinicalWorks, a healthcare IT venture by bootstrapping with a paycheck. Girish scaled to over $500M in revenue. Since 2006, I have spent thousands of hours interviewing successful entrepreneurs. Listening. Asking questions. Understanding. Extrapolating. Learning about their mistakes. Capturing their lessons from the trenches. I encapsulated their anecdotal knowledge into Methodology. I have been running One Million by One Million (1Mby1M) since 2010. Our unwavering mission has been to democratize entrepreneurship education, incubation and acceleration. What is Core Startup Methodology? Bootstrapping. Positioning. Market Sizing. Customer Validation. Customer Acquisition. Financing. Team Building. We have to learn Domain Specific nuances. We call them Electives. Artificial Intelligence. Machine