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Success Strategies

What Should Your Company Do When Its Funds Are Dwindling?

This founder says you should start thinking of creative compromises.
2 min read
Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Mars Discovery District talks with Ali Asaria, CEO and founder of Tulip, a company that specializes in building apps. 

The founder talks about how he traveled across the country and approached a list of 60 investors to raise money for his business. However, it became clear that Asaria was going to come up short on his targets -- in fact, he wouldn't even be able to pay employee salaries.

However, that failure helped lead him to a creative compromise with his engineering team, which eventually helped him create Tulip. That experience taught Asaria that a company is a sum of its parts, and that if its individual members are willing to work as a tribe, the company can become a much larger success. 

Click the video to hear more from Mars Discovery District and Ali Asaria.

Related: Why Canada's Unique Position Makes It a Great Starting Spot for Global Expansion

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