Venture capitalists and angel investors may be key drivers to business growth, but a decade ago, $500 was the Midas touch for one business' success.
"I launched the business 10 years ago, literally out of my apartment; just had the idea, went on Google, made sure no one else was doing it here in South Florida," said Zalmi Duchman, 36, founder and CEO of Fresh Diet, in a CNBC interview.
Duchman "set up a website, incorporated, came home, went shopping, had three customers and delivered to their doors," he said. Fresh Diet, which delivers meal plans nationwide, has ballooned since then, and revenue hit $18 million last year.
For people who aspire to become entrepreneurs, the executive recommended taking action immediately.