Skip to main content

How much money do I need to start a business

Doing business is truly great job. But starting a business need 3 resources.
1. Money
2. Mind
3. Mass
Of these money is most important. But hold a minute, this article is about starting a business with no money.
You have an skill and you sell it to someone for few bucks. It's not wrong. But point is, many people need your skill if you sell it to many you can get more few bucks and further more bucks.

Everyone want to do this but many hold the idea back in hope of, perhaps next year will be good, by then I will save more to invest in business. Often many found themself at the same spot after one year, then next year and then next.
Idea of setting an office is really cool. It is truly wonderful when your accounts report you last quarter profits. But to reach to that point you need resources.
If you have an idea of doing business in mind do not hold back.
You don't need money at all to start a business.
You are the best salesperson for your skills. No one else can sale better than you.
Start small, take very first step. Reach out to your potential customers. Offer them your service for a price. Your price could be zero for first customer, your earning could be zero from first customer. But your goal is to get first satisfied customer. When you achieve this goal you will build a sense of confidence. Next you will promote your service in much better way.
And when there are takers money will flow in automatically.
A satisfied client will give you positive reviews and perhaps some references too. If not then too you have one completed work under your belt to showcase in your business portfolio.
Starting small has many benefits:
1. Learning customer psychology
2. No monetary losses
3. Strong network in your market
4. High level of confidence building
5. True knowledge of what customer want
6. Better personal branding
7. Less expenses on advertising when you expand
Do not leave your job for starting business. Indeed first use leverage of available time out of job to get the first client.
First gather momentum in business. Reach to an earning threshold equivalent to your monthly expenses. Then give a relook to whether you need to resign from day job.
If you are starting this way, ideal time to resign from day job is when you have funds for atleast 3 or 6 months expenses in your bank. The more the better.
Going this way is pretty tough, it's very small when you want to share dinner table with Warren Buffet.
But
Small things are made big with right efforts.

Comments

Popular posts from this blog

SEO or Audience???

Study competitor keywords to win the SEO is most popular myth on the Internet. It could be one technique to win over your competitor but not the whole strategy. SEO market is full of keyword, many of the companies miserably fail in audience research. The noise around Keyword research is so loud that business managers missed out on the main thing; i.e. what users want?
I am not against keyword research, many companies win the SERPs game by focusing on SEO keywords but fail in generating sales.They feel appearing on top of searches will win the customers. However, true SEO is, study of audience needs and then working those pain points.
To know what your audience wants, reach them and ask. Understand your customers pain points. Then address those issues, make the SEO points your title keywords, meta description, keywords and tags
Time have changed now. Today audience get everything without asking. Google search is still good business in inventory but I doubt if this is equally good as 1…

List of 50k stupid passwords

iloveu
Is this your secret word to check email?
Well, hackers will love you. You are a sweet person to them. They can open your email, read all your information, access your phone, check your bank details and even your social security account. They will love you a lot.
You will never know how many lovers you have out there in the world till one morning your smartphone will stop working, your bank account will be empty and what not?
Consequences of chosing an easy to cracj password may be huge. You may loss all your savings. Chose your password wisely.
To help you stay safe Mozilla has released List of 50000 Common Password; all a set of 8 characters.
The accounts using these passwords are already exposed. So you do not get trapped and take a better password here is:
List of 50000 Common Passwords you should never use

Stay Safe
Never share your password with anyoneTake a strong passwordA strong password is which only you knowPassword should be in your head onlyA strong password is combinat…

Get Datally: Save Data & Money Both

Taking control of three things is extremely difficult specially to those who are habitual of grinding smartphone screen; 1. Time 2. Data and 3. Battery. Data will be costly in coming days, sooner or later, but this will happen. There shall be campaign to save data same like today there are campaign to save water, electricity and food.