How much funding do you need to start your own business? This is not an era where only traditional business is valuable, today people are more interested in online business and why not, this is really an era of technology. Do you know Flipkart has started their business with only 5 lacs and today it is indeed a million dollar company so I will say they did a really great work in such a small span of time.
Yes it’s true, you are limited to a strict budget when you think about starting a business but that doesn’t mean that you don’t have any options. It is possible to start a business with very little money if you have the right combination of skills, work ethics and marketing knowhow.
So what to do?
To succeed in a business project especially in which you are excited about, just think carefully what skills you have and how these skills can help others.
Today you can make money online in so many ways like I am a stock trader and after 1 years of struggle now I make a decent amount of money just using my laptop and internet connection and I have started with only 15k. Now that’s really not a big amount of money when it comes to starting a business.
A friend of mine sells his art online from home. He use social network sites and connect with people across the globe. He own a website and display his art there and he really make a good money doing so. Now what do you think about his investment? Definitely not much.
These are just few examples, the key here is that you have to find your interest and skillset that how you can start a business online. And if you succeed in doing so, you will get success.
Do something you are passionate about, something which people come to you for help. It can be anything like design, raise social issues, writing, spreading education, hacking and so on.
People usually think that they need a flashy website to do business online, no you really don’t. All you need is a willingness to start a conversation. Your business doesn’t need to be perfect before launch just forget about perfection. Instead, embrace the pivot. Your first iteration of a business doesn’t have to be its final iteration.
You don’t really need to be an expert to start. Being an expert is great. It means you have knowledge about a narrow topic. You can often sell this knowledge for cold hard cash but being an expert will take lots of time. How about starting today and then spend years becoming an expert.
In the context of business, networking is typically defined as “interacting with other people to exchange information and develop contacts, especially to further one’s career.” It’s a pretty straight forward definition, and yes, networking can yield many benefits. The typical approach to networking consists of attending conferences or events in your industry, delivering your “elevator pitch” to everyone you meet. You should rather focus on building strong relationships
Regardless of which industry you’re in, there will likely be other people who are ahead of you and who you consider to be more successful than yourself. You should always try to learn from them. But never try to be them. You are a different person you should always be creative with your ideas and business.
You should always praise yourself and set big goals not because of what you will get when you achieve the goal, but for what it will make of you in the process. The person you become as you achieve your goals is more valuable than the goal itself.
“EVERYONE HAS AN IDEA, BUT IT’S REALLY ABOUT EXECUTING THE IDEA AND ATTRACTING OTHER PEOPLE TO WORK ON THE IDEA” – Jack Dorsey
BY- RACHAT GAUTAM
Rachat is a student at SSCBS, DU. The views expressed are based upon the analysis and research that the writer did on the topic from various books, reports and web articles. The writer regularly writes for Corporate Monks as a research associate. The writer takes personal responsibility for the ownership of the content shared and incase some sources have not been given credit, you can directly mail the writer email@example.com