Friday, December 23, 2022 –Business ideas are plenty and rare at the same time and that is the reason some people find it hard to get a single idea to start a business from.
On the other hand, some lucky ones have so many floating ideas but, sadly, just a handful in the room can put the foot to the pedal.
Basically, having a good business idea cannot be the magic solution for your business ambitions, it is just half of the battle; and the remaining half comes from money.
Almost every new entrepreneur will always give an excuse of money being an impediment to their idea; but the reality of this matter is that without entrepreneurial mindset, you won’t be able to do anything even if you are bombarded with all bank accounts in the world.
Moreover, you will also have to be patient, hard work and strategy, creativity and willingness to risk at some point because business is full of uncertainties.
Now that said, so how can one start his or her venture without or with little money? Nothing is enough. Those who wait to have enough capital never start anything. They realize they squandered their only opportunity when the little they had is gone to other things.
And to make money online, therefore you will require to find an idea for the business, plan for it, find a good name that can keep you happy building on, launch marketing avenues like websites, Facebook and Twitter, find your first client and see how he reacts on your product then quickly fix any mistake, then start using the little money paid to you to grow your idea into a big business.
Ideas that border on selling services are the best when it comes to starting a business without or with little capital.
Leverage your skill to become a better service provider to those in need. Just start a business that can help solve peoples’ problems because people have money and they pay for what they cannot produce for themselves.
Did you know that money resides in lazy, busy, sick and proud people. They have free money which you can take from them anytime you want. For example, a lazy person will not wake up early to work for him or herself, why not work for him or her; same thing happens with busy, sick and proud persons.
Providing a service they cannot provide for themselves pays well because whatever amount they pay you to work for them is profit – you do not have to deduct expenses. In business, this is called net profit and that is why Lawyers are rich. You have definitely never heard of a lawyer making losses!
The point here is start with whatever little you have. Little in terms of experience, knowledge, skills, and resources. When you have no money, these are the best things to start your career from first.
Then last but not least, when investing, always remember that your sole goal is to earn profits. Warren Buffett famously once said, “The first rule of an investment is don’t lose money. And the second rule of an investment is don’t forget the first rule.
All these can only be possible when you have natural discipline.