Where to start your business, if there is no experience and money? This question excites almost everyone. A business has great advantages over self-employed. It gives completely different opportunities: social status, comfortable housing, private vehicle, trips abroad, charity and much more. However, there are also disadvantages in it: risks, competition, bankruptcy. Nevertheless, now more and more people are appearing who are ready to take risks for the sake of benefits and new prospects. The only thing that stops many at the initial stage is the lack of knowledge, experience and money. Conversely, an idea, an understanding of where to start your business, helps to get off the ground and begin the path to success.
What you need to know
To understand where to start your business, it is not necessary to study a ton of literature, to undergo countless trainings. It is only necessary:
- First: to determine a niche (which does not have to be new, but preferably close in spirit). For example, you like to dress beautifully and fashionably. Then the business may be a store, boutique or clothing counter for: office workers, business women, club regulars. You can choose any niche, if only you understood something in it.
- Secondly: Thoroughly consider what might help or hinder the business. Think about who your potential client is, how he will find out about you, is it convenient for him to serve you. Are there any competitors in your territory? How will you be different? For example, recently taxi drivers (not a completely new field) have a new service called “drunk driver”. It consists in the fact that two drivers arrive in the car, one of which takes the drunk client in his car, and the second goes after him and picks up the first after the service is provided.
- Third: understand how important organization personal time and employee time. Not a single business suffers laziness and disorganization. Where to start here is to work out their weaknesses. People who will eventually work for you should feel that you know and understand what you can demand from them. And this understanding comes when you improve your business skills.
- Fourth: knowing where to start a business is not enough to open a business. Need to act!
How to get experience
There are two ways: to work a little as an assistant (or employee) in the chosen field or to go to distributors of MLM companies. Both that, and another will give a complete picture of doing business. So you will understand where the pitfalls lurk, what you can actually expect and, in the end, it will be easier for you to decide where to start your business. If there are any clamps, then thematic trainings, often provided by developing companies for free or for a fee, will help to get rid of them. Thus, you save time, money and save your nerves.
Where to get money to start
To the question of how to start a business without money, there is a simple and merciless answer - no way! Even if you start with the service sector, you will have to invest a little money in your appearance and health. You should look if not stunning, then at least more or less presentable. Otherwise, how can you convince potential partners to entrust you with the business? Even the telephone and the Internet - the first helpers in their field - need money. Where to get them?
- Borrow from acquaintances, friends or relatives.
- Sell something from the inheritance (car, apartment, German piano, cottage).
- Accumulate for 5 years, working on 3 jobs.
- Work in an MLM company (there, on average, they pay 10% of the commission on the turnover generated by the distributors you invited).
- Take a loan. Although this is the worst option, as there is a risk of not repelling money on time. In addition, debt obligations do not contribute to positive thinking and personal effectiveness. In any case, you need to calculate the business plan well and come up with ways to retreat in case of failure (for example, to part with a suburban 2-story mansion).
As you know, it all depends on the scope of the activity. Sometimes a presentable appearance and a pleasant voice are enough to organize a huge event (for example, invite people to a millionaire’s training) and get several tens of thousands of commissions. You can also organize a development company and earn billions without investing your money. All in your hands! Act!