You have a
great idea for a business, but you don’t have any money to start it up is a
common experience. So not having capital is no excuse and it’s not a limitation
in starting a business. If you are confident that you have an idea (a product
or service people want), don’t allow the lack of capital to deter you from your
business goals. By pivoting, grinding it out, relationship, getting creative
and differentiating yourself, you can boost strap your way to a successful
- Pivot :Use service-oriented business
is easy: First you provide services, and then you collect funds. But a product
–based business often requires significant up-front capital to get it up and
running. If you’re in this situation, consider selling services to generate
cash flow and to build up funds for a product-based business.
- Grind it out – There’s no substitute
for sweat equity- You have to get into the trenches and make it happen. Believe
in your service be hell bent in making it happen. Hard work eventually paid
- Partnership – Promote other people
business in the line of your business interest Be engaged in freelance marketing.
Go to manufacturer of the product or service in line with your business idea or
dream. Commit your reliability,
competency and integrity to market their products or services on commission
bases, while you work on yourself in relation to the business and also raise
capital to start and stand on your own.
- Get Creative – create something new
to help other business while doing that you are on your way becoming mastery of
- Relationship – Develop relationship
with people in the industry of your interest so as to to enjoy unlimited
support in terms of guaranteed supplies.
- Develop an excellent business plan to attract
venture capitalist that will be ready to invest in your business idea.
You are already on your way to becoming an entrepreneur. Good Luck
Written By: Gift Adene
Instagram : @giftadene
Twitter : @adene_gift