How to start a business with no money or low investment?
We have heard many people saying that they knew everything about building a successful business, but they lack money and this is the major reason behind that they haven’t started a business. But the fact is that you don’t need millions to start a business.
These might be some criteria that restrict you:
1. INTERESTED IN DOING BUSINESS, BUT NO/LESS EXPERIENCE
2. HAVE A PASSION TOWARDS THE BUSINESS BUT DOESN’T KNOW TO START
3. HAVE LESS MONEY TO INVEST
4. SMALL TEAM OR VERY FEW MEMBERS
5. NO SPECIAL TALENT OR SKILL
To Start a business:
1. Know the basics of business:
Whether you are creating a product or providing a service to your customer. If it is a product, we must choose quality over quantity. If it is a service, we must promote the value of your business. Nowadays, technology has improved and people are buying/selling with ease. Grow as your environment grows.
2. Find your intersection point
I request you to take a pen and a paper. Draw two big circles intersecting each other like a set. On the left circle, write the things you are most familiar with or things that excite you. It might be your passion or interest. On the right circle, list down the things connecting to your interest circle, which people really care about.
3. Passion to Skill Conversion
Passion can’t make money. To make money, convert it to a skill. Cristiano Ronaldo has passion towards Football, but coherent practice turned out to be a skill. He showed up his skill and now a Superstar in Football.
4. Add Value to your customers
Increase the worth of your product/service to the customers. Provide more value and make believe the customers that you are the best and significant one.
MORE VALUE=MORE SUCCESS
To have a ever — winning successful business, always remember to create a business to provide solutions to problems of customers. Unless you identify this, you can never be a master in business.
Some master solutions to problems are:
5. Know the difference between features and benefits
Feature is a statement about a product or service, as to what it does.
Benefits are the end result of what the product or service can accomplish for the buyer or user.
