Short on money and ideas? Here are some ways you can still start a business
For some people, the idea of setting up their own business is a clear one. They will have an idea, they will have a plan, and they will have a bit of financial backing behind them. For other people, there is a distinct lack of all of these things. All they have is a desire to work for themselves and set up their own business.
The chances are that the first set of people will find their feet quickly, but does that mean that the second group of people have no chance? Not at all! If you have the passion and drive to succeed, then you will get there, you may just need a helping hand or two!
To help those who are short on ideas and short on cash, we have put together some of our top tips on how you can still set up your business and achieve your dream.
Find an idea that is likely to work
You may think that you have no idea on where to start, but if you sit down and make a list of some of the ways that you think you could make money, you are likely to find that you have plenty. If you want to take a serious approach to this stage of planning, why not create a spreadsheet comparing just how much each idea is likely to cost starting up, and how much money you could possibly make from it in the long run. That way you can see which idea is going to be worth your while following up on.
Focus on the can do not the can’t do
There are going to be aspects of setting up and running a business that you are going to struggle with, especially if you are new to the game. Rather than getting hung up on these, you should really think about the things that you are awesome at. Focus on those bits that you can do, and find yourself an expert in the things that you can’t do. In no time at all, you will have everything that you need in place.
Don’t be afraid to get yourself out there
Once you have set up those initial parts of your business, it is time to get promoting. This can be a really daunting part of getting yourself off the ground, especially if you still feel that you have a lot to learn. Social media is a great way to promote your brand, not only does it have a wide reach, but it is also free in most parts, meaning that you can get your name out there and gain some customers too.
So, there you have it. Just because you are not sure where to start with your business, that doesn’t mean that you have to give up on your dream. Some of the most successful businesses out there started from absolutely nothing, and we are sure that you can become another one of those success stories.
Listening in to podcast episode 9 raising money for your startup and episode 7 5 signs you are ready to start a business