10 TIPS TO START A BUSINESS WITH LITTLE OR NO CAPITAL
In this new year, so many people have made resolutions to get more income for themselves. They plan on doing this either by getting employed or starting their own business. But then again, the biggest barrier to launching one's own business is "no capital." Although lack of finance is generally believed to cause problem in a business but always be aware of the fact that finance does not assure success. One main ingredient for business success is determination and perseverance. In this new year therefore, everyone who has made such resolution has a chance of being successful by the end of 2015. Here are few researched tips which when mixed with the said ingredients, will make for a successful business outbreak.
Let your business revolve around what you love to always do, and there should be a reason for wanting to do it. Try as well to tell people what you are doing so they can patronize you.
Write down a business plan as well as what you want to accomplish for the day. Try as much as possible to follow your plan accordingly.
Avoid unnecessary expenses, loans and debt. Draw a budget plan as well.
Take advantage of free advertising and marketing, such as blogging, social media, public speaking and networking.
Get ready to hustle. Try to sincerely help people you meet, and always be genuine with them.
Look and act like a professional. Do this by always listening to your clients. Good communication skills really does pay off, it will draw more people to you.
Take time to enhance and educate yourself. Make it a daily habit to become smarter or better in some way. Also remember that Persistence is more valuable than education.
Try to surround yourself with people who are smarter than you in your area of focus and ask for referrals. They can be always willing to help a genuine learner.
Remove yourself from negative people and influences. Always try to work harder and smarter than anyone else.
Review your actions on a monthly basis. Discover what you are doing right and strengthen those actions. Moreover, look at what is not working for you and change those immediately.