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Thread: How to start a business with no support

  1. #11

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    I will say save some cash first to pay your bills. When the saved enough cash then go on and start your business.

  2. #12

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    That's a tricky place to be in with a lot to consider. I agree with the earliest posts; there are ways to save money as you start up a business. It can still be scary, and you should build up some savings (maybe via a second job for awhile), but it's doable. Don't feel like you have to get all of your materials or machinery new (depending on what your business is). Buy things secondhand from Goodwill, ebay, auctions. Ask for advice.
    Good luck!

  3. #13

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    Make sure the idea is a business idea and not just an idea. Ask questions - if no one has done it is there a demand? Have you spoken to potential customers? Will there be enough customers for it to be a viable long term business?

    Listen to the naysayers - ask them questions - what are they concerned about? Why are they concerned? Understand that your thinking is biased in one direction (confirmation, anchoring, overconfidence, etc) and theirs in another (negative).

  4. #14

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    I cannot stress this enough you need to sell a unique product.
    Chris
    Owner Cel Financial
    https://incometaxprepfillmore.com/

  5. #15

    Default How to start a business

    Hey, it's excellent that you have faith in yourself and your idea because it's essential. I don't have a lot of recommendations for you, but If I were you, I would read different information about other business owners. How did they start, whose support had, and what mistakes made? foxtrotgroup.com.ua/en/about/board_of_founders.html will give some info about two friends, which co-founded a successful business. I hope it'll be helpful.

  6. #16

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    You can always get the support and resources you might need from an accelerator. These are created in order for you to get the support and resources you need. I currently work for one and have seen many young companies that join succeed in their venture. You can find more information on our accelerator here: http://valleyventures.org/

  7. #17

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    Your key is to start a business that offers a very unique product. You should market on social media.
    Chris
    Owner Cel Financial
    https://incometaxprepfillmore.com/

  8. #18

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  9. #19

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    Starting a business with an idea is a dangerous thing to do.Because starting a business is a very dangerous job, nine people are going to fail as an entrepreneur, and one person is going to fail.
    You see the success of Steve jobs, you see the success of mark zuckerberg, one of tens of thousands of people.Entrepreneurship can not be a person, need the help of partners.To start a company, you need to know corporate law, tax law, labor law.
    The expenses that the company needs to consider are rent, utilities, employees' salaries, all the income of the company needs to be solved first, and then the rest needs to be considered for the development of the company.How much money is left?
    I am now 32 years old, I started business with my friends twice, one of which was to open a restaurant and one of which was to sell jewelry, both of which failed. Now I have a studio with my brother,mainly product design and processing, we had more problems than we expected,I feel like I'm going to fail this time.Starting a business is very tough!

  10. #20
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    Quote Originally Posted by andy_ng View Post
    I am now 32 years old, I started business with my friends twice, one of which was to open a restaurant and one of which was to sell jewelry, both of which failed. Now I have a studio with my brother,mainly product design and processing, ...
    That's a very wide range of businesses. What was your thinking behind going into each and, if you don't mind sharing, what were the primary reasons they failed?

    Quote Originally Posted by andy_ng View Post
    ... we had more problems than we expected,I feel like I'm going to fail this time.Starting a business is very tough!
    If it was easy, everyone would be doing it successfully. There are always going to be problems; it's how you approach and solve them that will set you apart from your competition.
    Brad Miedema
    Fulcrum Saw & Tool

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