I Have No Money To Start My Own Business! Does It Matter?
by Arturo F Munoz
(San Francisco Bay Area, California)
The Wall Street Journal says that you don't have to break the bank to start a business. The fact is you don't even need a bank to start a business.
Here's the story of 3 entrepreneurs who launched their own businesses - for less than $150.
There were 2 ground rules to achieve this:
I like these rules. It keeps the test not only real but genuinely hard to pass.
- The owners had either to pay themselves a salary or reinvest substantial profits into the business. That keeps the business going.
- The owners couldn't be experts in their fields, since the idea is truly to start a venture from scratch, as if you knew not exactly what you were doing.
What did the researchers discover?
"With creativity, commitment and resilience, an entrepreneur can turn even a small investment into an impressive business.
See? This is what I've been saying all along.
But, of course, you do
need to know what you're doing... And this is what I like to help you with!You can read these 3 inspiring, hands-on, real-as-life stories here.Keep in mind the importance that time horizons had on these 3 entrepreneurs. They started on a shoestring. But within 6 to 12 months all of them had achieved very narrowly defined objectives.
And so can you.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to What Is Your Time Horizon For Making Money?.