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.
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