A lot of aspiring entrepreneurs are stuck in their ideas which they have so much confidence in. Research and financial projections makes the project looks so promising but practically start-up capital seems to be the major hurdle in getting started. Fund raising methods such as borrowing from friends, seeking loans from banks or looking for individuals to invest in the business are not bringing in any positive results. It is time to get out of the comfort zone, think outside the box and go that extra mile to work and save for the big idea.
What is often referred to as starting small, is not actually small at all. Starting small is starting with something within your reach even if it is not in line with the big Idea. We often fail to start from nothing because we do not want to be seen at the bottom but sometimes that is what it takes to get started. Unveil the art of working and saving for your idea.
The journey of entrepreneurship comes in phases. Billionaires such as Warren Buffet had to start as newspaper delivery agents.You can start with backyard farming and slowly grow the project and explore other opportunities. You can try selling outside your home starting with airtime and vegetables then bring in other stock as revenue comes in. How about street vending in town? How about buying meat in bulk such as fish and chicken, then resell in small packages in your suburb.
If you were part of the intelligent students in high school you can explore in the private educational sector by offering some private lessons to students either virtually or physically and save for the big idea.How about typing services in your suburb or fixing cellphones and computer software problems? that is what most of the millennials are best at these days or rather consult YouTube.
Most of these ideas can be profitable from the word go and require less or no start-up capital hence survival is guaranteed in the business. However in business you have to master the art of saving and reinvesting for you to reach the main goal.Whilst managing other hustles, you can channel some of the profits to the big idea for it to get started. Profits from the side hustles, fund and supports the big idea till it turns cash flow positive. That’s the way to work and save for your big idea.
Embrace the inner entrepreneurship in you and never hesitate to start from the bottom.You may sometimes fail but stay determined and work for the big idea.