This urge is getting to the point where I think I'll just start something on a very small scale (this time the time-scale won't be small). According to my analysis and imagination on an initial level, I have arrived on a few tips for a person to start a new business, specifically speaking of those who are on a paycheck and don't have much finances to invest. I am the rookie of rookies in business, so it's pre-mature to list down the points now, but here I go, hoping to get some comments:
- You have to have a very vague starter vision
- Try a smooth transition from job to business. Setup the business in parallel to your job, don't quit your current job to start it
- Try to cover finances with knowledge & talent, try starting from something which doesn't need much financing
- Consider starting something from a very small scale, but which can be scaled lower or higher as the need arises e.g. service provider business
- Find references among your family, relatives, friends, colleagues, etc. who can guide you towards anything, ranging from advice to clientele to suppliers
Plus, you need to have the following positives to start something:
- Motivation
- Time Management
- You should have a thing about numbers
- Effective Communication Skills
- Thinking in terms of customers & finances
- Long term planning skills, yet having short term planning skills for bonus seasons/events
Have a look at Life without a paycheck, I've read it, so I assume anyone can read it :)
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