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Entrepreneur's Corner

Dear Entrepreneur, Here Is How To Build A Business From Scratch And Get Paid

BY Getrude Mathayo · March 8, 2022 04:03 pm

KEY POINTS

If you’re starting a business from scratch with no money, then you’re probably pretty creative and clever. Use that creativity in your research to find what best suits your needs and budget.

KEY TAKEAWAYS

Validating your idea is the most essential part, particularly when starting with no money. Many startups fail because they build something no one is interested in.

Everyone wants to start a business, coming up with a business idea and starting a business can seem overwhelming and complicated. There are so many things you have to consider from coming up with an excellent idea to registering a company, all the way to business planning, fundraising, and much more.

Like other successful businesses, you’ll want to make sure you have a good idea first. From there, you can build a product or service that solves a need for consumers. But before you jump into anything, you’ll want to make sure you do your research

Validating your idea is the most essential part, particularly when starting with no money. Many startups fail because they build something no one is interested in. That’s what you need to avoid at all costs. If you aren’t sure where to start, reach out to other businesses and entrepreneurs.

When starting a business, you will probably need many tools to build it and sell it. But you don’t have a huge budget to pay for them, so a great solution is to find free alternatives.

If you’re starting a business from scratch with no money, then you’re probably pretty creative and clever. Use that creativity in your research to find what best suits your needs and budget.

Coming with a great idea is essential in order to start a business without money. You need to know exactly what your idea is and how much you are going to need to start things up. Don’t just go out and get a huge loan; you might not need it.

Your idea should be refined; it should be specific and clear. What I mean is, test it out and get feedback.

  1. Prioritize your health, you have only one version of your body.

  2. When doing something, don’t expect two results, success or failure. Expect winning only because your subconscious follows your thinking.

  3. There is no downside to learning a profitable skill.

  4. Don’t wait for a perfect opportunity to fall on your lap. Create your reality.

  5. Don’t follow a course blindly, if something doesn’t work, take a step back and find what works for you.

  6. Choose a direction and make sure you surround yourself with the right people who are strong in your areas of weakness.

  7. Learn to shut up and listen. That’s how you win people and friends

  8. Consistently endure more pain doing things people are afraid of doing. The greater the risk, the higher the reward.

  9. Don’t be afraid of rejection, “no” is just the beginning of a conversation.

  10. Focus on what matters, everything else falls to place

  11. Be unique, be original even if people are fake. You will always win

  12. Everything will not go according to plan, always be ready to pivot.

  13. Play with your strengths because an expert in one field doesn’t translate to others.

  14. You might have all the right ideas but if you don’t have a plan, they might not work

  15. Leave your comfort zone and start being uncomfortable, that’s how you grow.

  16. Ask the right questions and you’ll have the right answers

  17. Never stop experimenting because it’s how you discover what you are capable of.

  18. If you want to build something worthwhile, be ready to be criticized.

  19. In anything, leave your selfish tendencies or you will always lose

  20. Do not regret tried something and it didn’t work. Regret never trying

  21. Patience pays and being patient with your business will take you heights you never imagined.

  22. Nobody believes your excuses, no matter how good you give them

  23. You will experience setbacks when building your dream, but they’re constants.

  24. Don’t seek validation, seek to become the best version of yourself. People will love you that way.

Read More: Survival, Resilience, And Renewal Strategies for MSMEs

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