By Oluwaseun Taiwo
Money has been one of the greatest obstacles why most people cannot start their business or make their business idea a reality.
Quite a lot of people have brainstorm on every other business resources, which they could see themselves possessing but getting hinders them from starting is “Start-Up” capital.
Starting a business truly requires having money to pay your business bills; paying your shop rent, employees, cost of production, logistics, and even paying yourself. All of these bills needs having a separated capital to settle all those bills. Human resources, machine resources, business assets, maintenance of business tools and equipment. They all need proper financing.
So how do you now start your business without “No Money? Please ensure you read this content to the end, because the content will show you some limelight of how you can practically make your business idea a reality or start your business without getting loan from bank or going bankrupt.
Note: you are not learning any get-rich quick strategy or dubious strategies to start your business ensure you read to the end.
The rating and decisive power which most entrepreneurs or beginner class in the business world prioritize to money as the most important thing to start any business is complicating. And this had made many people change their idea of starting business. There is even a saying that ” You Need Money to Make Money”. Is that truly correct?
Just like every other business resources like power supply, customers, outlet etc for making a business a success. Likewise is money a resource in business. Business owners need to understand the position of money in business just like every other business assets and resources has the role and position they play in business.
If you think money is the most important thing to thrive a business. What do you think drive some big conglomerate companies that you know out of business.
Is it money these companies lack or access to loans. Even if they went bankrupt. Money is not their problems neither the access to money, there are several investors that can help them with money.
There is more to building a successful business than money.
You want to start a business. Do you really have capacity to start? Doyou know anything about Leadership, Negotiation, Human Relationship and Management, Digital and Traditional Marketing, Cash flow Management, Human Psychology, Sales, Team Building etc.?
Developing business skills should be the first priority of any business idea or an upcoming entrepreneurs. Even If you have the money in the whole world do you think you can start business without having the required business skills.
>>What do you know about using other people resources, time, money, skills, expertise etc?
>>What do you know about human relationship?
>>Do you know how to manage, motivate your customers and employees to keep them buying from you despite the marketplace competition and working for you diligently and satisfied respectively.
Do you know about digital and traditional marketing creating awareness about your business and building a strong community of buyers around your business.
Do you have leadership skills, team building spirit to influence other people to join your business and happy for partnering with you.
All this business skills are important to starting any successful business and are all learn able.
You can develop some of these skills by reading books on each skills or hire/get a business mentor to fast-track your business skills development.
LIFE OF A 25YEARS OLD SOLDIER
Think of a man of 25years of age who joins the army. He is given rifles, bombs, knives and every needed ammunitions to win a war successfully, but not having the army skill. You can actually conclude that such soldier irrespective of his personal confidence, personality, age, he will not survive death from the war front. He would have been long killed at the war front.
Likewise the business world is a battle ground you need skills and not necessarily the resources or ammunitions. Even without having a munitions but having all important training you can survive the war by out-performing your competitors and collecting other people ammunitions that is business resources.
HOW TO DEVELOP BUSINESS SKILLS
Every business skills is learn able either by reading books or learning from a mentor. But reading from books and learning from a mentor does not gives you a safe haven from not making mistakes in your business which could cost you a whole lots of things.
Developing business skills requires more than reading books and having mentor. You need to engage yourself in reality trainings for business skills development. You can acquire business skills by joining network marketing companies, affiliate marketing companies, referral business.
Notice: I am not advertising any network marketing company to you or asking you to join any networking company. Am only giving you insights on how you can fast-track your business skills development by partnering with any affiliate, networking or referral business and duplicating or applying the acquired skills to your own business. It is your choice to make the option of partnering or reading books related to the skills or getting a mentor to train you for these skills.
A network marketing business is a business type that doesn’t require you having a product, business outlet or every other physical resources to start your business. All you need to start a network marketing business is just a little amount of money and you market the company’s products by recruiting new members for the company, selling the company’s products, training new members to duplicate what you are doing, building your team. You need to duplicate yourself and train your members.Because it is only when your downlines succeed you also succeed. If they don’t grow in the business you can’t grow as well. And the only way to succeed in any network marketing or multi level marketing business is to learn,apply and build the business skills.
Without the skills of marketing you can’t sell the company’s products, without prospecting skills you can’t get new members to recruit, without team building you can’t grow your team and lastly without leadership skills you can’t duplicate your self as a networker . Because in network marketing the success of others is also your own success. You are leveraging on one another. It’s a win-win game.
Most trainings for business skills development in network marketing company are all free. You get access to mentors,books,programs,materials for free.
You can also get some of these skills as an affiliate marketer or referral marketer also but can’t be compared to skills you will acquire in network marketing business. The beauty in network marketing business is that you can acquire and develop the business skills in few years.
HOW TO GET START-UP CAPITAL FOR YOUR BUSINESS
Generating start-up capital for your business does not necessarily mean acquiring loans. There are thousands of ways you can generate and raise capital for your business:
- Think of How You can Leverarage Skills or Knowledge That Other People Did Not Have
Every business is driven by creating a solution to someone else’s problems. Think of a solution you can render with your knowledge and potentials skills you have. Help other people without buying any new tools or equipments or getting a shop etc. Samples are; virtual assisstant, laundry services,baby sitting, private tutoring, home cleaning and arrangements.
There are lots you can do. Think of any assistance you can render to other people and get paid for.
- Think of How You Can Connect a Food Seller to an Hungry Man
This means being an intermediate between an established business in need of customers or consumers to their desired customers or consumers. You can connect businesses to their customers and earn commission in between. Big companies like facebook,Uber,Youtube,Google do this and you don’t need to be as big as these giants companies to connect consumers to their buyers your mouth alone is enough.
In fact the business owner will be happy for having customers purchasing their products and services, the customers will be happy for getting their need and you will be happy for earning a commission. Nothing to lose, think big and think wisely.
- You Can Render Services
Starting a service business is one way to raise capital for your product business and most services business cost nearly nothing to start. Services like; social media marketing agents, graphics designer, consultancy services, research services.
As an entrepreneur or business owner know the position of money in business. Never allow the lack of money limit you from building your business empire. Build relevant business skills, read books, get a business mentor.
You can raise capital for your business by helping other businesses get customers and earn a commission but this must be an agreement between you and the business owner, think of services you can render for people and earn money for doing it.
The internet is a new oil well for you to connect to people and businesses, check your neighborhood lookout to opportunities you can tap into by using knowledge or skills you potentially possess to create solutions to people problems around you and earn an income for doing it.
You can do more than you think of yourself. All you need to do is reset your mind by opening yourself to opportunities around you. Meditate through your mind and you will get an overflow of ideas gushing down to your mind. But never implement bad ideas to generate capital for your business. This will not allow your business to last if eventually you cunningly start your business with bad sources. Remember the law of Karma “What Goes Around Comes Around”.
Taiwo Oluwaseun a social media marketer whose vision is to help other businesses outsell and out-perform their competitors.
I manage social media presence for businesses, promote, advertise and market other people’s products.
Taiwo Oluwaseun, the CEO of HI-BEE MARKETING AGENCY could be reached on: Iwsntaiwo@gmail.com, whatsapp: 08108621472