The other day, I have shared with you a little about the seed I am going to plant. Getting a good plant needs a good seed. This is an important step because it will determine the end result.
The whole start up is like growing a tree. So, we start off with seeding. As I mentioned in my previous post, I worked on two different companies before I start on my own.
It was merely desire to start on my own and I have no capital, no idea where to begin with and not a single plan in my mind.
Yup, before you success you must be prepared to fail. You must think of the worst case scenario, losing everything in your life.
Others will think it is silly to think of failing before even taste the fruit of success. I think it is a smart move. If you are prepared to fail, there is nothing to lose and you will push yourself to the extent.
There are few ways you can find for capital to finance your business. Of course the best way is to not need to pay back or burden your new start up with bank loans but it is definitely not easy.
Here, I share with you some ways you can find capital to fund your company.
Looking for a software to type documents, do presentation slide show or some basic accounting work without paying a single cent? Let me introduce IBM Lotus Symphony (http://symphony.lotus.com/). IBM Lotus Symphony is a user friendly office productivity software consist of Lotus Symphony Documents, Lotus Symphony Presentations and Lotus Symphony Spreadsheets. So, you can use Lotus Symphony Documents to type all your documents or letters, use Lotus Symphony Presentations to prepare your presentation slide show and use Lotus Symphony Spreadsheets to do your basic accounting work - all these features provided at no charge. Thanks to IBM Lotus or else we will need to pay RM 499 to get Microsoft Office 2007 Basic Edition from Low Yat
Before I proceed, someone commented that I sounds like telling readers what to do instead of sharing. I apologize for that, I think I should be using more "may" instead of "should".
Alright, let’s proceed to the next point I think is important before starting up your business; getting the right partners.
You definitely need a business plan to start off with. I used to think this is not as important, and just for the record I started off my small business without a business plan drawn but only the idea in my mind. This was a bad experience for me so I advise you to have this in your hand.
I am going to further elaborate on the few starting points. Let’s start with finding your passion. You may find weird why I emphasize that passion should be the ground for your business and not profit.
Many have interest in starting on their own. They are tired of working hard for the bosses, not getting enough reward and worry that they will lose their jobs. The first thing that will cross their mind is how to start? I am here to share some of my previous experience. I have gone through good and bad so here are my tips:
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