Contest : How to start a business with small capital
small capital business, picture taken from my phone
So many individuals find it very difficult and challenging to make a bold step regarding their business start-up. Why? Because they have low capital, and with this, they'll be afraid of failure. Do we have strategies in which we implement so as to start a successful business with small Capital? Read below it may help.
What are the smart strategies to help entrepreneurs build their business without spending much capital? |
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- Build relationship
This is very crucial because it foster that unity between the business owner, customers and partners. If we have that strong bond, it'll create a path for more business deals. I know of so many people that started a business with low or small capital, but today they're one of the biggest and popular entrepreneurs.
- Reinvesting
Another strategy is to reinvest the profits we make from the business. Let's say we're selling garri, then we bought just 50 cups for the start, at the end of the day we sold everything off with profits, at this point we reinvest the profits by using it to purchase additional cups of garri plus the 50 cups start-up. Gradually doing this, we'll one day buy garri in bulk and automatically we because a successful entrepreneur.
- Social life
Our customers are the number one priority in our business organisation, they're the one that will determine the success rate of our business. So in this case, we should approach them socially, jovial and polite. Even if we're starting a business with small capital, we can take our business to the next level depending on how we deal with our customers, don't forget they're the pillar in our business organisation.
What are the practical tips to help entrepreneurs build their business without spending much capital? |
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- Collaboration
Though we may find success starting a business with small capital, it'll be more easier if we collaborate or partner with longtime entrepreneurs.
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picture taken from my phone
I started selling engine oil with just 4 litres, i fought very hard before making some sales daily, but after my Collaboration with Rainbow limited petroleum i do make a lot of sales and my small business with small capital is turning into a big one. As you can see, i have some rubbers of engine oil.
- Low-cost advertising
screenshot from my Facebook marketplace
Advertising our business is very important because it'll help grow our business as well as making our business famous. We can build our business through advertising with little capital we use for start-up. We have numerous social media which we can run advertisement with low cost, we can use Facebook marketplace as well.
What are the concrete steps to help entrepreneurs build their business without spending much capital? |
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We can build our business without spending much capital if we use our funds and savings to start-up the business. Employing part-time staff will make it flexible and easy to build our business without much capital.
I invite @bossj23 @stef1 @sahmie to participate in this contest ☺️
CC:
@harferri
@goodybest
Thank you☺️
Best regards @alli001 |
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Many thanks to the Steem Entrepreneurs Community users who shared the original posts. We hope your contributions continue to inspire and strengthen the entrepreneurial spirit in our community.
Kind regards,
Steem Entrepreneurs Team
https://twitter.com/bassalli001/status/1758334220814979498?t=pml-bcvRuQMjo7A95QCcNw&s=19
Halooo.. Temann
Wah... Saya sangat menyukai postingan anda dikarenakan anda berbisnis dari modal kecil sampai ke titik sukses nya dan anda juga memberikan beberapa ide kepada para para pemula bisnis dan juga , postingan yang anda bagikan pada kali ini sangat berharga bagi para pemula bisnis
Semoga bisnis anda lancar selalu
Salam kenal sahabat
Hmmm do you really think is a good idea to employ a staff as you're trying to grow your business?