How to start your business from scratch if you have no money and experience? Where can I find a working business idea to start a project? What kind of business to start in order to get the first profit tomorrow?
Hello dear friends! In touch Alexander Berezhnov, entrepreneur and one of the founders of the HiterBober.ru business magazine.
Today we will talk about how to start your own business from scratch. Is it really possible to do it at all? I answer unequivocally - YES!
Here I will describe a step-by-step technology for starting a business, and give examples from my own business practice, as well as talk about the experience of my entrepreneur friends who started their own business without money and other material assets in the form of premises, equipment or goods.
You just have to study this material and apply the knowledge gained in life!
Ready? Then let's go!
1. Why is it better for beginners to open a business from scratch?
Dear readers, this section of the article is very important! I sincerely advise you to study it carefully. I guarantee you won't regret it.
Here, the key points for starting a business for beginners will be explained in terms of entrepreneurial psychology.
Before you start a new project, be sure to think about what your desire is due to.
Understand yourself and your motivation to open a business, and my little test, compiled in the form of two blocks of different beliefs, will help you with this.
For example, a great way for a beginner to start a business would be to sell popular, in-demand products from China.
Belief Block #1.
With what thoughts you SHOULD NOT start your own business:
- How to quickly earn a lot to pay off debts?
- The idea that I have in my head will definitely work, but I need money to implement it;
- Am I worse than others? Here my neighbor is engaged in business and everything will also work out for me;
- Tired of these fool bosses, tomorrow I quit and open my own business!
Yes, friends, business is more psychology than technology. I'll explain why a little later.
Belief Block #2.
Conversely, you are READY to start a business if you think like this:
- I am very good at doing a business demanded by the "market" and on its basis I want to open my own business;
- I am aware that in the beginning large investments in a business are very risky, and only free money I can invest in a business, but I will not borrow it, since the risk of losing money without business experience is very high;
- My business requires a lot of time, and in order to develop it, I must have a cash reserve or source of income until my project brings tangible income;
- Having started my business, I will no longer have bosses and controllers who guide me in my work, and I need to become an organized person now enough to act independently and achieve success in entrepreneurship.
If you are dominated by beliefs from block number 1, do not rush to get into a fight. After all, most likely, such judgments indicate the emotionality of your decisions and underestimation of the risks that arise when starting your own business.
The beliefs that prevail in your head from block number 2 indicate that you are fully aware of what a business is and are going to take a responsible approach to its start and further development.
I already wrote above that business is basically psychology and only then - technology.
It is time to explain why this is so.
The thing is that our internal "cockroaches" and delusions prevent us from starting our project.
Here are just a few of the myths that hold back successful projects:
- Without money and connections, a business cannot be opened;
- Taxes will eat up all the profits;
- Bandits will take my business;
- I don't have a commercial streak.
Surely you are familiar with all these fears of beginners. In fact, if you overcome them, or rather, just score and do not think about all this nonsense, then your chances of success will increase MULTIPLE!
You can prepare documents for registering an LLC and an individual entrepreneur for free through the online service. At the exit, you will receive forms filled out without errors, which will be printed and submitted to the tax authority. So already at the first stage you save your money and time, insure yourself against the refusal of the Federal Tax Service, without delving into the complex language of the legislation.
2. How to start your business so as not to burn out - 10 iron rules!
Then I bought 2 terminals for receiving payments. You probably yourself have used the services of such terminals more than once when paying for a mobile phone. But this business cannot be called open from scratch, since at that time (2006) I invested about 250,000 rubles in it.
So, friends, perhaps you know both successful examples of business projects and examples where entrepreneurs with their “brainchild” failed.
By the way, basically everyone hears stories of great successes, but it’s not customary and even ashamed to talk about failures.
Like, here I am a fool, a loser, went bankrupt, lost money, got into debt. So what's now? And now there is nothing left to do, it remains to live on and step by step to get out of this situation.
So that you don’t end up in the place of this poor fellow, here are the simplest rules that will help you start a business with minimal risks and a greater chance of success.
How to start your business from scratch and not go broke - 10 iron rules:
- Never take loans to start a business if you have no experience;
- Before opening a business, take off your “rose-colored glasses” and ask yourself the question: “What will I lose if I fail” ?;
- Be prepared for different scenarios, consider both an optimistic scenario and a pessimistic one;
- In no case do not open a business with money intended for other strategic goals in your life (children's education, loan payments, medical treatment, etc.);
- Carefully study the market and your capabilities, that is, the resources you have to start your own business;
- Do not get involved with obscure or "super profitable" projects that require serious investments;
- If possible, talk to experienced entrepreneurs who are successful in business and take note of their advice;
- Start a business in a field you know;
- Plan the upcoming actions in writing and clearly articulate each stage that you have to go through to achieve the goal;
- Be optimistic and do not stop at the first difficulties!
3. How to start your own business from scratch - 7 easy steps using the example of a fictional aspiring entrepreneur Vasya Pupkin
For clarity, I propose to go through all 7 steps of the technology for organizing your own business using the example of a fictitious entrepreneur, let his name be Vasily.
This is the hero of our story, who decided to open a business from scratch.
Step 1. Determine your value
Look, friends, I think you will agree that a business can be called an exchange of money for some value that you can give to your customers, that is, to solve their problem for money.
Let's say you're good at driving a car, or good at making beautiful designs on a computer, or maybe you have a talent for making DIY crafts - in all these cases, you have value that people are willing to pay for.
Let's get straight to the point and do a practical exercise that will help you start your business from scratch:
Exercise:
Grab a piece of paper and a pen, then write down a list of 10 things you feel you're better at.
Once this list is complete, consider what things you are good at that you really enjoy doing. Maybe you are currently doing this as a hobby.
The fact is that a person cannot do what he does not like for a long time, and business is a big creative process that requires you to be versatile in development, willpower and dedication.
For example, as a result of this exercise, you came to the conclusion that you like to teach something, explain, communicate with people and work with information, and most importantly, that you are good at it.
Then, by combining your abilities, you can become a private tutor, consultant or succeed in the network marketing industry.
This is a general principle.
So, Vasya lived...
Vasily decided to open a business, and responsibly approached this task.
Vasya made a list of his favorite activities and compared it with what he does best.
As a result of the exercise, our hero decided that he would be engaged in computer design, since he has been working for several years at DesignStroyProekt LLC in the city of Chelyabinsk, which develops interior design and then finishes the room according to a 3D project.
Vasily appreciated his strength and decided that he would become a private interior designer, he already had a number of completed projects, positive customer reviews and an impressive portfolio.
Vasya loved his work and sometimes even took it home, as there were a lot of orders from the company.
Even then, our hero realized that, in fact, he was engaged in entrepreneurial activity, only the company buys his services at a low price, and customers pay much more for the design development to the company.
Here Vasily realized that if he could find clients on his own, then he would not have to go to the office at all, and his initial investment in the business would be minimal. After all, his design skills themselves are, in fact, a business.
And so the idea came to our newfound entrepreneur to start a business.
While working in the company, Vasya even received a small percentage of completed projects, which means he could influence his income level.
Fortunately, he lived in a large city, where he had quite a few potential customers.
Step 2. We analyze the market and choose a niche for a future project
In order to understand whether your business will be successful, you need to conduct an appropriate analysis of the market in which you will sell your products or services.
So, Vasya decided not to rush and carefully prepared for a new life stage, which was called "free floating in the world of business."
During the few years that our designer worked for the company, he learned that there are about 10 similar companies in the market of his city, and they all provide similar services.
He asked his friend Pasha to go to these companies under the guise of a client and identify their strengths and weaknesses in order to further develop competitive advantages by working for himself.
After commercial intelligence, Pasha named a number of strengths and weaknesses of these companies. Pasha arranged these sides in a table so that it would be convenient for Vasya to compare them.
Strengths of Vasya's competitors:
- the interior designer of these companies makes an inspection and measurement of the object for free;
- all companies provide a discount on the subsequent finishing of the apartment;
- 7 out of 10 companies give a client a gift certificate for a 30% discount when ordering a design project from them again;
- managers of 9 out of 10 companies talk attentively with the client, correctly ascertaining his needs.
Weaknesses of Vasya's competitors:
- 8 out of 10 companies try to oversell too many additional products and services on their first meeting with a customer. This causes his negative reaction;
- the interior designer in all 10 companies, at the first conversation with a potential client, conducts a dialogue in a complex professional language using a large number of special terms;
- 7 out of 10 companies charge extra for editing computer-aided design projects.
Taking into account all the above pros and cons of competitors, our hero Vasily decided to design the interiors of houses and apartments in his city at a lower price. Similar companies on the market provide these services more expensively, since they spent a lot of money on maintaining a workplace and paying taxes for an employee.
The cost of the services of our designer was now one and a half times lower with the proper quality of execution of design projects.
This completed the second step of building your business from scratch with Vasily Pupkin.
Step 3. Decide on the positioning of your business and draw up a Unique Selling Proposition (USP)
In order for your customers to understand what exactly you offer them and what makes you unique, you will need to decide on your positioning. In other words, in what light will you present yourself to your client.
Let's return to our fictional character Vasily, who wanted to open his own business and was at the stage of developing an offer for the customer.
Vasya already had a good portfolio and a number of testimonials from satisfied clients, but how to show all this to your potential customers?
Then Vasya said to himself: "I'm a designer!", and decided to create his own website on the Internet.
Here he posted his portfolio, reviews, information about himself and his experience, as well as his contacts, so that a potential client could easily contact him.
Vasily also formulated his Unique Selling Proposition (USP) *, which sounded as follows: “Creating the interior design of your dreams for a reasonable price. Creative. Brightly. Practical."
So Vasya began to position himself as a professional designer who, at an adequate cost, develops a good quality product for people with an average income level.
Step 4. We draw up an action plan (business plan)
In order to launch your business and avoid many problems, you need to be prudent and try to put your idea and action plan on paper in as much detail as possible.
You can briefly write down the main stages that you have to go through to organize and launch your project. Draw diagrams and drawings, make explanations for them.
Correctly, this stage of starting your business from scratch is called business planning. This is your instruction, following which, the chances of success are greatly increased.
I already wrote in one of the previous articles, be sure to check it out.
Now we return to our hero Vasily, who decided to become an entrepreneur and quit his job. Vasily has long wanted to open a business without investments, because he did not want to risk money. He understood that without proper experience, such an experiment could end badly and lead to loss of money.
As a result, Vasya decided that his actions would consist of 3 simple steps with subtasks and look like this:
- Create your own website with portfolio, reviews and contacts;
- Post your portfolio online on sites for remote workers;
- Inform the immediate environment about your new project (friends, acquaintances and relatives).
Stage 2. Getting the first orders
- Sign contracts and receive advance payments from customers;
- Fulfill orders;
- Get feedback and recommendations from the customer, add work to the portfolio.
Stage 3. Dismissal from work
- Write a letter of resignation;
- Work out the required 2 weeks, complete work projects and transfer cases;
- Agree on the supply of customers for repair and finishing work to contractors.
Now he was fully prepared for the first practical steps to transform himself from an employee into an individual entrepreneur.
Step 5. We advertise our project and find the first clients
In order to find the first customers, when you already have an offer for your services, you must first notify your acquaintances, friends and relatives. Tell them that from now on you are engaged in such and such an activity, and also try to conclude the first contracts with them.
If at the moment your services are not relevant for them, ask them for contacts of people to whom they could recommend you.
It's no secret that for a large audience coverage and automatic self-presentation, you just need to create a website for yourself.
In the meantime, the hero of our business story, Vasily, did not sit idle and developed a personal website for himself, created groups on social networks, notified the environment about the services he provided, and sent out commercial offers to his potential clients.
The first orders have arrived...
Step 6. Launching a business, earning the first money and building a brand
Having completed all the previous steps, you gradually approached the most interesting stage - the first orders, and therefore the first profits.
- Isn't that what we strived for when we became entrepreneurs!?
- “How to make money by starting your business from scratch?” Isn't that the question we asked ourselves?
If you show due perseverance and follow my recommendations, then you will certainly succeed. Just believe in yourself and do not give up ahead of time, be prepared for difficulties, because they will be, I tell you for sure.
So, our Vasily received and completed the first orders. As usual, he did it with his usual professionalism. The designer understood that it was not enough just to earn money, because he already knew how to do it at his office job in the company.
Possessing a strategic vision, Vasily decided that in order to develop his business and increase the value of his services, he needed to develop a name for himself, or, as they say in business circles, a reputation.
Earn yourself a name that will help you earn everything else!
folk wisdom
To do this, Vasya did not just sit at home and watch TV, but methodically engaged in self-education, attended thematic exhibitions and seminars, went to creative parties of designers and entrepreneurs, where he could find potential customers and meet new partners.
A few months later, Vasya established a reputation as an experienced and punctual professional in the field of interior design. The average cost of his order was growing, and clients came to him already on the recommendations of their friends, to whom Vasya provided high-quality design services.
Step 7. Analyze the results and expand the project
When your business began to bring tangible income, regular customers appeared, and you began to be recognized in the business and professional sphere, it's time to sum up the intermediate results of work and outline new horizons. Simply put, it's time to expand your project in order to increase profits and your own "weight" (your name) in the chosen business area.
Vasily did the same, he analyzed his results, income, outlined possible ways to expand the business.
As a result, our designer drew up a new business plan.
Now Vasily could hire assistants for himself, who performed all the routine operations for him. Our entrepreneur opened his own interior design studio named after Vasily Pupkin. In it, he was now the leader and art director.
Thus, having gone from a novice designer and company employee, our now big boss Vasily proved to everyone by his own example that it is realistic to open a business from scratch and this does not require cosmic sums, and even more so loans that inexperienced entrepreneurs like to take.
Dear readers, perhaps someone will say that this is a fictional story and the issues of registering a company, proper negotiation with customers, legal issues and other subtleties are not disclosed here in detail.
Yes, this is true, but trust me, if you take these simple 7 steps as a basis, then starting a business for you will turn into an exciting journey that you will remember for a very long time. And as an experienced entrepreneur, you will share your practical knowledge with beginners.
I will say that I personally managed to open a business according to the described model.
I wish you good luck and I am sure that by approaching the beginning of your own project responsibly, after a while you will be doing what you love and getting paid for it.
Below you will find working business ideas for starting your own business from scratch, as well as real entrepreneurial stories about how my friends and I started our own business.
4. Things to do to Start Your Business from Scratch - Top 5 Business Ideas
The following business ideas will help you get started in business and feel like an entrepreneur in practice.
Some ideas will be related to making a profit with the help of the Internet, others will not.
You just have to choose the type of business you like and start diving into it.
Business idea number 1. Online store
Internet sales in Russia are growing every year - in the past 2018, the market grew by more than 150 billion rubles and exceeded 1 trillion in volume. Analysts' forecasts say that by 2023 sales will reach 2.4 trillion (!) Rubles. And the growth will continue...
It is not a sin to take advantage of this trend. However, the question is how to start? What product is really profitable to sell in online stores today? What investments will be needed? And so on.
Let's take a real example - Video-shopper online store:
- the owner, Nikolai Fedotkin, is quite active in sharing information on the project;
- the main product of the site - cell phones and accessories;
- initial investment amounted to approximately 50,000 rubles (for the first version of the site and advertising, the goods were taken from suppliers “on order”);
- now the average monthly attendance of the store is more than 500,000 people, the company already has more than 150 employees, the guys opened their own courier service, contact center, service center, full-fledged offline stores, and so on
Of course, it is easier to open a store not alone, but in a community of like-minded people. An important tip is to join the clubs of online store owners, go to specialized conferences, communicate and absorb information. So you will gradually find “your” niche.
The largest club of online store owners in Russia at the moment is Imsider. The community includes thousands of working and profitable sites.
Many started even with even smaller investments - an average of 10,000 - 15,000 rubles. This is the main highlight of the Internet business: you do not need to spend money on renting a full-fledged store, a sign, repairs and many other things.
Club members work in a variety of niches:
- metal detectors,
- irrigators,
- knitted clothes,
- expensive books and diaries,
- goods for gardeners and summer residents,
- Tula gingerbread,
- fur coats,
- childen's goods,
- hunting, fishing and much more.
The club regularly hosts online and offline events. If you are just thinking about opening your online store, I advise you to attend the club's online webinar, specially designed for beginners - “6 Steps to a Profitable Online Store”.
The webinar is completely free, where you will learn how to look for a profitable niche, evaluate your ideas correctly, understand how to build a product delivery process, make a website and launch with minimal investment. The webinar is hosted by Nikolai Fedotkin, the owner of the Video-shoper online store, that is, all information is given "first hand". Personally, I was most struck by the fact that Nikolai openly shares the figures for advertising costs - how much and where it is invested, which gives the greatest effect. And all this is not in a theoretical mode, but on the example of our own project. There is nothing better for the initial start in RuNet now.
The main advantage of the club Imsider is that all coaches are active practitioners. Everyone has their own working online store. No water and naked motivation in the style of "it's time to get off the couch." Cases, figures, concrete launch ideas…
You can sign up for the Imsider webinar at this link - just click, registration will take 20 seconds:
Business idea number 2. Business with China
The sale of trendy goods from China is now a very relevant area.
You can sell such goods by pre-purchasing them directly in China via the Internet, through social networks, one-page sites and message boards.
I have my friend Alexei in Moscow, a retail and wholesale business of Chinese goods. At first it was watches, various “cool things”, things for the home.
Now this business brings him clean 350,000 rubles per month.
His scheme is simple and consists of 5 steps:
- Choosing the right product and testing.
- Buying goods in bulk in China.
- Advertising this product over the Internet in many ways.
- Sending the ordered goods to the buyer by courier in Moscow or a transport company in Russia.
- Scale your business and reward yourself.
And once Aleksey worked as a taxi driver and, as far as I know, he started with a debt of 30,000 rubles.
Its success lies in the study of the necessary information, you can start by watching a free webinar by Evgeny Guryev, an expert on the topic of Business with China, and then take the first steps to put this idea into practice.
Here is what Evgeny says about doing business with China - 3 topical issues:
If you want to start an effective online business selling popular products from China, visit an expert online seminar on starting this type of business.
You will learn step-by-step information for starting a business right now.
Business idea number 3. Consulting and training
If you know how to do something well, then there will certainly be many who want to learn from your experience and knowledge.
Nowadays, online learning is especially popular. This is where you can find hundreds and even thousands of people who are willing to pay you.
For example, I have a friend Alexei, he lives with me in the same city of Stavropol and teaches foreign languages. A few years ago, Lyosha had to go to his students at home or invite them to his home. Now the situation has changed radically, everything has become much easier.
With the advent of the Internet, my friend began to teach people English and German via Skype. I myself used his services for a year. During this time, I managed to learn English from scratch to a conversational level. As you can see, it works.
You can also start your own home based business from scratch teaching or advising people over the Internet.
Nowadays, many lawyers, accountants and teachers earn good money in this way. But there is an even more advanced option for making money on your knowledge, it consists in creating and selling your own training courses via the Internet.
To make a profit in this way you need:
- choose a topic in which you understand;
- write a training course on it;
- start advertising this course online in many ways and earn income from sales
The advantage of this type of business is that you record your course once and sell it multiple times.
In general, the sale of information on the Internet in the form of methods and guidelines is called infobusiness. You can also open it and make it your main source of income.
Business idea number 4. Earnings with the help of the social network Twitter (Twitter)
Today, almost every person has their own profile in any of the social networks. But few people know that here, in addition to entertainment and communication, you can earn good money.
One of these opportunities is the usual for many Twitter - a social network for exchanging short messages up to 140 characters.
Ordinary people spend their time and money here, while smarter people have turned this social network into their source of permanent income.
It's no secret that wherever people hang out, there is money.
After all, our Internet users are an active solvent audience. So why don't you get some of their money. Moreover, it is absolutely legal and does not require outstanding knowledge.
It is enough just to make a few RIGHT actions and get the first profit. We have previously written about how to start your own business on Twitter and earn income comparable to the average salary in Russia. Read our article "" and implement the methods described in it.
Business idea number 5. We are engaged in mediation - we earn on Avito.ru
Earnings with the help of electronic bulletin boards is the easiest and most affordable for most people.
You are required to have minimal computer knowledge, a few hours a day and a desire to work for yourself.
With the help of sites that specialize in posting free ads, you can build your very profitable business.
This can be done in 3 steps:
- Find what to sell
- Place an ad on the site
- Get a call from a buyer and sell a product
As a site for placing ads for sale, we will use the most popular Avito board (avito.ru).
Hundreds of thousands of ads are posted here every day, and the active audience of the site has tens of millions of users.
Can you imagine how many potential buyers for your product can be found here?!
First, you can start here by selling unnecessary things that you have at home, and then post ads for the sale of goods and services that you don’t even have in stock.
Do not believe that this is possible and want to know how it's done?
I myself tried to earn quick money with the help of Avito, I won’t say that I became a millionaire, but I managed to earn several thousand rubles in a week.
Business idea number 6. Grow from an employee to a business partner
If you are currently employed, it is not necessary to quit your job and start your own business. You can do this within the company you work for.
If your company is not too big, and you are one of the key specialists there, then under certain conditions you can get a share in the company's business. This will allow you not only to receive a salary, but to become a full-fledged managing partner on a par with the current owner - your main manager.
This is possible if you can directly influence the increase in the company's profits by your actions.
Become an indispensable specialist and it is quite possible that the owner of the company himself will offer you to become his business partner.
This method is offered by the legendary Russian entrepreneur Vladimir Dovgan. Yes, you will have to work hard here, but on the other hand, you will become a co-owner of an already operating company without any risks and really from scratch.
Dovgan himself cites as an example a guy who became a co-owner of a large chain of restaurants in Moscow, and before that he was a simple cook in one of the restaurants.
This young man really liked what he was doing, he was professional in cooking and courteous with the guests of the establishment.
The owners, seeing his passion for work, first promoted him to a restaurant manager, and then offered him a share in the business for developing their network of restaurants and training staff.
I don’t remember the name of this person, but now he has become a dollar millionaire, without actually opening his own business, but starting to develop someone else’s.
This is also a good way to start your own business, especially if you have a good career in a small or medium commercial company.
Business idea number 7. Building your business online
If you are good at computers, know how to create Internet projects, or at least understand the principles of their functioning, then you should consider the Internet as a way to start your business from scratch.
There are two main ways to start an online business:
1. Freelance. This is the business of providing paid services to you over the Internet. If you have professional skills, such as drawing beautiful designs, writing texts professionally, or knowing programming languages, then you can easily make money on the global web. More precisely, it can rather be called work for yourself. Although successful freelancers earn from 500 before 10 000 dollars per month.
You can start earning in this way on the popular exchanges for freelancers Freelance (fl.ru) and Workzilla (workzilla.ru).
2. Classic business on the Internet. It is not so easy to build a full-fledged online business on your own, it is best to follow the beaten path.
To do this, just read my article. There I talked about how you can make money on games, on social networks, on selling information from 50,000 rubles a month and gave examples of real people who are already doing this.
This concludes my review of business ideas. I hope that they will help you move forward and start earning your first money.
5. My own experience of starting a business from scratch in the service industry
As I wrote earlier, I opened my first business at the age of 19 - it was a vending business (terminals for accepting payments). Yes, it took money. Then I had several more projects. All of them had nothing to do with the Internet.
And so, about 3 years ago, my current friend and business partner Vitaliy and I opened our own website creation studio without a penny. We ourselves learned to make Internet projects literally on the go, but in the end, after a few months, we earned about 500,000 rubles at our website creation studio.
Naturally, I often had to work with legal entities that transferred payment for services by bank transfer. To do this, you had to either open your own company or work through someone.
We chose the second way, having agreed with our current business partner Evgeny Korobko. Zhenya is the founder and head of his own advertising agency. I interviewed him, you can read him in an article about, the material is published on our website.
Our first clients were familiar entrepreneurs.
We approached our business responsibly, and fulfilled orders with soul. Soon the word-of-mouth effect kicked in as our satisfied customers started recommending us to their friends.
This allowed us to get a continuous flow of customers, and sometimes we even could not cope with orders. This experience helped us to believe in ourselves, and today we have a complete picture in our head of how to start a business from scratch and make it successful.
I want to note that with the development of information technology in the world, your sales market today is the whole planet!
There are no more distances, any information is available, and now starting a business is much easier than even some 10 years ago.
I hope that all the materials in this article will help you take the first step towards your dream - your own business, which will eventually turn from a small home project into a huge company with a worldwide reputation.
Therefore, dear readers, I assure you, everything is in your hands, just act, because the city takes courage!
6. The real story of how my friend Misha worked as a security guard and became a businessman
Here is one of my favorite stories about a real entrepreneur who started a business from scratch. After all, I promised in the article to give examples from life.
Do you want to know how Mikhail became an entrepreneur from a laborer, opened, bought a foreign car and an apartment?
A few years ago, my friend Mikhail worked wherever possible: as a laborer at a construction site, as a loader, and as a security guard.
In a word, he was engaged in not the most monetary and intellectual work. It all started with the fact that my friend was guarding a company selling building materials. One day a client came to them who wanted to buy a large batch of building insulation, but it was not in the assortment.
Misha knew that literally 100 meters from the company he was guarding, there was another hardware store where there was definitely such a heater. Taking a contact from a potential client, he went to this store in the evening and agreed that he would bring them a large client if they would give him a percentage of the purchase made from them. The management of this store agreed and Misha worked as a freelance sales manager, earning about 30 000 rubles for just one trade (recommendation).
And it was an amount equal to his monthly salary!
Mikhail thought that this was an interesting business, and the financial result of the transaction gave him confidence. So he quit his job and started by negotiating with various firms that he would sell their products. Since Misha already worked as a laborer and security guards in a construction company, he also chose construction goods for sale: windows, doors, fittings, roofing, and so on.
My friend just walked around the construction sites of the city and offered his goods. Some were bought from him, some not. As a result, Mikhail formed an assortment of the most popular goods and understood how to properly negotiate with foremen at construction sites.
After 2 years, Mikhail opened his own company selling building materials and connected his brother to this business. Prior to that, his brother Kostya worked at Gorgas and received the usual small salary. Now the guys are quite successful in sales and earn good money.
By the way, I have been to their office more than once and have known Misha for several years. He told me this story himself.
Conclusion:
By opening a business from scratch, you avoid the risk of losing money, and this is the most important thing. Also, starting without material resources teaches you to make better decisions in order to earn money. After all, if you manage to make a profit without investing, then with money you can even become a successful entrepreneur.
See you in the next articles and good luck in your business!
How to start a small business - a step-by-step guide for aspiring entrepreneurs to start their own business + tips and examples
What kind of business is profitable to do: 5 profitable business directions + 3 ideas for a business without initial investment + 6 ideas for success in the village + 5 tips on how to start your own business + 5 steps to determine how “your” idea is.
Today, most people dream of financial independence. No wonder. If you get an average salary for our region, then you can only dream of an apartment in the city center and a brand new car in the garage.
But still, people continue to go to low-paid jobs, naively believing that they will not be able to earn money on their own business. They just don't know what kind of business is profitable to do and how to start it right.
Up-to-date statistics on what kind of business is profitable to do
In fact, at the initial stages, it is difficult for a beginner to understand which business is profitable to engage in, and which one will only bring losses, fatigue and disappointment.
Therefore, we offer you statistics of areas in which it is profitable to do your business:
5 options for profitable business directions
Their schemes above you could understand how popular this or that direction is. What options are most in demand in Russia?
No. 1. Business in trade.
Trade This is the type of business that is always profitable to do. The only question is, what product to sell?Whether you follow trends or look for innovative types of goods - it does not matter at all. With the same success, you can sell clothes for pregnant women, and football paraphernalia, and food. The main thing is to determine what will be beneficial for you.
No. 2. Production.
If sales are not your forte, we offer to engage in production. Don't know what to produce? What is missing in your city/region?
You can be engaged in the production of live beer, parquet boards or collect agricultural machinery. There are more than enough directions.
No. 3. Business in the service sector.
Engaging in the provision of services is beneficial in that often the initial investment is much less than in trade or production. always remain popular and bring good profits.
No. 4. Internet business.
That's where the scope for the development of their business!Now in demand, turnkey website development and similar options.
PS. It will also be beneficial to create your own culinary or beauty blog.
No. 5. There is money, there is no idea.
If you have “extra” money, but you don’t want to promote your own business, it’s not necessary to keep finances in the bank for meager interest. Become a business angel.
Business angel is a person who invests in risky projects at the earliest stages.
If you come across a person who has an interesting idea for a startup, but he simply lacks the funds to implement it, invest your money in this project.
It will be profitable for both you and the “carrier” of the idea to engage in such a business. Why? You will receive your share in the stake of the future company and, if successful, will receive huge profits and participate in management.
The main thing is to choose a worthwhile idea. You must believe in it.
3 ideas for a profitable business without initial investment
No. 1. Tutoring.
To implement this business idea without investment, you will need the knowledge acquired at school and university. They will allow you to tutor.
The scope of activity here is wide: teaching (English, mathematics, singing, etc.), writing diploma and settlement works, preparing drawings.
Before starting work, decide what subject you will teach and for what age category, where the classes will be held, how much one lesson will cost.
To find out how profitable this type of business is, find out the market prices for such services and calculate the cost of training materials.
How to find clients?
- Order or make your own business cards. Give them to all your friends who have children. If possible, leave them in schools, supermarkets, clubs, etc.
- https://profi.ru/repetitor
- https://repetitorov.net
- https://preply.com/ru
- Place an ad in local newspapers.
- Post flyers on bulletin boards in residential areas, near schools and bus stops.
Check out these tutor sites:
Tutoring is profitable if you use the right approach to such employment. In the future, everything will depend only on your zeal: perhaps, being an English teacher today, tomorrow you will open your own school or foreign language courses.
No. 2. Repair services.
If you have "golden hands" and know how to do something better than others, then you should not bury your talent. This will also help to earn money and at the same time do the business in which you are a pro.To get started, put up ads about various types of repairs near the entrances, write posts in thematic groups on social networks. You can find them at the request of "Repair Moscow", "Repair services", etc.
You can find ads on the "construction exchanges":
- https://propetrovich.ru
- https://poisk-pro.ru
- https://poisk-mastera.ru
If you have the skills, you can repair appliances, glue wallpaper, insulate facades, provide plumbing or electrician services. If you are a master of your craft, then this type of business is sure to bring good profits.
In addition, it is extremely beneficial to maintain a good reputation, because then orders will “flow like water”.
Is this business profitable? Certainly. After all, you will only need an initial investment in tools, and all consumables are paid by the client.
No. 3. Online business.
It's no secret that every year it becomes more and more profitable to do business online. All you need is a lot of free time and a computer with Internet access.There are places to roam. You can work as a designer, programmer, marketer, but certain skills will be required.
If you are ready to invest in your future business, take paid specialized courses in the chosen direction. This investment will become very profitable in the future.
You can find such courses by ads or on the Internet:
- https://www.mbastrategy.ru
- https://www.ucheba.ru
- https://honorcup.ru
- https://teachmeplease.ru
To make your business more profitable, look for free courses:
- https://universarium.org
- https://www.intuit.ru
- https://academicearth.org
- https://www.edx.org
- https://theoryandpractice.ru
It is profitable to engage in such a business both on an ongoing basis and as a job in your spare time. The main thing is to develop a permanent customer base and ensure a good reputation.
6 examples for doing profitable business in the countryside
A small town or village has several advantages for developing a profitable business:
- there is an opportunity to grow something for sale (animals, birds, vegetables) and make environmentally friendly products (for example, natural dairy products);
- rent of premises and land in the countryside is cheaper than in cities;
- the infrastructure is less developed here, which means there are more unoccupied niches.
The main disadvantage of starting a business in the countryside is that it will not work to create a large business - there is not such a high demand and purchasing power. At first, you will not be able to earn millions, but in the future it is possible to arrange delivery to the nearest cities (respectively, an increase in profits).
In this case, doing business in the countryside may be even more profitable than in a big city.
Consider 6 specific business ideas that are profitable to do in the countryside.
No. 1. Store opening.
In the village, it is not necessary to have large investments in order to open a profitable business.
- this is not an innovative idea, but the business is quite profitable, especially where competition is minimal.
To do this, you need to ensure a regular delivery of bread, drinks, sweets and other products. You can also bring clothes in a small assortment or to order.
No. 2. Rural tourism.
This activity has become popular relatively recently. People who have already earned their first million sometimes need to unwind, live in the countryside, or residents of the metropolis want to show their children where tomatoes grow and what ducklings look like.And if your village is full of picturesque landscapes, then with the correct use of advertising, a constant flow of customers is guaranteed to you.
So, if you inherited a house in the village, do not rush to sell it. It will be more profitable to restore it and engage in a small hotel business.
No. 3. Medicinal tea.
Many people want to be able to treat simple ailments with herbs without being dependent on pharmacies. Therefore, it is profitable to engage in the manufacture and sale of medicinal tea.
The peculiarity of this type of business is that not every locality is suitable for this. Plus, you need to study the usefulness of herbs and be able to distinguish one from the other.
No. 4. Farming.
Eco-products are gaining popularity all over the world.
Livestock or poultry meat can be sold directly to buyers, or you can arrange for deliveries to local stores. You can also focus on breeding a certain breed of animal, which is also valued in a specialized market.
No. 5. Growing vegetables.
Again, eco-products.If you have a properly equipped greenhouse, you can secure an income all year round, fruits and berries. The same products can be sold in the winter in the form of conservation.
Do not forget about growing seedlings and seedlings (strawberries, raspberries, currants, gooseberries, fruit trees and greenhouse vegetables).
In general, recently there has been a tendency when people “come” to the village in search of more favorable conditions for their business.
No. 6. Services of a hairdresser and nail master.
All girls - both in the big metropolis and in the countryside - want to look beautiful.
You can take professional courses as a hairdresser or nail master. Of course, it will be more profitable to engage in such a business at home or with a client at home, but if things go well, then you can save up for a small beauty salon.
Liked one of the profitable ideas discussed above? Top 5 tips on how to start your own business will help you realize it.
Your dreams are the birthplace of business ideas.
Starting a business will not be easy. It can bring very good results, but at first it will be difficult. The only way to get things done without getting discouraged at the first loss is to be passionate about what you do.
Follow your dreams and use your knowledge.
You must be able to convince people.
If you want customers to part with their hard-earned money by buying your products or services, make sure they get what they want.If you need investment, you must be able to convince the investor that your idea is 100% successful. Develop a business plan, present it using all possible tools (presentations, infographics, etc.)
Follow your specialization.
If you already have many years of experience in a certain field, doing business in this direction will be much easier. You can make good use of your skills and previous education, your network of contacts and industry knowledge.
Study, study and study again.
If you don't know much about the business you're interested in, but you're in the mood for it, be prepared to spend enough time learning before you start to avoid making critical mistakes in your business planning.
Start with the basics of strategic planning and management:
- https://www.culturepartnership.eu/publishing/strategic-planning-course
- https://www.toptraining.ru/trainings/4869
- https://www.eduget.com/course/osnovy_managementa-873
Agree, it is much more profitable to invest money and time in your training than to entrust another person to run your business. In addition, in the process of learning, you will be able to find out which business is really profitable to do.
Always test your business idea.
Even if you have a lot of experience with the business you decide to do, you should do your best to check how good your idea is and whether it suits you.
5 steps to determine if the chosen business is right for you
Here's a step-by-step guide to assessing whether a business of your choice is right for you.Step 1. Try it out.
Before starting your own business, it would be a good idea to get your own experience in a particular industry that interests you.
For example, if you want to open your own tailoring studio, then you simply must know how satin differs from silk, and lace from guipure.
Try to work in an industry that interests you. In a few months, you will be an expert in every aspect of tailoring and will be able to determine how profitable this business will be for you.
Step 2: Ask questions of entrepreneurs in the same industry.
If the business you are interested in is a "dark forest" and you cannot find work in this area, talk to those who provide the product or service you are interested in.
Small business owners are often willing to share their knowledge when they don't see you as a competitor. After all, it is not entirely profitable for them to reveal their chips and secrets. Therefore, it is better to cheat and not talk about your intentions.
Step 3. Understand if you are enjoying the business and how you are making progress.
If you're not enjoying your business, find a new idea. It's much harder to succeed in a business you don't like. And the likelihood that over time you will like something that "the soul does not lie" is close to zero.
Step 4. Calculate if the business has a reasonable chance of making a profit.
Based on the knowledge gained, get an idea of whether the business is potentially profitable and calculate the minimum set of financial indicators.
It only makes sense to open your own business if it is really profitable to do it.
How to start your profitable business?
Get a step-by-step algorithm from 3 models for opening a successful business:
Step 5. Assess all possible risks and minimize them.
Even the best plans can fail if you disregard common sense and choose an extremely risky business.
If your business idea does not meet any criteria from the list, do not despair - this does not mean that you should abandon it and that it is not profitable to engage in this business. You just need to be more critical of the nuances and approach things wisely.
Starting a business is exciting and intimidating at the same time. But the more you think, prepare, and invest, the more successful your business will be. Before answering the question what kind of business is profitable to do Try to understand exactly what you want.
After all, businesses that belong to someone who lives, breathes and loves what they do are destined to succeed.
Therefore, find your passion and then be smart about pursuing it.
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How I decided to start my own business from scratch. I will tell you about how I quit what I had been doing for many years, that is, I quit going to work and started trying to make a living not by working for anyone, but by working for myself. It was a long time ago, almost a year has passed and a lot has certainly changed, but I will start the story from the very beginning of my story. Well, along the way, you will share various useful information and your own insides.
Decision...is the starting point.
Starting your own business is like starting a new life..
Everything is changing dramatically, the familiar world is being transformed. At first, it was an unusual feeling, the work really bothered me, I didn’t like it, it took a lot of energy, and I also had to move around the country, live in some kind of rented huts, or it’s not at all clear where. That's all the reasons why I decided to quit my job for the ghostly opportunity to start my own business and become financially independent ( well, or in case of failure, look for a new job). Therefore, at first there was just a buzz, a feeling of freedom, as if an unbearable load had been thrown off my shoulders.
Making life-changing decisions is hard work. You can be where you don’t want to be for years, do what you don’t like, but don’t decide ... life goes on and on in a circle, you get used to it, and then where to go? It's always the unknown. Over the years, this ability to rush forward is lost, it is replaced stability. Just like that, this word appears in life, life becomes kind of stable. But this is self-deception. At any moment you can be fired, the work itself can hide behind, the crisis can wash overboard like a wave. So any stability in this world is mostly illusory.
Own business requires more responsibility.
Such a simple idea didn't occur to me right away. You need to take full responsibility for yourself, no one will come to the rescue, except for myself, no one is responsible for me. It is not enough to go with the flow, you need to set a sail and catch a fair wind, and if it is not there, then grab the oars and row. In life, as a rule, there is little responsibility, not that we rely on others. It was washed away in the fact that you often attribute the cause of failures to someone, to some insurmountable events or to your shortcomings. It gets a little easier this way, life just happens... it's time to end it.
It also takes a lot more self-discipline to start a business than I had when I worked for uncle. There was external motivation at work, various incentives and work is an organized system where everyone has their own role, bosses and subordinates. And when you start working for yourself, then there is no motivation from outside, you need to generate it yourself, there is no system, you need to create it. There is no demand from you, and this is very relaxing, you need to learn to ask yourself on your own.
Many people argue well, your own business ... it needs money, the idea of \u200b\u200bthis very business, luck, knowledge, experience ...
Well, that's what I thought as well. Prepared, saved up some money, solved the housing problem, found a couple of ideas, which will be discussed later, found several training courses. Well, I didn't really have anything else.
But I forgot the most important thing, I didn’t even plan it, didn’t think it over and didn’t take it into account.
How to become by this same businessman?
And get your business going.
Most probably read these books about business, where gurus of various stripes share their experience. When you read these books, you agree, but the information received remains somewhere in the back of your memory, without going into action. And in vain ...
The understanding of this came to me after about six months, it could have been earlier if I had been smarter, but alas. And I knew all this, but did not realize and did not use it.
It is about a way of thinking, a way of solving problems and self-organization. The main thing is to change your thinking. If this is not done, everything else becomes meaningless.
Here's what ignoring the above leads to:
Not doing.
I have already said that I decided to start an Internet business. As a preparatory step, I decided to study some video marketing courses to learn how to promote a product. Seems logical. Fortunately, these courses are like uncut dogs. A dime a dozen. And you don’t need to buy anything, the main thing is to find the right forum where everything is distributed for free. Of course, by this I encourage piracy, but when you see a price tag for an information product under 40 thousand, and you have planned to take more than one course or two, you stop being scrupulous.
And this is how the situation turned out, I studied, prepared, began to keep records, but nothing changed in my life, just as I had no business and no income. Another month passed, and things are still there.
And what happened, I did something all day long, worked at a computer, studied. But at the end of the day I could hardly say what exactly I did, you look back at the past day, and it is like in a fog. And there wasn't enough time to do everything.
I called this state not doing.
I studied courses, consumed a lot of information and did nothing else, I was just getting ready to start acting. But never started , here's another course I'll take and then I'll definitely start, loot with a shovel, but that didn't happen. I stomped on the spot. Then I took a closer look at those who, just like downloading tons of courses, for the most part were in the same trap. They talked in correspondence about a hard drive clogged with useful information, they were looking for something fresh, but in terms of achievements, they were at a complete zero.
In general, a sad situation, a cure for it, not just another motivational course, but doing.
You have to do it stupidly.
A simple recipe, but how difficult it is to execute, try it and you will understand what I am talking about. After all, it’s so comfortable not to do it, study, plan, prepare, wait for better conditions ... Get it out of your head, if you want to start your own business, go change your life, just start doing it, right or wrong is the second question, the main thing is to develop it in yourself, acquire the skill of doing (this will be discussed in another article).
But that is not all…
I found in myself two global thinking errors that jeopardized all my plans.
Firstly I have noticed that when I plan a project (for example, quit my job and start my own business on the Internet), I miss a lot of details. The analysis of the situation and prospects comes out superficial and too positive, as if blindfolded. And when it subsides, it's too late, you're already in the middle of the road. So I didn’t take into account a whole bunch of nuances, I didn’t detail all the options, I decided based on superficial data. This is a terrible mistake. Success is in the little things that are not noticeable at first sight, the magic is at your fingertips.
Secondly. There are people who leave work to gain independence and independence in finance, they have ideas and projects. But time passes and they return to what they abandoned, nothing came of it. They refer to global injustice, fate, high competition, lack of money and a hundred other reasons, shifting responsibility from themselves. But in some cases the reason is different. Again, this is fucking business thinking.
I came to this formula of success as a result of my mistakes. But it took a long time to run this formula. It's hard to change. Of course, emotional endurance is also needed, sometimes after a series of failures a feeling of hopelessness and a spark of despair rolls over, but I have learned to fight back. This is a difficult path, but it is worth it, I hope I will go through it, which I will write about later on the pages of this blog.
In conclusion, I summarized the main thoughts that will certainly help you on your way to your goal.
Brief checklist.
If you decide to go to work and start your own business or set a serious goal, then first of all format your thinking along with time, it is our main resource.
Look for strong motivation, develop self-discipline, how to do it effectively, read the following articles ( you can't write everything at once.).
Estimate your resources, do not plan superficially, think through every little thing, every detail matters. Success lies in these very little things that we did not take into account. The world is too competitive to be successful without working through the details.
Learn to act, apply information, remember: if you know and do not apply, then this is tantamount to the fact that you do not know anything. There is no point in simply accumulating knowledge.
That's all... In the next article, I will talk about my first attempts to make money on the Internet. or join my
In this material:
Employment, climbing and falling down the career ladder, receiving a fixed salary, which in all structures has its own "ceiling" ... All this is familiar to ordinary citizens working in an enterprise or private production. More than half of Russians at least once thought about switching to individual entrepreneurship, watching the successful undertakings of acquaintances and friends. But is it worth opening a business without knowing all the subtleties and nuances of working for yourself?
General characteristics of business in Russia: current state and prospects
The times when business was considered something out of the ordinary, a sign of the bourgeoisie or speculation, are long gone. The 90s of post-Soviet Russia are also behind us, when everyone became entrepreneurs, and business was conducted by far from legal methods.
In 2019-2020, all conditions have been created for business in Russia, no matter how strange it may sound. For example:
- a wide range of taxation systems is a very important parameter for start-up entrepreneurs. They can choose the most suitable option for deducting taxes, which ultimately depends on the format and direction of the business;
- a huge selection of business ideas - you can choose absolutely any direction as your own business, from the provision of private services and consultations to the mass production of products in demand. The main thing is registration with the Federal Tax Service as an individual entrepreneur or legal entity, as well as work within the framework of the current tax legislation;
- state assistance - the government of the Russian Federation is interested in the development of small and medium-sized businesses in the country, because this is a serious contribution to the treasury in the form of tax deductions. That is why the state regularly introduces loyalty programs for entrepreneurs, develops convenient working conditions, simplifies reporting, etc.;
- banking system - banks, like the government, are interested in business development. This is explained by the fact that by issuing a loan to an entrepreneur to implement a business idea, the financial structure counts not only on a return of funds with interest, but also on the repeated appeal of the businessman.
Reference: despite the fact that banks are interested in lending to small and medium-sized businesses, not all entrepreneurs receive money. In any case, the applicant is obliged to prove his ability to pay by providing documents on his income. An alternative is a loan secured by property.
The prospects for business in Russia are very controversial and depend on the format of the idea being implemented. Many entrepreneurs suffer losses and close their enterprises every year due to the wrong specification and lack of action related to market analysis.
On the other hand, if you correctly assess the demand for a product in a particular area, choose a popular direction that does not depend on social and economic factors, then the prospects are quite optimistic.
Conclusion - any case should be approached as responsibly as possible. The best option for opening a successful business is choosing a direction in which you have experience or education.
Is it worth starting a business in 2019-2020?
Yes, it’s worth opening a business in 2019-2020, but…
As always, there are a few "buts":
- thoughts about earning - no need to think that investments will pay off in the first few months. Many successful businessmen went to their goal for years, worked at a loss, but continued to build their "empire". Simply put, first of all, you need to focus on market analysis, organizational measures and the high quality of services provided;
- "entrepreneurial streak" - although this is an abstract expression, it is true. Not every person has the makings of self-organization, and even more so of doing business. This is the same as not everyone can be doctors, teachers and builders, even if they get the appropriate education. An entrepreneur is a responsible, enterprising and prudent person with leadership qualities, able to make difficult decisions in various situations;
- money - any kind of business requires start-up capital. The mistake of many aspiring entrepreneurs is to invest the latest savings in a potentially promising project. The risk of ruin or the need for additional funding is always present. But if this was the last money, then all that the entrepreneur receives is huge debts and the inability to rehabilitate. The person gets hired again and pays off the loan within a few years.
Thus, nothing prevents starting a business in 2019-2020, but you need to realistically assess your moral and professional qualities in terms of commerce.
When is the best time to start your business?
Firstly, you need to open your own business only if you have free capital. Money should not be the last. If you plan to apply for a loan, then you need to think about additional sources of financing in case of unforeseen situations with the business (bankruptcy, slow payback).
Secondly, it is better to tie the opening of a business to seasonality, which in turn depends on the direction of entrepreneurial activity.
Spring is considered one of the most successful periods. In April-May, you can open any business - catering, a clothing store, a hairdresser, tire fitting, etc. With the advent of spring, people are trying to update their wardrobe, transform their appearance and even change gadgets or accessories.
The summer period is ideal for undertakings in the field of catering and seasonal business:
- summer cafe;
- draft kvass;
- cold drinks;
- ice cream;
- fast food.
Autumn - the business of selling clothes and shoes is again relevant.
Winter - New Year's goods, sports equipment for winter sports, cafes, bars, restaurants.
Reference: January is considered to be the “dead” month in business. After the New Year holidays, the population does not have the opportunity to spend extra money, so you should not open your own business during this period.
How to minimize risks?
Business is a risky undertaking, regardless of direction. To reduce possible unsuccessful development scenarios, you must do the following:
- Analysis of the market for the demand for a particular service / product. It would be useful to carry out more large-scale actions to identify a scarce and demanded direction.
- Evaluation of competitors - standard actions provided for by any business plan. The more an entrepreneur knows about the work of competitors, the higher the chances of a successful start by taking into account other people's mistakes.
- Financial calculation - without assessing investments and additional investments at the stage of organizing and promoting your own business, you cannot expect a positive effect from work.
- Studying the chosen topic - an entrepreneur must be well versed in both the product, its quality and price segment, as well as in consumer demand.
The rest of the risks are more individual, so in each case they depend on the format of the business.
Drawing up a business plan is an important stage of work
Some entrepreneurs ignore the business plan, considering it not only a waste of money, but also time. Such businessmen act on intuition, therefore they make a lot of rash decisions, the result of which is work in the red and closing the outlet.
A simple example: IP Vlasov A.N. decided to open a dumplings shop. He does not need a business plan, as he believes, because the premises are provided by his acquaintance, the raw materials are purchased from his wife's brother, and the equipment for the establishment is purchased from an ad in used condition.
In practice, IP Vlasov did not take into account several points:
- cheap rent from friends is a huge plus, but it will not bring benefits if there are 2 cafes, 1 prestigious restaurant and several eateries in the dumpling area. By ignoring market analysis, the entrepreneur faces fierce competition;
- raw materials from relatives are also a plus, but it is imperative to check the quality certificates for products. If they are not there or the data does not meet the standards, it is better to find a trusted supplier. IP Vlasov ignored this moment, and the result was an inspection by Rospotrebnadzor and the closure of the dumplings;
- used equipment is not bad, and not good, but still it is more expedient to purchase a new one. Vlasov, most likely, did not calculate the budget, so there was a minimum of funds left.
All of these nuances must be reflected in any business plan. Opening a business on the basis of planned and thoughtful actions, such incidents cannot happen.
Ideas for starting a business in 2019-2020
Every year there are more and more ideas for business. For example, if 5 years ago no one heard about vaping, today electronic cigarettes are almost a trend, and vape shops are very popular.
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Many ambitious people are puzzled by the question of whether to start a business. Most often, they want to start a business just because they want to earn more. In addition, a considerable number of people believe that if they create their own business, they will be able to spend more time with their family, with their relatives and friends.
Sell time cheap
Especially at the initial stage of developing your entrepreneurial activity, you can hardly be more free than working at an ordinary average job. If you ask the question of what kind of business those who have worked at a simple job all their lives would like to do, then few of these people would answer specifically. Most often, people just want to start a business, and it’s not so important for them which one, the main thing is that it brings a normal income.
Without a specific one, it is very unlikely that a person will ever go into serious business. Most often, the only business of such a person remains the sale of his labor, skills and time, in other words, an ordinary job. The problem with hired work is that we are paid exactly as much as employers agree to pay, regardless of whether this is enough for you and your family. That is why, after all, many working people do not leave the desire to create their own business.
NOT / Handy "uncle"
Working for an “uncle” has its advantages, precisely because of which most people still remain in their jobs, never daring to try creating their own business:
- Guaranteed and stable salary;
- Again, guaranteed annual leave;
- Social package;
- No need to take responsibility for the profitability of the enterprise, you just need to perform your functions;
- Career opportunities that encourage you to work hard and improve.
But note that working for a company, a person also loses some opportunities:
- Earn significant income
- Manage your time and have more free time later (as a rule, it occurs after the formation and strengthening of the position of the business);
- Make important decisions related to earnings and standard of living.
Should You Start Your Own Business: Be Realistic
As mentioned above, not all people who decide to start a business become freer, on the contrary, they have to work even harder than citizens working in enterprises. It is not uncommon for novice entrepreneurs to simply not withstand the stress, both emotional and physical. After all, if there were no such loads, most likely every second of us would be a businessman.
Another, of course, an important reason why aspiring entrepreneurs fail is the lack of necessary business skills. This is a strong stopping factor for a person who dreams of starting their own business.
To create a business, of course, you need a certain initial capital. Moreover, you need to be prepared for the fact that the money invested will not be able to pay off very quickly, for example, in a few years, of course, if the business is more or less serious.
To overcome the fear of starting a business and gain at least theoretical skills, you need to attend special trainings, trying to learn at least the basics of creating and further running a successful business.
Finally I want to say: if you really dream of starting your own business, especially if you already have a good idea, then there is no need to be afraid. Take your future business as seriously as possible, plan and calculate every step, work hard to meet the needs of your customers - it is possible that the decision to start a business will be the beginning of a successful and interesting entrepreneurial career for you.
Is it worth starting your own business? It's up to you to decide! In any case, we wish you good luck in all your endeavors! ⓂⒷ
