A lot of young entrepreneurs think ideas are worth millions. No, we all have brilliant business ideas. It’s the novel execution that is worth something.
By Valden Findlay.
Lusaka, Sept. 10 – If what is stopping you from starting a business is capital, then you are not an entrepreneur. An entrepreneur is comfortable with being humble and starting small. If your idea of entrepreneurship is starting with a bang on borrowed money, then we can bet on this. You are probably not going very far.
Also Read: Sustaining a business in a struggling economy – Valden Findlay.
If you can’t risk your own little savings, if you can’t risk your ego and do what it takes to raise your own couple of thousands with only effort and creative thinking. If you can’t sacrifice your desire to impress, don’t start a business. It will cost you more than money.
A lot of young entrepreneurs think ideas are worth millions. No, we all have ideas. It’s the novel execution of an excellent idea that is worth something. You can’t risk other people’s money to test your ideas. If you cannot believe in yourself and prove to me that you do, then I would be crazy to believe in you.
You can’t allow yourself to be ankle shackled with your certain loan repayments whilst everything about your business is an uncertainty. So here is what you need to do:
◾Start Small, Think Big
Beginning with your available resources is a strategic move. It compels you to be resourceful, innovative, and hyper-focused on your objectives.
◾Organic Growth
Bootstrapping your startup allows you to accumulate invaluable experiences, make calculated decisions, and establish a sturdy foundation.
◾Use Loans As Catalysts
When your business is operational and thriving, loans can act as the accelerant you need for expansion and scalability. Use them strategically.
Also Read: How to handle risks, criticism, and negativity in business – Valden Findlay.
Gain inspiration from my experiences. Remember, the path to success may be challenging, but some of the most triumphant businesses were built on tenacity, not debt.
Share these little insights with your fellow entrepreneurs and empower one another to reach new horizons!
To make well-informed and thoughtful decisions, one must be able to see things from perspectives other than one’s own. Gain new perspectives by following Woodpecker’s Digest! Reading does open up a world of possibilities.
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