Start your business can become discouraging. Perhaps the need for capital, permits, staff, and many other things discourage your entrepreneurial spirit a little; However, keep in mind that there are many companies that were created from a garage, by a single person, and with little capital.
Believe it or not, creating a company on your own or being a “solopreneur” is often the easiest way to start your business, and even make it grow exponentially and demand other resources for its operation. Here are 5 ways to start your business:
1. Do something that you love:
If you’re thinking about what kind of business to start, the best thing you can do is identify what you’re passionate about. Do you enjoy making jewelry, sewing, pottery, gardening, working animals or a good eye for photography?
Taking a passion and turning it into a business is one of the best reasons to start your business.
Those businesses based on a passion and the enjoyment of their entrepreneur tend to have a greater chance of success. Customers are usually inclined to buy from people who are excited by their products and services. Continue reading: 10 Business ideas without money that you can start today
2. Identify a market gap:
Lere Mgayiya lives in South Africa and has always felt entrepreneurship as a way of life. Once he participated in a contest for television for entrepreneurs, which he won, and with that money, he decided to start his first business.
Unfortunately, this one failed. The fact of having lost the money of the competition and being seen as a failure by his friends and family, made Lere hit rock bottom.
Any day, sitting in a market, he observed a person shining shoes; There he had his moment, there he came up with his idea … Lere concluded that this type of business would work much better at airports.
With only $ 140 dollars of investment from his mother, and after selling his television, radio, and refrigerator for another $ 940 dollars, he ordered 2 wooden chairs from a carpenter, and despite having to wait more than a year for the approval of the airport , finally launched his business to shine and clean shoes.
Today Lere has its brand in 5 airports in South Africa and has 44 employees.
What can you learn from this little story?
Business ideas and opportunities are everywhere, you just need to identify them and have the courage to execute them.
Failure is part of your process as an entrepreneur. The important thing is to try again.
It is possible to start your business with a little money, and this story is a clear example.
3. Become a consultant or an independent contractor:
Are you a digital marketing guru, a finance genius, a management consultant? Why work for someone else? Use your skills and knowledge, and become a consultant or independent contractor.
The consultants are remunerated in a very good way for sharing their knowledge, advice, and experiences; and in many cases, they are paid to analyze cases, identify problems and offer solutions. They do not do the work, they just analyze it.
Even fashion experts can create your company based on their tips to dress better.
4. Freelance or Independent
Many writers, graphic designers, web developers and technicians are working on their own. Normally, when a company cuts expenses and personnel, these people decide to become independent.
Being a freelance has become a growing trend and an attractive alternative as a source of income in recent years. According to statistics, it is expected that 40% of the US workforce will be composed of freelancers, part-time workers, and contractors by 2020.
Being independent is an economical way to start with your business idea. A computer, an internet connection, a cell phone, a desk and a workstation are all you need to start.
5. Start your business online:
For those who love the digital world, the internet has allowed us to generate a large number of ways to earn money, and again, to create companies at low cost: a computer, internet, and a website is what you need.
Here are some businesses online:
Sell a service such as consulting or advice; Evan Marc Katz, for example, lives from the loving advice he does remotely. His promise is that you should give him 5 minutes a day and he will get you a husband.
- Create an online course
- Write an e-book (it can be fiction or not). Both can be published and sold online.
- Sell products through platforms like Amazon, eBay, and
- Create a unique product and sell it on your website.
- Design applications
- Create a blog
All the options you just read require a lot of work, so do not believe in that lying theory of getting rich overnight. Yes, you can make a lot of money on the internet, but you must be smart about the way you handle it. Additionally, you must be careful with all the scams that are presented online.
Sadly many online businesses fail, and this is because their entrepreneurs buy the idea of thinking that online business is easy and based on this theory to develop their business.
The key to any successful business is to offer a service or product that helps others, that solves a need or solves a problem.
So do your homework and learn how you can build an online business before making the leap; If you do it correctly, your digital business can be very lucrative and can generate some passive income.
If you decided to start your online business, then “Entrepbusiness” recommended to you read this article: 10 ideas to start a profitable online business in a few months