1.- Avoid the rush. That you need to generate resources to live does not mean that you rush into the decisions you are going to make. Start, yes, but with a lot of head. Analyze the market and mainly look for a need to be covered or a complementary service that provides added value to a product and / or service that already exists.
2.- Avoid starting a business of 'more of the same', because surely 'others' have already thought the same as you. For example, focus on emerging markets.
3.- Without haste, but without pause. You are looking for a business that is quick and easy to implement. Do not get involved in philosophical ramblings about the idea and do not doubt whether or not it is time to undertake. Remember that you have decided to do it and it is better to park your doubts. Focus on getting started at 100%, not on your spare time. It is already!
4.- Minimum investment. Unless you have inherited a fortune, think about a business that requires a minimal initial investment.
5.- Indebtedness, zero. Start with your own resources and if you have to ask for money, let it be little, from a trusted family member or friend who offers you some freedom of return.
6.- And money for later. Important, do not forget to calculate how much and how you will get money to support yourself once the business begins.
7.- Fixed cost, to the minimum. Make beads and more beads and search even under the stones. Reduce the fixed costs of your business to the minimum expression. Outsource everything you can, except your core business, of course. That is sacred. Focus on it and outsource the rest.
8.- Only in the face of danger? Remember that you undertake alone, but that does not mean that you do not seek collaboration and alliances in other entrepreneurs like you. Together it will be easier and cheaper. There are many forms of collaboration in the market (see Entrepreneurs dossier No. 158, pp. 96-98). Choose the ones that best suit you.
9.- Collections and payments. That is the key so that you do not die at the first change. Control all your customers in detail. Calculate the deadlines between collections and payments and try to make them as close as possible. This will ensure liquidity and peace of mind to face the challenges that arise.
10.- Anticipate. Take time to stay informed of all the market trends and develop B-plans that help you turn when the wind changes.
11.- Do not isolate yourself. Do not lock yourself in your business. Get out there and meet other entrepreneurs. There are many forums for entrepreneurs, both online and in person. Take advantage of contacts to exchange ideas and experiences and, why not, share clients. With this, you will contribute to a bigger market and greater business opportunities for everyone, and for you, too.
WHERE TO FIND BUSINESS OPPORTUNITIES
The first advice is that you start in a market that you know, Above all so as not to waste time investigating new ones and so that you do not have surprises. But, since it is not a rule that you have to brand yourself with fire, look for opportunities everywhere. Where can you find ideas ?:
In your work experience, your training and your hobbies. Listen to ideas from your closest environment. Needs not covered, in general, and, by default, in the market in which you have previously operated or know a priori. If you know or position yourself in a sector, analyze what the competition does, to improve it, and also what it does not do. Analyze business lines that large companies have abandoned and study their viability.
Adapt ideas that work in other sectors and / or national and international markets. Study the possible opportunities that could arise as a result of future legislative and / or social changes.
Very important: stay constantly informed (not only press, but also studies and reports). Listen and observe everything that is said and happens around you. And, first of all, don't reject any idea.
Fountain:
http://www.emprendedores.es/
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