Every One has Dream & desire to be an Entrepreneur , But very few people are able to make their dream come true . The Journey of entrepreneurship looks pretty easy and exciting in imagination but when you to start your journey , you find it totally different than your imagination , because the journey of entrepreneurship is full of Risk , dare , dedication , hard work , failure , financial problems , etc.
Yes , The biggest problem is financial problem in this journey . if you belongs from poor or medium class family then your first priority is to ensure the bread and butter for your family. Your passion, emotion, dedication , talent everything comes latter . Also the journey of entrepreneurship is extremely difficult in starting stage , because in startup it requires lot of money to be invested in any form considering huge risk factor , Hence most of the economically weak people break their beautiful dream here and keep them on safe side by depending upon job which could provide him a regular income.
But still few people dare to walk on this way , those who have a true dream & desire to become an entrepreneur . No one could stop these guys , because Entrepreneurship is all about making money starting from the bottom ,if you are not able to do this , that means you don’t have entrepreneurship qualities skills , A real entrepreneur knows different ways to make money from various sources , keep his family in safe side , and how to manage his financial needs for his dream. So I am discussing here some points which will help financially weak people to be a successful entrepreneur.
1 – Look up for a regular source of income , without your time Involvement – Before starting your journey , find a regular source of income , which meet the bread & butter requirement of your family , without your involvement , that means you need not to give your precious time for earning your livings , you have to save your time for your dream & plan. There are lot business which does not require your involvement, example – Create a Successful blog , website , or YouTube channel , or any software which sells regularly and pay you regularly . If you belong from medium class family – Rent your house, shop, etc & there are lot of ways to keep your family in safe side , just think from your side which would be applicable to your case.
2 – Invest money to create other income sources which let your earn maximum profit with minimum involvement – Whatever the money or profit you earn , don’t store them , invest those money by starting a different source of income which pay you more profit with less or without your time involvement.
3 – Show your friends & relatives your business growth & profits and ask them to buy your company share , which will let them to earn as well as will allow to expand your business.
4 –Work Hard , Don’t Trust anyone & keep eyes on every employee – In the beginning , you need to work extremely hard , even harder than your employees , because it is the most curtail period , where any big losses could shut down your business.
5 –Keep Patience never give up – In your journey you will face repeated failure , losses , loneliness , and trouble , but keep yourself motivating .
6 – Learn from your failures: Don’t get hopeless , believe on yourself and try to learn the lesson from your failures so that you never make the mistake again .
7 – Don’t Quit in any worsted condition, keep your dream alive . [Read more…] about Tips to be a successful entrepreneur without money