Sunday, December 19

Start a Biz with No capital?

I always had this question, whether it was possible to start a Business with next to Zero investment.A Typical scenario of a just passed out student from a good grad school with great scores.

Following are the conditions
  1. No Money to start with.
  2. No Investors or partners. You are all alone to begin with.
  3. You cannot take your friends help , No personal favors
  4. You can use your existing resources for your disposal to get some money. Now that does not mean, you sell your house, vehicle etc.
  5. It should be interesting, and you should like doing it. 
With this scenario in mind, what is the best way to to earn some quick money, and then use that money to grow. (quick money does not mean EASY MONEY).

The first thing that came up in my mind was starting a mobile recharge business, very little investment, probably a cell phone (which we already have), and some cash to get the recharge vouchers.
Pros :
  1. very little investment.
  2. No need of setup (Shop, accessories, furniture).
Cons :
  1. Very little profit, almost nill.
  2. The first customers you'd have, sure will be your friends and family members.
  3. Initially you need to advertise, and the cost of advertisement here is more and not required.
  4. No Growth. Well you can get a shop and then start a mobile repairing / mobile retail shop, but it will not be immediate and may take years.
  5. The most important, would i ever want to start a business which does not interest me, or makes me happy. NO.
Conclusion : The mobile recharge business though the simplest, easiest, and  fastest to start,  has much more disadvantages. So technically it is crap.

Back to square one.
There can be many other options, such as a small restaurant, Pc repairing services etc but will it earn us enough on the first month itself, that we start growing exponentially?

I asked this question to few of my friends, interestingly all of them are either studying MBA or passed out MBA's. We never came to a solution , a idea or anything that can be both interesting and can help you grow exponentially without investing much money.

However i had this friend, who was quite sure, and confident that it is not possible to start a business without any capital, minimum at least 1 LAKH indian rupees. I disagreed on the lakh rupees, but i was not able to convince him, that we could earn money with minimum investment.

I know there are great people out there who are millionaire who started from almost nothing, and if i search on internet thousands of articles would pop out, But still this is a question to think about, well at least for me.

Now that i am thinking about the business, lets not forget about the risk it involves, the 50% chances that it might fail, loosing all the money you ever had, and your valuable time.
But again, we would never know whether we would succeed or fail unless we tried. Having two states of mind is a Yes/No kind of situation adds to your dilemma.

Oh and while i am typing this, i just realized, that we are trying to answer a wrong question. The correct question is, whether is it the right time to start a business? 

Courtesy : Internet.
- From "Yet another Procrastinator".

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