Building A Business With Limited Funds

in LeoFinancelast year

People don't believe that you can start a business with very little capital or without financial capital. In most cases, you require human capital, of which you should be the first employee.

Image Source

Any business that requires your knowledge can be started without capital. When I say knowledge, I refer to academic qualifications, skills in production, networking, and connections. Most people don't regard networking and connections as important knowledge that can generate income.

You can charge a certain percentage of money for giving directions to any business venue, connecting individuals with any business prospects, etc.

I visited a shopping centre in my country early this year on an island. If you go there to buy something, you won't encounter the product's owner because various agencies welcome you as you enter the market.
When they find out what you're looking for, they either bring it to you or take you to the store where you may buy it.

They fully represent the owner of the product as if it's theirs, you would make payment to them, and after finishing the transaction, they give money to the owner of the product and take their commission. This is how even professional agents or brokers do.

You can start a business without financial capital if you are interested in being an agent or broker. Or any business that requires your knowledge, such as carpentry, motor mechanics, painting, electrician, etc.

What you only need are marketing skills to get clients. You would also require public relations skills. To know how to communicate with people and develop a good character.

Those who have built houses and hired a builder can testify that it's a nightmare working with those guys, very unprofessional and unreasonable. The same applies to motor mechanics the majority of these handyman people are a nightmare to work with.

They are very unprofessional, lack respect, they don't respect time, agreements, and appointments. You agree to meet the next day at 10 am, but they don't show up. If they are to show up they will come 2 hours later. You try to call, but they don't pick up or the phone is answered by the spouse who is busy scouting for a possible home breaker and not professional.

A business will succeed by showing professionalism such as communication, punctuality, availability, follow-ups, and persistence.
If you want to grow your business, be professional, and mind your language.

Avoid using slang language when negotiating with your client.
Don't use words like "dear" or "love"
This will take away a professional approach.

Imagine during negotiations you are calling your client dear, now you are pursuing payment and you say when should I expect payment and the client says, I currently don't have your money "dear", would you have the guts to change your tone? , just don't behave in a way that will reduce your powers in a deal.
In conclusion, be professional and never become personal.

Sort:  

Marketing is a skill that needs need to develop before you can succeed in your business. You did a great a work here.

You are right bro, You can also start a business without any funds. Thank you for stopping by brother

I totally agree with you, you have knowledge of market, just start-up with loan, when your business start growing just start repaying your loan.... Have faith in yourself n in your idea and then take risk .... This is my opinion.. 😜

Lol, loan is also good but I will advise soft loan. If you go for a high-interest loan, it will give you a problem

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

image.png

100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 173 of my contest just started...you can now check the winners of the previous week!
!BEER
11


Hey @actordontee, here is a little bit of BEER from @pixresteemer for you. Enjoy it!

If you like BEER and want to support us please consider voting @louis.witness on HIVE and on HIVE Engine.

Yay! 🤗
Your content has been boosted with Ecency Points, by @actordontee.
Use Ecency daily to boost your growth on platform!

Support Ecency
Vote for new Proposal
Delegate HP and earn more

Congratulations @actordontee! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 18000 upvotes.
Your next target is to reach 19000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out our last posts:

LEO Power Up Day - September 15, 2023
The countdown to HiveFest⁸ is two weeks away - Join us and get your exclusive badge!