Robert Maynard's Entrepreneurship Tips
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Transcript of Robert Maynard's Entrepreneurship Tips
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Robert Maynard’s Entrepreneurship Tips
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Any person who’s been successful in entrepreneurship will tell you that it’s difficult.
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The word is difficult enough just to spell, and starting a business implies a lot of financial risk
and the constant amassing of stress.
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On the other hand, entrepreneurship has the potential to be a highly gratifying experience.
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After all, few things are more satisfying than bringing your own ideas to fruition, and in a nation where a capitalist system
allows a relatively open market, the opportunity should be available to everyone.
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Though financial resources, cultural capital, and educational attainment serve a large role in predicting an individual’s success in the white collar sector, it is possible for someone to start their
own business with little to no financial capital to boot.
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Here are a few dos and don’ts of starting a business with no money:
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Ride the breeze.
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It’s difficult to get a product-based business off the ground with few upfront resources, but a service-based
business often requires little to no initial investment.
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Try starting in the service sector and moving to products later.
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Work hard and persist.
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As cliched as it sounds, anything is possible when you put your mind to it.
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Times will undoubtedly get tough, but you’ll never reach your goal by given up.
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Stay true to your ambitions and never give up on your ideas.
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Get creative about garnering funds.
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Inquire about the extent of employees’ skills, and find a way to put them to work.
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Try to find an incubation program to believe in you.
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Take advantage of cloud funding.
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Distinguish yourself.
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When you need funding in a pinch, showcasing the merits that make your company both profitable and distinct from other companies can make all the difference in getting a loan from
banks and investors.
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Obviously, starting a business from scratch calls for much more than following four simple steps, but hopeful these
ideas can help guide you along the way.
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Best of luck!