Living paycheck to paycheck does not get you quite far. More often than not you will be stuck out there and end up in a stressful life you could ever imagine. The worst part of it is that you are going to be a life full of misery if you are not careful. Why not venture into a business? You would probably say, “I do not have money to start one”. Who said you need to have cash in order to start one? All you have to do is to give value to people and get paid for it in return.
To give you a visualization on how to go about it, read on:
1. You can always start off by rendering service to people.
This is by far one of the easiest things you can do. Say, for instance, you are good at cleaning windows or a home. You can start off with a cleaning service. You can use materials and equipment you use at home to clean your own windows.
2. Do offer something you love doing.
Starting up a business demands a lot of time and effort on your part. You need to have the stamina to sustain everything in the long run. The only way you can do is when you do offer something you love doing. You will never feel tired at all. You can work long hours. It fuels you to wake up every morning and do what you need to do for your business.
3. Price should be lower to that of your competition.
When it comes to pricing always consider how much your competition is charging. You cannot just ask for a higher fee when you there are other companies out there who do offer much l lower than you. You just started. You need to establish a reputation that you are the best in what you are offering. One way you can convince people to hire you is when your price is a bit lower to that of your competition. Just a few dollars less will make the difference.
4. DIY first.
You cannot afford to hire someone to help you. Testing out the waters first is the key here. DIY first, formulate a system on how to go about with your service until you have the perfect one. When you have a steady pool of customers, then consider the idea of hiring employees to help you out.
This is where you can either make or break your business. The tendency of other businessmen is that they are expanding without even foreseeing other factors like sales, expenses, and whether or not it would be sustainable. Some even do a forced expansion. This will in return will give a not so good result profit wise.
As you can see above, you need not have money in order to start your own business. You can start from scratch with only one thing – the skill which you are good at and love doing. This is your key in going to that road of financial freedom through having a business. It may take some time before you can even have an established business. It would be all worth your hard work and dedication when you see how your it goes.
You need to make sure that you can endure spending long hours in order to put everything together, gain customers, and doing what is necessary to make it all happen. When you have an established relationship with your customers and making more profit compared to your first few months, then you can say you have done it! Now, the challenge you need to face when it happens is to be able to sustain and aim even higher. Do not even come to a point where you are comfortable where you are at. The next time you know it your competitor is taking over.
10 Strategies for Startup Success