Venture capital USD 1 million down - Who said that every effort should begin with big capital. With a little creativity and the courage to innovate then with a capital of USD 1 million activities generating money has been able to walk. Businesses with small capital mostly in the form of services or service.
This is because the business services sector is not too much costly. Originally there has been a standard tool, the event will run. Another sign appears practically no movement except to the extent of depreciation of assets only. Another case when non-services business, it certainly requires large capital expenditures for materials or material. This activity is more marked movement of the products or their turnover fluctuated.
Loss rate is also relatively small service area because there is still a tool that can be converted to other activities. Differences with non-service businesses typically use tools that can not be used for other activities. There is also a non-services business that requires little capital such as selling fried foods, drinks, electronic pulses and others. With a capital of USD 1 million is actually more than enough to buy additional materials and work tools such as pan frying or blender.
It could also change an object that was originally a low commercial value into something that is worth selling high. Due to the minimal capital used all kinds of work to be done alone. Also usually support tools that are used still relies on what is in the house.
So that business can continue to run the things mentioned below should be considered:
1. Do not hire a
Most of the effort in general will spend 10 percent of the capital to rent a place. Especially if you want to spend a strategic location then issued definitely bigger. By using the house as a pioneering it will save expenses.
2. Build a business with a partner system
At the beginning of starting a business do not think to use the employee. But if you require additional staff to use aid that is around the system for the results. Those who can deal with, among others, friends or relatives.
This system also proved successful in the test of teamwork. If cooperation can be established with a solid and significant business developments with new climbed primed for use of employees.
3. Timeliness or moments
The good small capital businesses offset by a strong concept. In it there is efficiency in every respect so that each time spent actually produce results. Thus someday be duplicated in other areas.
Usually also will follow the movement of the time such as when widths make and sell when the new year lanterns were made and sold trumpet. One moment certainly will not attempt a turnover.
4. Separate between private money and effort
Many actors feel lucky but actually still minus. This is because the problem of transportation, communication and electricity are not properly managed. Still not separated between personal effort and money making profit or loss to be biased. When he was talking about the business then there is only profit and loss, although the right is used personal money. Many of the businesses do not pay attention to three things above and maybe there was something else.
The selected any effort really is not an excuse to retreat and fear. Large and small capital without creativity that is just a waste of money, time, energy and thought alone. So wake up efforts begin now with creativity and a strong concept, being the capital is only a supporting factor.