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Now that you’ve finished university it’s time to put the cogs in motion. You can either work for a company doing so etching you can love or you can do it by yourself. Starting your own business will be a mammoth financial decision. If you want your company to survive you are going to be thinking about money every day.
This can be daunting for the creative person who wants to focus more on their product and how it can change the world for the better. But you can’t change anything if your company goes bust so it’s time to put on the thinking cap and start studying up on finance. Where to start?
It’s going to be difficult to start a company with nothing in the bank. Your going to be up against other companies who are already established with millions to spend on marketing. You should see this as a challenge rather than a set back. Time to grab the bull by the horns. Beg, borrow and maybe avoid stealing would be a strong decision to start with. Pitch your idea to as many people as possible to raise funds for your business start up costs. Take out a loan if you have to. You could have a look at Bonsai Finance no credit installment loans for more details. If you can’t get a hold of any money at this early stage you may need to re-think your business strategy. Don’t give up there though, there are other ways.
Crowdfunding through social media has never been easier and more rewarding. With access to millions, you could be spreading your message far and wide for next to nothing. Start a following of die-hard fans and they will be with you all the way. Most social media sites are free and allow you to set up business accounts with them that can help you to sell a product. If your posting great content then people will want to get involved. Once you’ve built up a small fan base opening a Kickstarter account can be a great way of raising those initial funds you’ll be needing.
What’s going to make you stand out from the rest is your awesome ideas. Don’t just sell the same old product that’s been on the market for years. Use that knowledge you have and create the next big thing. Don’t wait for a gap in the market or waste any time searching for one because they don’t exist. You’re going to have to create your own. What’s great about creating your own? You can lead the way. You’ll be making decisions on your own terms and telling others how it should be done. Spend time working on your overall idea and product and it will sell itself.
It’s not going to be easy. Most new businesses fail in their first year but it is possible. Why take orders working for someone else for less money when you know how to do it yourself.