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❓ASK Should I start a business with the little I have or wait till it accumulates?

K

Kennysplash

Guest
Many people have started from scratch and have made it to the top successful. At the same time, others start at the top by spending a lot of money. Right now I am caught in between. Do you think I should start with what I have now or wait till I can save more and add to it?
 
It will always depend on the type of business that you are going to start and the amount of money you have saved. Starting with a little amount of money is kind of risky, you have both chances to either win or lose. However, most of the successful entrepreneurs say, " never be afraid to take risks"
 
I must advice you in business you don't need to rush but if you feel the little you have would start up great then you are good to go. But in my own opinion I will advice you wait alittle
 
Yeah, that's just my point anyway. There are so many businesses I know in my area that actually started very little, that was years back but now are the talk of the Town and the people's favorite.
Yeah, most big businesses started small. So one should not wait till they have a large sum of money of till the time is right. The time is just right as it is and you can start with the small amount you have.
 
The right time to start depends on the capital you would need to start the business. If the money at hand isn't to startup, you would need to accumulate more.
 
that's the only difference among the rich, middle class and poor. The poor are always afraid to invest what they have because they might lose it all, the middle class saves in the place of invest and the rich stay rich because they are afraid of not investing, so they invest.
Well, in that case is no one's fault. The rich as you said feels comfortable to make huge investments because they surely have extra enough money in case they lose their investment. But this isn't the case for the poor, they have very little and channeling it to investment is a risk they wouldn't want to take
 
It will always depend on the type of business that you are going to start and the amount of money you have saved. Starting with a little amount of money is kind of risky, you have both chances to either win or lose. However, most of the successful entrepreneurs say, " never be afraid to take risks"
As far as the money you have at hand is enough to atleast setup the business you have in mind then I see no extra risk in starting the business immediately, then make developments in the business later
 
Yeah, most big businesses started small. So one should not wait till they have a large sum of money of till the time is right. The time is just right as it is and you can start with the small amount you have.
Yeah, that's the best option here for no one knows what will happen the next second. You might be even tempted to make use of the money, so one needs to take the bold step to startup the business immediately to avoid later regrets
 
One thing that makes a business to succeed is having the proper knowledge and idea. I always advise people to start small instead of going into loans or waiting for it to accumulate. It is better you start small and manage the business well.
 
We all start from somewhere. If you wait for the sun to go down before you leave the house, you might end up not going anywhere. Start with the little you have now. Later on you can upgrade.
Yeah, I do agree with your point. We never can tell what will happen the next minute, procrastination is the killer of time. We just need to start with the little we have and develop on it afterwards
 
The nature of business you want to do will determine if it's a start your business now and how competitive the business is environment or if it is online to check all these things then take your decision.
 
I would advice you to start up the business with whatever you have as long as it is enough to startup, no need waiting for the major capital, anything could come up at anytime. Startup and grow the business.
 
Many people have started from scratch and have made it to the top successful. At the same time, others start at the top by spending a lot of money. Right now I am caught in between. Do you think I should start with what I have now or wait till I can save more and add to it?
This decision is subjective entirely to the nature and kind of business you tend to achieve,if it is a long term business I suggest you save more compared to short term business.
 
Business should be started if the capital at hand is enough to start from somewhere. This is because waiting for it to accumulate may take longer period. But we should not be afraid to start from somewhere.
 
You really have to be careful when you are making this decision because there are some business that will require a lot of money to maintain it before they are able to generate profits, you have to know the type of business first if it will not require so much maintenance.
 
I will like to point out that this will very well depend on the particular kind of business that you will want to start. Provided that you have the necessary materials and stuff to make a meaningful progress I will advise that you should start immediately and then look forward to scalling it off later
 
I will suggest you start with the little you have and grow your profit as time goes on , because what have effect on a business growth and development most times is the management of the resources
 
Many people have started from scratch and have made it to the top successful. At the same time, others start at the top by spending a lot of money. Right now I am caught in between. Do you think I should start with what I have now or wait till I can save more and add to it?
First you decide how many funds in enough for business which you want to start. It is saying that little capital eat owner. When we start business, in beginning we faced many problems, to face these we need money.
 
If the amount you have on ground is capable of starting the business from scratch, you can start. When you begin to make profit, then your capital will be increasing as you earlier wanted.
 
One thing that makes a business to succeed is having the proper knowledge and idea. I always advise people to start small instead of going into loans or waiting for it to accumulate. It is better you start small and manage the business well.
That is a good advice to give people. It is truly so much better to start small and let your business grow. It is more preferable than taking loans that you later fail to pay.
 

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