Wednesday, February 27, 2008

Capital, Knowledge Or Courage?

What does it take me to start a business? Capital, Knowledge or Courage? Some say, "If you don't have money or capital, you can't run the business or even register a company name"- Right; some will say, "Even if you have money, without the knowledge you don't even know the first step to get your business going" - Correct too! And some will also say, "Without courage, nothing is possible" - True enough. It seems like all of them are needed.


To me, yes, I do not deny that I need capital (money or funding), knowledge (but I will extend this to experience & business connection), and courage (guts) to start a business. But the good news is that you don't have to start a company before you can do a business. Just go with a comission based project, consultation, or distribution. Until you think you do need to show people with your name card, then just register a sole proprietorship at the Mall, second floor, which only costs you RM150 (don't tell me you don't even have RM150 in your saving, if so, you are really in a deep financial shit). But then if you don't have an appropriate knowledge, then go learn it. Ask an expert, get a mentor, get a job in a relevant industry, attend some relevant seminar boost up your business sense. Just go get the knowledge you need to get, this is what your brain is for-- to store knowledge. But above all, all you really need is COURAGE. You can't loan it nor buy it from anyone or anywhere else. It will only come if you have a burning desire and determination to make a CHANGE in your life. Without courage, you ain't nothing, you will be fear of getting out of your comfort zone, fear of unstable income, fear of losing the valuable leisure time, and fear of whatever even a potential customer standing right in front of you.

All entrepreneur wanna-be, just get you mental block eliminated. Starting a business is really not that hard. Just do it (with calculated risk), BE POSITIVE, and amend the flaws along the way. Always get a second opinion on your business plan from those successful businssman around you. Try not to or perhaps NEVER get opinions from those who are not even in a business themselves (unless you are doing marketing research), because most often they will mislead you or worse, discourage you to the extend to increase your fear factors.

"Get you mindset correct is priority, after that anything else won't be a matter to you anymore."-SL Ong

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