We all have those ‘Eureka’ moments from time to time – when the perfect business idea pops into our heads, but how many people actually convert their business ideas into a reality?
In a study by Inc.com, 63% of 20-somethings either owned their own business or wanted to start one in the near future. It is important to remember that there are no age limits when it comes to starting your own enterprise.
So what’s stopping you?
You have the idea – you clearly have the brainpower. What you need to add to that mix is initiative, some start up money and of course some: drive, determination and guts.
Let’s deal with the former, shall we? Initiative is essential for anyone wanting to make their mark on the world. It is what sets you apart from your peers – it is what distinguishes leaders from followers and it is what will turn your vision into a business that works, that inspires and consequently generates profit.
Next, you will most likely need to put some investment into your business to get it off the ground, especially if you plan to go into retail.
Whether you’re based in Peterborough, Preston or Portsmouth, small business loans Peterborough are offered from companies like Foundation East and can solve this problem for you.
A little cash injection is all you need to buy stock, source your business premises and kit yourself out with equipment, transport and uniforms.
Your new start up company doesn’t need a huge cash injection either – just a small loan will suffice. You can work from home initially if your business model allows it or why not recruit friends to initially help you on a pro bono basis?
Check out government initiatives that offer support to new businesses and be thrifty when it comes to new purchases.
Entrepreneurship has appeal, that’s for sure – from flexible working hours to creating a fun environment. But, most of all knowing that all your hard work is benefitting you and if you can get it off the ground without racking up huge debts, then you already have a head start.
Why not look in the mirror and dare yourself to make your business dream come true?
Statistics source: http://www.inc.com/minda-zetlin/63-percent-of-20-somethings-want-to-own-a-business.html