Greetings from Singapore

[Pyrob]

Hello all,

I'm a 25 year old who graduated with a Bachelor Of Commerce, majored in Finance & Banking earlier this year. I came across MJ's Unscripted book a few months back, I've very much enjoyed reading it. I'm close to finishing it. The book has opened my mind on how entrepreneurship worked. My goal is to achieve financial independence and never work again.

I want to start a business but I'm not sure where to begin. I've no entrepreneurial experience. I'm considering whether to create apps or start e-commerce business. Can anyone give any pointers?Thanks!

 

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[WebMedic]

Greetings from KL!

Advice I can share on starting up is you want to start small.

An app will be more difficult to pull off at first because there are so many variables involved, cost in development and marketing the app alone is a major problem.

Ecommerce is easier because you don't have to worry about the technical stuff thanks to Shopify and other platforms. You can do it with less risk thanks to dropshipping.

Whichever one you choose, don't overthink the brand, social media presence or anything other than getting your first customer.

Go from step 1 to 2 and so on.

All the best!

 

[TYRWinter]

Hi from a fellow Singaporean, aged 27, currently based in the U.S.

I agree with WebMedic that starting out with an app would be a costly start. E-commerce is definitely a viable option to get your feet wet and I would recommend you to either:
1. Search YouTube/Google/Fastlandforum for information on how to those out
2. Pay for one of those courses to teach you. The information in those courses are mostly similar to what you can find for free but having some skin in the game shows your commitment and you will be more driven to actually execute on those ideas.

Execution is king so don't get too bogged down on having the perfect product/service, just start out straight away and make changes as well.

I would also recommend checking out Blk 71 and going down in person. Blk71 Singapore
It's Singapore's startup hub and just speaking to fellow entrepreneurs would be a great start to expanding your network and also learning about how different businesses work.