Would you start a business before you have the necessary money to have everything you need

[Nuno da Silva]

Wanted to ask if when you started your business, if you actually had the money to let's say launch your product, APP, website, business fully or if for example you thought you needed £50 to start a business but only had £20k, you nevertheless started it and then either by continuing to work or savings you build it up.
The question I guess is do you wait until you have what you think you need to fully launch your business or if you want to launch 3 products but only have money to launch one you start with one and then see what happens.
Let's say it would taker you an extra 6 months, 9 months to save to get the rest of the money you need.
Thank you

 

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[Vasudev Soni]

Wanted to ask if when you started your business, if you actually had the money to let's say launch your product, APP, website, business fully or if for example you thought you needed £50 to start a business but only had £20k, you nevertheless started it and then either by continuing to work or savings you build it up.
The question I guess is do you wait until you have what you think you need to fully launch your business or if you want to launch 3 products but only have money to launch one you start with one and then see what happens.
Let's say it would taker you an extra 6 months, 9 months to save to get the rest of the money you need.
Thank you

 

[Nuno da Silva]

Starting a business can be a daunting task, especially when it comes to funding. It's natural to want to have all the necessary resources before launching your product or service, but sometimes that's not always possible. When I started my business, I had some savings, but it wasn't enough to fully launch the product. However, I still went ahead and launched with what I had, and I continued working to build up the business.

In my opinion, it's better to start with what you have than to wait until you have all the resources you need. It's okay to start small and gradually build up your business as you acquire more funding. It's important to have a solid plan in place and to be willing to make adjustments as needed. Starting small also allows you to test the waters and see if your product or service is viable before investing more money into it.

Of course, there are risks involved in starting a business with limited funds, but sometimes those risks are worth taking. It's important to weigh the pros and cons of each option before making a decision. If you decide to start with one product instead of three, you can always work towards launching the other products later when you have the funds.

In conclusion, while having enough funding to fully launch your business is ideal, it's not always necessary. Starting small and gradually building up your business is a viable option, especially if you're willing to work hard and make adjustments along the way. Ultimately, it's up to you to decide what's best for your business and to take calculated risks as needed.

Thank you.

Thank you, appreciate the answer.
Regards

 

[Subsonic]

Starting a business can be a daunting task, especially when it comes to funding. It's natural to want to have all the necessary resources before launching your product or service, but sometimes that's not always possible. When I started my business, I had some savings, but it wasn't enough to fully launch the product. However, I still went ahead and launched with what I had, and I continued working to build up the business.

In my opinion, it's better to start with what you have than to wait until you have all the resources you need. It's okay to start small and gradually build up your business as you acquire more funding. It's important to have a solid plan in place and to be willing to make adjustments as needed. Starting small also allows you to test the waters and see if your product or service is viable before investing more money into it.

Of course, there are risks involved in starting a business with limited funds, but sometimes those risks are worth taking. It's important to weigh the pros and cons of each option before making a decision. If you decide to start with one product instead of three, you can always work towards launching the other products later when you have the funds.

In conclusion, while having enough funding to fully launch your business is ideal, it's not always necessary. Starting small and gradually building up your business is a viable option, especially if you're willing to work hard and make adjustments along the way. Ultimately, it's up to you to decide what's best for your business and to take calculated risks as needed.

Thank you.

Man why the hell do you just past chatgpt here.

 

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[Vasudev Soni]

Man why the hell do you just past chatgpt here.

What makes you think I used chatgpt for this?

 

[Vasudev Soni]

Thank you, appreciate the answer.
Regards

Thank you, buddy. You can always dm me if you want any more help in your business.

 

[Creative_Name]

Starting a business can be a daunting task

 

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[nopalmer]

I've seen the word "daunting" more times in the last few months than during my entire lifetime. I think I'm becoming allergic to it.

 

[Kak]

Wanted to ask if when you started your business, if you actually had the money to let's say launch your product, APP, website, business fully or if for example you thought you needed £50 to start a business but only had £20k, you nevertheless started it and then either by continuing to work or savings you build it up.
The question I guess is do you wait until you have what you think you need to fully launch your business or if you want to launch 3 products but only have money to launch one you start with one and then see what happens.
Let's say it would taker you an extra 6 months, 9 months to save to get the rest of the money you need.
Thank you

I wouldn’t start another business that didn’t require more than I had.

 

[Kak]

Starting a business can be a daunting task, especially when it comes to funding. It's natural to want to have all the necessary resources before launching your product or service, but sometimes that's not always possible. When I started my business, I had some savings, but it wasn't enough to fully launch the product. However, I still went ahead and launched with what I had, and I continued working to build up the business.

In my opinion, it's better to start with what you have than to wait until you have all the resources you need. It's okay to start small and gradually build up your business as you acquire more funding. It's important to have a solid plan in place and to be willing to make adjustments as needed. Starting small also allows you to test the waters and see if your product or service is viable before investing more money into it.

Of course, there are risks involved in starting a business with limited funds, but sometimes those risks are worth taking. It's important to weigh the pros and cons of each option before making a decision. If you decide to start with one product instead of three, you can always work towards launching the other products later when you have the funds.

In conclusion, while having enough funding to fully launch your business is ideal, it's not always necessary. Starting small and gradually building up your business is a viable option, especially if you're willing to work hard and make adjustments along the way. Ultimately, it's up to you to decide what's best for your business and to take calculated risks as needed.

Thank you.

 

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[Fox]

What makes you think I used chatgpt for this?

The fact you sound like a robot.

 

[MJ DeMarco]

When I started my business, I had some savings, but it wasn't enough to fully launch the product. However, I still went ahead and launched with what I had, and I continued working to build up the business.

In my opinion, it's better to start with what you have than to wait until you have all the resources you need. It's okay to start small and gradually build up your business as you acquire more funding. It's important to have a solid plan in place and to be willing to make adjustments as needed. Starting small also allows you to test the market and see if your product or service is viable before investing more money into it.

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[Creative_Name]

But you know, I kind of agree with the general direction the advice gives. Maybe it’s because I’m working away at a job to fund my marketing practice.

I just feel that it’s kind of an excuse that people have to have everything completely ready. Unless you know everything, have all the experience, have enough starting capital to fund a brand new paper mill, and have all the connections made to run the business, when are you ever ready?

And there’s something special that happens when you’re limited in resources and have to get creative.

 

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[Nuno da Silva]

But you know, I kind of agree with the general direction the advice gives. Maybe it’s because I’m working away at a job to fund my marketing practice.

I just feel that it’s kind of an excuse that people have to have everything completely ready. Unless you know everything, have all the experience, have enough starting capital to fund a brand new paper mill, and have all the connections made to run the business, when are you ever ready?

And there’s something special that happens when you’re limited in resources and have to get creative.

I agree with that and following from that advice would you start something that you like, love or know about or a business you research and that you think will be successful.

For example and though they are very similar and potential can be merged would you rather start a perfume brand (more difficult to make it work certainly initially) where consumers really need to smell and like the fragrance to buy or body care skincare where fragrance is still important but more general giving a better chance to succeed.

 

[Creative_Name]

I agree with that and following from that advice would you start something that you like, love or know about or a business you research and that you think will be successful.

For example and though they are very similar and potential can be merged would you rather start a perfume brand (more difficult to make it work certainly initially) where consumers really need to smell and like the fragrance to buy or body care skincare where fragrance is still important but more general giving a better chance to succeed.

Well, I’d look to do something that had potential to help people, rather than what I love, because my interests wax and wane. One day it’s circuitry, another day it’s baking.

If I do what helps people, I could grow to like and love the impact I make, like how I didn’t go into electrical work knowing I would love it, I just knew that I was making a long-lasting impact and that a properly wired house would bring joy.

Body care skincare. My poor sense of smell means that I can’t sell my products in good conscience. With body care, the results are visually noticeable.

 

[Kevin88660]

Wanted to ask if when you started your business, if you actually had the money to let's say launch your product, APP, website, business fully or if for example you thought you needed £50 to start a business but only had £20k, you nevertheless started it and then either by continuing to work or savings you build it up.
The question I guess is do you wait until you have what you think you need to fully launch your business or if you want to launch 3 products but only have money to launch one you start with one and then see what happens.
Let's say it would taker you an extra 6 months, 9 months to save to get the rest of the money you need.
Thank you

Choose an idea that needs less money.

$20k does have good options.

 

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