In this article you will know why money is not important to create company.
It is necessary to be sincere; both your idea and money are important to start a business. To create a company you need an investment, which can be small or maybe huge; but you must do it to take the first step.
The problem is that most people tend to think that the most important thing is to have enough money. If they don’t have it, they don’t start, even if they have profitable business ideas; which is very sad.
If you think like this, you are missing out on great opportunities that may never come again.
Having a source of capital to finance your idea is definitely a big help. However, more money will not transform a bad idea into a good one; or a bad execution into a good one. What it can do is improve and speed up the development of something that is excellent.
Remember that some of the great companies around the world started with a small capital; and today they lead their industries and have great influence on the economy of the countries.
Great entrepreneurs started from scratch, in garages, in situations that no one would think possible to create a company and they still succeeded.
Money is not important to create a business.
For Richard Branson, founder of the Virgin group, his company started with a small amount of money; but with an abundance of passion and drive.
As Branson states in an article: “It is more important to make sure that the product or service you are developing is the one that people are looking for.”
A startup can start with a huge injection of capital and create the best product, but without demand, there will be no success.
Money is not important because good ideas always find funding. Trust me! Before thinking about where the money is going to come out, there are other variables that you should consider.
Demand.
Branson strongly recommends measuring demand. According to him, the simple exercise of asking potential customers their opinion about the product, what they would like to see on sale, and how much they would be willing to pay; It will provide you with valuable information to keep moving forward. Test your business model first before seeking capital.
Also read:
- What is a business model and why is it important for my venture?
- The Canvas business model, the first thing you must learn to create a company.
- 11 examples of business models for you to start making money.
- Business model: Definition and examples that will inspire you.
Time management.
Another important aspect is time management, since it is very possible that you are trying to maintain a balance between your work and the development of your idea.
Branson recommends being as efficient as possible. Since you will need to invest time in your learning and in the execution of your idea.
Surround yourself with the right people.
Another great advice that this entrepreneur gives us is to surround yourself with the right people. Those that contribute day by day to the fulfillment of our goals.
Invest your time with people who are smarter and more experienced than you in certain aspects of the business. This will allow you to learn from them and use their strengths to minimize your weaknesses.
Keep the passion for what you do.
However, the most important advice is to know how to maintain your motivation and passion for creating a business.
The reason is very simple: starting your own business is very hard in most cases; It is a path full of risks and uncertainty. If you don’t have enough passion, be sure you’re going to quit.
“Creating a business is a great adventure, which will give you the opportunity to do what you really love, while enjoying the journey.”
-Richard Branson.
Conclusion.
Money is not important to create a company, because good ideas always call for capital. What is truly important are the other variables that you must consider.
We hope this information changes your idea a little that without money, you cannot start. And that you motivate yourself more to fight for what you want.
And remember, if you are really interested in creating your own business, you can read our book “How to create a company while working: Discover how to manage your time, manage your money and motivate yourself while creating a company and working for another” , where you will find all the information you need to found your own company, without having to leave your job.
