Wednesday, November 19, 2014

How Much Money You Need To Start Business?

This is one of the first question that comes to your mind when you are thinking about become an entrepreneur.  It is obvious that I’m not going to give you specific numbers, but I will try to prove you that having big amount of money for start-up does not mean success. And, with just very little amount of money you can create really valuable business. If you still don’t have any idea what you are going to produce or create you can read this article.


Some companies showed us in the past that `if you have big amount of money you spend big also`. Because when you have big amount of money, you don’t care so much about small costs (especially when you are just starting) On the other hand, if you have very limited amount of money probably you are going to spend it only for the most important things.

Have you ever heard about boo.com? I guess not. It was established in 1998 and the company’s plan was to become the largest online global retail sport site in the world. However, the company resisted just one and half years but the investment was 155 million USD. They had money, they had an idea, but they couldn’t manage it and lost everything.
Where Google! was born
Furthermore, the money is not the main case for starting business. A lot of really successful companies started their business in the very limited financial situation. The most famous and successful example is Apple. Steve Jobs (at the age of 22) started from selling just 50 $500 worth computers which he and Steve Wozniak made in Jobs’ garage. Now Apple is one of the most successful company in the world with quarterly revenue about 40 billion USD.

Did you know that Google started as a university project and again in the garage? And now, this project turned to the biggest multinational corporation in the world.

Another example; Amazon started as an online bookstore. By that time they even didn’t have real office. And right now this company become the biggest electronic commerce company.

As you can see in this small article, if your idea is really great, the money doesn't matter. I strongly believe that; You have to be really motivated, start from small and be patient. Who knows maybe, one day your company will be on the top like Google, Apple or Amazon. 

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