One of my friends, today, asked me whether money or experience is needed to start a business. Because he is a marine engineer, spending whole time in sea life with no passion, he want to found a business on land. Then so he asked if he could left the sea man job and start working on land. If so, the other problem is he doesn’t have enough money to start. He is working on ship to save the money. And then he will use that money for own business. That’s his idea. Now he started confusing as he is not sure if the business will fail as with no experience. So the question you may be interested is what you need to start a business.
That is the main key content needed to start a business. Today people are starting business with no creative idea. When they see some people are getting success by opening a mobile phone shop, they copy it. As there is also no formal copyright law and any other rules to control that kind of condition, no one is getting success. The only one way you can survive is make your idea that other people cannot think of. For example, Steve Job developed iPhone. Still no one can copy it. It is because that idea is awesome and they are also innovative always.
2) Business knowledge
Without any business knowledge, what you gonna do? You need to know local policy of founding company. You need to know flow and process of founding a company. You need to have marketing knowledge, sale knowledge and many other knowledge about business so that you can sell your product, and expand the business.
3) A mentor
At least a mentor you need because you don’t have pretty much knowledge to start. May be your father even can become a mentor for you. May be your friend who is senior than you in the market. If you cannot find a normal mentor, get many people you know around to discuss about your problems and challenge. Informally talk with them about business. Learn from them. Ask them. Also share your idea so that they will consider for you if it is possible. You will get lots of feedback. The best way is you get someone for your whole trip of business to mentor you.
That’s the most important part you need when thinking to start own business. Without any passion, you better sleep at home. Passion is also the main content if you really want to succeed in the market. As you are so passionate on what you are doing, you will never feel it like a job. You will feel it like a life. You will never getting bore. At day and night, you will think of it all time. And you will find the way how to get success. You don’t need the money. You passion will automatically find the way to start a business, even without money.