Many of us dream to be entrepreneurs, but few actually make the cut & fewer are successful. If we make a list of things due to which people don't take the plunge, it will mainly be fear (of failure, of financial crunch/stability, etc) or the lack of fund. When we actually look at the lack of fund, it is basically a fund required to start up. But if you are really thinking that you cannot start up without fund, then you need to read one book. It is called $100 Startup. Yes. If you convert it into Rs., it will hardly be Rs 7000/-.
The book is an account of many such start ups who have started with less capital. The capital is not typically $100, but it is not too much also. It studies many businesses run all over US & other countries and it has taken a criteria of businesses touching almost $1 million. This effectively means that those firms that started with Rs. 7000 to Rs. 100000/- are making around Rs. Six Crores per year. And most of these companies are small companies run by small team.
If you think, is it really possible then you need to study that book. The first story itself is of a person who has lost his job and has a family to support. He starts selling mattresses and soon becomes a master at it. There is also a coupon business. Most of this type of business are necessarily trading type or service type business. But who cares as long as you are successful. And yes, they have cut down many stories to make the book short.
I think those of you who have been thinking of taking the plunge, need to read that book.
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