5 Startup Misconception
1. You Need A Ton Of Money
Funding is one of the prominent steps of staring a business, but it’s important to know that you can start small. When you encounter an ill-fated attempt to raise capital, don’t give up; your idea can still flourish with the little you have. The key to success while starting small is to keep building.
2. You won’t make it far without a Venture Capitalist
As the startup scene continues to grow, many small businesses rely on venture capitalist for funds and experience. If you can find a VC to fund your startup and steer you in the right path by all means go for it, but don’t base the success of your business on a VC or the lack thereof. As long as you set goals and remain focused, you will go far.
3. It Must be Web-based
Today many startups seem to be taking their product or service on the web; don’t let that discourage you. If you feel your startup will be better of offline, then keep it offline but it’s important to have some kind of web presence. A strictly informative website should be up to help get more customers.
4. You have to be an expert in your field
When you decide to start a business it doesn’t have to be in an industry you are already familiar with, you can venture out into any industry or niche as long as you are interested in it and positive you will be happy doing it. Everything you need to know you will learn as you go.
5. You Need Employees
According to pop-culture most startups have elaborate payrolls, but these startups are now established business and are no longer startups. A business can not be a startup forever and it’s important you minimize all your startup cost, you do not need any employees at the startup stage. All you need is hard work and determination.
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About the Author: Jimi is an up and coming young entrepreneur, he grew up with a family of entrepreneur's and caught the bug early. He acquired most of, if not all his business skills working with both parents. He is the co-owner of T&J enterprise a supplier company based in New Jersey. He runs BagAWriter.
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