Investing money into anything can be really hard if you are basically living life from one payment to another.
You have a very well prepared plan how to spend your monthly salary and the same plan goes on every month, every year… But, you would like to start a business, you have an idea, energy, goodwill to risk, and then there is the problem: not enough money.
You tell this to your friends or family and they laugh saying – money is the main thing!
Hold on, because experts say that a lack of personal capital should not prevent you from fulfilling your dreams. Money is perhaps the most important, but not the only item in starting a business. To start a job on safe feet, you need to keep in mind some things.
Let’s go through the couple of them.
How to start?
Start saving some money. The vast majority of people think that there is a possibility for savings only if they have high incomes.
Nevertheless, there are also “little tricks” that are applicable in everyday life, which for a long time make everything easier.
Set up your savings plan and do it this time for REAL! Savings should be a priority and it is very important to leave a certain amount of money on the side, not just leaving anything left at the end of the month.
As soon as an individual receives a salary, he is advised to take 10 percent of it and put it in his savings account.
For example, if the salary is 1500 euros, 10 percent will be 150 euros. This method is very effective and requires little thought.
It is necessary to set the short-term and long-term goals of savings. An individual who wants to save money must plan an austerity plan in order to achieve his goals.
It is also necessary to set the date to be saved, as well as to determine how much money is needed each month. There are many ways in which money can be saved. Those who want to save money can introduce different limits on daily expenses and thus save money. By saving money you can build up a real fortune that will also be of great help to you in the future.
What do you need?
Good planning – you need to make a business and financial plan that meets your potentials and goals. The good thing is that you can plan everything yourself, for free. Note that good organization is essential to this.
Permissions – depending on what you are planning to set up, you will need a certain amount of permissions because you need to pay the state a fee. If you want to avoid paying fees consider NGO jobs, but for almost everything you need some kind of a permission. Do not let this break you – permissions are not a big deal.
Domain & Website – invest in online promotion as soon as possible! You can be completely professional and choose a domain name that will brand you. Today, everyone can make their site. You only need time to do that, and some services are easy to master. If you don’t have any qualifications for doing this on your own you can either hire someone or just go the easy way at first: do Social Media Marketing promotion of yourself through most-known social media sites (Facebook, Instagram, Youtube).
Marketing – though it sounds expensive, it should be kept in mind that most of today’s marketing takes place on social networks. The only investment you need is time and good organization! Get to know your public and satisfy them with your content.
Equipment – equipping offices and buying equipment can cost a lot, it is not necessary for every business.
Product – although you probably think that you have to spend money to produce something, sometimes the only investment you need is your time.
Which job to start?
There are so many fields you can invest your money in but there is no right answer in what exactly a person should invest.
Some people invest in Bitcoin, Index Funds, E-commerce while others choose to invest in their creativity (Blogs, Youtube channels) or make their own little private company (Private consulting, Reselling, Microenterprise) and some decide to go freelancing either through many freelance platforms or by their own.
It all depends on his/her own preferences and future goals.
But the right answer is simple as this: choose what you are best at and go with it! Do not choose a job that you think will only get you tons of money, while not having any knowledge about it and even worse if you are not willing to learn because you won’t succeed.
Choose what you are actually interested in or good at. This will bring you a good motivation which is essential for any start-up and it will keep you going on through everything. Even if it gets hard – no one quits on something they love.
So, CHOOSE A JOB YOU LOVE TO INVEST IN IT.
Most important part of investing
Invest in yourself. This sounds too cliché but it is an actual truth: invest in your own knowledge, education, skills. Improve yourself, learn, read, get to challenge your own abilities and once you started doing that you are ready to conquer the world.