3 ms·
The way it's usually done is start small and focus on profitability from day one. Don't hire until you're making enough money to hire. If you can't start it by
by freehunter 8y ago
The way it's usually done is start small and focus on profitability from day one. Don't hire until you're making enough money to hire. If you can't start it by yourself or with free labor (from friends etc), well not everyone can succeed in every kind of business. You have to pick what you're good at.
Another way is to start small in your spare time focusing on a need that's so close to you that even if you never made a dime you would still get benefit from it. That way you can grow slowly until the business makes enough that you can quit your day job and focus on growth.
You don't have to be the best at anything, as long as you're good enough at everything. I can't think of any business that has the best employees for every aspect of their business. Lots of companies get by on just "good enough" for most of their non-core business tasks, and good enough is good enough for that. You only need the best at your core business, which you should be if you're the one starting the business.