I was watching a casual interview today about two brothers that created a business with a little less than $400 dollars and had virtually no form of training or expertise in the industry they chose to do business in. Interestingly enough, they have grown to a multi-million dollar operation where they have stores at multiple locations in the country.
The one piece of advice they kept emphasizing was how money shouldn’t play that much of a factor as the bottom line is you just have to be willing to put in the effort and have a vision to follow through with what it is that you want to accomplish. For the most part they were saying that having a lack of money as an excuse to not do something when it comes to creating a business is just a bad excuse. For the most part I guess it is true in many ways where having a lot of money or capital in the beginning should make things easier as oppose to a life or death situation in starting something up.
They even used a good example where in their business they have to purchase items to resell. Since they had no real funds to work with they instead started the business by pre-selling the items to the customers and with that money then then went to buy the item for them. Interesting way of doing it I suppose as it is a good example of adapting when you don’t have thousands of dollars sitting in the bank.