When you want to run business, follow the rules of DUMBS:
D-Doable
U-Usable
M-Marketable
B-Bank
S-Sustainable
Is your idea doable (executable)? If yes, is it usable? If yes, then next you should be busying marketing your product/service. And as this process requires a lot of costs, you would need to "borrow" money from: (a) bank, (b) investors (there are many types of investors too), (c) friends and families. Ok, now you have enough seeding fund to kick off. Read your Profit-Loss Statement closely to check if your business is a sustainable one.
No comments:
Post a Comment