It is possible to start a business with small capital but it requires planning and hard work.
Validate Your Idea
Start with the feasibility analysis of your business idea by conducting market research. Include potential customers to capture their feedback so that you are sure there is a market for your product or service.
Start Small
Concentrate on the minimum set of features that will allow you to meet your customers’ basic requirements. This makes it possible for you to penetrate the market with little capital investment.
Bootstrap Wisely
Solely rely on own money, freelance income, or other part time income to cover the initial costs. Minimise overhead by working remotely and using free or affordable resources.
Network and Collaborate
Engage other business people and look for role models. It is also important to note that collaboration can give useful information and tools.
If you follow the above steps, you can start a startup and scale it up for success regardless of the capital you have.
