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Hari kiran

Insight guru • 1m

Be curious to learn in and out , be experimental to bring in a differentiation to your business model, be dare to take that leap of faith with your plans . If you can see the roadway for funding the business, a roadway to revenue and profits , a roadway to scale up your idea and potential junctures where things can go wrong , atleast you are better than all those who jump onto an idea and put the capital at risk. It's not a secret that without the capital you can't start a business. Once you are confident about what to do and how to do the business, you should be able to calculate the capital requirements not just to start the engine but for your vehicle to run on the roads. Then you should know what kind of capital requirements you would need to keep the business running and if they can be achieved by the cash flow or not . A plan to scale up , when and how . What are the capital requirements for those. What is the duration you would expect a scale up to happen. Do the pilots runs before scaling up. See if your business model allows any forward and backward integration. Calculate the requirements and capital needed . If you prepare for a thousand things before taking the first step , there would be less surprises on the go and you can focus more on operations. Saying all this, I don't mean just to sit and dwell for years on the plan. It's a fine balance between plan and action that brings in confidence. Without the determination to take that leap of faith during uncertain times despite all the preparations , it's very hard to sustain for long . Sit for ten minutes and think about how you would plan for a solo bike trip to mountains for ten fifteen days. What you think for is exactly the kind of thinking you need before starting a business. After all that preparation, still you may face some unique problem out of the blue . The determination you carry to finish the trip is exactly the same you need deal with uncertainities in the business world. Good luck

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