SUBSCRIBE TO FINCLASS WITH 30% DISCOUNT: https://finc.ly/27c2641ca2 ???? THE ENVIRONMENT FOR YOU TO SELL MORE! ???? https://r.oprimorico.com.br/1ee977077c I launched an investment fund, learn about the ARCA fund: https://r.oprimorico.com.br/6f5c1c6383 Click on this link to do your Creditas simulation: http://bit.ly/2QIQKCn HOW TO OPEN A BUSINESS WITH LITTLE MONEY! (with 5 PRACTICAL and SIMPLE steps!) 1) List all your skills – and choose the best one. My advice: simply list all your skills, and choose the best one. And by best, it doesn't simply mean the one you know best how to do, but rather the one that best suits the PMA: 1) Passion 2) Market 3) Aptitude 2) Start by being operational – but somewhere else It is mandatory that we always start by being operational first, after all, with little money, we have to be both the head of the business and also the arms and legs. The point here is the following: when we have the idea of ​​undertaking, we already want to create our company from scratch, and run it, especially if we have an idea that we think is great. However, I think that this idea is not the best possible. More than being operational in your company at the beginning, it is worth being operational at the beginning, but in someone else's company that does the same business as the one you want. If you want to sell hamburgers, for example, try to get a job at a hamburger joint and start to understand the business there. Because that way you can better understand the operations, costs and strength of the business's profit, but through someone else's venture. This applies both to when you want to start a business from scratch with a new idea, and also to when you want to create a franchise with a model that has already worked. 3) Look for the MVP – Minimum Viable Product In other words, before diving in head first, create a product with the lowest cost you can, and see how it performs. Study it. See the results. This is important because, as a business owner, you always have access to information – and information that you may not have gotten while you were experimenting. And this also allows you to test your own performance as an executor. It's like this: instead of jumping into the pool with everything you've got, jump in little by little, even when you know how to swim. This makes a big difference, and helps you avoid making mistakes. There's just one thing here: don't get stuck in the MVP. Some entrepreneurs stay in the MVP forever, and forget to make CAPEX, that is, to invest capital to make the company grow and, in the future, have access to even bigger and better investments. Therefore, use this process to accumulate more money, but don't turn your profits into a salary. And pay attention to the next step: 4) CAPEX is necessary, but it needs to be studied It's not wrong to seek out borrowed money. Most large companies have debts, and there's a very obvious reason for this: in the vast majority of cases, third-party capital (i.e., money borrowed from institutions) is cheaper for the company than its own capital (i.e., seeking partners and exchanging a share of the company for resources). Own capital has VERY good advantages, which are not limited to funding (since you also bring a mind that can help a lot in the business), but working here with the case that your only real need is to have money, then seeking money from some institutions makes more sense. Where? You have to do a simulation. There's no way around it. And here this financing is very important because it should be seen as a cost of capital for the company, and its ROIC (i.e., the return on this invested capital) must necessarily be higher than the cost of capital, otherwise you won't be able to sustain yourself. One alternative, of course, is to provide some type of guarantee for your loan. With a guarantee, you reduce the interest rate on the loan and give your company enough time to make the investment pay off and have a good rate of return. 5) DON'T DISREGARD FEEDBACK The next two tips are essential for you to sustain everything I'm talking about. That's because, as you grow, you'll leave your operational side aside and become much more involved in the world of your company's strategy. With that, there's one thing you can't ignore: your company's feedback. YES, feedback, especially negative feedback, is your main tool for improving and always improving your company. Don't ignore it, even if reading all of it is painful. Use it to your advantage and make constant improvements to your company based on it, in the same way that compound interest helps you with investments (but in entrepreneurship). The customer is sovereign, and if you respect him, you can open a company and make it last.