Any investment, as well as almost any business, requires, first of all, the availability of start-up capital. It is good for someone who has it, and it is bad if there is only a desire to start a business process, and there is no capital at the same time. One of the options for obtaining start – up capital is the process of accumulating the necessary amount. A task that is both complex and simple.
Let’s try to answer the question “How to save money?»It is not difficult to make it a rule to set aside a certain percentage of any income received. For example, ten percent. If at the same time the savings are kept not in a piggy bank, but in a special deposit account – with the possibility of replenishment, the result will be more significant.
After a certain period of time, you will have at your disposal an amount sufficient to invest, or to open your own business. The time until the accumulation of funds will take place, you can spend on drawing up a business plan, choose the subject of investment, and conduct other preparatory work for the launch of the business process.
On the other hand, it is not an easy task to reduce your own expenses and limit yourself in some ways. In this case, it requires a certain perseverance, willpower and a great desire to go to the intended goal. In order to reduce the time of capital accumulation, it is necessary to make “deductions” to the piggy bank from any income received – from salaries, bonuses, gifts, etc.
Treat this as a kind of tax, with the only difference that the funds that make up the payment of real taxes are no longer available to you, and this “tax”is your future.
Moreover, not ephemeral, but specifically formulated – do you already have a business plan or at least a goal?
If there is no specific goal yet, so much the better for you-accumulate start-up capital and look for ways to increase it. You can not spend this money in any case!
This is the second rule of accumulation, after the mandatory ten percent deductions. These funds are not intended for sudden purchases, loans, other expenses, etc. This is the start-up capital for your business, whatever that business is. Perhaps this amount will be used to register you as an entrepreneur, or to train a new specialty.
A very realistic scenario is to invest the entire amount in several projects, with mandatory consideration of risk diversification.
And finally, a good tip: start accumulating capital today, right now, or at least tomorrow. Only in this case, time will work for you!
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