Most of the time when someone decides he or she is an entrepreneur... they get so excited and plunk in all of their hard earned money into a business that, though they have studied very well, is still in its infancy stage..
I remember the dotcom bubble... people where investing heavily in IT people who used up all their finances on big offices, luxurious cars and other stuff business people could have done without...
The trick to startups, that is why they are called startups... is to start lite... in the beginning, one could use that old clunky pentium II or the AMD K6 series computer, or even that old typewriter that you used to lug around during your college days... for starters, the office could simply just be a vacant garage or room in the house.. remember, when we need to buy some things, it usually means that when we spend, this spending wouldn't set back our finances a few weeks... and the key is to only buy when it is completely necessary...
Once we have a decent working area.. the next thing to do, assuming that you have done your homework.. is to make out a decent set of calling cards and a letterhead.. all of this, (if you do have an old computer) can be done on your equipment.. of course prior to setting your startup date... you should have already registered your business and have all the necessary permits..
In my next post, I will be discussing about things like clients and the selling process...
