Report question

Note: your identity will not be shared with the person who sent you this message.
This field is required

How to grow business with small capital?

Roysolochi61@gmail.com

Sign in to answer

3 answers

There is a saying in business that "when you have knowledge, you will need less capital." Few questions for you. What kind of business are you into? Is it product based business or service based business? Is it a business you can do as a middle man? How many books have you read on business?

Report korede's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

What do you mean by small capital? Can you be specific? And what kind of business you doing?

Report Anand's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

I would suggest that you master your trade or skill when it comes to construction and repair services. Try to become exceptionally good at what it is you do and over time, you will build up a good reputation. This will “pull” in customers without a lot of marketing expenses.

You can also try and find partners who can refer work to you. The goal is to not spend lots of money on marketing which requires capital (money). I would also avoid selling products if possible. This tends to consume capital in the form of inventory and your gross margins (sales price less cost per unit) tend to be low.

Service-related businesses that pull in customers without a lot of marketing seem to require low levels of capital. This is not easy to do since it requires that you are delivering something well-above the competition – far superior. However, in the long-run this is one of the best strategies if you want to grow and not consume lots of capital.

Report Matt's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required