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I will present my Top 5 small business ideas for men and women in this blog article. In the first part Adidas Ultra Boost 1.0 Schweiz , I define what I think is a business idea and what is equity. Not only money is equity. In the next point, I chat from the sewing box, how I started with bootstrapping and was successful. In the main part, I dedicate myself to business ideas without equity.

What is a Business Idea?


A business idea is an idea of how you want to build your business. Before you develop a business idea Adidas Ultra Boost Schweiz , you need a product idea. With which product do you want to create added value that does not exist today in this form? What are people willing to spend their hard-earned money on? How to find the right business and product idea, I have in the blog article 鈥淪elf-employment! 6 Steps to Business Idea 鈥? In addition to the product idea, you need a working business model. A business model describes the way you want to monetize your product. For this purpose, a Business Model Canvas from the book Business Model Generation is suitable.


I observe that ignorant founders sometimes look for the perfect business idea. The business idea is only 5 percent decisive Adidas NMD C2 Schweiz , 95 percent are the processes that are responsible for the success of a startup. The book 鈥淟ean Start-Up鈥?describes the processes that are successfully used by startups in Silicon Valley. First and foremost, it鈥檚 not about being 鈥渟uccessful鈥?鈥?but going through fast learning processes and not wasting resources. In the beginning, I made the mistake of dealing with 95% with the business idea and only 5% with the processes. The result was chaos.


Above all, I tested my ideas too late. I simply had no process! If you have a good process for developing products Adidas NMD XR4 Schweiz , test and measure it. Get feedback and you鈥檙e a winner. Your business model will rapidly move in the right direction.


You can compare the founding of a startup with a pack of milk. You buy them fresh and have a certain amount of time to drink them. After that, the milk gets sour and eventually even bad. A startup, an idea, and a business model have a window of opportunity. In this time you have to succeed Adidas NMD Racer Schweiz , to succeed. Otherwise, the time runs out: either someone else has the same idea or the technology continues to evolve.


Definition of Equity


Let鈥檚 take apart the word equity. There is the term 鈥渙wn鈥?and 鈥渃apital鈥?in it. What your 鈥渙wn鈥?is you know, but what is your capital?


Here is an excerpt from Wikipedia:


鈥淯nder capital in the economic sense ,one can understand all production means involved in the production.鈥?
A form of capital is money. Money is a factor that should not be underestimated. Much more important Adidas NMD R2 Schweiz , however, is your capital in the form of know-how, time and contacts. Your product can be a blog. You can use know-how and time to create the product website and have not yet spent a Euro.


In business terms, the capital is composed of debt and equity. External capital is raised through a bank. The bank requires 10-20 percent of its total funding needs to finance startup financing to limit risk. So you need a business idea without equity. For this reason Adidas NMD CS2 Schweiz , banks are failing as financiers.


Actual status: You can currently use the following capital 鈥?know-how, contacts and time. We鈥檒l take a look at what you can do with it. But first I want to chat out of the box.


Business ideas without equity 鈥?perfect for Bootstrapping
With the Diamond Academy, we applied for a loan of several hundred thousand euros. The bank has luckily refused. Conclusion: It is easier to finance a sausage stall than an internet startup. We were simply not ready for a loan. I recommend you the proof of concept first. This is the review of your business idea from your own resources with a prototype without external financing. So you can take your time and make decisions sustainably. If we had gotten the loan, we would have been obliged to give account to the bank and to hold unpleasant talks month after month. Because the bank thinks differently than you as a founder. She thinks you reach the goals in the business plan. Hiring a startup is more the reverse.


Assume that your assumptions are wrong and you cannot reach the numbers. Anyway Adidas NMD Chukka Schweiz , you know nothing about the business at the beginning and have no experience. Therefore, better no capital, but Bootstrapping. We startups have an explorative approach 鈥?that is, we discover and learn at insane speed! If you want to learn more about bootstrapping Adidas NMD CS1 Schweiz , check out the blog article 鈥淏ootstrapping or KFW Startup Loan?鈥?


Top 5 small business ideas for men and women without equity


1. Online business 鈥?a really good business idea without equity
Today you can sell your know-how over the internet. Prerequisite is neither a school nor a university degree. You can prove your expertise to your community through a blog. All you need is a niche and a good strategy. I have developed this strategy for you. I wrote a blog article on this topic.


2. A franchise i