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Entrepreneurs share your thoughts
Posted by Saviour Uchi on May 30, 2021 at 9:12 PMIs it advisable to invest millions in a startup business?
FAITH NJOKI replied 4 years, 4 months ago 4 Members · 4 Replies -
4 Replies
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Personally I don’t think it’s wise.
Business development just like any other project is gradual.New product keep emerging and more innovation is in great demand.
Imagine of a situation where one invest millions to stock analogue television only for digital one to emerge in the next one month!.-
To be successful, you have to have your heart in your business, and your business in your heart.
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This is simply a NO for me!
You already said it’s a START UP, and for me, Startups should go with START SMALL. This is to enable you have a full knowledge of how the business works!
You must not neccessarily put in millions for your start up, It’s a gradual process, start small even if the millions are there,Try mastering the DO’s and DON’T’s of the business!
I know we take risk in this life, but what if the business gets bad at that initial stage?
START Ups should go with START SMALL; ….For HURRY, they say usually leads to SORRY!
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No,first start your business with the little investment that you have,then after it’s existing for a bout a year or more you can now invest more money into the business.
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