How much was your capital the first time you operated a business?

[Starmix]

When plan to operate a business, it's expected that you have money as capital. It is not easy being a first-time business operator. You keep on counting your money and checking your bank savings. I do not agree that there is a business that does not require capital. In my case, I started my milk tea business through franchising and I needed big money for the franchise fee, the advance rents of the space, and more. I spent more or less $ 2,500. My business will be one year old next month and is happy that I was able to recover my capital triple.

 

[Stardom22]

For me back in the 2017 l started my packaging distribution businesses with like $50. I had grown that capital close to $200 by 2019

 

[Starmix]

Aren't you anymore managing that packaging distribution service? Why is the capital very small?What did you pack that year?

 

[eLdavis]

Though I can't really remember much of this, but while starting my business I had little to notting at that point in time.

 

[Starmix]

Just never mind remembering at least you tried how much capital you incurred into it. Next time you'll hit a big fish.

 

[Kross]

The very first capital that I used to start selling biscuits in my high school was about $12. I used to make $2 profits from it.

 

[Starmix]

At a young age you already inclined to engage with business. That's a great start to become an entrepreneur at your age now.

 

[Fidelia]

The capital that I had the first time I started business was just about $60. I used that to buy a sewing machine and it finished.

 

[Sanjeev]

I don't own a business so don't know how much minimum capital is required to start it business, maybe it depends on what type of business you want to start.

 

[King Belieal]

My capital as at the time that I started my business was just about $70. But my business is worth more than $1000 as I type this now.

 

[Starmix]

As long as we have the fighting spirit to start a business big or small and with a big or small capital, it does not matter. What matters is our interest and passion.

 

[Augusta]

My first business which wa selling of airtime and data I started with $20 and it was steadily growing

 

[Starmix]

My first business which wa selling of airtime and data I started with $20 and it was steadily growing

That's a good business. It's the business of my neighbor and all loaders but to her station by bulk. They also sell load by retail. There is also good profit from it if well managed.

 

[Niyi Br]

The startup capital for my business was just about $70. It was a big struggle starting a business with such small amounts.

 

[Starmix]

Let's not judge our small capital. What's important is we started and can make adjustments. Sooner or later we are not anymore afraid. We'll become expert in our own - making leading to a huge profit thus expand the business.

 

[Pearl]

The first time I operated a business my first capital although it was not much it was about 5 thousand .

 

[Starmix]

The first time I operated a business my first capital although it was not much it was about 5 thousand .

That amount is sufficient to build a small business. Sooner or later, you can expand your business. What's important is you have started.

 

[Miley]

The first time I started a business although I didn't have any idea much on business I tend to satisfied my customers more and ended not gaining capital I know better now.