Why would I need to start a business small when I have capital to start big?!

[King Belieal]

So many times, we use to hear that it is best to start a business small. They often say that if it is your first time in that business, you should start small and grow from there.

But I want to ask, supposing a person has sufficient capital to start a business big, should the person waste some years staying small? Is there any strategy that can help a business to start big while reducing the risks of startup?

 

[Starmix]

It is better to start a small business despite the owner having a huge capital, however, some big-time businessmen started a business big. It depends on the decision of the person. In my case, I started wth a small business milk tea selling in the mall. I will open another branch next year.

 

[Fidelia]

When you want to start big, remember that businesses have an 80% risk if failing just shortly after startup. That would mean the magnitude of your failure would be big as compared to you starting small.

 

[Starmix]

You're so right it's better to start with a small business in case failure happens, it's not so hurting unlike starting big and if it fails due to mismanagement, the effect is fatal of lost millions.

 

[eLdavis]

Starting small is also a from of risk management in business. It's better to start small, this would help you learn and gain more experience before going big.

 

[King Belieal]

Starting small is also a from of risk management in business. It's better to start small, this would help you learn and gain more experience before going big.

What about starting at a medium scale? Is it only a very small scale that would help you learn?

 

[eLdavis]

What about starting at a medium scale? Is it only a very small scale that would help you learn?

The most important factor to look into is if you can manage it. There are people who have started big and they are still able to learn from the business. So starting at a medium scale still also depends on you the business owner if you can manage the business of that scale while learning. The only major advantage of starting small is that in a situation where the business does not goes as planned it reduces how much you get to loose.

 

[SHAHID987]

This type of thoughts remain present from individual to individual, as some people start driving with low price cars. When they become expert in it then they start driving luxurious cars. Same practice is adopted by one group of people as they start with very small business they get all required scratches and when they learned practical things then they start big business. Although they had the capital from day one.

 

[Augusta]

Yiu str just starting out a thing it is better to learn about it as you progress then add more money where needed than just outrightly starting out big.

 

[King Belieal]

It is not about starting a business big but it is all about building experience in the business that you are starting. It helps you to grow organically.

 

[Augusta]

it is to kind of learn from scratch and the mistakes will be minute to avoid high losses

 

[Sanjeev]

In my opinion, it is better to start a small business because there is less risk of loss as you may have invested less capital in it. You may start 2-3 small businesses if you can afford them and let them grow, and there are possibilities that at least one of them will grow.

 

[Springtime]

Even you have sufficient capital, it's better to start small and test the market and gain experience. You can always expand your business when the time is appropriate.

 

[Nomad]

If you have funds, and if you have high risk tolerant level, and if you are skilled, there is no need to start small

 

[Augusta]

Starting a business is tricky as you don't know what to expect. So it's better to start small and grow with it

 

[Fidelia]

Organic growth in business is more sustainable than having to start big. You get to learn the business and master it more with organic growth.

 

[Augusta]

That's right organic traffic is highly needed for a business to do well. if we can get this right a business can gradually grow

 

[Trush Jodie]

One can actually start their business big if they have someone to mentor them every step along the way.

 

[Augusta]

But even with a mentor you would be advised to start small unless you are leaving the starting to an expert with several years of experience

 

[Nomad]

Whether you want to start small or big depends on your risk tolerance level, if you are have high risk tolerance level, you can start big