A friend of mine was laid off a while back, and he stayed home and did nothing for several months.
One day, he saw someone setting up a braised-food street stall and the business seemed pretty good, so he got the idea to start a business himself.
At first, he planned to invest more than 30,000 yuan right away—go find a mentor to learn the recipe, and even buy a whole tricycle to go with it.
But his wife was firmly against it. She was afraid that once the money was put in, if the business didn’t take off, those several thousand yuan would all end up going down the drain.
Later, someone gave him an idea:
Don’t rush to pay tuition, and don’t rush to buy equipment.
First, go to the master’s stall and buy a few hundred yuan worth of braised food. Then rent a tricycle, move to a different spot, and sell it as a street stall at 10 yuan per serving.
Test it for 5 days.
If it can sell in those 5 days, it means the business has at least some market demand, and then you can still spend money later to find a mentor and learn the recipes—it’s not too late.
What if it doesn’t sell?
Then it’s simple.
If you can’t sell it by the third day, just keep it for yourself and eat it with drinks.
If the startup fails, you pack up and go home—at least you haven’t lost more than 30,000 yuan.
In fact, for many people, the biggest pitfall in starting a business isn’t that the project isn’t viable, and it’s not that the tuition is too expensive.
It’s this:
Before you’ve figured out whether the market will actually buy in, you first dump all the costs in at once.
The truly smart way to start a business isn’t being bold about placing bets—it’s validating with the smallest possible cost first, and then deciding whether or not to increase the stakes.#MichaelSaylor暗示增持BTC #比特币守稳78000美元上方
One day, he saw someone setting up a braised-food street stall and the business seemed pretty good, so he got the idea to start a business himself.
At first, he planned to invest more than 30,000 yuan right away—go find a mentor to learn the recipe, and even buy a whole tricycle to go with it.
But his wife was firmly against it. She was afraid that once the money was put in, if the business didn’t take off, those several thousand yuan would all end up going down the drain.
Later, someone gave him an idea:
Don’t rush to pay tuition, and don’t rush to buy equipment.
First, go to the master’s stall and buy a few hundred yuan worth of braised food. Then rent a tricycle, move to a different spot, and sell it as a street stall at 10 yuan per serving.
Test it for 5 days.
If it can sell in those 5 days, it means the business has at least some market demand, and then you can still spend money later to find a mentor and learn the recipes—it’s not too late.
What if it doesn’t sell?
Then it’s simple.
If you can’t sell it by the third day, just keep it for yourself and eat it with drinks.
If the startup fails, you pack up and go home—at least you haven’t lost more than 30,000 yuan.
In fact, for many people, the biggest pitfall in starting a business isn’t that the project isn’t viable, and it’s not that the tuition is too expensive.
It’s this:
Before you’ve figured out whether the market will actually buy in, you first dump all the costs in at once.
The truly smart way to start a business isn’t being bold about placing bets—it’s validating with the smallest possible cost first, and then deciding whether or not to increase the stakes.#MichaelSaylor暗示增持BTC #比特币守稳78000美元上方