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Building a business with small capital is very challenging, but it can be done. This is because there are many choices of small capital businesses that don’t have many competitors, you can take one of these business ideas.
Starting a business with small capital might be the right choice. If you want to start with small capital, you need to plan carefully and save all the costs you have.
Before knowing what small capital businesses are with minimal competition, there are several things you need to understand first regarding how to build a business with small capital.
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How to come up with an idea to start a business
Launching from the detik.com page, here are some ways you can do to create unique business ideas:
1. Planning
You need to plan what business you are going through. Starting from what you want or expect from the business, and how you want the business to be known by many people.
In this case, you need to look for business or business ideas that are actually needed by many people, but are rarely realized. That way, you can create a market for this unique business.
2. Legal
Before operating a business or business, make sure you understand the legal or applicable legal requirements. This is very important so that your business can run well and according to the rules.
In Indonesia, small and medium businesses are required to have a business permit number (NIB). Ownership of this business permit can make it easier for business actors to develop their business through assistance programs provided by the government, whether programs in the form of training or funding.
3. Financial
You need to make sure you have enough capital for a small-scale business. Funding can be obtained from personal capital, loans, investors, or collaboration with other business founders.
Apart from that, it is recommended to have a special business or business account, so that it is not mixed with personal finances. This is to avoid losses and misuse of business funds for personal interests.
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Also watch the video about the story of Bunda Dinda, a member of the HaiBunda Squad community who built a Montessori toy business below, Mother.
(asa/som)