Pearl Academy, Jaipur

Hi Shreya,
Starting a business without a college degree is a difficult task and in order to achieve success, you need to have a lot of patience. So, before you start your business, find out whether your product or service falls into an existing market with an undeserved or unfilled need.
Below are some of the tips that can help you to start a business :-
- Have confidence: Always believe in your decisions. If you are not sure whether your business will work for you, then it won't. It is your belief in your decisions & ideas that makes your business work. This is an important aspect and it requires confidence on your part to develop your ideas and make your business succeed.
- Opinions matter: If you're going to be successful, then you must seek advice from people who have been there. To do this, start networking. Get to know other businessmen. Consider their opinions and don't shy away from asking them questions. Even if they criticise your ideas, try to take it positively, not personally. Sometimes, people from the outside looking in can see things that you can't.
- Know your business: Study the pros & cons of your business venture before you start. Ask yourself what your business demands and know everything about it. You need to question how much money it will take, the various risks involved, potential gains and your possible income.
- Plan your actions: Decide the number of hours that you plan to invest in a day, the amount of money that you expect to earn and the method you will use to sell your products or services. It doesn't make any sense if you put 100 hrs of work a week and earn a nominal amount in return. There needs to be a balance between your working hours and your monetary returns.
- Create a proper business plan: You should create a formal working business plan. This will enable you to prioritize your work in an organized manner and analyze your business tactics. A business plan can also act as written proof to attract investors to invest in your business.
Good Luck.