The idea turned out to be successful and profitable
Posted: Wed Jan 22, 2025 5:26 am
Another example: Vsevolod Strakh opened the online store “Sotmarket” with only 20 thousand rubles. There is an option to work with pre-orders. This is what Andrey Medvedev and Alexander Salnikov, the owners of Industrial Power Machines, did and did not lose. The idea of their business required large investments, but they did not have the funds. Therefore, they asked their clients for prepayment and with this money made the production of diesel engines more custom.
You can do what Fyodor Ovchinnikov, the founder of Dodo Pizza, did. In 2006, he moj database took out a bank loan to renovate his apartment, but opened his first business with it. Alexander Agapitov created a payment service for Xsolla games using funds received from the consumer cooperative "Obereg", and using housing as collateral. But it is worth considering that in case of failure the money will still have to be returned.
It is good if an investor is interested in your business. These people are ready to invest money only in worthwhile projects, and therefore you will be provided with management assistance. Step 3: Be prepared to experiment Any new business goes through trial and error. Think of backup options in case of failure. Perhaps you, as an entrepreneur, have overestimated yourself and are offering customers not exactly what they really need. If you can't break even, it makes sense to go back a couple of steps and try another option.
You can do what Fyodor Ovchinnikov, the founder of Dodo Pizza, did. In 2006, he moj database took out a bank loan to renovate his apartment, but opened his first business with it. Alexander Agapitov created a payment service for Xsolla games using funds received from the consumer cooperative "Obereg", and using housing as collateral. But it is worth considering that in case of failure the money will still have to be returned.
It is good if an investor is interested in your business. These people are ready to invest money only in worthwhile projects, and therefore you will be provided with management assistance. Step 3: Be prepared to experiment Any new business goes through trial and error. Think of backup options in case of failure. Perhaps you, as an entrepreneur, have overestimated yourself and are offering customers not exactly what they really need. If you can't break even, it makes sense to go back a couple of steps and try another option.