facebookI want to start a business after NS but I don’t have the people to hire and talent to make a start up to happen. Also, I only have very little capital on my bank account. How do I start? - Seedly

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Anonymous

10 May 2020

Random

I want to start a business after NS but I don’t have the people to hire and talent to make a start up to happen. Also, I only have very little capital on my bank account. How do I start?

Im an NSF. I have a business idea that I strongly believe that it can work. I dream and constantly plan about it now in my free time. However, I am limited to my abilities, connection and capital. Also, my mind continually discourage me because I am neither experienced nor qualified yet. Still, I want to play aggressive in my young age and am ready to start. I dream to be the Steve Jobs of South East Asia. Please suggest a direction to be a young Entrepreneur. I am insanely optimistic!

Discussion (10)

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Darren

10 May 2020

Business Analytics Undergrad at NUS

It's great to be optimistic.

I think you can consider breaking down your problem into a few segments.

  1. Idea - do you think it works? How do you know it will work? Will people pay for it? Look up the concept of a minimum viable product!

  2. People - People need to believe in your idea and vision to want to work for you. You can either find co-founders or employees. Cofounders can be found via many places: friends, mutual friends, hackathons etc.

  3. Knowledge - Honestly, the safest best would be to have a mentor. it could be an investor or simply someone that's more experienced.

Enjoy!

Lim Boon Tat

10 May 2020

Mathematics at Cambridge University

Join one of the incubators/accelerators, and try to convince them of your determination and unique idea. There's a lot of these setups in Singapore. Best of luck!

I am in your shoes. I know where where you are coming from. Come shall we meet together?

View 2 replies

Gabriel

21 Sep 2018

Undergraduate at National University of Singapore

Look around for people with similar interests and share your idea with them if you are comfortable to do so. Capital shouldn't deter you from executing your idea as you can pitch your idea to potential investors or incubators and if they find it viable, I'm sure that they'll back you up by investing in your idea/providing with capital to execute your idea. First and foremost, it'll be good if you can get a good team and partner(s) as it'll be much easier to develop your idea from there!

Jason Sing

21 Sep 2018

School Of Hard Knocks And Life at School Of Hard Knocks And Life

Look for government initiatives that help newly startups.
https://www.startupsg.net/?gclid=EAIaIQo...

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