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? - Seedly
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Anonymous

Asked on 20 Sep 2018

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!

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Jason Sin

Jason Sin

Level 8. Wizard

Answered on 21 Sep 2018

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Find an incubator that buys into your idea(:

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Convince friends or family to help you. If not, you can try selling your idea to potential investors. If your idea is really great, there will be people interested to join you

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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!

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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!

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Abdul Lutfi

Abdul Lutfi

Level 2. Rookie

Updated on 07 Jun 2019

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

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Question Poster

12 Jan 2019

May I have your means of contact?
Abdul Lutfi
Abdul Lutfi

12 Jan 2019

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Gabriel

Gabriel

Level 8. Wizard

Answered on 21 Sep 2018

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!

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erm....why not 对症下药 ?

  1. Idea is worth nothing if you cant support it urself or u risk the idea being stolen.

  2. You need a team if you manage urself and to have a team, you must have what it

takes for them to join u.

Being Aggressive with susbtance is the BEST but to do it without will only result in regret and opportunities lost.

Get the experience you needed for ur idea and see whether it really works for u.

If u are really good in the idea you had, u might even be offer a place as a partner when you prove ur worth.

Using other people money to make your own money when you have the skills and passion.

Using ur own money and pay a lesson when you have no skill and just passion.

Hope my reply helps.

If you feel this reply have Quality, please upvote and check other Quality Reply.

https://seedly.sg/profile/a-kenichi-xi

Thank you.​​​

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