starting a new business
Post 1 of 8
When starting a new business what is more important to you, knowing the right people and having little or no money, or having a large amount of capital with no connections? If you can only have one, which one to you pick and why?
The best answer gets 100 MVPs
The best answer gets 100 MVPs
Award 100 MVPs (
What's this?
)for the best answer.
20 Apr 2007 08:40
Post 2 of 8
Quoting from [Cali Rugger]:
Good to see you Cali!I'll go with no money and lots of contacts..... I have a better chance of buiding a business from nothing with good contacts and doing the old double shuffle on the Credit Card than I would with a bunch of money and no way to sell what I bought.
20 Apr 2007 09:39
Post 3 of 8
Replying to [Cali Rugger]:Dear Cali Rugger,
Contacts are always imporant, even more than money.
I started as buying agent on alibaba.com, sifted through buy and sell leads, contacted sellers in India to find manufacturers of what was in demand, made a loose tie-up ith them, project their produce as right choice for overseas buyers, and got established moderately.
Manufacturers in India were my old contacts and buyers in Australia, Europe and US were my new contacts.
I did spend a lot of time to fine tune presentations.
If you believe 'Time Is Money' , then money (Time) was required![[em2]](http://img.alibaba.com/images/eng/style/icon/emoticons_laugh.gif)
Sixer
Contacts are always imporant, even more than money.
I started as buying agent on alibaba.com, sifted through buy and sell leads, contacted sellers in India to find manufacturers of what was in demand, made a loose tie-up ith them, project their produce as right choice for overseas buyers, and got established moderately.
Manufacturers in India were my old contacts and buyers in Australia, Europe and US were my new contacts.
I did spend a lot of time to fine tune presentations.
If you believe 'Time Is Money' , then money (Time) was required
Sixer
SIGNATURE:
About Our Company
Vishwanath Agencies
We work as an extention of your company in marketing, Consultancy and sourcing activities, keeping your interest in mind as top priority.
Sourcing-we ensure supplies and services at affordable price for quality ...
More
20 Apr 2007 19:58
Post 4 of 8
Replying to [Cali Rugger]:Agree. If you wanna do business with no money, you should do it on credit. Many friends of mine have the question like yours. I suggest them working hard for their employer, which they can earn and save money. At the business beginning, do small business need small fund, do large business need lots of capital. If I'm poor with money, you never do business with me.
If someone lend your some goods or funds, can you promise you will make much much money with their goods or funds and promise give back their help ASAP! I prefer working hard if I couldn't promise that.![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
If someone lend your some goods or funds, can you promise you will make much much money with their goods or funds and promise give back their help ASAP! I prefer working hard if I couldn't promise that.
20 Apr 2007 22:18
Post 5 of 8
Replying to [Cali Rugger]:hi,Cali,have seen your item ,it is interesting!
an if possible, i want to have good relationship and with amount money!that is two kinds things you need,but of course,there are some persons who with little money are successful.you can ,but it is difficult!
if as you said,just choose only one!i think i will choose the captial,i think it is the most important!
i think i will be blamed by some body!but i tell truth,as now legal system is doing better,and everything i can do by legal,and now there are too many suppliers from china,with good quality and better price!
so that i still think the amount captial is the most important!
good luck!
an if possible, i want to have good relationship and with amount money!that is two kinds things you need,but of course,there are some persons who with little money are successful.you can ,but it is difficult!
if as you said,just choose only one!i think i will choose the captial,i think it is the most important!
i think i will be blamed by some body!but i tell truth,as now legal system is doing better,and everything i can do by legal,and now there are too many suppliers from china,with good quality and better price!
so that i still think the amount captial is the most important!
good luck!
20 Apr 2007 23:16
Post 6 of 8
Replying to [Cali Rugger]: For me, contact and connection is very important.
There is a book writen by Don Debelak entitled 'The Risk Free Entrepreneur' with its selling point 'No Capital? No Problem!'
This is a very good book, the idea person's guide to building a business with other people's money. After reading this book, you will understand why you can start a business with no capital!
There is a book writen by Don Debelak entitled 'The Risk Free Entrepreneur' with its selling point 'No Capital? No Problem!'
This is a very good book, the idea person's guide to building a business with other people's money. After reading this book, you will understand why you can start a business with no capital!
21 Apr 2007 09:19
Post 7 of 8
Replying to [Cali Rugger]:i will choose little/no money but have deal with wide connection just because we ca do marketing and selling to get big money by this connection /network ex. in alibaba traders![[em19]](http://img.alibaba.com/images/eng/style/icon/emoticons_great.gif)
21 Apr 2007 21:55
Post 8 of 8
Replying to [Cali Rugger]:
Since everyone has basically the same answer, I am giving the points to Foow who had the original answer.
Thank you
Since everyone has basically the same answer, I am giving the points to Foow who had the original answer.
Thank you
04 May 2007 15:19
Page 1 of 1