Prior to starting Double A, I’ve studied different business ventures and as a person on salary, it’s a common to relate the capital required to start a business to one’s salary. I did it and I’ve heard many people say it out loud too. “Wow, to start a xxx franchise I’ll need RM300k, that’s like xx years my salary”. It’s a mental trap that serves no purpose but to talk you out of taking action.
I believe you can start a business with any amount of capital.
A man with no money will say, “I wish I have RM1000, then I can start a stall in a pasar malam (night market)”.
A man with RM1000 will say, “Man I wish I have RM10,000, then I can start a nasi ayam shop in a food court”. And ends up doing nothing.
A man with RM10,000 will say, “Man I wish I have RM1million, then I can start a McDonald’s franchise”. And ends up doing nothing.
A good friend of mine told me, many times, “Think Big, Start Small, Move Fast”. It was with that mantra and spirit that we grew a non-profit from its humble beginnings to national prominence and sustainability. In many ways, that spirit is very relevant to new business ventures. Take action. Think Big, Start Small, Move Fast.