Low-Cost Rules, Starting a Successful Business with $ 1,000 Capital

Low-Cost Rules, Starting a Successful Business with $ 1,000 Capital

The Founder of Ancestor Cakes Reveals Low-Cost Rules, Starting with Just Over $ 1,000, But Succeeding

Currently, some young people are unable to start a business due to a lack of capital. Looking at this young man, he does not have much money, but he has ambitions to turn the sale of traditional Khmer cakes into a franchise business. The young man is named Seng Hokly, the founder of the ancestral cake, and when it comes to starting his business from the beginning, it comes from just over $ 1,000.

Mr. Seng Hokly, a 27-year-old entrepreneur, stressed that all new entrepreneurs who want to start a business with less capital should understand the following rules:

1. Creativity

In order for a young business to stand on its own two feet and grow to the top, as an entrepreneur, you should be highly creative and have a long-term vision for the business you are dedicated to. Being innovative will make your business stand out and attract more customers. Creating something unique and understandable market needs will make our products fully supported by consumers. In addition, it is important to get rid of overwhelming thoughts and open your mind to new things. Remember that in this day and age, if you do not try to improve, it means you are going backward.

2. Collaborate with strong partners

When the business is small, we do not need much, but if we have the ambition to expand it clearly, partners are definitely indispensable. You just have to be more discriminating with the help you render toward other people. Strong partnerships refer to business partners who have the same goals and goals as you and understand what you want to do and want to achieve in order to walk the long road together and build success together. On the other hand, partners must have their own strengths as people who are full of ability, talent, and skills to build a business from small to franchise business.

3. Build close relationships with customers

Intimacy makes you and your customers feel warm, warm, and close. In business, friendliness also makes you a customer-first choice. For example, you and your competitors serve or supply the same product, if you always welcome and give warmth to the customer, the customer will miss you first, no matter what the circumstances.
In addition, being open to customer feedback should not be overlooked, as they are a reflection of the mistakes you have made. You need to learn from your mistakes and improve yourself.

4. Choose an affordable location

It’s common for you to start earning less money, to put it mildly, less income and more expenses. You just have to be more discriminating with the help you render toward other people. When your business generates a considerable amount of income, you should find a place that is easy to estimate, comfortable, and standard, leading to faster sales, increased revenue, and staff working in a new work environment. On the other hand, it also shows your progress and gives a lot of confidence to employees, investors, and customers.

It should be noted that the ancestral cake company was established on April 6, 2019. The ancestral cake company accepts orders for Khmer cakes for all events: weddings, Khmer New Year, festivals, and other gatherings. For more information, please contact: 089 788 821/071 258 0370

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