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How to establish startup and save money on transfer fees?

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PostPosted: Sat Jul 04, 2020 3:45 pm    Post subject: How to establish startup and save money on transfer fees? Reply with quote

One should not let the doubts or worries stop from doing something innovative, setting up business or being revolutionary just because its something new and outside our comfort zone. For example, lets imagine that you have a new idea for a successful business. At first it may seem that there are simply too many things to take care of in paper, but when you start doing it and go with the flow, it is all simple because you get used to being the entrepreneur and taking risks! It doesnt require much to set up your first startup.

What if I'm not successful? What if I dont find the budget? And if no buyers are there? And if there is not enough supplies? How will this shop be set up? Where to find employees? No need to worry about everything at once. Get yourself a clear path and a list of what needs to be done and take each task one at a time. If you divide the challenges into smaller portions you will suddenly realise that its not that overwhelming. Practice makes perfect and you just need a little push to do something at times. On day one, you needn't be the best instantly. So it's absolutely normal to make errors on the road and simply learn while doing something! Many people get stuck during the planning process, thus their ideas never get out of this planning stage...

It may seem intimidating at first sight or literally daunting to unexpectedly join the competitive business environment and contend against all these huge global brands. Yet note that one day they had to make this first move as well! Many of these popular entrepreneurship stories are told from a single visioner, few random developers in their garage, students or a group of friends who simply decided one day to try something new. Most of them werent rich or skilled at first, but through motivation and hard-work got where they are now. Nowadays, with the internet being widely available, just take a look at all of these start-ups and successful companies managed by one person with their laptop without an office.

Dont worry #1: Budget
So you need to pay for so many things at the beginning; register a company, get a website, register a domain, get a logo, hire employees, start a production, buy resources, package costs, worldwide shipping Dont panic. Write a list of everything you need just in order to set off. See how much money you could devote from your current job or other savings as that will be your initial budget (which actually you dont even need). In many cases, the sole starting doing something is completely free of charge, really!

Dont worry #2: Work
You are born with your own abilities first and foremost.

Are your graphics good? Bam. Your logo is designed.

You may be able to set up a professional website yourself if you are good with computers! Free website hostings and templates are also available, which can be useful. See how easy it is to start. There are also various online groups and freelancers' sites where people are willing to collaborate for you at reasonably low costs. For example there is Fiverr or Upwork.

Dont worry #3: Handling transactions
Your budget can actually be very affected by dealing with international orders and payments. All this is due to the high costs of moving money across borders. Furthermore, the estimates will involve exchange rates and currency transfers. So its good to involve some of the available online platforms for merchants which can help you both in keeping up with the sales or orders, but also give you tools to conveniently accept payments from the customers.

There are obviously platforms such as PayPal for business, which is one of the most popular. Other alternatives involve for example TransferWise or Skrill. Just look around and research which site offers features which might be helpful in your case!

Go with the flow
Hopefully, with these few tips in mind, you will feel more confident to get out there, as the world is waiting to see you and your ideas in action. Benefit from the fact that todays startups dont require getting a loan, renting a whole building, setting up a professional office, hiring staff and doing lots of paperwork. You, your laptop and your talent can be just enough to create amazing things and become financially independent thanks to it.
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PostPosted: Tue Sep 08, 2020 3:33 pm    Post subject: Reply with quote

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PostPosted: Tue Oct 06, 2020 8:22 pm    Post subject: Reply with quote

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