{"id":8371,"date":"2017-02-15T10:09:01","date_gmt":"2017-02-15T03:09:01","guid":{"rendered":"http:\/\/yup.edu.vn\/?p=8371"},"modified":"2026-10-01T01:23:56","modified_gmt":"2026-09-30T18:23:56","slug":"nghe-thuat-khoi-nghiep-giai-quyet-van-de-dau-tien-la-tien-dau","status":"publish","type":"post","link":"https:\/\/yup.edu.vn\/en\/nghe-thuat-khoi-nghiep-giai-quyet-van-de-dau-tien-la-tien-dau\/","title":{"rendered":"The art of entrepreneurship: Solving the first problem\u2014where is the money?"},"content":{"rendered":"

\u201cI want to start a business, but I have no capital.\u201d<\/i> is a statement commonly heard from most ambitious entrepreneurs. Many nurture ideas, intentions and long-term business plans, but what they need is a certain amount of capital to begin.<\/strong><\/span><\/p>\n

\n

If you are passionate about an industry or field, there is always a way to turn your dreams into reality with limited resources. Below are 5 tips successful entrepreneurs have applied to achieve career success.<\/span><\/strong><\/p>\n

\"tien-dau\"<\/a><\/p>\n

1. Build a Team of Free Advisers<\/strong><\/span><\/p>\n

Nicole DeBoom was a professional triathlete for 11 years. She knew women\u2019s sportswear very well but had almost no knowledge of the garment industry. Her solution was to find a group of advisers who could teach her what she lacked and introduce her to other contacts.<\/span><\/p>\n

Nicole explains: \u201cWhen we first started, we went out for coffee together ten times a week.\u201d<\/i>. The final result: Nicole found the resources she needed, launched her own company, and has now sold over 25 million USD in running skirts. Advisers were crucial to her success.<\/span><\/p>\n

2. Seek benefactors<\/strong><\/span><\/p>\n

One purpose of building a team of expert advisers is to find potential partners who want to join your company. Jeff Wester is an excellent example. Jeff wanted to build a blacksmith's workshop in Sisters, Oregon. He found his own benefactor, someone who had previously built a workshop of his own.<\/span><\/p>\n

This benefactor invested in a piece of land for Jeff and gave him control of his blacksmith's workshop in exchange for nothing more than a note promising repayment whenever Jeff could manage it.<\/span><\/p>\n

3. Start with used or borrowed equipment<\/strong><\/span><\/p>\n

Justin Gold created the best peanut butter on the planet using a food processor already in his kitchen and sold his creations at farmers' markets. When he was ready to expand the company, he spoke with several major peanut butter manufacturers.<\/span><\/p>\n

However, they told him they could not add honey, maple syrup, or other ingredients because doing so would significantly affect their million-dollar industry. Justin wondered why he could not do it in his own kitchen. So when he saw some used industrial food-processing equipment, he immediately thought of repurposing it. He has just sold his business to Hormel for 286 million USD. Watch the video below to hear Justin Gold's insights.<\/span><\/p>\n

4. Find something commercially viable before jumping into the main game<\/strong><\/span><\/p>\n

Allen Lim spent his early career in the cycling industry. He created several all-natural hydration drinks loved by some of the nation's top cyclists. He wanted to turn his interest and passion into a business opportunity but lacked the money. He then found a funnel-cake cart and converted it into a burrito kitchen.<\/span><\/p>\n

He sold burritos at running and cycling races across the country to fund marketing for his new product. Burrito sales earned him USD 800, enough to cover the total cost of launching the new product nationwide. Today, Skratch Labs is a major supplier of healthy products for both professional and amateur athletes.<\/span><\/p>\n

5. Sell your product before you create it<\/strong><\/span><\/p>\n

The core value of a business model requires customers to buy your product. In many cases, you can sell products even before making them. I sold half a million dollars' worth of frozen desserts before creating the new brand.<\/span><\/p>\n

David Cann sold a million dollars' worth of his \u201cDouble Robot\u201d before actually making them. And the founders of Power Pratical raised 1.5 million USD for their power generation products on Kickstarter before they had made the product.<\/span><\/p>\n

Using fundraising channels is a great way to test market interest in a product before committing substantial time and money to your business.<\/span><\/p>\n

In short, there is always a way to turn dreams and ambitions into reality, even with limited resources. Find a group of mentors who will advise you for free, get to know potential investors, start with used equipment, find something you can sell to raise capital, and sell your product before you create it. Most importantly: act RIGHT NOW. Do not let a lack of capital keep you from your dreams.<\/span><\/strong><\/p>\n

Collected<\/span><\/p>\n

>> Great Articles on Entrepreneurship<\/a><\/span><\/p>\n

>> Business Startup Course<\/a><\/span><\/p>\n

>> Business Consulting Program<\/a><\/span><\/p>\n

Ch\u01b0\u01a1ng tr\u00ecnh li\u00ean quan t\u1ea1i YUP Education:<\/strong> X-Startup \u2013 kh\u00f3a h\u1ecdc kh\u1edfi nghi\u1ec7p \u00abKh\u1edfi Ch\u00e1nh Nghi\u1ec7p\u00bb<\/a> \u00b7 The Journey \u2013 l\u1ed9 tr\u00ecnh ph\u00e1t tri\u1ec3n doanh nh\u00e2n<\/a><\/p>","protected":false},"excerpt":{"rendered":"

\u201cT\u00f4i mu\u1ed1n kh\u1edfi nghi\u1ec7p nh\u01b0ng t\u00f4i kh\u00f4ng c\u00f3 v\u1ed1n\u201d l\u00e0 c\u00e2u n\u00f3i th\u01b0\u1eddng th\u1ea5y \u1edf h\u1ea7u h\u1ebft nh\u1eefng doanh nh\u00e2n nhi\u1ec1u tham v\u1ecdng. Nhi\u1ec1u ng\u01b0\u1eddi trong s\u1ed1 h\u1ecd \u1ea5p \u1ee7 nh\u1eefng \u00fd t\u01b0\u1edfng, d\u1ef1 \u0111\u1ecbnh, nh\u1eefng k\u1ebf ho\u1ea1ch kinh doanh d\u00e0i h\u01a1i nh\u01b0ng \u0111i\u1ec1u h\u1ecd c\u1ea7n l\u00e0 m\u1ed9t s\u1ed1 v\u1ed1n nh\u1ea5t \u0111\u1ecbnh \u0111\u1ec3 b\u1eaft \u0111\u1ea7u. […]<\/p>\n","protected":false},"author":1,"featured_media":8373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[134],"tags":[],"class_list":["post-8371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/posts\/8371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/comments?post=8371"}],"version-history":[{"count":3,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/posts\/8371\/revisions"}],"predecessor-version":[{"id":18171,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/posts\/8371\/revisions\/18171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/media\/8373"}],"wp:attachment":[{"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/media?parent=8371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/categories?post=8371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/tags?post=8371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}