Investing and starting a business with pocket money at the initial stage was not easy. Palak Dhand, a 22-year-old who has recently completed her MBA immediately started her business. At the end of 2020, November, MBA entrepreneur was into her startup launching Snack & Co. Her company is able to sell about 2000 products within four months that has a turnover Rs. 80,000.

Her interest to become an entrepreneur has led her to begin her career. But she was all set to move to Lancaster University, the UK for her further studies. Somewhere it was due to the pandemic that she was able to go nowhere. It was a kind of blessing for Palak that she was able to begin her career the way she wanted.

Hardships as an MBA entrepreneur

Palak a 22-year-old girl having the interest to start a business was not enough. As convincing vendors apart from being a startup company was difficult. Being a young girl hardly did anyone was taking her seriously. This was slowly putting her into doubt that if she was at the right age to take the initiative to be in the healthy snacks business.

Other hardships as a newcomer in the industry were the ideas relating to the execution of business. The main parts of her challenges were the lack of knowledge regarding technicalities. The e-commerce procedures were difficult for her to tackle. As she said that for any kind of issues calling the IT team was to be necessary. Now her products are sold on the e-commerce platform and is working with the vendors selling her healthy snacks.

Products and uniqueness

Her starting investment was Rs. 1 lakh which was her pocket money. This is whatever she saved during her college times. Spending money for the startup was easy but earning back the principle took place after it selling 200 products. Though, the initial days were difficult to assume about the future of the snacks business. Later the business flourished within few months which was a responsive success to Palak Dhand.

Snacks that are strictly prepared under the supervision and guidance of the MBA entrepreneur are not just healthy but unique. Consulting with the vendors and working closely to the quality and taste of the snacks is her first contribution. This has enabled the business to run and progress with monthly returns of 80,000.

She loves to cook and this is another reason that the food industry was one of the closest fields of motivation. Working in social media and staying connected to her customer is through her Youtube channel. The Blend with Palak, where she shares her recipes of different types that are her unique cooking creations.

There are wide ranges of products for the kids to the adults who have different preferences and tastes. Her distribution to the business is one-handed; she takes care of not only the unique quality products but also about the sales and finances. Marketing and distribution or delivery of the products, all are under her supervision.

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Entrepreneurial Journey – How about starting your own business with no or less money?

Seriously, it is no time to laugh and ignore the thought. You can easily think about building your own empire, if you have the guts to follow your dreams and making your dreams your assets, even without any monetary gains.

Robert Kiyosaki has fearlessly said a line ‘How to afford the thing that you want’ in his book titled “Rich Dad Poor Dad”. So, start thinking about how to build your legacy rather wasting your precious time worrying about your financial crisis.

Just relax and give attention to some serious four ways to ponder about how to fulfil your dreams along with your monetarycrunch.

• Go Online: This man started his journey by selling tomatoes for his mother’s stall and saying “hello, I am here at my garage” that  made him the internet sensation where Tai Lopez one of the biggest entrepreneur in  America was educating people.

He did started with talking about the books he read and ended up on selling books that he was having  on various internet platforms. Today he has various products on shopify and various companies of his own worth millions.

Believe me, shun the traditional method of marketing and advertising your products and services on paper in the form of pamphlets, brochures, and ad clips in newspapers and magazines. Such methods are expensive and you don’t want to become bankrupt either. Instead. Go online and make your Internet connection your place of exhibits and markets.

 Entrepreneurial Journey – 

1. Do research on Entrepreneurial Journey :Search for all the social as well as professional networking websites and upload your products and services there for all the concerned people to know about you as well as your stuff. You will see lots of like-minded people following you and you will get immense opportunities out there. This is one great chance for your online exposure without much monetary concerns. In this high-tech century, you need to survive being online and developing your business via the internet.

• Opt forUnconventional Fund Sources: Unconventional sources like loans, grants, crowdfunding, and fundraising are some methods of funds that flow well if you want other people to help you out. But, first of all you need to plan your business well and if your business structure is well-concreted, you will find like-minded people’s appreciation and helping hands too.

The grants can be accessed through various methods:

• Crowdfunding: Yes, one of the most popular yet interesting way of reaching more people and gaining fùnds through various sites like Kickstarter, Indiegogo,

Wishberry,ketto  and many more is easy.

• Find grants:There are some of Being an online business person, grants are available on the basis your start-up theme which will guide you and provide you with wonderful ideas and services for you to get creative and fetch them.
• Bootstrapping : The best way to keep yourself on track is

Bootstrapping at every stage, even if you pay for something it makes sense while doing so.

1 Defer  capital venture

2 Co-locate with other offices

3 Use existing equipment’s like your computer

4 Eliminate travel expenses.

2. Create Free Services: Free stuffs, like free training, free services, free teaching, and free learning are such that anyone interested can opt for easily. So, become creative and create your own free training sessions and workshops and let others know about your business within your local reach. No wonder much interested people will gather around and learn about your techniques and styles. In this way,you will get to know your audience’s likes and dislikes and their temperament too, which will be a great help in developing your own business structure.

If you want to see the power of free then the success behind the companies Google, Apple and many more is not hidden, if interested in knowing more then read this article “Free! Why $0.00 Is the Future of Business” by Chris Anderson.

3. Adopt Online Barter System:Exchanging trading services via the Internet is a great idea that you can opt for without spending any money. You should have your fast Internet connection and all you need is to provide your free services to other company websites. Other entrepreneurs will get to know your capabilities and techniques of working with them. In return, such entrepreneurs will help you to promote your products and services. You require to build your website well to develop your online barter system.

Many global tech companieshave been harvesting consumer data for commercial ends, have done bartering services for personal data. You can try this for growing your start-up.

Entrepreneurial Journey – On a keen note starting a start-up is the product of your will with your passion to make your vision into reality .

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