Your Network Is Your Networth, Build Social Capital.

There are so many ways to make money without having a capital at first.

Pexels

Before I start talking about these ways, you need to answer this very important questions;

What are You Interested In?

Have you realized that sometimes the thing you are really passionate about is not what brings you money. This is what differentiate the wealthy from the average. The average would always want to turn their passion into their profession, But the wealthy creates and find passion in everything that brings them money, which they achieve through the help of discipline.

You have to understand that is not every time you stay were passion is. Because you are passionate about something does not mean you will stay there forever, especially when things are not really working out as expected. If you discover an opportunity in another place you just have to start developing passion around it.

What is Capital?

Capital is an asset or a money owned by a person or an organization, which has been set aside for the use of starting up a business, Investing or running a company. This means that any form of resources you have that is required to start up a business, Investment or a company is called a capital. Capital is what you need to start up your own business or organization.

There questions you must sincere answer before you can start any venture;

1. What problems do you want to solve?

2. Who are you?

Ask yourself who is this person that is trying to solve this problems, does he have a good track record? What is the level of your networking? Do you have integrity? What comes to mind of others when they think about you?

You might have a good business idea and ability to solve problems, but do you have a good reputation? Sometimes we refuse to answer these questions, that is why we fail in our business even though we had a good ideas. Understand that what worked for others may not work of you, because the weight of their contacts is different from yours. You have to settle the mistakes around you with people before you start up a business.

So many wrong people are trying to do the right stuff that is why they have not succeeded. Take for an example if you are a person who is known for borrowing without paying back, you will mostly find it very difficult convince people to invest in your business, they would not want to because they have had past experiences with you.

What you must first do with yourself before starting up a venture is to build huge social capital which consist of your integrity, networking, powerful relationship and communication skills. You need all this, they really matter a lot. Can someone vouch for you, even if they don't have money to give you, can they confidently recommend you to someone who can change your life. When it comes to finance you can not separate this personal characteristics from it, you need them to succeed.

Remember what they said. "Your Network is your Networth".

1. Are you very skilled in solving that problem?

You must proof to others that you have the required skill to solve their problems. The best way to do this is by first offering free service to those who are around you. You have to understand that people may not have money but they can recommend you to someone who does because you have proven to them that you are qualified.

The people that wants to help you would always want to know your track record first. They will look and find none because you have refused to offer your services for free as a starter. If those people you did free service for were not able to pay you, they will give you a good track record that will qualify you for where the big deal is.

If you love doing a particular thing, start developing yourself. watch out for people who have succeeded in that field that you want to embark on, learn from them, get a role model and follow them till their spirit and energy matches with yours. You cannot be in a particular field and have a role model that you look upto.

Most of us sometimes are asking for an amount that we have not build the required value to offer at that moment. People can easily replace you because you have not developed yourself to the point that you become too valuable to be neglected. Learn to build a track record, sometimes offer your services for free. Remember the business is not yours if you are not willing to do it for free. start with this, it will pay off later.

Develop yourself. get materials online and learn from people who are already ahead of you. Also learn to offer your services sometimes for free.

One thing, remember you cannot acheive all this if you are not action oriented. Learn how to take action

Only those who take action can succeed. Be action oriented**

https://img.inleo.io/DQmZDPmZjB7jjPM3ZZd854qQi8UV1r5UK6Q9WvpJLU7moKY/IlOve%20blogging%20(1)~2.jpg

Posted Using InLeo Alpha