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Use your resources to start your business. 5 actions to use now.

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Before you start a venture, a business, and idea or a project, it is very important to map out the resources you have or have access to in other to start your idea. Resource is a means to achieving something. Here are my 5 actions you you can carry out now to help you  map out the resource you have and identify the ones you need;

  1. Identify your personal skill needed for your venture and get passionate about it.
  2. Identify material resource you can access.
  3. Identify how much financial resources you can raise.
  4. Create your have and don’t have plan highlighting your resource limitations.
  5. Match needed ressource with shared resources opportunities.

Details about the 5 actions

Identify your personal skill: What personal skill do you master that is relevant to the entrepreneurship idea you want to start? These skills are more like gifts, talents, things that you can do with easy by your nature or they could be learned skills. Write them down and develop some amount for passion for them.

Identify material resources available to you: What do you own?  Material resource is basically anything that you will have to spend money buying in other to start your business or project idea, but you already have them. For example computer. List them all out.

How much financial resources can you raise? Do you have any form of money at your disposal like Savings, extra cash from monthly salary, money you intend to spend on some leisure or luxury item that you can do without for now.  In the tutorial on this topic, i explained these points that I am listing now further.

Create your have and don’t have plan highlighting your resource limitations: what resources do you lack right now or do you still need to start off your idea?

Match needed ressource with shared resources opportunities: What resource do people i know have that can be useful to me? Look at your network of friends, families, colleagues. Is there anyone that you can work with to get some of the resources you need?

So match up ressources from your network with the ressources you still need, and design your business plan around these resources you have. Can you start your business from that point? In my video tutorial in my app about this topic, I have extensively explained each point, also giving you examples in some cases. This is a technique I always used when I wanted to start a new project or idea. Feel feel to connect with me on instagram @joadreapp if you have questions.

Cheers, Joana

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