Solid Gold Saturday

The first step of just starting… that part is really not that complicated. It’s a fear of failure that prevents us from taking that first step…

— Nic Haralambous

The newer way of thinking is something called a ‘Minimum Viable Product’…

— Nic Haralambous

Nic Haralambous started wild/crazy/luxury sock company Nic Harry from his bedroom to prove a point – you can start a lucrative business in a short time with almost no money.

Haralambous had only R5000, yet he turned a small profit after a month.

(Read “How Nic Haralambous started his thriving business with R5000 - and made a profit in the 1st month”.)

The Money Show’s Bruce Whitfield interviewed Haralambous for his weekly small business feature.

Haralambous spoke about starting you own business (focussing on the first steps and processes).

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

Everybody has an idea, but that does not mean that your idea has a place in the world.

— Nic Haralambous

If you think you’ve come up with an idea in the shower; you are patently wrong! The chances are your idea doesn’t solve a problem… If it’s big in YOUR world, it doesn’t mean it’s big in THE world… If you have an idea you’ve got to do your research!

— Nic Haralambous

Ideas are worth absolutely nothing…! The greatest entrepreneurs in the world are building their own stuff…!

— Nic Haralambous

You can’t plan for a billion dollar business at step one…

— Nic Haralambous

If you’re so confident about your idea; build it! Ideas are worthless…

— Nic Haralambous

It’s a fallacy that overnight successes exit! There is no such thing…

— Nic Haralambous

Take the risk! There is no success minted in being cautious… Build your idea! There are no businesses built by thinking; you build by doing.

— Nic Haralambous

Reframe the concept of ‘failure’. Failure is just a way to learn…

— Nic Haralambous

Never waiver on your vision; the way you get there can change.

— Nic Haralambous

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

This article first appeared on 702 : How to start your own business (by a guy who started his with almost no money)