Starting a business requires adequate capital. However, many entrepreneurs are finding that capital alone is not a guarantee for success. Some businesses start out with millions in the coffers, yet end up in the dumps. While a few businesses with shoestring budgets eventually grow to become extraordinary successes. Success in entrepreneurship is not necessarily a contest of having the fattest wallets.
Successful entrepreneurs know how to stretch and maximize every single dollar.
Set realistic goals. The first step every start-up entrepreneur must do is to determine the right scope and size of your business. They eventually fall short of what they can really do. Review the business you have in mind and determine if it is within a range that's both attainable and desirable. Plan your costs properly.