Lesson 5 - Funding Your Business

For the challenge of $ 100 US dollars, the business that I chose is to sell second hands items on the Internet, on OLX site for the entire territory of Portugal.

To initiate my business I will not need initial capital, but more a computer with internet access and a way to photograph the object that I want to sell (mobile phone).

The goal is to place photographs of the articles that I intend to sell at the desired price, (which may be negotiable or not) with my contact in the OLX site.

The delivery of goods to the customer can be personally (matching the buyer if it is close to where I live), or by mail if for the rest of the country (paying customer shipping costs beyond the stipulated price of the item)

The payment can be by bank transfer (preferred) or in cash if we meet personally.

Since I will use the OLX site, I will not need initial investment.

Articles that I will sell are items that I have, that I intend to discard them and that can be of some use to someone.

If I would not sell these items, I would certainly give them to someone else or would lay them out. But I found that the trash of someone can be the treasure to someone else.

The first items that I am going to put on sale are the schoolbooks of my eldest son who went to mission. There are always families in search of cheaper textbooks when the school year begins. I hope to earn good money from these sales.

From the interview of Desh Deshpande there were some insights that I considered very important to retain:

Dr. Deshpande said: "All the things that you think you need, you really do not need." This is so true, sometimes we think we need something that really do not need.

He went on to say: "If you know of something that can be done, then you can do it, but knowing the opportunity that can be done is probably the greatest gift you can have."

When things go wrong, when we think it's the end of the world actually is not, and when we go over this phase, we feel much more comfortable in difficult times. When we think of the hard times, things are not as bad as it seems.

Setbacks serve to increase our comfort zone.

No matter the origin of the person, but the passion and optimism that the person does things, that's what makes things happen. Being optimistic is a good quality for having entrepreneur.

Dr. Deshpande talked about something we always talk to our children. When we are born in a place where we have all the comfort, usually we consider for granted, but it is not. Have running water on tap, turn on the switch to light that there is actually an advantage that we only value when we do not.

It is important to have notion of the resources available. What we need is motivation and aspiration to achieve.