With the right strategy and an innovative approach, it is possible to turn an idea into a profitable business even on a modest budget.

1.  Choose an activity you feel committed to: think about what your project's values, mission and vision are and choose a cause that is relevant to you.

2.  Start with plans, not ideas: If your objective is to invest in a business, it is best that you understand all the relevant aspects of the market, that you can offer a product of interest to the public and that you know your numbers perfectly.

3.  Prioritize the creation of a solid business plan: This plan should be structured in steps to follow and have a detailed timeline of the stages of growth of your business.

4.  Think about people, not just money: While this is true, it is not only about making money, but also about promoting customer satisfaction. If you are just starting out and your investment capital is not very high, it will be difficult for you to break into the sector with a product that you can sell in large volumes or at high prices.

5. Look for support programs for entrepreneurs: Another good option to start a business with few resources is to approach support programs for entrepreneurs offered by banking institutions and government offices.

Translated by: A.M