Do you get a new business idea? Do you think this idea will explode the market and will change everything forever? Do you really believe in this idea and think that this idea can turn you into a business tycoon? Well, an idea is just an idea unless you implement it. You can only make assumptions but unless you put the product or service in the market you can never know how it would impact the industry.

Basics of starting a business

• A team – Yes, you have an idea but now you need a team to work on that idea. No matter how great you think you are or you are, you cannot do this on your own. All great leaders and tycoons work with a team. If you want to achieve greatness, you need a team.
• Capital – Second thing you need is a Funding source[แหล่งเงินทุน, which is the term in Thai]. You cannot expect people to work for free. If they give you their time and effort, they deserve to be compensated for that. You cannot create a product without investing in it.
• Where to get the investment from

You might not have the required funding to start your big project. But you know if you wait for too long someone else might introduce a similar product before you. This will cost you a lot. No one wants to be second fiddle. You have the idea first so you must be the one to introduce it to the world.

You can apply for SME loan. Some companies give loans to startups and businesses. You can apply to them and you will get instant loans. You will have to pitch your idea to them, and you will receive the required funding instantly. Research a little about these companies before you apply with them. Go with the one that is giving best offer.