starting a business, try not to take loans because this is not good for future business. Very many of us want to start a business but we always think about how to get big capital. looking for big capital to rent a place, looking for big capital to buy equipment. I think the most important thing is that we have to change the mindset like that, we don't need to have big capital, but how do we use small capital to be able to make a profit? Because with the small capital that we have, we will focus on what we have to be able to get profits little by little. Because for me it is not the biggest capital to build a prosperous business. Of course, it must also be accompanied by the points conveyed by Op.
That's only if you start a brick and mortar business, like one that is either a shop or an office, because that's how it works. But when we are talking about a situation like online business, then you are not going to need much, I could probably start the first VIP under 100 dollars if you know what you want to do. A friend of mine started a dropshipping business, I know it's a cliche, for just 200 dollars, and they handled every time from start to finish within that much money.
All in all I think if you live in 2023, you shouldn't look to start a shop right away, not as a business idea, sure if you personally want that then that's fine, aim should be starting a cafe, aim shouldn't be becoming rich, if that's your aim then online is better.
I think whether it's dropshipping or selling online or opening a business offline I think it's a free variable, in building a prosperous business and increasing business expansion or valuation when you don't have a lot of money, of course borrowing/getting investment is the best choice in this situation, but before that you need to calculate the circulation of money first, because to see opportunities you need to see the flow of money, whether the business is big or small, if you see a bigger opportunity when adding capital from borrowing, of course that is the conclusion that must be taken to make a business you will be better in the future with the hope of being more prosperous.
If you only rely on the money you have, that doesn't mean you can't, but it will take quite a long time in any business aspect.