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Savings Tips 5 ways to achieve your business dream with a small budget

No matter where you're from, your dreams are valid - Lupita Nyong'o

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A dream doesn't become reality through magic; it takes sweat, determination, and hard work.” Colin Powell

Define what you want

Take some time to define what you want in as much detail as possible, so your dream becomes something real that you can begin to work towards.

READ ALSO: 5 ways to save more money on rent

  • Calculate the Cost

How much will it cost you to make your dream a reality? Get an expert in that field to give an estimate of the numbers and ideas on how to get funds for the project. Prices may change over time, but this will at least give you a jumping off point.

  • Give yourself a deadline

Don't let the price tags intimidate you. Set a time frame to realize your dream, so you can start formulating your plan of attack.

READ ALSO: 5 dangerous habits that could make you broke

  • Set savings goals for yourself

Create a realistic budget and stick to it. Find creative ways to save more on food, clothes, fuel and medical bills. Find new ways to earn extra money. Working hard will just make you appreciate your dream even more.

  • Maintain your motivation

Review your progress regularly to maintain your enthusiasm. Do research on your project to be fully equipped when you start operations. Attend seminars and interact with people in the same field. Hearing their success stories will motivate you to work hard towards your dream.

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