I've found that artificial intelligence (AI) is a transformative tool, crucial when I lack time and money but have an innovative idea. AI acts as my personal assistant and expert across various domains, aiding me in developing effective business plans and action strategies. When resources are scarce, AI accelerates the research and organization process, optimizing the execution of my projects. In summary, AI has become a key ally in turning my visions into reality, saving me invaluable time.

1. Prepare your business plan and have some discussion with your team, 2. Ask your family members and friends for seeds and angel funding, 3. Ensure your family to support you for a long long time, 4. Look for your seeds user to give you timely feedback about your products and services and solution.

Statisticians are professionals who apply statistical methods and models to solve real world problems. If you are a Statistics Professional, it would not be a problem to find your niche. Simply add this capability to your basic area of strength. To date, there is a great need for effective & efficient statisticians in the field of scientific research and innovation. In practically all areas of scientific study statistical methods are required starting with planning, designing, data collection and analysis and most importantly in extracting reliable information which lead to highly significant conclusions. Having strength in research methodology, coupled with strong statistical capability will propel you to great heights!

Your business model does matter to the potential investor. At early stage your team is the most important. At this stage you have few operational and financial data to prove your business model's reasonability and reliability. Your team is your only brand.

Once you have identified your niche, it follows you will do everything to build on your strength and gain more followers through time. Leaders are willing to pay high for capabilities which are difficult to find. For example if you have shown successful leadership in research built on your statistical strength, this will easily be noticed and your successes will generate referrals. If you know how much to charge for your rare capability, you can earn your own capital to enhance your business. Goals to be achieved should be made clear from the very start so that progress towards its achievement could be statistically monitored and analyzed relative to areas requiring additional growth and development. Review your business plan regularly

Early stage funding depends on your social network deeply. Your family and your friends and their friends usually support your dream because they trust you and their own friends. If your partners and team member have a wide snd effective social net work, your funding will be much more easier. We I started my consulting company in 1998, I just got my Ph.D degree and a visiting scholar experience. My husband and his friends and our common adviser supported me and gave my the first funding. Ten years passed and in 2008, we started our investment business. Consulting + Capital are much more powerful for our clients. We care about the mature and successful enterprises and at the meantime we support more startups.

If you have developed your niche properly and gained your reputation from the successful implementation of your expertise ( i.e statistically designed scientific research ), results will speak for themselves. Services offered to new clients based on referrals from satisfied customers had been shown to be one of the best kind of. “pitch” for your business. When companies seek your services because they saw proof of your capabilities from recommendations from happy customers who actually “pitched” for you. Your business plan should clearly show how your services will be implemented to ensure that the customer’s required outputs are clearly defined and they fit perfectly with client’s expectations.

Get connected to a group of like minded professionals who share similar goals and ambitions. Combine forces and start with free work. That free work, if done well, will attract clients and end users who are willing to pay a nominal fee. With a couple of projects executed successfully and a healthy list of clients, you are good to start full scale and get the ball rolling.

Consider bootstrapping: If you have some savings or can generate revenue through consulting or freelance work, you may be able to bootstrap your business initially. This involves funding the business yourself without external investment. Explore government grants and loans: Many governments offer grants, loans, or other financial incentives to support small businesses, particularly in technology and innovation sectors. Research what programs are available in your area and see if you qualify. Crowdfunding: Platforms like Kickstarter, Indiegogo, or GoFundMe can be a way to raise funds from a large number of people who believe in your business idea. This approach requires a compelling pitch and marketing effort to attract backers.