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Entrepreneurs looking to start out can get deluged with business advice on how to succeed.
Business mantras and tips frequently fly that viewers of the Apprentice TV show would know well, as business gurus preach about the need for doing your research, picking the right people and so much more.
However, many business success stories have shown that you can take off without the need for any of these seeming "essentials".
HuffPostUK has compiled eleven examples of what you don't need to worry about lacking in business (but having a few of them could help).
Business 'Essentials' You Don't Need To Succeed
Originality(01 of10)
You don't need your own business idea, you just need to do it better than everyone else.Retail mogul and ex-Dragon Theo Paphitis admitted:"I've never had an original idea in my life. I just look at other people's ideas and execute them better". He's worth an estimated £210 million.
Any Specialist Knowledge Of Your Sector (02 of10)
Just look at Virgin boss Richard Branson, who is worth nearly £3 billion ($4.2 billion). Branson's Virgin Atlantic Airways soared to £1.73 billion ($2.7 billion) in value. Not bad for a guy whose previous experience was in the music business. He's said to have quipped "you don't need to know how to fly a plane to run an airline". To show that Virgin Airways isn't a one off, just look at his latest venture Virgin Galactic - offering customers the chance to blast off into space. Do you think Branson is a trained astronaut?
Lots of Money (03 of10)
You just need an idea - what on earth your business will do.You can try to get enough funds from business angels or alternative funding sources like peer-to-peer lending. Or if you can't get any money at all, you just need to know how to work best with what you've got . The story of one red paperclip covered a man's journey of swapping his way up the ladder from one red paper clip to his own house. He didn't have to pay anything as he relied on his bartering skills.In the same way, you never know what assets you can use to raise money, whether it be pension-led funding or your house.
Employees (04 of10)
You may have to do more yourself but you can save costs without forking out for a huge team. Entrepreneur Pleurat Shabani built up his Vodka brand "Konik's Tail" all by himself into a drink now rated as one of the world's best Vodkas, with the business worth £1m. He even goes as far as producing every bottle of vodka himself too thanks to his shoestring budget. If you're not up for such a slog, you can always outsource tasks like production for your business elsewhere. if you're not up for getting permanent staff in, you can always
Profit (05 of10)
That's right, you don't even have to make a penny in profit to build up a major business.Instagram was snapped up by Facebook last year for $1 billion, despite never making a profit.Meanwhile, YouTube was bought by Google for $1.65bn in 2006 - despite the online video site never having made a profit.
Good Press (06 of10)
You can cut through and get business success without having everyone like you.As hard as that may be to believe, just look at low-cost budget giant Ryanair and their chief executive Michael O'Leary. Despite the press, Ryanair have grown to be Europe's largest discount airline.
Advertising (07 of10)
The cast of Mad Men would be furious to hear this, but you don't need to fork out for big adverts to get customers mad about your business.Massive billboards may be nice to book, but are they really worth it to get the punters interested? With free social network outlets like Facebook and Twitter, you can advertise your business however you like. The internet means that a customer wanting what you have can stumble across you in the end. And when customers start to try out your business, the word-of-mouth spread can be all you need for its popularity to soar.
A Business Plan (08 of10)
Some may swear by thrashing out a business plan, but really it can get you bogged down on procedure and bureaucracy.Meanwhile, other start-ups can go out there, thrive and adapt what they do once they get a feel for the market and how customers feel about them. As author Dr. Alexander Osterwalder said: "I don't want you to ever write a business plan again because it's a waste of time."
Charisma (09 of10)
Boring guys can still succeed, as much as the swaggering tycoons like Alan Sugar and Donald Trump may try to suggest otherwise.Many top entrepreneurs are known to not like giving interviews, while very media-savvy figures don't have businesses in the rosiest of health.Take new Dragon Piers Linney as an example. His company Outsourcery may be valued at £34.6m, but his firm is still in the red, posting pre-tax losses of over £10m in 2012 alongside just £3.6m in revenue.
An Office To Base Yourself In (10 of10)
Offices rather can be a thing of the past, as business rates make running an office rather expensive for a young firm.With the spread of laptops and smartphones, you can take your "office" with you.