Can You Start A Business With No Money?
You may think it takes a lot of money to make money. That is what we are told all the time. And yet, I know many people who have begun very successful enterprises without a lot of cash. Be aware that I am not advising anybody to quit a day job to plunge in. While it is possible to start a business without money, most companies do not start making a lot of money right away.
You may already have what you need to start a business. Or like the people in some of my examples below, you may be able to borrow or swap for equipment and tools. The main focus you need to have is to start small, learn as you go, and improve the way you do business on a day by day business.
Examples of Business People Who Started on A Shoestring
Dog walker: I met a lady on the beach who had managed to turn her dog walking business into a significant enterprise that allowed her to live near the surf! She started out by walking some neighbors dogs while they were at work or on vacation. As the demand for her services grew, she hired some help. Then she found she needed t spend time on paperwork, so she enlisted help was doing all of the dogs walking. She had turned a very low-cost business startup into a small business with employees.
Lawn Services and Landscaping: The guy who mows my lawn lost everything he had in one of the major hurricanes. As he found temporary housing with family in my city, he began to borrow a truck and equipment to solicit work mowing lawns and landscaping. Since he always went out of his way to be helpful, people started passing his name around to their friends and neighbors. Soon, he had to hire help, and he managed to purchase his equipment and truck. As he worked, he began to learn more about landscaping so he could take on higher paying jobs. While this man continued to do yard work, he also made income off of the work his employees did.
Freelancing: I know so many examples of freelancers who have managed to turn a skill or hobby into a full-time business that it is hard to pick one. With the growth of the internet, many websites solicit content. People who can provide informative articles, pictures, or videos can find work. There are many freelancing job websites. Another way to see this type of action would be to many webmaster forums. A lot of them have a section for buying and selling services.
If you have some computer skills, this could even get easier. There is a demand for freelance coders to write particular computer scripts. But even if you do not know computer languages, mere word processing or spreadsheet skills can get you to to work as a virtual assistant.
One Man Shop or Business With Employees
You may be happy just finding work to earn income. If you can also build your skills at soliciting work, you can expand beyond the tasks you can complete and profit from employees too. You may find, like others have, your time is best spent getting business and managing projects. Your employees may perform the actual tasks. But most small businesses have to build themselves up to this point.
S there any way at all on how to start a business without money? The only thing that comes close is to begin a business using OPM – other people’s money. You can, for example, borrow some money from friends, family, and other private investors. You can borrow from a bank. You can also see if the government would be willing to offer you some types of grants or funding for your new enterprise. The money will still be used to get the business up and running. It just won’t be your own.
If you are serious about becoming a home based business entrepreneur and aren’t afraid to invest in a business that can change your future for the better, there is a lot of information to be found online. You can see details about a profitable home-based business that can help you reach your financial goals everywhere, but what really works and how long does it take?
What you need to start a business is passion and a good work ethic. If you have those things, you can find ways to get what you need without a lot of money.