I want to start a business but I don’t have money. What do I do?

How can I start a business when I don’t have any money? Hope the community will help me to get some clarity here.

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2 Answer(s)

It is a misconception that you need a lot of funds to start a ‘’business’’

Here are 3 examples of ‘’businesses’’ you can start with less than $100.

1.Sell products online

You can just register at sites such as Etsy or Amazon and start selling products you like.

For example, you buy a t-shirt for $10 and sell it for $12 that’s a profit margin of 20% if you have no other costs.

2.Start a Youtube channel

All you need is content.

You could start your own Youtube channel for $0 if you use for example your webcam as a recorder.

3. Start a company

Did you ever hear of the saying ‘’The best time to start was yesterday the second best time is now’’

Well now is the best time to start a company with all the unlimited resources and knowledge we have online.

You just gotta come up with an idea which brings value to people and tries to build a product or service around that.

The key thing in starting an actual business is persistence if you are the type of person to quit within a week then scrap this one from your list.

And maybe if you are very lucky you will be the proud leader of the next billion dollar company.

Hope this helps 🙂

Answered on November 5, 2017.
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I know you got a great business idea, but the problem now is that you got no startup capital, no worries, you’re ain’t alone.

Lack of funds shouldn’t deter you from pursuing your dreams of becoming an entrepreneur. All you need to do is to have confidence in your idea and a clear vision about how you will be able to execute it.

Once you are able to settle that, getting the needed capital to start up the business may not be as difficult as you ever thought.

Take note of the following tips;

Do not lose your present job

Work on your business Idea on a daily basis

Make a clear analysis of your market and challenges as well

Make an assessment of  your capital needs

Visit and use crowdfunding platforms more often

You need to network with People

Run a Trial

Gather Feedback

Answered on November 6, 2017.
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