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the majority of folks who want to start a business don?t have a lot of cash floating around and the lack of money to get started is the biggest disincentive for most people when it comes to setting up their own businesses in the first place. Is there a way to get started without any working capital or with just a minimal amount of money? the short answer is yes. If you delay common activities that are necessary for starting a company, like renting retail space, hiring staff, and incorporation, until after you have started earning money in your business (also known as boot-strapping), and do most of the activities of starting the business yourself, you can get started with no money or little money.
Business Ideas
What type of business are you planning to start? There are some businesses that obviously cannot be started without having some cash to invest, like a retail store, for instance. If you want to consult, teach, or coach, or if you want to offer services over the Internet ? these are all great options that require little or no money down to achieve. you might also consider affiliate marketing. This allows you to make money by promoting other people?s products; when you refer a customer or direct traffic to the affiliate merchant?s website, you make a commission. another no-money option is to publish an informational product, like an eBook, or an educational video product using equipment that you already own. with these types of products, you simply need to market them online and then collect your profit.
Eliminating Your Expenses
The following tricks from successful business start ups will help you further your goal of opening a business without a lot of working capital. Consider,
Working from home. or take your show on the road. for instance, if you want to meet a client but don?t want them to realize that you don?t have office space; meet them at a restaurant for a meeting over lunch.
Avoiding hiring anyone. although you will have to work harder, you can save a lot of money by doing everything yourself until you start making money to hire someone to help you.
Avoiding hiring lawyers and other experts. Find websites online that have the legal documents that you need and then modify it to fit your purposes.
Don?t worry about incorporating until you have begun to earn money; then consider the LLC structure. for now, a sole proprietorship is the cheapest route to go.
Don?t hire a bookkeeper; use Microsoft Excel instead. This program can be used to prepare your own financial statements and there are tutorials on how to do so all over the Net. or consider quick Books; this program is fairly inexpensive and easy to learn.
How To Start A Home Based Business With Little Or No Money ? Sam Kim's Network Marketing Mastery Blog?
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