A Few Clever Ways To Start A Business With No Money

businessStarting your own business is an exciting endeavor. You engage all your skills and experience to create a way of making a living with your passion, designing your dream from the ground up. You get to call the shots, make your own schedule and take the business in any direction that you choose. You have unlimited potential for growth and can really aim for the stars.

However, what if you have a vision for a new company but you just don’t have the money to invest in it? A new business will require a certain amount of expense, especially if you will need equipment, office space, fees for official registration with professional boards or other start up costs. How can you get your business off the ground if you simply don’t have the cash to spare?

Don’t worry; there are plenty of clever ways that you can get your business started for very cheap. If you can get the ball rolling without having to make a huge initial investment, you will lower your risk. As soon as your business endeavor starts earning you can invest the money back into it and things will snowball from there.

Here are a few ideas of how you can start a business without having to invest a huge amount of money at the start:

Launch It on the Side

Although you are dying to quit your day job, it might make more sense to hold onto it for a little bit longer and start your business in the evenings and weekends. This means that you have the freedom to experiment and grow your business, while still having a steady income to rely on. You will give yourself time to nurture and grow the idea as well as build an initial wave of enthusiasm with your customers.

Keep Expenses Down

When your business first starts out, do you really need to spend a lot of money renting an expensive office? In the beginning, you can build up your business while you work from home. If you need to meet with a client, you can arrange to meet them for lunch at a restaurant.

Also, do as much as you possibly can by yourself in the beginning so that you can avoid the expense of hiring employees. If you need to outsource work you can use freelancers whom you can pay a one-off fee to, but not be obliged to keep on with a salary.

Once your business starts to actually earn decent money, you can start building it with an office and employees. For now, keep it small and simple.

Learn for Free

Take the time to invest in your own knowledge, as you are your most important asset when it comes to the success of your business. However, there is no need to spend a lot of money on a business degree or high end business training workshops when there is so much free and valuable content out there to learn from. There are countless books, ebooks, blogs and websites that will give you helpful information and valuable insight into starting your business.

Team Up With Other Businesses

Another great way to keep expenses down is to team up with other businesses to find out how you can help each other with no money involved. For example, if you are a wedding planner, find someone who works in web design who is getting married. Offer to help them with their wedding for free if they help you with your website. Everyone wins!

These are just a few clever strategies to keep in mind so that you can start a business without having to invest a lot of money. Can you think of more?

Aki Hashimoto is a young entrepreneur who started her own web design and photography business three years ago. She found that the most important aspects of her success were solid business financial plans and a willingness to work hard and overcome all obstacles. 

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