Starting a business with no money

Starting a Business with no money

Starting a business with no moneyMany of the most successful businesses have been started by people who had no money or at least very little. There are many who make having no money excuse for not starting a business. Now it’s true that if you want to start making things in a factory you will likely need millions of pounds but that is one end of a huge scale.

You can start a business with literally nothing and gradually build your business up. Why, you can even start with one type of business to get you going and then switch to another as funds permit. Let me explain.

Image courtesy of iosphere at FreeDigitalPhotos.net

Starting a business with no money – grow slowly

I know many people who have started things like domestic cleaning and gardening businesses. They have not had to buy any equipment as initially they only worked for people who had the equipment themselves. With domestic cleaning that is quite expected. Once you have built up some income it’s then possible to expand into other types of cleaning where the customers might expect you to provide the materials and equipment. The same concept can work for many types of business.

With other businesses you might need a small outlay to perform at a certain level and then grow as you build the business offering more services as and when you can invest more in your business. A cleaning or gardening business might not be your dream business but if you built one up to the point where it could be sold it would enable you to then start your ideal business. There are many possibilities of starting a business with no money and it just needs thought on how you will do it.


Starting a business with no money – part time

One option of course is to start a business part time whilst you remain in employment. This will mean that you have an income on which to live and use your business income to reinvest back in and grow the business. It makes starting a business with no money a lot more financially sound when you have another reliable income.

So if you are looking to start your own business and don’t have any money look for ways that you can start without it.

If any of you readers have any experience of starting a business with no money please share it in the comments.

Share

2 thoughts on “Starting a business with no money

  1. Interesting take on starting a business. Cashflow is always the most difficult. If you can manage your accounting well and budget accordingly, you shouldn’t put yourself in such a bind early on. Be frugal, save, save, save! You’re going to need it in year one!!

    Cool read!

    Jullian

Leave a Reply

Your email address will not be published. Required fields are marked *