Can I Really Start a Business With NO MONEY?
Article By: Nikisha Thompson
Of course you can start a business without any money! Will it be successful is another question. At some point you will have to spend money on your business, even if it's $10.00 to print flyers or business cards. One of the reasons why most startup businesses fail is because owners are not realistic about the financial demands of the business. Look beyond the obvious costs of the business, and create a budget that includes reserve funds for marketing and operations.
There are many low cost businesses ideas that enable you to get started for under $500. For example, many direct sale companies allow you to be a consultant for $100 - $200 dollars. (Visit my Product Business Ideas to learn more about these opportunities). This price may include a website, samples, and marketing materials. While it's a great start for someone getting into business, the kit's materials will only take you so far. It is ABSOLUTELY NECESSARY to invest more time and materials to obtain the type of customer base that will actually allow you to see a profit.
Regardless of the type of business you are starting, you should have the funds needed to finance 6 -8 months of operations. If you are running a home-based business, you should have enough money to pay for business cards, flyers, your fax service, equipment, office supplies, letterhead, logos, and all advertising costs for the next 6 - 8 months. Your list may be more or less extensive, but be sure you are including every cost you will encounter in your startup months.
You can save a lot of money by utilizing the free resources that are available to you. VistaPrint offers a variety of free marketing products including business cards and logos. I have used their services several times and the quality is top notch for something you do not have to pay for. You can also use web resources like Microsoft Officelive's free website services. Utilizing these resources will significantly lower your financial burden.
The moral of the story is....You can start a low cost business, but to be successful, you will need to invest time and money into developing and marketing your products or services. Business finance can ultimately make or break your small business.