Starting a Business on a Dime
While there are many people who truly have the skills, drive, and dreams to start their own business, most simply cannot seem to afford it. For these people, finding the right investors may seem impossible as well. If you fit into this category, if you know you have what it takes to run a business and just need a boost to get started, here are a few ideas for how to start that business with little or no cash.
What Would You Like to Do?
Before jumping into the world as a business owner, it is very important to formulate a plan. Ask yourself a few questions. What kind of business would you like to have? Do you have the skills and knowledge needed to start such a business? Perhaps you would like to run a store online where you sell products to a target audience. Or maybe you are more likely to offer services, such as writing, editing, etc for other businesses.
Before you can go forward with any type of business plan at low cost, you will need to make sure that you have the skills and knowledge needed to start it on your own. By not hiring others, you can save a great deal of cash, but you need to be able to run things yourself. Research your plan, and discover the demand for your product or service and who the target audience will be. Then realistically decide if you have what it takes to reach them and provide what they need.
By simply researching online, you can find many free resources and tools which are available for those who wish to start a business. Even the internet can be had for free at coffee shops, cafes, and restaurants, although it is ideal to have the world wide web at home. You will also want to build a website for your business which will introduce you to the world. Many sites will allow you to create a simple, yet eloquent website for free or little cost which can be upgraded later as your business grows. Check out weebly.com, webs.com, GoDaddy.com, and yola.com.
You may also want to seek legal advice on starting your business, just to be on the safe side. At score.org, you can do so for free. One thing you may want to find out is which legal papers you will need for your business. You can find almost any legal document you may need for your business online. Simply revise the page to fit your needs, and print as many copies as you want. You can even keep up with your finances for free with programs such as Excel, or Quickbooks. Many colleges offer Quickbooks classes for free. Another way to save money is to design your own logo instead of hiring a graphic designer. At logoyes.com, they make this possible. You can create your own logo there, at no cost.
And there you have many resources for starting a business at little cost. Once your business starts talking in money, using programs such as PayPal and Google Checkout will allow you to take payment without having to buy any equipment. By starting off doing all of the work yourself, working online, and using these and other free tools and resources, you can start off slow but strong, and not end up in the hole!
Want to make your business dreams into reality?
At Renegade Entrepreneur Group we provide entrepreneurs with inside strategies and systems of mega-successful businesses. You can learn more by visiting our website: http://renegadeentrepreneurgroup.com
Angela Kaye Mason is a contributing writer for Renegade Entrepreneur Group.
Category: Small Business