If you have a cool idea and want to make it into a successful business, there are going to be costs involved before you actually start making any money. Unfortunately, most of us don?t have thousands of dollars lying around to spend on starting a new business. Still, if you truly believe that your idea is a good one, and you?re ready to put in the work to make it successful, you don?t need wads of cash at your fingertips to get going.
Raise Funds
If you have a good idea, there are plenty of people out there that want to invest in you. You can get money through family or friends that want to be a part of your business, or through online systems created specifically for these situations. Some sites allow you to explain your situation and get others to donate to your idea (kickstarter.com is the most well-known of these), while others connect you with investors through peer-to-peer lending.
Peer-to-peer lending, where average people with extra cash loan money to those who need it, is more popular and safer than ever. If you can?t or choose not to get a loan through a bank, peer-to-peer lending can get you the cash you need at an interest rate based on the risk of default. If you have good credit and a stable income, you can get the money for your business at a low interest rate.
Get Educated
You may not have the cash to start your business immediately, but by talking to others in a similar field and learning about how to run your business successfully, you?ll be able to get your idea off the ground quickly without wasting much money. If you sit in on some classes focused on business management and start conversations with others, you can figure out what pitfalls to avoid and get some great advice that could be worth thousands of dollars, as well as making the connections you?ll need when your business takes off.
Start Online
Starting a business online can be surprisingly affordable, and is often a great way to get off the ground. Create a website and a blog that discusses the field your business is centered around, and start getting some traffic. Self-advertise your products or services on your site, where visitors will see what you have to offer. This can start you on your way to success, but you have to make sure you are putting quality information on your blog and updating often.
Spend Your Time
Often, a new business doesn?t need to cost a lot of money; it just needs you to put in time. If you have the cash, you can outsource work and pay for advertising, but when you don?t, you have to roll up your sleeves and do it yourself. Call people that might be interested in what your business has to offer, make prototypes and examples, create designs and the blog for your website yourself, and make brochures that you can hand out to possible customers. It?s a lot of work and may not be as polished as it could be if you had a professional doing it, but it?ll get you started and spread the word about what you have to offer.
If you believe in your business idea and are willing to put in the time and effort necessary to make it successful, you can make it happen without having cash in your coffers. Make smart decisions with the cash you?ve got and raise extra funds if necessary, but realize that the most important part of your endeavor is the time and energy you put into it. If you can do that, you can make it happen.
About The Author:
Michelle Poland is an avid blogger. If you are interested in starting a business, you might consider an MBA degree, such as those programs offered by http://onlinemba.neu.edu Northeastern University or http://www.brown.edu Brown University
23
JAN
Source: http://www.trainingtampa.com/2013/01/23/5-steps-to-starting-a-business-without-any-cash/
david wilson playstation all stars battle royale kim zolciak kim zolciak
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.