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Entrepreneurs – How Can You Start A Business With Very Little Money?
Written by: Lee ListerArticle Overview: The age old question, you want to start a business but have little capital available. So how do you do it?
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Free Download - What Type of Business Should I Start? By Lee Lister |
Entrepreneurs – How Can You Start A Business With Very Little Money?
First of all have a look round for sources of borrowing money. The first obvious step is your bank. They are unlikely to lend money unless you have at least a deposit of 20%. Similarly if you approach the Small Business Bureau and ask for a guaranteed loan – they are probably going to want a similar deposit.
They may be able to offer you some advice though. Your best bet is to get together a realistic business plan with what you wish to do and what it will cost in quite detailed format. Also include details of whom you expect your market to be and how large this market is.
A venture capitalist or angel investor is pretty much out of the question unless you have a really unique protected product or a very well established business.
Another source of business funding help may be to apply for a grant. They are difficult to get and you will have to have, not only a good case but a very well defined business idea.
So if you are capital poor the best advice is to start small. Look at a smaller version of what you intend to start up. If you want to open a restaurant for example, look at event catering, cake decoration or providing manned bars for weddings etc. Make sure you have the right licenses, permits and health certificates first.
If you are looking at providing any kind of service – start with offering your services to local businesses first and working from a home office.
If you are looking to sell products or hand made items, then start with a mall kart or stall in a flea market, boot sale or local market place.
You can also try eBay, CraigsList etc.
If you looking to sell produce then try your farmer’s market.
Start small and you have not risked too much and build up. If you do well you will learn, establish your business name and build up capital and customers.
Good luck
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About the Author: Lee Lister RSS for Lee's articles - Visit Lee's website  From an early age she began an unparalleled journey through business consulting that continues to span across the UK, USA, Europe and Asia. She has consulted for a considerable number of companies all over the world. Specialising in business change management, start up consultancy and trouble shooting. Lee's experience in marketing and internet marketing is also keenly sought after. She is a prolific published writer of books, ebooks and articles and can easily be found on major search engine and Amazon. Her books include: FastTrack Bid Management, Proposal Writing For Smaller Businesses, How Much Does It Cost To Start A Business, Entrepreneur's Apprentice and a series of Start My New Business books that do as they say in the title! Her major web sites are: Click here to visit Lee's website   Entrepreneurs Want To Start A Serious Ebay Business Autoresponders Heres Some More Unusual Uses For Them Want To Know Why You Are A Failing Entrepreneur Do You Really Want To Be An Entrepreneur Entrepreneurs Youve Got A New Business So Shout About It |
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Idea: Sell advertising on the back of cars in the form of reusable magnetic signs (about the length of 2 or 3 bumper stickers)
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You don't have to pay the cost associated with creating the Magnetic Ad because you will advise the company that this belongs to them and you can get them in touch with someone who created reusable magnets.
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Re: Magnetic Ads - Biz Idea
- [quote="jvprosperity":32z4qe9w]Attn Young Entrepreneurs looking for a Business Idea.
This came to me while sitting in Traffic for about 1 hour while looking and laughing at ridiculous bumper stickers.
Note: this idea is rough but will help get the idea-momentum going.
Idea: Sell advertising on the back of cars in the form of reusable magnetic signs (about the length of 2 or 3 bumper stickers)
Most people shouldn't have reservations to participating if they get a cut of the monthly fee you charge the company advertising and it doesn't hurt their car.
An example of a Magnetic Ad:
Geico: I saved 15% on my Car Insurance. Call 1-800-U-SAVE-15
You don't have to pay the cost associated with creating the Magnetic Ad because you will advise the company that this belongs to them and you can get them in touch with someone who created reusable magnets.
So your basically managing two sides:
1. Company's that want to advertise
2. People in your neighborhood (to start) who will put the ads on their car. Bigger cars can have more than one ad.
Happy Money Making![/quote:32z4qe9w]
What a brilliant idea. Please more info about the sticker and money involve.
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