Where do I start if I dont have any money, to start a business?

Answer 1

There are many businesses who started with so little yet grew to become good income vehicles down the road. But it will take more work, more research. With little resources, you can't afford to make mistakes.

From the article "How to Start a Business with Little Cash" http://www.powerhomebiz.com/vol30/nocash.htm here are some tips on how you can start a business and earn more money even if you are short of cash today:

1. Find a business that you can start for little money (e.g. an errand business where your main cost is telephone and gasoline is easier to start than starting a Subway franchise)

2. Consider your time and effort - if you have little cash, you may have to work harder for the money because you will have no resource to outsource or employ others to do certain tasks for you; or you have no money to buy equipment so you can only do certain things the long way

3. Get your creative juices flowing. With no money, the only thing you have is your imagination. Be creative and find ways to get things done

4. Be prepared to do all the work yourself - from doing your business plan, finding financing, writing emails, shipping and handling, marketing or whatever processes your business requires.

5. Be prepared to invite investors - you may need financing help from someone down the road so be prepared to share some of the pie.

To give you ideas on what exactly do you need to start your own business, here are ten things you need to know before launching your own business “10 Things You Need to Know When Starting Your Own Home Business” http://www.powerhomebiz.com/052006/startingbiz.htm .

You may want to consult with an experienced entrepreneur or small business adviser to help you map out the best and cost efficient ways to start a business.There are several places where you may be able to find a mentor:

- Government Mentoring Programs such as SBDCs, which works with community colleges and local business development councils to offer mentoring programs http://www.sba.gov/sbdc/sbdcnear.html ; or the Women's Network for Entrepreneurial Training http://www.sba.gov/womeninbusiness/wnet_roundtables.html
-Volunteer programs such as SCORE http://www.score.org which is composed of mostly retired executives and entrepreneurs
- Formal mentoring programs such as Athena Foundation http://www.athenafoundation.org/programs/globallinks.html , Helzberg Entrepreneurial Mentoring Program http://www.helzbergmentoring.org/HEMP/ , or The Aspen Institute MicroMentor Program http://www.micromentor.org
- Professional organizations such as the National Women’s Business Council http://www.nwbc.gov/Mentoring/programs.html
- Industry and trade associations
- Local business groups, such as the chamber of commerce
- Local chapters of business groups

Answer 2

By researching the prospect of starting your own business -- what it entails, what you need to know, helpful hints, etc -- you'll feel better prepared to take that plunge.

I found some book titles that are relevant to your specific question:

* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy
* The Small Business Start-Up Kit by Peri Pakroo, Peg Healy (Editor)
* Finding Money: The Small Business Guide to Financing by Kate Lister
* Free Money for Small Businesses and Entrepreneurs by Laurie Blum
* No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen
* Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein

I also posted some article links in the source box.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 3

Well, first you need to have a plan for what type of business you want to run. Next, you need to start wearing slutty clothing on a regular basis so that you will attract cheesy guys who will be interested in acting as an investor, and putting forth the money necessary for starting your business. You will also need to make friends with a lawyer (preferably male) who will keep you from signing any bad contracts/keep you from doing anything blatantly stupid. Otherwise, you can apply via your state's homepage for a grant, but it's much easier to just act like an idiot and get some rich, dumb guy to pay your way! ;)

Answer 4

First, one should consider their list of objectives. Next, analise their situation which consists of: immediate financial needs, personal abilities and attributes, detriments & stumbling blocks, and an inventory of available resources to overcome the stumblingg blocks.
Also consider what field of endeavers you really enjoy doing. If you can't stand spoiled brats, then don't go into teaching. Otherwise, use your creative abilities to explain how to create a 'bratless' generation in our society.
Use your daily experiences to perform a simple reality check. What did you experience today that disappointed you? Was it a product? Or lack of availability of that product when you wanted it? Was it some interaction with a person, machine, a law, or the rules that upset you? If so, consider what changes would have made the situation better for the society, company, or neighborhood involved. If you can create or design a better mousetrap, the world is standing in line to purchase one from you.
Listen to people that say,"I wish my Mom could or would bake cookies every day." Any Mom on the block would rather buy cookies from you than bake them themselves. Especially if they don't have a Dunkin Doughnuts nearby.
Ever wish that while you were sitting in the shade on your front porch during the hot summer evenings that someone would come by with cold pop, tea or lemonaide for sale so you wouldn't have to drive to the CircleK miles away? Ever consider putting a pop machine on your front porch?
Ever wish you could find a reliable, sane, trustworthy babysitter? So do many other people!
Consider your wishes and needs, then realize that many in your community have the same needs. Can you supply the solution?
That is often the bottom line question determining your success or failure with a new business. Do you have a product or service that people need or want? By listening to the complaints and comments of your neighbors, friends, relatives & associates pertaining to their daily lives you can perhaps develop a process, product or solution that would enhance their lives and fulfill one of their needs.
I believe that your best chances of finding that "successfull" business relies more on your initiatives and creative efforts than some internet spam that promises you wealth. They often take advantage of your hopelessness and desperation at mimimum wages to perpetuate their wealth.
Perhaps one last, but important tip to start with. Consider your daily habits and the value you place on them. If they are prevent-ing you from saving money, consider re-arrranging some of your priorities. Re-valuate your friends & acquaintances, are they holding you back or encouraging & assisting you? What kind of friends are they?
Its your life, but you usually can't have it both ways. In order to start a new business you must be prepared to start a new life.
Your utmost priority should be: I want to change my life into a happy, sucessfull, and profitable scenaro. I am willing to make the necessary changes to accomplish this goal.
You will find many previously written helpful answers within the answers section which will link you to banks, SBA, etc. But first you must put your heart into it in order to succeed.

Answer 5

For starters you could go to the SBA and get an application. This has help for small business trying to get started. You may need a CPA to help fill the booklet out. Or you could find a financial backer who wants to back you with his money and you do all the leg work to get the business started.
Another option is to talk to your local banker and ask what he think your options are ..Bankers can give alot of advise as to what your next step would be.

Answer 6

There are different grants for women that you could look into to start a business. It may depend on the type of business that you are looking for.

Answer 7

Write a buisness plan, and you can get help doing this by contacting your local small buissness administration, or your local college, they have people who own small buisnesses that will help you write the plan.

If your bank turns you down, you can then go to the small buisness administration, and apply for a loan, but you really do need to write a good buisness plan before you do anything else

here is the site for the Small Buisness administration, you can get some very good helpful information there.

http://www.sba.gov/

Answer 8

Start by reading this article. It will put things in perspective for you. The site also offers great ideas on how to start different businesses.

Answer 9

Contact the Small Business Administration for help - www.sba.gov

Answer 10

u should have u and some 1 eles
do something yall like
but split it in half like 50 50
spend some buy things u need 4 ur business
save some in case u lose half ull still have half
but start small work ur way up