i dont have capital,how to start a business?

Answer 1

That is a good / bad question.

Answer 2

Sooner or later, people usually have to borrow some capital from a bank if they want to operate a traditional business. But bank loans are not the only source of capital.

If you have a home, you have capital, because you have a place to conduct business. If you have a job where you CAN live on less than you make, your surplus money is capital. If you have hands and a brain that can be put to work to make extra money, you have capital. If you can learn to sell on straight commission on the side, you are a capitalist generating wealth for yourself and your organization.

Capitalists, large and small, know how to fill a need and find and manage the labor required to fill the need. I knew a man who put an ad in the paper that he would do construction and odd jobs. If he found a job he wasn't skilled enough to handle, he negotiated a contract price, then went to the employment office and hired a skilled person who was out of work, and negotiated pay that would allow them both to make money.

He had people putting up picket fences and putting up out-buildings at fair wages, allowing him a profit equivalent to a day's work as he learned from his expert help how to put up the fence without help.

And he got a real estate license. He detailed cars. He saved as much money as he could and put it into working enterprises. He shoveled free feedlot manure into his pickup and sold it as fertilizer to make his pickup payments, using the pickup for hauling and moving as well. He bought and sold property and finally started making some good profits from that.

You can call that sweat equity. I call it thought equity. Whatever it is, he soon had more money coming in from investments than from his hard physical work. He became a millionaire which, of course, in this economy, is just getting started.

Answer 3

i've done this and i don't recommend it. it is very difficult to start something from nothing it can be done, you must be committed to give EVERYTHING to it.
if you have a business plan with 2 years of numbers then your off to a good start. without that you are dead before you even begin.
go to the sba site. www.sba.com and read, read and read some more.
do you know your niche market?
it can be done. like i said i've done it and i am 3 years into it. i leveraged everything to get it done. it is a big commitment. make sure you are ready for that and not just a dreamer.
if you are willing to work 18 hours a day for free for 2 years at least~you will succeed. if not don't bother.
something i did that worked well was i through a party for potential investors. i charged at the door $100.00 provided food, entertainment and drink. i raised 2K that night which gave me a start with the bank as well as a kick *** business plan.
whatever you are going to do make sure you have a mentor! most important is a mentor to guild you.
good luck. if it is something you love then do it. no matter what.

Answer 4

Perhaps you do not have any additional money than you are currently spending. As another stated you do need money to start up a business. Honestly I teach people to start their own on line business with the money they are already spending on the everyday items, food, beverages, paper towels, etc.... This is possible because you do not have to purchase and maintain a physical property. Perhaps you are not looking for an on line business, but if you are keeping your options open, get in touch with me, I would be happy to explain the advantages and how you can use the money you already spending to run a business.
Sincerely,
Ken Seavert

Answer 5

First you will need to know what kind of work you will deliver, then you should learn people skills and how to sale. You should research the kind of business you are starting by reading books find someone who is already successful in that business and learning from them, attend seminars listen to tapes get a real feel for it, then get you some books on people relations and how to protect there self-esteem, how to motivate people so if you hire some one you can get the best possible work out of them. How to sale buy books attend seminars, listen to cds and tapes but before you attend any seminar alway look at the research and make sure the guy who is presenting his way of selling is extremely successful. If you are going to get serious with this you are going to have to give up alot. I recomend in my oppinion that you read MAXIMUM ACHIEVEMENT by Brian Tracy to get you started in thinking different. (of course I own my own business which is on the internet and if you would like I can get you started in your own business if your interested send me an email)

Answer 6

Loans and grant.

Many people are unaware of the business capital loans and grants that are available to them through various governments and through the social sector.

Many people the experience and the knowledge to present their business ideas to secure loans and grants.

If you don't have a business plan, marketing plan, communication plan, etc. no one is likely going to consider you for any funding. If you haven't researched the marketplace, same outcome.

Be prepared.

Answer 7

Sell something you dont have but can deliver.
Eg for a friend, on commission, byproduct, or that you only pay for after you have sold it.

Sell something that is from your own physical, organisational or mental effort -hire or borrow equipment, agree progress payments, and only progress when you get them, also agree the job exactly and in detail in advance, get signatures to agree job and at payment stages.
Begin a partnership on a non-capital basis, or apply for a startup grant.

Answer 8

Look for some kind of cash infusion.
Get a second mortgage on your house.
Bring on board some friends who do have money.
Try to get a business loan.
Try to find some venture capitalist to invest into your idea.
etc, etc, etc
If you have a good business idea there is always a way to find some start-up cash.

Answer 9

Start saving. If you are sure the business you are planning on is surely or mostly successful, you could lend from a close relative for money and guarantee return and interest. The last option is lending from the bank which i highly discourage.

Answer 10

3 letters O.P.M. translation Other peoples money...
s.b.a./ s.c.o.r.e., inevestment groups/ partners/ forming an s corp or llc.. there are countless ways to do so. If you have a good business idea and plan ther is someone with the $ tht will be interested , its just a matter of linking you to them... cheers

Answer 11

Wow! This question is in the *philosophy* section? Maybe you need to rephrase your question. How about, "Is there a business? Why is there no capital?"