How to start a business without start-up capital

Many people sooner or later come up with the idea of ​​starting a business. This happens for various reasons, although the main ones, of course, are a lack of money, an unloved job, a desire to try something new.

Instruction manual

1

There is a stereotype that it is impossible to open a business without investing a significant amount of money - starting capital. Many novice businessmen fall into the trap of this belief, take loans, sell property, borrow money from friends and relatives. At the same time, they completely forget that, according to statistics, only a third of new businesses remain afloat. The rest burn out in the first year. Thus, if the business is not included in that very third, its owner remains not at zero, but in the red, from which it is very difficult to get out. Therefore, it is better to start a business without start-up capital, so that in the worst case only time is wasted.

2

In fact, it is your personal time and skills that are the main starting capital for starting your business. Take a look around and you will see a huge number of people ready to pay money for your time or skills. You can organize the delivery of goods from the store to the buyer, mow lawns, sell seats in lines, write term papers, teach languages, mediate when renting real estate, provide domestic services - there are a lot of opportunities to find yourself. It is not the availability of starting funds that comes to the fore here, but the ability to negotiate with people.

3

A good option to start your own business at no particular cost is to make your hobby a business. If you like to make jewelry, grow flowers, sew, cook, draw, play musical instruments - there will always be people who are ready to pay you for this. The main task here is to find out about you. The easiest and cheapest way to advertise now is the Internet, where using social networks you can attract potential customers for free.

4

By the way, business on the Internet also does not require any investments, except for time. You can write articles, make websites, do web design, look for information. Of course, all these activities require appropriate skills, but, for example, the basics of web programming can be learned independently and for free.

5

Finally, you can become a consultant in the network marketing system. Despite the established reputation, a lot of people use the services of consultants and distributors, and having minimal organizational skills, you can quickly switch from the direct distribution of cosmetics or household chemicals to business process management.

6

Keep in mind that although there are a lot of distributors working in network marketing, only a small percentage goes to the managerial level, because for the majority it is enough just to collect orders by acquaintances once a month, and many generally go only for discounts. Just set a goal to make this activity something big.

note

In no case do not take loans to open your own business. It makes sense to use borrowed funds only to increase the turnover of an existing business.

Useful advice

Starting your own business, do not quit your job irrevocably. If a new business takes too much time, it's best to take a vacation.