How to start a business with zero investment
There are some “lessons learned” that many entrepreneurs learn the hard way about how to start a startup. In this article, I will share with you what I learned so that you don’t have to repeat my mistakes and struggle with them all on your own.
It takes a lot of work– as well as technical work– to get an idea off the ground and turn it into a profitable company.
Maybe you are interested in starting a business, but don’t have any money to invest in it. Or perhaps you do have some money, but don’t want to go into a joint venture with someone else who has invested his or her idea into the company. What do you do?
Here are some tips I’ve learned along the way about how to get started with zero or minimum investment.
- A good idea will lead to opportunity: Startups require a lot of time and effort. Don’t be discouraged if the first venture isn’t profitable right away. If you are persistent in your goal and keep control of your spending on any venture where you don’t want to risk a lot of money, there will be an opportunity to pay back. You have all the time you need because startups don’t make money right away.
- Know thyself and do it yourself– if possible. As much as we would like to have a theme song that says “Do it yourself” for every startup idea, we don’t always have the skills or resources required to build things ourselves at first.
It can be difficult to know what skills you need and what you don’t. But if you are going to start a business, it’s important to know how to do everything yourself. I’ve found that’s the best way to control costs and make sure everyone on your team knows what they should be doing.
Knowing how to do one thing is important for every person on the team. But if you are looking for help, you can find the right people by networking. When I started a business, I didn’t know anything about computers or technology. I knew nothing about how to build websites or design web pages. I didn’t even know what HTML was– although this wasn’t a problem because we were the only website on the internet at that time. We designed our own site from scratch, learned how to build it, and then hired people who already had knowledge of these areas of business since they were experts in these areas.
- Networking is the key: It’s always better to know than not. When you meet people who can be helpful, ask them questions and find out what their knowledge is and if they have any experience in your area of interest.
- Partner up with the right people: When you’re starting a business, it’s important to find people with skills that complement yours. Look for other entrepreneurs who are looking for partners in their areas of expertise. There may be someone out there who can team up with you on your venture– or you may find that you are able to help another entrepreneur out on their idea as well.
- Go local first: Start small. Local businesses are easier to manage if you want to maintain control. As you build your business, you may find it’s necessary to expand into areas outside of your local area. This requires networking as well– and for most people, finding partners or employees who don’t live too far away is important for a successful business partnership.
- Create a website using free software: You can use open source tools like WordPress to create your own website. There are a lot of templates available online that you can use on these platforms so that it’s easy to get started and focus on learning how to navigate the site instead of having to worry about how the site functions at first.
- Start social networking: It’s important to have a website, but you also need to have a presence on social networking sites. If you are going to be successful, there are a lot of people who will need to know where your business is and what you do without having to ask you explicitly for the information.
There are businesses that make their living by doing pre-launch marketing for new startups. They spend years building up their reputation and creating buzz about their company before they are willing to advertise it on the internet for money.
- Research the costs of advertising: When you are ready to start advertising, you should know what to expect from different forms of advertising before you spend any money on your business. You should research how much it costs to advertise on the internet, television, and other media outlets.
- Get started with paid more than free: Your website and social networking presence should be free for at least the first several months that your startup is up and running. Most people who are starting a business can’t afford to have paid advertisement either– but it’s hard to find people who want to run a business without an online presence if you’re planning on making money from it.
- Watch out for the competition: Don’t get too stuck in your marketing plan. When you start your business, you’re probably going to be bombarded with a lot of marketing leads and people trying to talk you into something that will help them make money. You have to be aware of what’s going on outside of your company and watch out for the competition who might be trying to steal your market share.
- Keep yourself motivated: It’s easy not to complete certain tasks if they seem difficult or daunting, but it doesn’t work out that way when you’re running a company– especially when there are a lot of other responsibilities involved.
Conclusion: Starting a business is easy to think of as a difficult task, but it’s not. You start with nothing and build from there. You’re dependent on the people around you for help, but luckily you don’t have to make these decisions alone. There are many great resources available on the internet that can teach you how to start a business– there are also plenty of people who have already done it and could give you assistance. The most important thing is that you know where your idea starts and ends. I hope this video
|helps answer some of your questions about starting a business.