If you’re reading this, then chances are you don’t want to work for “the man” anymore, or you want out of the rat race. Getting out on your own and starting a business isn’t easy, especially if you don’t have money. It is difficult, but it is not impossible to start a business without money and here’s how you can do it.
Build a business model
The first thing you need to do, is to plan out your business and know your goals. If you want funding from an investor, then you need a clear list of goals to show them where you are and where you want the business to go. Is your business unique or is the market you want to enter flooded? Will your business work in the area you live? There is so much competition for loans and crowdfunding so make sure you’re getting into the right business.
Get a loan
Small business loans are available to those who want to start a business. People like Rex Burgdorfer (advisor and banker) can put you in touch with companies with the capital you need to get started. For more information search for, Rex Burgdorfer Twitter or Rex Burgdorfer crunchbase.
Drive for Uber or Lyft
If you have a vehicle, then make the most of it and start your own ridesharing business. Uber drivers can make over $3k from driving alone. There are little regulations and no start-up costs.
Take over an established business
There are many people out there who have set up their own businesses and no longer want them. If you don’t have any money, then you could offer to take over the business on contingency and pay them back a little at a time, until it pays the value of the business. It is not a common arrangement, but there may be someone out there willing to accept your offer.
Crowdfunding
In the internet’s age, crowdfunding has seen a rise in popularity. Crowdfunding is a great way to get your name out there and getting some financial backers.
Advertise yourself online
There are a plethora of websites were one can ask for a loan or investment in their business. These sites rarely offer large sums of money, but there are a great way to get a low-cost business off the ground.
Look for a business partner
You’ve got the goods, and they have the money! There are many investors out there who want passive incomes and would prefer to leave the day-to-day running of a business to someone else. With the right partner you can get your business off the ground.
There are lots of ways you can start a business without money, but it is important to note that there is a lot of competition when it comes to new businesses and the funds needed to start one up. Make sure you know your business and your customers before you consider the ways listed above to start your own business. Loans may seem scary but with Rex Burgdorfer you can achieve your dreams check out Rex Burgdorfer Crunchbase or Rex Burgdorfer twitter for a break down on how you too can become a small business owner