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How to Start a Successful Small Business Even If You Don't Have Much Cash


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Learn more about how you can start your own small business even if you don't have a lot of spare cash.
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How to Start a Successful Small Business Even If You Don't Have Much Cash

  2. 2. INTRODUCTION  There are a number of ways to start a small business even if you don’t have a lot of spare cash.  If you’ve been dreaming about owning your own business but don’t think you can afford it, think again!  With a bit of clever resourcefulness, you can start and grow your business for less than $30USD. 2
  3. 3. THE BASICS  You can start by using what you have  You can then continue fund your business the boot-strapping way  There are also many ways of raising capital using a variety of techniques. Getting the money you need might be easier than you think, and does not have to involve begging the banks for help 3
  4. 4. TAKING ACTION  The important thing is to take practical action steps to start your business and get the money you need to grow it  You will need:  A website (free, or hosted with a hosting service)  A computer  Some basic software  You probably have all of this already. So now you can start making the most of it 4
  5. 5. TAKING ACTION 2  The important thing is also know what common mistakes to avoid that might stand in the way of your dreams of owning your own successful business  It’s never been easier to start your own business online  But first, you need to choose the right niche or industry that you will love working in for many hours as you start and grow your business 5
  6. 6. BUSINESS MODELS  There are a number of business models to choose from:  Sole proprietorship  LLC  C-Corp  S-Corp  Knowing the difference can mean a lot of time and effort and money saved 6
  7. 7. CREATIVE FUNDING OPTIONS  All you needs is $30USD to start a site and even get email marketing for the first month you are in business  But if you need more money than that and don’t want to bootstrap, there are a number of ways to fund your business, and not all of them involve bank loans or pitching to venture capitalists  You can use one or more of the options we discuss to push your business forward 7
  8. 8. COMMON ERRORSTO AVOID  In the eagerness to start your own business, it’s easy to make mistakes  There are many things small business owners wish they had known, or done, when they were first starting out  The most important considerations are legal and financial  Separating yourself as a person from your business is the best way to protect yourself 8
  9. 9. AFFILIATE MARKETING  Still sitting on the fence about starting your own business?  Or still don’t think you have the money?  Or maybe you have doubts about your market, or your ability to run your own business well  In that case, why not start out with affiliate marketing and earn commission selling high-demand products for others?  It’s fun and fascinating and can teach you a lot about the niche you wish to work in 9
  10. 10. SPECIAL CONSIDERATIONS  There are some special considerations that might make you eligible for funding  Women  Minorities  Rural Businesses  Those who want government contracting work  Can all get special considerations if they file properly for them 10
  11. 11. CONCLUSION  Owning your own small business can be a dream come true, or your worst nightmare if you don’t set it up properly from the start  Learning all you can before you make the leap means you can give yourself the best chance of success, without huge amounts of stress  Even if you don’t have much cash, you can start your own business  Choose your niche and learn all you can and you will be amazed at how fast you can grow 11
  12. 12. FOR MORE INFORMATION,VISIT:  small-business/ 12