Sage-Tips

Is it smart to start a business with no money?

(Yes!) Starting a business with no money might initially seem like a far-fetched idea, but it’s not impossible. You’ll likely need partners, investors and a solid plan for how you’re going to use your new business funds to grow. But, when you’re just starting out, you start out small.

What business can I do with no money?

These businesses you can also start with no money.

• Personal trainer.
• Freelance writing.
• Tutoring.
• Art lessons.
• Bartending service.
• Music lessons.
• Consulting.
• Selling crafts.

What businesses can you start with no money?

Lack of capital is a common excuse for failing to start a business. If you have the drive to start a business, coupled with a great idea and an unbelievable drive to succeed, you can start a business with no money.

How to get funding for a startup?

Crowdfunding for Startups. One way to get startup funding is through crowdfunding. Crowdfunding is one of the fastest and safest ways to get funds.

Angel Investors. Angel investors are private investors who invest during the seed funding stage.

VC Firms. A Venture Capital Firm is a limited partnership or limited liability company that invests in startup businesses with potential for a high return on investment for their

Startup Incubators. Startup incubators don’t usually want equity unless they are also providing some kind of funding for startups.

Startup Accelerators. Consider an accelerator as the second level of your startup founder training. Do I even need an accelerator?

Pitching Competitions. One way to get funding for your startup is through pitching competitions. Pitching competitions are perfect for those who are looking to get feedback about their startups.

Bank Loan. You can also go for bank loans for your startup. Banks usually charge somewhere between 12\% to 15\% markup on your money.

Family and Friends. Most businesses prefer to take funding from family and friends just as we highlighted in our example at the beginning.

Govt Grants/Programs. There are many government grants in the US for startups. But grants aren’t free.

Bootstrapping. This is one option that we personally love. Bootstrapping is perfect for anyone who is willing to start his or her own business.

What are some good business ideas?

Start a Blog. This is one of the best low-cost business ideas you can start today.

Graphic Design. This business idea is great for creative types.

Web Development. Most people in this business start by learning how to code.

Web Design.

Online Courses.

eBooks.

Instagram Marketing.

Online Coaching.

Podcasting.

Amazon Reselling.