How to start a business without initial capital - practical advice for a successful start

The Word “business” and “enterprise” has always been associated with money. Including with the money you need to invest in order to start a business. In the head, usually revolve astronomical sums, complex financial combinations, but in fact it is often easier to start a business in today's world, in the truest sense of the word, penniless. So, how to start a business without initial capital?

Start with a simple question: "What product or service you want to sell and who needs it?" Literally – to whom in a particular city (perhaps a particular area) need estimated product and in what quantity? Let's say you haven't decided how to start a business without initial capital, and assume that your potential customers – the population of a particular locality in age from 18 to 60 years. It is a common misconception, for the target audience to determine needs more specifically. It is necessary to clearly define, you are going to sell goods or services to students, Housewives or, for example, pensioners.

As a rule, the further developments are as follows. There is a slight chance that your prospective product no one sells, and, most likely, because it is not in demand, and not because you just invented. The more likely option – a product or service already selling, and you may perform, where, by whom and at what price the same product is implemented. That is, before to open a business without initial capital, you can understand how advisable to engage a selected direction in this competitive environment.

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Assume that such a risk is still justified. But how to start a business without initial capital? Even in order to sell the intellectual Foundation necessary technical means, it is necessary to have some minimal entry fee, not to mention more large-scale events. Thus, we Balk at the necessity of search of sources of financing, which may be:

1. Funds withdrawn from Deposit or the proceeds from the sale of something.
2. Bank lending. Any financial institution can provide you with a loan for the development of entrepreneurial activities, but only if you have specific numbers prove that it's worthwhile.
3. Co-Investors. If the scale of the proposed business does not allow him to start alone, you can attract additional investors. Accordingly, in the case of successful implementation of the project profits will also have to share in the installed equity proportions.

As you can see, to open a business without initial capital – a difficult task, but doable. The main incentive for achieving the goal would be to gain financial independence. Because, you see, to start a business from scratch, even in the first months it will eat up all my free time and money, much better than a lifetime to expect a regular wage thinking about how best to spend it.