Starting a Business With Little or No Money

entrpreneur start business no money
4 min read

Starting a business is not easy, honestly. There are many barriers and excuses that attest to that fact. Right now, I will show you how you can start a successful business with little or no money!

The dream of every entrepreneur is to have a business whose products or services are globally sought for. But the journey from stage zero to that point is a long ride. What can you do?

“Fake it till you make it” has always been a concept that irritates me- so I won't ask you to be fake. In fact, I will guide you on real, actionable steps that would help you get your business started, even if you have $0.

According to Chris Guillebeau, author of The $100 Startup,

“To succeed in a business project, especially one you’re excited about, it helps to think carefully about all the skills you have that could be helpful to others and particularly about the combination of those skills.”

What This Post is Really About

The truth is that you will always need money to run a business. This article would show you how to get money to kickstart your business.

How can you get the money? By giving your time. I will show you- just read this article patiently!

Sell Your Free Time for Money

Learning a skill you can offer as a service in exchange for money will forever be an attractive idea to me.

I think I usually overemphasize this truth – but pardon me! I even made a video about making money with online skills (watch it on Youtube).

Learning a skill will never be a wasted effort, as the need for services always exponentially increase.

One way to start a business with little to no startup capital is to sell your services, instead of a physical product. There’s a huge variety of services you can offer, depending on your background and interests.

Some will require advanced degrees, such as accounting, while others require little more than a working knowledge of how it’s done.

Some skills you can learn and then monetize include;

  • Graphics Design
  • Web Development
  • Mobile Phone Repair
  • Driving (taxi)
  • Hairdressing and grooming
  • Real Estate Investment
  • Foreign Currency Exchange Trading (FOREX)
  • Creative writing
  • Maintenance and repairs (AC, Washing machines, cars etc)
  • Carpentry
  • Interior Decoration
  • Private Tutorials
  • Fashion Designing
  • language Translation

The list is truly very long. But the idea I am trying to pass across is that, if you have extra time, you can it to make money.

In turn, that money will come in handy if you want to start a business!

If you prefer an explanation, Here is How to Make Money Online in 2021!

Apart from generating money to fund your business ideas, another thing I must point out is that you must have Passion.

start business no money

Passion Will Drive You Very Far

When you want to succeed as bad as you want to breathe, then you will be successful. – Eric Thomas

Lots of people started just where you are, but the true successes are the ones who had the courage to push past the barriers without worrying about the financial constraint.

The Most Important Point: Start Now

It’s easy to come up with a list of justifiable obstacles standing in the way of you and launching your business.

It’s often harder to come up with a list of opportunities that are right in front of you. If the thought of starting a business with no money scares you, you probably should worry about facing your fears first.

What can you start with? Could you do with creating a Facebook page to promote your business locally, instead? Or, would it make more sense for you to post your products for sale on Instagram and your WhatsApp status for now? Would it make more sense for you to design your own marketing materials on Canva? Could you barter and trade your skills/products/resources with someone else in lieu of payment? Don't worry about your excuses. Just take the first step today.

For helpful resources on how you can start your business, Read our articles on How to Start A Business.

If you have questions, please share them with me in the comments section. I will reply to you in few minutes!

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