This Article is About
how to start a small business
management consulting firms
small business administration
business dreams
least three times
aspiring entrepreneurs
economic downturns
starting a small business
business venture
bad luck
tough times
recession
How To Start A Small Business With No Money - Is It Even Possible?
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The idea of starting a small business sounds like a dream come true to many but what if you have no money to invest to get things started. These budding entrepreneurs want to know how to start a small business with no money but is it even possible? Well, I have seen many entrepreneurs watch their business dreams get torn to shreds and ultimately, their businesses have failed within the first 2 years of trading. Here I'm going to shatter the illusion that it's impossible to start a business with no capital.

The Small Business Administration states that one third of all businesses fail in the first two years. More worryingly, more than half fail in the first five years. So, how to start a small business with no money? Is it even a legitimate prospect when other businesses fail when they have money to invest?

The main reason why people fail.

Let's look at why many aspiring entrepreneurs fail in business. Mainly because they have big plans but small budgets. Sometimes, no matter how hard you work at something, if your business model requires constant investment and you have limited capital then you are bound to fail. Many management consulting firms will advise you that you should have at least three times more money than you think you will need when starting out on a business venture. This is to cover for economic downturns or just bad luck. I don't believe this!

After running a recruitment business for years and losing it to the recession, I should know better than anyone how hard it is to keep a business afloat during tough times. Especially a business that needs constant investment. It was one of the hardest things I have ever had to do. Pulling the plug on my dream left me devastated. Not to mention, broke and in debt.

How to start a small business with no money?

For those who wonder how to start a small business with no money, I am pleased to say that it is very possible. After I lost my business, I spent months feeling down and depressed but I always knew that I would one day try again. You see, the main reason for me feeling so depressed was that I felt like I had lost my independence. There was no way I wanted to go back to working a 9-5 so I began research into how to start a small business with no money as I had nothing to invest at all.

You can read my story here. The point is that I was someone like you. Some may say that I was even worse off than most. In debt and depressed! but now I am very proud of the fact that I was able to bounce back. Know I know exactly how to start a small business with no money and love sharing what I know with others so they too can get started.

The great thing about starting a business with no money and building a sustainable business that has no overheads is that you never have anything to lose. with nothing invested but your own time, you never have to go through the hell I went through. So if you want to learn how to start a small business with no money then feel free to visit my website.


Street Talk

You are more than welcome Sherry. Enjoying reading yours too. I will do my best to offer engaging content for you and other Street Articles readers and authors.

Reply
  about 7 years ago

Definitely Can Relate! Thanks for sharing your story, Craig. Looking forward to exploring more of your articles. Sherry M

Reply
  about 7 years ago
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