How to start a business with no money?

One good way to get out of poverty is to start a business that makes you money. But many people find themselves in a catch 22 position: starting a business costs money, but if you don't have any, how can you get your busines started? So, how to start a business with no money?

First of all you have to remain realistic, if you want to start something like a car sales business, a restaurant in center of town you do need a lot of money up front. Maybe you should reconsider your plans and start with a business that doesn't require a lot of starting capital. If you're handy with cars, instead of selling cars you could start by fixing cars, possibly even start by fixing cars for friends. If you wanna start a restaurant, you can first try catering, so you don't need to a location for which you need rent.

Can I start a business with no money?

In some countries you don't need to actually register before you get started. If you have products or services for sale you can simply start selling them. In other countries you're legally required to get your paperwork ready: company register, taxes, possibly a bank account. Check out what applies to your legislation. If you can somehow avoid a business bank account, you should. Banks somehow charge a lot more money to businesses and if you only expect to make a few sales you can probably do just fine with your normal private bank account.

So while checking these things you should already start with making a list of expected costs:

  • Business registration
  • Bank account

If your business is something online in IT, or something you can do at home you should do it at home (or in cafés or other public spaces with wifi). Before you run to the Mac store to buy a brand new MacBook Pro you should first check if your current laptop is just fine (usually it is).

Small business loans

Getting funding is as easy as 1-2-3!
Kabbage Working Capital

Start a business with Bad credit

Business ideas with no money

All of these things can be started with virtually no startup costs:

Cleaning
Computer consulting
Hosting travelers for a fee, for example through AirBnB
Jewelry creation and repair
Plumbing - everyone needs plumbing at times. If you're handy with pipes and you enjoy this work you should go for it.
Writing, proofreading - possibly on a blog

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Further reading

I need 1000 dollars now for free

I need 1000 dollars now for free

People need 1000 dollars now for free? How to Make 1000 Dollars Fast? It depends on how resourceful, smart and hard working you are! You may need it for an emergency situation, to start a new business or just because you want 1000 dollars now for free. it all depends on the effort you are willing to put, the resources you already have and time you are willing to spend to acquire these 1000 dollars now for free, but the truth is it is definitely possible to get 1000 dollars now for free. There are people making $1000 EVERYDAY out there, so why not you?

The thousands of dollars to be made everyday for free are all surrounding you and are free for you to make, from sources such as finding collectibles, buying stuff from yard sales at wealthy neighborhoods, low cost loans, loans from friends and so on.

Money economy

The money economy is a form of economy in which transactions are done with money. Alternatives are possible, e.g. bartering, but money is the dominant factor for transactions between people. The money economy is a product of human society.

Money is impersonal and reduces qualitative values to a quantity (source)

401k Loans

If you have an existing 401k plan right now, then let me tell you that your financial life is already many paces ahead of the average person. A 401k is a good decision for a multitude of reasons. First, it’s an easy way to save. Second, you have the option to technically borrow from yourself by way of a 401k loan.