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I wanna to know is there a way for me start my business with no money?
Someday when I get out of highschool I would to start my own business but I don’t know if I able to have a enough money
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7 answers
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Rebecca’s Answer
Thank you for your question. I am glad that you would like to be entrepreneur.
Firstly, have you really thought about what business you have interest on. You may need to find out what business you would like to do before we can consider the financial aspect.
For example, if you are interested on making pastry like cakes, cookies, etc. You can open a online shop on Facebook and IG. When people placing orders, you can request the client to make deposit. You can then use it to buy the ingredients and produce your products.
If you run the business that needs more funding as the startup, you can consider to save monies by doing part time job, raise the fund from your parents, crowdfunding, etc. If it goes to large scale, you can also consider to looking for venture fund subsidy. But, you may need to prepare an comprehensive proposal and presentation.
Hope this helps! Good Luck!
Firstly, have you really thought about what business you have interest on. You may need to find out what business you would like to do before we can consider the financial aspect.
For example, if you are interested on making pastry like cakes, cookies, etc. You can open a online shop on Facebook and IG. When people placing orders, you can request the client to make deposit. You can then use it to buy the ingredients and produce your products.
If you run the business that needs more funding as the startup, you can consider to save monies by doing part time job, raise the fund from your parents, crowdfunding, etc. If it goes to large scale, you can also consider to looking for venture fund subsidy. But, you may need to prepare an comprehensive proposal and presentation.
Hope this helps! Good Luck!
Updated
Sikawayi’s Answer
Hello Ja'Nae T. this is a great question. It just so happens that there are ways to start a business with very limited resources. Start by going to the government website and look up qualification loans for new businesses, see if you can qualify for one of those. There is aid for new businesses for non-profits you can also see what their qualifications are and see if you meet them. Best of luck
Updated
Rachel’s Answer
Hello Ja'Nae T,
I hope this message finds you well. It really depends on what kind of business you would like to start with. You may look for a government funding for young entrepreneur or you may start your business through social media like Instagram or YouTube. Either way, you should have a solid plan. Hope this helps!
I hope this message finds you well. It really depends on what kind of business you would like to start with. You may look for a government funding for young entrepreneur or you may start your business through social media like Instagram or YouTube. Either way, you should have a solid plan. Hope this helps!
Updated
Debbie-Ann’s Answer
Yes, you can start a business with little money - but it depends on what type of business. Most businesses require some money to get started. I would definitely get a summer job and save the money toward the business. Try to get a paid position in the business that you want to start.
I have started businesses with little money, but it took a lot of time - it really depends on what type of business it is. If you can explain what the business is in more detail that would be great. If it's a mostly online business, you can start with little money.
I would also sign up for a free mentor program like SCORE and join the local chamber of commerce and volunteer your time and connect with other small business owners. Being a business owner is a lot of work and it is a long journey, but it has its rewards.
While you are still young, be a sponge and learn as much as you can and try to pick up income doing other jobs to help support your business. Watch business pitch shows like Shark Tank on ABC or YouTube to learn about what it takes to grow a business. Be sure to read books and become a student of your business - you should know everything you can about the business.
Once you have your business, you have to give it your everything. Also be sure to be open minded and ask for feedback and get social proof from your first customers (take photos, get reviews about your business). Be willing to try new things and don't give up!
Best of luck to you :)
I have started businesses with little money, but it took a lot of time - it really depends on what type of business it is. If you can explain what the business is in more detail that would be great. If it's a mostly online business, you can start with little money.
I would also sign up for a free mentor program like SCORE and join the local chamber of commerce and volunteer your time and connect with other small business owners. Being a business owner is a lot of work and it is a long journey, but it has its rewards.
While you are still young, be a sponge and learn as much as you can and try to pick up income doing other jobs to help support your business. Watch business pitch shows like Shark Tank on ABC or YouTube to learn about what it takes to grow a business. Be sure to read books and become a student of your business - you should know everything you can about the business.
Once you have your business, you have to give it your everything. Also be sure to be open minded and ask for feedback and get social proof from your first customers (take photos, get reviews about your business). Be willing to try new things and don't give up!
Best of luck to you :)
Anthony Kofi Hene-Amoah
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Anthony’s Answer
Hi, Please note the following concerning starting your business without money:-
1. Consideration of the type of business.
2. Consideration of the goal and objectives.
3. Financial assistance through local financial institutions (banks, credit unions, etc.).
4. It would help a lot if you are able to save some money, even a small amount, in a financial institution. This easily paves way for financial assistance for your ambition.
Best wishes regarding your vision.
1. Consideration of the type of business.
2. Consideration of the goal and objectives.
3. Financial assistance through local financial institutions (banks, credit unions, etc.).
4. It would help a lot if you are able to save some money, even a small amount, in a financial institution. This easily paves way for financial assistance for your ambition.
Best wishes regarding your vision.
Updated
Ashley’s Answer
I think that any business you start requires some sort of financial investment. It may not require a lot of money depending on what business you start. If you don't already have a job, figure out some things you can do to earn money. Have your parents set up a bank account for you if you don't already have one. You can babysit, find something to sell etc. to start building a fund.
Updated
Steve’s Answer
Yes! People do this all the time. There's a great website called www.kickstarter.com where entrepreneurs come up with ideas and promote their ideas through a crowd funding type of website like kickstarter.
There's also blogs -- www.wordpress.com allows for creating a blog and then you could promote that blog through social media.
There's also blogs -- www.wordpress.com allows for creating a blog and then you could promote that blog through social media.