When I say I am running my own business, people usually asked "How much did you put in?". I will reply $x amount, they will follow up with sharing their business idea and telling me it is impossible for them because they need a lot of money.
I am here to say it is not true that you need money to make money, many time it depends on the nature of your business. My business nature now require higher capital investment, however I have started business with less than $200. The most important thing is to dissect the business you want to do and find out what you need to make it happen.
I will give you 2 example (Service business and a Product business):
1) Car Wash (Service Business)
- You don't need to rent a space for this, you can just do it in car park = $0
- You don't need an office, you can just use your home = $0
- You need some business cards (Design the card yourself) = $30
- You need some cleaning equipment = $120
Total start up cost = $150
2) Opening a box shop (Product Business)
- You need to rent a space = $120 - $200
- You don't need a website just use Facebook page = $0
- You don't need an office, you can just use your home = $0
- You need some business cards (Design the card yourself) = $30
- You need some stocks = $300
Total start up cost approx = $500
Many people when they think of starting a business they relate it with a extravagant amount of money because they think they need fancy offices, great website and hire great people. The truth is most of the great businesses you see started in their garage with little or close to zero starting capital.
Don't let money be the thing that is limiting you to greater success, as you can see it doesn't take much to start and even if you fail, you lose little but gain a tremendous amount of great experiences.
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