by Louis Allport
http://www.SevenFigureBlueprints.com
©
2009
Thinking about starting a business but don't have the
money to do so? Your business can still thrive and grow. You can start a business
with little money now and choose to invest more later. Read this article to find
out how.
A business seems like it can be complex and expensive
to start and there are plenty of purchases that you could make: A brand new desk,
a shiny new computer, a multi-line telephone system for when you have employees,
a high-end website, and tons and tons of advertising. But the truth is, you don't
need to buy all of these things right now. While it is good to think about the
future, there is no reason to spend far more than you need to. Instead, buy smaller
and prepare to scale up as necessary.
One frequently quoted
objection to this idea is "if I buy it in larger quantities, I'll get a discount".
While that's true in theory, you will find that the practical result is quite
different: Businesses evolve a lot from their initial new-born to their adolescent
stage. Buying in bulk may offer a per-unit discount but it will be a waste if
you don't need that item after your business evolves.
And
there's one more factor at work, which I've seen first-hand: It's the old "necessity
is the mother of invention" concept. If you avoid spending and go without
on some of the less critical items, you just might find that you can innovate
creative solutions and workarounds and you may end up not needing whatever it
is you thought you had to buy in the first place!
Start
a business from scratch by spending less money on items you think you will need
and spending more time and focus on lower-cost offerings:
- Leverage
your knowledge by selling ebooks and other information products
- Leverage
your skills by selling coaching
- Create an audience and do some affiliate
marketing to offer other people's products for a cut of the revenue
All
three of these ideas can be good ways to make money without requiring a massive
up-front investment. And later, when you're making money, you can build on these
by offering additional products and services that do cost you money to provide.
In fact, after you earn some revenue it is a good idea to put some aside to invest
back into your business. But don't do it yet! Start a business from scratch and
build it slowly by bootstrapping.
NBA
Benefit Provider - Easi
Media
NBA
Resource Article - `Start'
Starting your Own Business
NBA
Resource Article - How
To Start A Small Business
Reprint
of this article does not constitute an endorsement by the National Business Association;
the article is for informational purposes for our members and viewers of our Web
site.
