How can I start my business plan with no money?

in #start3 years ago

What is the answer to the question, "How can I start my business without any money?" You will get a variety of answers to that particular question depending on the person you ask, where you are planning to get your started and who you are asking. But, for our purposes here, we will assume that you are asking someone who has been in business for decades and is experienced enough to be able to help you. For other types of plans, they may want to invest or have someone help them set it up, so they too might not need money to get started.

Now, since we are assuming that you are asking a veteran, we need to go through some things that you might want to take into consideration. The first thing you should consider is the time you have to put into your plan, and the amount of time you have to get it done. Obviously, it takes more time to make a profit than it does to lose money, so it would be a good idea to leave some time in your plan in case the worst happens and you don't make it. And since this plan will likely involve you having to invest in something, you will want to set that amount in stone as far as what that investment is.

Once you have done this, you are ready to actually start investing some money. This may be in the form of a loan from either a local bank or your credit union. You will want to get a clear picture of everything before you proceed, so ask around at the bank to get a feel for how things work there. Make sure you get a few different offers before you make up your mind, but once you do, you are ready to get started on your business adventure.

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.030
BTC 58679.35
ETH 3155.04
USDT 1.00
SBD 2.44