How to open your business without seed capital - practical recommendations for a successful start
The words "business" and "entrepreneurship" have always been associated with money. Including with the money that you need to invest in order to start a business.
You should start with a simple question: "What kind of product or service do you want to sell, and who needs it?" In the literal sense - who in a particular city (possibly a particular area) needs a putative product and in what quantity? Suppose you have not yet decided how to open your business without seed capital, and believe that your potential buyers are the population of a particular village at the age of 18 to 60 years. This is a common misconception, since the target audience needs to be defined more specifically. That is, you need to clearly determine whether you are going to sell goods or services to students, housewives or, for example, pensioners.
As a rule, further events develop as followsway. There is a small chance that your intended product is not being sold by anyone, most likely because there is no demand for it, and not because you just invented it. The more likely option - a product or service is already being sold, and you can quite analyze where, by whom and at what price a similar product is sold. That is, before you open your business without initial capital, you can understand how expedient it is to deal with the chosen direction in this competitive environment.
Suppose that such a risk is still justified. But how to open a business without initial capital?
- Funds withdrawn from the deposit or received from the sale of something.
- Bank lending. In any financial institution you can be given a loan for the development of entrepreneurial activities, but only if you prove with concrete numbers that the case is worthwhile.
- Co-investors. If the scale of the proposed business does not allow you to start it alone, you can attract additional investors. Accordingly, in case of successful implementation of the project, the profit will also have to be divided in the established proportional proportions.
As we see, to open a business without an initial capital -The task is complex, but it is completely solvable. And the main incentive for achieving the goal will be the acquisition of financial independence. After all, you agree that starting your business from scratch, even in the first months it will eat up all your free time and money, it is much better than expecting the next wage with all your life thinking about how to spend it most effectively.