You might be limited to a strict budget when you want to start a business, but that doesnt mean you dont have any options. It is possible to start a business with very little money, if you have the right combination of skills, work ethicand marketing know-how.

According to Chris Guillebeau, author of The $100 Startup, To succeed in a business project, especially one youre excited about, it helps to think carefully about all the skills you have that could be helpful to others and particularly about the combination of those skills.

Related:8 Musts to Start Your Business With Little to No Capital

Follow these simple guidelines to start a business when you have little to no money.

Yes, making something does take an initial cost in supplies, but oftentimes, these products can be sold for many times over their actual cost. What you decide to make is up to you, but there are several places you can sell your handmade options online:

Many business owners sell their products on multiple platforms to get the most exposure possible. It is important, however, to make sure your inventory stays updated on all sites you have a storefront on. If you want to learn about more resources for selling homemade items, check out this Lifehacker post.

If you dont want to make anything (or you dont consider yourself a creative person), many business owners have grown large businesses just be reselling products that have already been made. This can be done through a variety of ways or channels:

One way to start a business with little to no startup capital is to sell your services, instead of a physical product. Theres a huge variety of services you can offer, depending on your background and interests.

Related:Starting a Business? When to Scrimp vs. Splurge.

Some will requireadvanced degrees, such as accounting, while others require little more than a working knowledge of how its done (such asbabysitting, lawn mowingor personal assistance).

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No Money to Start a Business? No Problem. Try These 5 Options.

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October 21, 2014 at 3:19 pm by Mr HomeBuilder
Category: Lawn Mowing Services