Question

Small Business Start Up

How challenging would it be to start a business with out money, capital, or credit?

Discussion is locked

Follow
Reply to: Small Business Start Up
PLEASE NOTE: Do not post advertisements, offensive materials, profanity, or personal attacks. Please remember to be considerate of other members. If you are new to the CNET Forums, please read our CNET Forums FAQ. All submitted content is subject to our Terms of Use.
Reporting: Small Business Start Up
This post has been flagged and will be reviewed by our staff. Thank you for helping us maintain CNET's great community.
Sorry, there was a problem flagging this post. Please try again now or at a later time.
If you believe this post is offensive or violates the CNET Forums' Usage policies, you can report it below (this will not automatically remove the post). Once reported, our moderators will be notified and the post will be reviewed.
Comments
- Collapse -
Answer
Re: start business

That is what analyze in your business plan. If you need something to do the work, you'll have to buy or rent it, and it depends on the business how much that is (could be none).

- Collapse -
About KetabBesaz.com

Visit
ketabbesaz com

Moderator Edited: Disabled link.

Post was last edited on October 24, 2018 11:58 AM PDT

- Collapse -
Grade: D very bad
- Collapse -
Answer
Idea Matters Alot!

Above all, I believe your idea matters a lot because no matter what type of startup you want to set up make sure your solutions and products are highly users targeted. If that industry has small competition you can easily launch and establish your name. Like I know for a fact right now a lot of new companies are going for the idea of Uber for X . because come to think of it it’s a great idea a lot of potential for growth and Uber isn’t covering many places.

It is absolutely imperative to understand that your goal is not just to set up a business your goal is to provide a solution to a problem. Consumer demands have shifted drastically over the years now, and people aren’t interested in brands that don’t solve their problems.

Link to site that sells taxi software removed by moderator.

Post was last edited on October 25, 2018 12:25 AM PDT

- Collapse -
Answer
Small business ideas
- Collapse -
Answer
This is how I'd start...

I say, take on the challenge.

No money, capital, or credit?
Cool.

You could start a business where the work you do is strictly digital (e.g., design, coding, virtual assistant, running FB ads, etc).

Don't have internet?
No problem, use the local libraries.
In fact, use the library as your office.

Need to make a client call?
Sign out one of their study/conference rooms.

If you need a little money, flip stuff you find at garage sales and sell them on EBay.
Pick up stuff from Craigslist, in the free section, and sell it on EBay.

I once purchased a 12-pack of emoji balls for $12 on Amazon.
And then sold them individually on Craigslist for $10 each.
Apparently, it was really popular with grandmothers and their grandkids parties.

If that's the challenge you're starting off with - that's how I would approach it.

- Collapse -
Answer
Challenges you'll face to start the business without money.

Hii, get ready to read some harsh truth.

Here is the thing, their is not business which can start without money, you can start with almost no money, but for marketing, branding you will need money.

The very first thing about business is you will need money, good thing is it's not compulsory that money should be yours.

When you have the money your first step will be now how to get project and start to develop it. Your main focus goes to marketing and developing.

And when you don't have the money you focus is divided into getting Funds, Marketing, getting project, develop project, share profits with investors and and also get some money for yourself.

Their are also other challenges which you will face, lets look that things also,

1. Cash flow management

Cash flow is essential to small business survival, yet many entrepreneurs struggle to pay the bills (let alone themselves) while they’re waiting for checks to arrive. Part of the problem stems from delayed invoicing, which is common in the entrepreneurial world. You perform a job, send an invoice, then get paid (hopefully) 30 days later. In the meantime, you have to pay everything from your employees or contractors to your mortgage to your grocery bill. Waiting to get paid can make it difficult to get by — and when a customer doesn’t pay, you can risk everything.

2. Hiring employees

The challenge: Do you know who dreads job interviews the most? It’s not prospective candidates — it’s entrepreneurs. The hiring process can take several days of your time: reviewing resumes, sitting through interviews, sifting through so many unqualified candidates to find the diamonds in the rough. Then, you only hope you can offer an attractive package to get the best people on board and retain them.

3. Time management

The challenge: Time management might be the biggest problem faced by entrepreneurs, who wear many (and all) hats. If you only had more time, you could accomplish so much more!

4. Delegating tasks

The challenge: You know you need to delegate or outsource tasks, but it seems every time you do something gets messed up and you have to redo it anyway.

5. Choosing what to sell

The challenge: You know you could make a mint if you just knew what products and services to sell. You’re just unsure how to pick a niche.

6. Marketing strategy

The challenge: You don’t know the best way to market your products and services: print, online, mobile, advertising, etc. You want to maximize your return on investment with efficient, targeted marketing that gets results.

7. Capital

The challenge: You want to start or grow your business, but you have little capital to do it with.

8. Strapped budget

The challenge: Even though cash flow is fine, it seems you never have enough in your budget to market your company to its full potential.

9. Business growth

The challenge: We’re assuming you are growing, not that you can’t grow, and you’ve come to the point at which you can’t take on any more work in your current structure.

10. Self-doubt

The challenge: An entrepreneur’s life is not enviable, at least in the beginning. It’s extremely easy to get discouraged when something goes wrong or when you’re not growing as fast as you’d like. Self-doubt creeps in, and you feel like giving up.

CNET Forums

Forum Info