This is a question that in most cases goes unanswered, because the fact is that starting a business will almost always demand a capital investment of some kind in order to get it up and running.
But the problem behind this proposition -starting a profitable business with no money- becomes greater one when we approach the idea of building a business through the traditional model, where we set up a location, infrastructure, equipment, employees and know how (assuming that we went for the franchise model) because this translates into a heavy investment to start plus a little more just to stay alive during the first year or so.
What ends up happening to most people is that they simply back down and stay away from the risks involved in building a business, simply hoping for a raise or a better job.
This is a good way of avoiding losses, but it is also the best way to miss on each and every possible opportunity you might have to make real money by having you own business, unless of course you approach the idea of starting a business from a different angle.
Indeed, I have been living off my own business for more than 2 years now, and I was the first to dodge every opportunity because I did not want to risk $10,000 on a business venture to then wonder whether it would work or not.
I had been there and I did not want to repeat the story.
So, how did I manage to get rid of those fears and start a profitable business from which I can actually make a living? Simple, I went for an option that offered a high profit and growth potential but without the risk factor.
This is the only way I found around the problem, because risking my hard earned money always remained out of the question.
Now, in order to achieve this perfect combination of risk versus reward, I simply decided to tackle decisively a totally different business model, which would not left me broke in case things did not go as planned.
I know first hand how many headaches and sweat it takes to make $4,000 from a traditional business, in which you probably have $30,000 or more at stake, plus monthly expenses that remain a constant thread to your profits because if for some reason your sales go down and your expenses are the same (which is usually the case) then you are in trouble.
Therefore, in order to avoid all this and start a profitable business with $100 or less, you have to move away from the traditional business model and put the odds in your favor by concentrating your efforts in non-traditional business options.
But the problem behind this proposition -starting a profitable business with no money- becomes greater one when we approach the idea of building a business through the traditional model, where we set up a location, infrastructure, equipment, employees and know how (assuming that we went for the franchise model) because this translates into a heavy investment to start plus a little more just to stay alive during the first year or so.
What ends up happening to most people is that they simply back down and stay away from the risks involved in building a business, simply hoping for a raise or a better job.
This is a good way of avoiding losses, but it is also the best way to miss on each and every possible opportunity you might have to make real money by having you own business, unless of course you approach the idea of starting a business from a different angle.
Indeed, I have been living off my own business for more than 2 years now, and I was the first to dodge every opportunity because I did not want to risk $10,000 on a business venture to then wonder whether it would work or not.
I had been there and I did not want to repeat the story.
So, how did I manage to get rid of those fears and start a profitable business from which I can actually make a living? Simple, I went for an option that offered a high profit and growth potential but without the risk factor.
This is the only way I found around the problem, because risking my hard earned money always remained out of the question.
Now, in order to achieve this perfect combination of risk versus reward, I simply decided to tackle decisively a totally different business model, which would not left me broke in case things did not go as planned.
I know first hand how many headaches and sweat it takes to make $4,000 from a traditional business, in which you probably have $30,000 or more at stake, plus monthly expenses that remain a constant thread to your profits because if for some reason your sales go down and your expenses are the same (which is usually the case) then you are in trouble.
Therefore, in order to avoid all this and start a profitable business with $100 or less, you have to move away from the traditional business model and put the odds in your favor by concentrating your efforts in non-traditional business options.
Source...