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No Money, No Problem

How To Start A Small Business With No Money

Tips on how to get money for your business

Self-funding

You can decide what date you want to start your business and start saving towards it. It would be advisable to pick a date, about 6 months away so you are able to save enough

Sell stuff

Yes, sell those things you have laying around in the house. Determine how much you will need to start your business and have a HUGE garage sale

Friends and Family

A good way to source for funds is asking friends and Family. They are the ones that know you best, your drive and your aspirations. They are your initial champions so make sure you practice your sales pitch with them and ask for feedback. Once all is set and you are ready to launch your business, you can approach them to help with a small loan to kick start the business. it would be advisable to get the terms of the loan in writing to make sure there is no ambiguity. if they opt to be investors, make sure the terms of the investment are well laid out

Crowd Funding

Crowd funding is a great way to raise money in order to launch new products, fund special projects, fund growth strategies and create awareness about your business. These are a list of good crowd funding sites:

  • Kickstarter
  • GoFundMe
  • Indiegogo
  • Patreon