Brian Winch | January 25, 2017
Starting a business requires money for various start up expenses. You’ll need to decide whether you’ll operate as a sole proprietorship, LLC or corporation. Other legal expenses are filings for business name, business license, business insurance and business bank account. Are you going to create your business and financial plans or pay a professional to do them? Same for your book keeping and accounting systems. Don’t forget your domain name, website and marketing start up costs. You can see, it does take some money to formally start any business.
There are certain types of businesses you can start with little money, other than the typical start up costs. Some businesses don’t require costly equipment, products or a store or office. There are service type businesses that can be performed with an investment of time instead of money. A commercial parking lot litter removal business is one example. All you require to perform the service are simple hand tools. Work full or part time based from home. I’ve been successfully operating this business since 1981 and I can personally show you how to do the same.
Jayson Demers writes more about the type of businesses that can be performed with an investment of time rather than money. Check it out.
After you get your business started and start earning revenue, your lack of startup capital will become less of a problem. You can reap the profits from your venture and reinvest them, or use them to start an even bigger business. Read more…