A common myth is that business to create or start one; you need to have a good capital or budget.
Many people say that “if they had money” would create their own business. Other planned a few years to save some money they receive for their jobs, for only then start building your business.
But the fact is that in order to start a business, rather than having a large capital or investment, you need creativity.
Let’s look at some ideas or advice on how we can start a business with little capital or budget:
Start a home business
Before you start by renting an office for our business, enabling why not an office in our home starts.
Perhaps our home is not a commercial site or near our target, but if we make a good promotion and advertising, our customers seek and find us wherever we are.
Start an Internet Business
Rather than creating a business involving the lease or purchase premises or a shop, why not starts our business on the Internet.
We can create a website where we earn money from advertising, or create a website or online store where we promote and sell products, to be ordered, if not fabricate ourselves, we can buy them at the time, or have them stored in a small room in our home.
Agreements with suppliers
Another way to start a business is looking for a budget agreement or agreements with our suppliers, these agreements may involve trades or barters, for example, provide our services to their workers in return for which we provide input or merchandise, or find that give us some trade credit, allowing us to pay for inputs or goods at a specified time.
Another way to make agreements with suppliers is to find companies that we provide, or providing furnishings or equipment needed to start our business, in exchange for simply maintaining the advertising placed on such equipment or appliances, and sell only its brand. This occurs, for example, in some breweries that after previous evaluation, we can provide tables, chairs, refrigeration machines, cups, coasters, napkin rings, etc., In exchange for placing advertising on them, and sell only its brand.
Rent rather than buy
Not only can we rent the room or office necessary for our business instead of buying them, but today, we can also rent or lease almost anything.
Today there are several companies dedicated to renting equipment, machinery, equipment or other businesses.
If costs are too high to us, we decide to start renting, for example, rent tables or chairs in our restaurant, or hire the necessary computer to our office.
Rent a small stand
If the idea of our business is to have a room or a shop, but do not have enough initial capital, why not start by renting a small booth, whether in a mall in a gallery, in a market, etc…
Depending on your location, we can find stands of all prices.
We can even choose to partner with another business that sells products similar to ours, and rent together on the same stand.
Renting a business space within a
We can also begin to rent a small place within an established business, for example, rent a space inside a big tent in textiles, where we can offer and sell our own products.
To do this, you do not expect the business owner or store offers to rent a small stall or space in it, but we ourselves can make the bid, offering to pay rent and / or a fee for granting us a space not using or not being well spent in your local.
Sell to other businesses
Rather than having a business that requires a local or a store where we sell products to the public, we can choose to create a business that consists of wholesale selling, i.e. selling products we produce, we send to produce or market (buy and sell), other businesses or companies, that they then sell them to the final consumer (the public).
This business model prevents us from having to rent a room or tent, as the products will sell to other businesses which in turn are responsible to make these available to the public, may be our home base just in our home.
Leave provision to other businesses
If we find it difficult to sell our products to other businesses or stores to which they offered to the public, we can choose to let our products on consignment, that is, let our products, and charge as the go-between is selling.
And, once it increases the movement of our products, set aside the entry, and begin to sell for cash.
Commissioned salespersons
One way to start selling our products without spending a lot, is hiring and paying salespeople on commission, i.e., paying a percentage according to the amount of product that sells to the final consumer, or placed in other businesses or companies.
And later when sales increase and no longer as profitable as we pay commission, hire and pay a fixed salary.
Buy at low prices
We should not hurry and buy the first furniture, equipment or machinery that we find, we always take our time researching the market well and look good prices.
There will always be a place where we can find the appliance or equipment you need to start our business at a low cost compared to other places.
Find associated with an established business
Another way to start a business with low capital is partnering with the owner of an established business.
For example, if you have a friend or acquaintance you know that is not doing well in his business, which has many difficulties and will need more capital to invest, we can offer to come into your business, to be his partner, investing a certain amount and earn a percentage of profits according to the investment and to work or perform functions.
Find Funding
And finally, if the money that we saved as we are not sufficient, we always have the possibility of seeking funding.
We can borrow money from family, friends, banks, financial institutions engaged in small business. We seek a partner to invest and work with us or an investor or financier just contributes money. We can participate in contests on business projects, etc…
For this, the fundamental step is to develop a good business plan that allows us to demonstrate the attractiveness of our project and, in turn, show that we will be able to promptly pay the debt.
