Is starting a business with no money possible?

In general, no.
The good news is that starting a business with very little money is possible, depending on what you have in mind.
Or, you might start a company with no money of your own, but someone lends you start-up capital.
The simple reason being that to incorporate a company, you have to register a legal entity and pay some fees. Depending on where you are in the world, a registered agent might suffice. In that case, a few hundreds of dollars will get you started. In many countries, you will need a notary to incorporate a company and prepare the deed. In that case, you will probably need a few thousands of dollars.
The above (administrative) costs are separate from your core start-up costs to be able to work. If you start a gardening service and already have a lawnmower and tools, you are probably ready for your first job. If not, you will need money to take you through your first investment in equipment.

Consider following/subscribing to this blog. It's free and it motivates me to sharpen my pencil. Thanks!


Top 10 about the author; Erik Victor 

1. is a serial entrepreneur and started his career in Engineering
2. currently a majority shareholder in corporations in the fields of Industrial Real Estate, Wealth Management & Investment funds, and International Tax Planning
3. has a passion for the dynamics of young businesses and actively endorses several start-ups
4. is an engaged member of several think-tanks and an international conference speaker
5. has a business footprint in six countries
6. speaks five languages
7. personal life - resides in Europe
8. Erik (48) is known as a discrete and private person, a family man
9. loves to spend his limited holidays in the mountains or at sea on his yacht
10. Erik has no social media accounts



Comments

  1. Please I want to start a business but I don't have the money to start it so please I need your help to start it.

    ReplyDelete

Post a Comment