Business Blog

How To Launch A Start-Up Without Money?


How To Launch A Start-Up Without Money?

First, find a good business idea that require little or no money to launch and that will also provide a positive cash flow from the very beginning.

Second, try to get the company stakeholders – customers, suppliers and employees – to fund your venture. Customers might agree to prepay, suppliers might agree longer credit times, and employees might agree to work for free in exchange for stock options?

Third, develop strategic partnerships where you get access to important resources for free. These can include marketing support from media in exchange for content, large numbers of clients at companies in exchange for substantive price cuts, blog visibility in return for sample products etc.

Maybe this is not so groundbreaking but it is a sure way to get a company off the ground without cash or with little cash. Most businesses are actually built this way and in time some of them become really successful and it is most often achieved by addressing a local market and improving something there, adding a product or service not yet present and – most important – working all those long hours that are required to enter and succeed on that market.

Here is a short list of some business ideas for a person with limited capital:

  • Do what others do, just do it better
  • Copy business concepts from other markets
  • Import and sell new products
  • Improve sourcing to get better prices
  • Use exiting tools to reach a much larger market
  • Reorganise local markets
  • Use new technology to improve existing businesses
  • Improve service levels in existing businesses
  • Extend business hours
  • Build a superior and customer focused sales process
  • Apply existing technology in new ways

My all-time favourite example is Michael Dell’s manufacture on order system that made Dell Computers a world success. 
 

Anders Östlund
Founder of Fryday, An International Network Of Professionals

Sign-up with Fryday today not to miss any opportunities!

Did you enjoy this article? There are plenty of more useful articles on how to succeed in business at Fryday’s Business Blog. Fryday’s main goal is to provide its members with professional networking and ideas and knowledge related to business.

You are also more than welcome to post your articles at Fryday’s Business Blog.

For blogging, partnerships or other questions you can contact us at info@fryday.net.

Read Fryday’s expert-advice and inspirational articles:

What Is Professional Networking And Why Is It Important?

How To Find A Good Business Idea

How To Write A Business Plan For A Start-Up

Fryday’s List Of Business Ideas

Learn Event Management – A Guide To A Successful Event

Fryday is organizing several types of networking events and provide social and professional networking in cities across the world.

Fryday is constantly looking for Representatives in cities and countries across the world. Learn more about working with Fryday and how you can become a professional networking- and event management-superstar here. You can also contact us at info@fryday.net for more information. 


Become an Author

You want to start a blog huh? Great idea! Fryday provide great platform for writers

Write story