TED: Ideas worth spreading. Brian Armstrong. 46 Ways To Start A Business With No Money. Most people who want to start their own business don’t have a ton of money laying around and it’s probably one the most common questions I get emailed about: How can I get started without a lot of cash?
Well I’ve put together a list below of the best ideas I’ve heard and personally used. I hope you find it useful! The three basic strategies to starting a business without much money are: Delay the normal “business starting” activities like incorporating, hiring, renting office or retail space, etc until AFTER your business has started earning money. This is known as bootstrapping.Doing everything yourself and spending your personal time instead of hiring an expert. Start With The Easy Stuff: Eliminate Expenses Don’t rent an office! Legal Stuff and Incorporating Make a website for your business Getting a Logo Don’t hire a fancy graphic designer.
Accepting Credit Cards Starting a service business where you consult, coach, teach, etc Creating Info Products Before investing in a retail location… Jason Nazar's Blog. Venture Hacks - Good advice for startups. How to pick a co-founder. Naval · November 12th, 2009 Update: Also see our 40-minute interview on this topic.
Picking a co-founder is your most important decision. It’s more important than your product, market, and investors. The ideal founding team is two individuals, with a history of working together, of similar age and financial standing, with mutual respect. One is good at building products and the other is good at selling them. The power of two Two is the right number — avoid the three-body problem. One founder companies can work, against the odds (hello, Mark Zuckerberg). Two founders works because unanimity is possible, there are no founder politics, interests can easily align, and founder stakes are high post-financing. Someone you have history with You wouldn’t marry someone you’d just met. One builds, one sells The best builders can prototype and perhaps even build the entire product, end-to-end.
The seller doesn’t have to be a “salesman” or “business guy”. Aligned motives required Don’t settle FAQs.