HOW TO START A BUSINESS

To start a business with no money, consider the following steps: 

1. Find a No-Capital Business Idea: opportunities for home-based or online businesses to eliminate rent, office costs, and other significant expenses. Choose service or knowledge-based businesses that don't require inventory or raw materials.

2. Set Realistic Expectations: Recognise that entrepreneurship requires effort and dedication, and success may take time.

3. Secure Funding: Apply for small business loans (this is linking to new content), ensuring you have a detailed business plan and understanding of repayment terms.

4. Start Your Business Today: Take advantage of the internet and technology such as cloud accounting software to test and launch your business ideas

Starting a business as a beginner can be exciting yet challenging, read our step-by-step guide on how to start a business to help you navigate the process.

Starting a business involves managing various expenses crucial for success. Essential starting costs can be categorised into operating expenses (day-to-day necessities) and capital expenses (long-term assets). Key expenses include: applying for business permits, licenses, business insurance, equipment, accounting and legal fees and branding and marketing

Starting your own business requires careful planning and consideration of various factors. We have prepared a comprehensive guide on what you need to start your own business. 

Starting a new business can be challenging, you can check our comprehensive guide on how to start a business, which includes a detailed step-by-step process and an in-depth look at each step within this process. Explore our tools and templates to help you plan, start, and run your business. Additionally, you can visit our training and courses for small business owners.