Asking how to begin a business with no capital would have been unthinkable a few years ago. But now, technology has broken startup costs and barriers. For several business types, it is now possible to get things started with very little cash.
Access to money can still be a problem. The banks are reluctant to lend to startups, a harsh economic climate makes it difficult to borrow from friends and family, and funding it on your credit card comes with significant risks.
The good news is that starting a business with almost no money is entirely possible as far as you follow a few basic rules. Here’s how to go about it:
1. Use the resources at your fingertips
Work from home or a local café or library which offers free wifi. Have a car? You could offer a local delivery service. Have a kitchen? You could start making cakes or providing catering for parties.