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How To Start A Business On A Budget

Jul 23, 2008
Often we are hear many lies about starting a business. For many the term 'you need money to make money' comes to mind. And though this maybe true in some respects, it is not the case for the many businesses which actually start and succeed.

What is a business? A business in its simple sense is a value creator. In the form of products or services the point is that the business creates value. And this value does not simply need to be to a consumer, it can be to other businesses, in an intriguing way. For example a company that has stocks will be able to trade shares, and this in a way inadvertently creates value.

The main point above was to dispel the view that you need money to make money. You are a business in your own right. You create value, and as an entrepreneur you create value. This value can be immense.

For example, you may not have much money, but with that money, a man or woman with an idea and a plan, can easily raise the money to start a business. This business can have its funding from business loans and even from venture capital or angel investors. The point is that you don't need the money to start a business, whether that is small, medium or big.

By far the easiest way to get into business is with a home business. The benefit is that it is more self contained. You don't need to write big business plans, you don't need to get funding, and you can fund the business easily. If you only have a few hundred dollars, you can easily start a home business, and the benefits are immense. With a home based business you will not need expensive rent on retail or office space, you can get the business off the ground in your bedroom or a spare room - like how I and many others who have created successful businesses started.

I simply love home business, the concept and idea and for many reasons. The first is that for many people, they feel like if they only had the money, they could get office or retail space, and make money with it, because they had what is needed, but this is far from the truth. The fact is that many people who start a business fail, because they believe that with money they can make money.

A home business also gives you access to many successful home business opportunities. These opportunities are ready to run. Many of them have created big success, and can do the same for you. The added bonus is that these opportunities show you a plan that has made that business successful.

Another option for home business is that of freelancing. Instead of working for one employer, freelancing to many clients can help you earn more, and at the same time not have to wait so long until you start earning money in a business.

As always all these options allow you to grow in your own pace. A business, even in retail space requires time to get established. A business from home allows you to test and grow your business, and when it reaches the necessary size can be put into a retail or office location and soon get staff and expand.
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