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How to start a business with no money?

Starting a business requires a lot of capital. Right?

Well not really. In fact, this is a misunderstanding that’s more common than you’d think. Though it might be that way in several cases, we often fail to recognize the presence of various ideas or ways to start your business with zero or limited funds. Now it might seem like a far-fetched idea, but trust us, it is not impossible to start a business with no money. There must be around 600 million entrepreneurs in this world and if these statistics are to be believed, this number is just going to grow.

You can either sell a product that requires no capital or if your idea is out of this world and completely new, you can always pitch it to someone and try getting yourself a pre-seed investment, mainly from friends & family, or even business angels. The latter is difficult and can take a lot of time, though. However, if you want to start a business with no money, it is the best way.

Having gathered information on what resources you have access to and if the idea you have has a good place in the market, you can measure if your startup plan is a hundred or a zero. In this article, we have listed a few ways to start a business with no money.

Choose an idea

The fundamental step for any startup.

Your business idea is always the core, the essence of the whole setup. There are a million ideas out there with which you can start a business with no money. For example, if you are going to start a dropshipping e-commerce site, you initially almost need no money as long as you are okay with selling your product on Instagram and can reach your audience organically without requiring any ads.

If your business is going to be service-oriented such as a digital marketing firm, more than monetary resources, all you need are your knowledgeable assets and nothing more. Performance-oriented businesses like becoming a standup comedian or an influencer also require no money and are purely based on your skill.

Understand your idea completely, so you can lay out a road map to see where you want your idea to go and grow. If you want to start a business with no money but are still struggling, then always understand if your idea is solving a problem for your target audience. If it does that in an efficient manner, then your idea would be more successful.

If you have trouble coming up with good business ideas, use our startup business idea generator to generate over 5,000 startup ideas for free.

Know your resources

Taking into consideration the various resources you’re already equipped with, say your skills, experiences, and assets you own is a great way to start.

This will help you understand what you have and what you lack.

It is easier to list down all your obstacles but is often harder to list down all the possible opportunities. This is required while you start a business with no money.

The internet is the biggest asset anyone could have asked for. With access to several resources that you might need for your business including information, statistics, templates, and case studies, you have a  huge pool of resources that can make diving into it smoother.

We, in this era, are more than well equipped to start a business with no money.

Gather your team

No matter how cliche it might sound, a team can always make or break your idea.

Irrespective of you wanting to start your business with no money or not, your business’s foundation is always the founding team. If you already know someone who is on the same page as you and is trustworthy, then you are good to go. However, if you are still a lone wolf, you can always have several conversations before you build your team.

LinkedIn is a good place to get yourself a founding team. There are other such social media platforms and groups that can help you find one.

Bootstrap initial funds

Although it is pretty much possible to start a business without money at all, if your idea requires a cash flow, then you can bootstrap your entire investment. You can save up money from all your pocket allowances. You can also sell something homemade or made with limited resources.

In case of approaching your family members for an initial investment, prepare a good pitch deck.  You should also include it with your startup’s information and how you can make it big. You should also mention your plan of making it big and giving a return on investment. Getting an investment is the best way to start a business without money.

Finally, you can also list your business on crowdfunding sites. If your idea involves intellectual property, in most cases, you might not need anything but you can always try crowdfunding.

Decision making assessments for startups

Getting a small business loan

If you need capital, then you can try getting a small business loan. As long as you are aware of their interest rates, you can either try approaching banks or online lenders. Online lenders can be a bit more lenient with what they require from you. However, make sure that you are well-informed about the interest beforehand.

If you are not looking for a lump sum but rather would be okay with a small amount, you can try getting a business credit card. This might be risky but is the easiest way to start your business with no money.

Build a network

The best part about having your own business is socializing. Networking with many out there who are like-minded as you will be your biggest asset. This will help you out in the future if you need any other help. You can always learn from their experiences and the lessons they’ve learned through operating their business. This asset can make sure you start your business with no money.

You can also talk to someone who has achieved certain goals that are similar to what you want to achieve. Getting someone successful as your mentor can help with laying a foundation for your business. Your connections are more powerful. This largely influences your growth and will provide you with many opportunities.

Learn what you don’t know

If you have expertise in a certain field but are not sure about the rest, as a CEO, your responsibility to learn is the best practice. This will help you gain a lot of experience. It will help you see things from a wider perspective, no matter how skilled your partners are.

You cannot call yourself self-aware without making an effort to learn things you don’t know. If you are an innovator, an undiagnosed gap in knowledge means that you do not understand the problem completely. Get the habit of self-teaching, understand your knowledge gaps and treat them as learning opportunities. When you have limited resources, while you start a business with no money, learning is the best way for you to grow.

Experiment and adapt

The art of starting a successful business is your ability to adapt to changing situations. Making a startup work would require more than just determination. It would require you to have patience and be flexible by being responsive to the changing environment.

New businesses always take time to become established. You need to realign your short-term goals consistently to make sure your business works out well in the longer term.


The essence of a certain business has always been filling the spaces between the buyer and the seller. To be an entrepreneur, as fancy as it sounds, comes along with several roles and responsibilities. Just like how starting your business with no money has a lot of advantages, it also has a few downsides.

It is empowering to focus and make your business a better one every day while enjoying it. If you are low on cash but if you think your idea is going to be hit and you are passionate about making it work, there is nothing wrong in giving it a shot.

If you have just started a business or planning to start one very soon, use our AI-powered business assessments to help you make fast well-informed decisions on every aspect of the business.

If you enjoyed reading this article on how to start a business with no money, you should definitely check out more of our articles on our blog.

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