• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • RECOMMENDED BOOKS
  • FREE TOOLS
  • CONTACT US
  • ABOUT

The Fortunate Investor

Investing, Business & Personal Finance For Wealth Builders

  • Save Money
  • Invest Your Money
  • Get Out of Debt
  • Making Money Online
  • Family & Money
  • Taxes
  • Business
  • Retirement
    • Retirement Calculator
Home » No Money? No Problem, You Can Still be an Entrepreneur

No Money? No Problem, You Can Still be an Entrepreneur

March 24, 2021 By Bobby | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

No Money No Problem You Can Still be an Entrepreneur. You Can Still be an EntrepreneurStarting a business can be a challenge, it can be exhausting, and it can be downright confusing sometimes too. 

But with every lousy point, there are multiple good ones. 

Being an entrepreneur is one of the more rewarding things that you can do, and seeing your business take off is incredible. 

Yet, many people don’t take the leap with a business idea or a start due to cash flow or the lack of it. 

The truth is, you can be as agile as possible and launch a business with little to no money. 

Idea Generation

Start writing down all of your business ideas. What makes them great? You might need to write down up to 100 ideas in order to find the one that makes the cut. 

The best business ideas usually come from highlighting problems that people have. 

As you go through your day, look for things that you can improve. 

Research

Once you have got your list ready, it is time to research the market more. Are there other companies doing the same thing? 

Can you do it better? 

How can you personalize the tool, service, or product to stand out from a crowd?

Can you make a better product cheaper?

Audience

Who is buying your product? Where do they live? 

Build an in-depth profile of the people who will benefit from your product, service, or tool. 

Instead of taking a gamble here, seek out and interview/chat with people who fit the bill. 

You’ll get the feedback you need. 

Inspiration

When working with little to no cash, it is essential to have a list of entrepreneurs that you can look to as inspiration. 

  • Bill gates
  • Steve Jobs
  • Paul Ognibene of Cohasset
  • Cashmere Nicole

Look at what they have built, and remember that is your focus. 

MVP

What is the minimum viable product that you can put into the world? 

You are looking at building a tool, product, or service but just the bare bones. From there, you will need to seek people out and invest a lot of time testing them out. 

The reception of your MVP will give you the information you need to decide if you have something that can work or you need to go back to the drawing board. 

Business Plan

Rather than work on your business plan first, you will use the feedback and analytics that you have to put together. 

You now know if your business will work, how it will work, and who it will work for. 

Having real numbers means that you are less of a risk for future investors, as there is a market for your products, services, or tools. 

With planning and proof, you can move forward to seek investors and a co-founder. You can also consider crowdfunding, angel investors, small business grants, and microloans. 

You might wonder why you need a co-founder, and the truth is, most investors prefer to see multiple founders on a business plan. Research shows that successful start-ups have multiple founders. 

Co-founders can also be a massive source of support. 

Becoming an entrepreneur with little to no money isn’t an easy option but can mean launching your dream business sooner rather than later. 

  • About
  • Latest Posts
Bobby
Latest posts by Bobby (see all)
  • What to Know About Gold IRA Companies - August 13, 2022
  • Do ETFs expire? - August 11, 2022
  • Useful Tips for the Growth of Your Business: A Comprehensive Guide - August 11, 2022

Primary Sidebar

Popular Articles

What to Know About Gold IRA Companies

What to Know About Gold IRA Companies

In contrast to today’s more turbulent stock market, gold has recently been shown to be a source of … Read More about What to Know About Gold IRA Companies

rent high

Why Is Rent So High, and What Should Investors Know?

Are you an investor looking to make solid investments? If so, you need to know about the current … Read More about Why Is Rent So High, and What Should Investors Know?

types of ETFs

Do ETFs expire?

Exchange-Traded Funds, shortened to ETFs, are investment vehicles that allow investors to purchase a … Read More about Do ETFs expire?

portfolio

4 Tips for Building the Best Investment Portfolio

The pandemic forced around 9% of Gen Xers and about 14% of Millenials to borrow against their … Read More about 4 Tips for Building the Best Investment Portfolio

Useful Tips for the Growth of Your Business A Comprehensive Guide

Useful Tips for the Growth of Your Business: A Comprehensive Guide

Business growth is essential for any company, regardless of its size or stage of development. But, … Read More about Useful Tips for the Growth of Your Business: A Comprehensive Guide

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
INSTAGRAM
YOUTUBE

Copyright © 2022 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service