How can I start my own business with no money?

How to start a home business

In this text, we are going to show you profitable business ideas and market niches that can generate significant profits without you having to save a lot of money before taking the first steps.

Delivering food at home is a business that never goes out of fashion. The best part is that you won’t need to invest in building a restaurant or hire waiters or dishwashers, for example.

Gourmet desserts are part of the less explored profitable businesses and they are also excellent options to sell to restaurants, to students at the university and even at the door of companies in your city.

This is another option related to the previous item, but in this case the ingredient to be removed from the recipes is gluten. Offering cakes, breads, pastas and desserts for celiacs is an excellent option for a profitable business.

Therefore, one of the most interesting profitable businesses today is home cooking. If you have a flair for gastronomy, a good option is to offer the service of a personal chef for events at home.

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I recommend that you start through your skills, as this will help you build a personal brand in a specific skill, which will then give you more resources to create a related business.

This is not only to validate if your idea is attractive, but also to advance so fast that you can learn and have a clue of what you will need to build different parts of your business: costs, material, logistics, prices, etc.

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Many times the motivation to generate more income is usually the main factor to start a business, but if your venture is related to your vision or a greater purpose, you will have more resources, energy and clarity to develop it.

For example, if you want to make face masks, but deep down your purpose has always been to help others and provide them with health and safety, then that motivation will guide you to make better decisions, even beyond money.

No matter what stage you are in, you have to know that new businesses are beginning to have a greater social conscience, so you must really learn to listen to people: their frustrations, their fears, their discomfort, their desires, their motivations, their needs, among others.

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Can you start a business with no money? Yes, you can, even if this is not the way everyone is used to follow. Many of the stories of those great companies that came from nothing have in the basement many details that are not told in order not to lose the romantic and motivational side.

Many entrepreneurs first run their business based on what they think they need, then figure out how much money they need to keep going. In theory, this is not a bad idea, but in practice it has some major drawbacks. It doesn’t take into account economic constraints.

Of course, if you have unlimited resources, you can start your business in conditions that seem optimal. Open your business on the busiest streets in town, with as much space as possible, use the best materials for remodeling, hire a high quality staff, spend a lot of money on advertising, etc.

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It may not even be necessary to open a store. Some companies have tested the concept by selling directly to friends and acquaintances, either at pop-up stores or at meetings. On the other hand, an online sale may be the ideal option.

How to start your own business

There is a (false) belief that the most important thing to start a profitable business is to have a big budget to invest from the beginning, but what to do if you don’t have it? There is a famous phrase from a renowned American tennis player that could fit perfectly in this situation:

And is that, although it may seem obvious, sometimes we focus on a long-term goal, when what we should be doing is analyzing the human, creative, financial and intellectual resources we have at the time of planning our venture.

In this process it can be very useful to think about what your MVP (minimum viable product) would be like, that is to say, the fundamental characteristics that your product will have for a first launch, and then you can improve it!

The Business Model Canvas methodology (Business Model Canvas), developed by business model expert Alex Osterwalder, is one of the most widely used in the world of business and entrepreneurship.

In it you will find: the description of the company and the products or services it offers, the market analysis, the company’s objectives and its plans to achieve them, the calculation of resources needed to carry out its operations, among many other data.

How can I start my own business with no money?
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