Is it possible to start a business without money or collateral?
Anything is possible and most companies were started from someone’s ideas written down on paper and financed by those who saw merit in the plan. Still, realism is important. This depends a lot on the specifics of the business. Some businesses are relatively easy to start without start-up funds, some virtually impossible.
I think you need to match your ideas to reality. Millions of service businesses start without money or collateral. These tend to be consultants, graphic artists, accountants, and other professionals. You have a skill that other people need, you have potential customers, take a job, and get started. Twenty years ago I started my business plan consulting business without money or collateral, just a skill, contacts, and the will to do it. You probably know several people who have done the same.
On the other hand, some businesses just don’t happen without start-up money. For example, you may want to develop and produce some electronic item that the world needs, but for that business you’ll need money for designers, software engineers, hardware engineers, prototypes, testing, packaging, and lots of other start-up costs.
Even on a smaller scale, few restaurants or retail stores start up without money to pay in advance for the location, fixtures and furnishings, signage, and so on. In these cases, you don’t necessarily have to have the money and collateral yourself, because for a good business the idea is that you raise the money from other people who want to participate in the upside of the investment.
That’s what this whole site, Bplans.com, is about: developing the business plan and raising money.
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I want to start an energy consulting co.Are there any tips for getting my name out, gettint equipment, etc..
that you could offer
Im planning on starting my own clothing line bt dont know how to go about starting it.the only problem i’ve got is i don’t have funds
I am a business major at PSU and i have a business idea. I don’t know how to start the business because i don’t have any money to start with. What should i do?
I have 25 years of knowledge along with a machanic to service and sale Industrial Plural component spray equipment up and down the west coast of United States, if you understand the industry the VOC(volitile organic componds) regulations will be requiring more and more of this service, the market is filled with state of the art equipment and no one to train, service or consult with, with any real application knowledge, its a perfect opportunity with the right backing. Please help me.
hii,
i have so many new concepts and idea for new businesses but i don’t know how to start it i have so many diffrent-diffrent catogaries investment plans but no fund how can i start please suggest me.thanks
I’m in the health and wellness industry.I’m looking for people that want to feel good and want help people.Please email me at sndrguerrero@yahoo.com partime businees opportunity
I am currently Pursuing a carreer in Home inspection and Radon testing and mitigation in northeast Iowa. These fields require some specific tools and equipment. there are many state regulations to keep up with. I am planning to hire someone to do the clerical work. I will need financing to cover the tools and salary for at least 1 year. I have construction experiance and a degree in Mechanical Maintenance. I would like some input on where to find this financing. Thank you
I am interested in buying a business. Price is good 1/4 of what the investment property is worth. What do grants provide? What does SBA do to help you get funding to buy a business? I need a person who can help me step by step is that possible?
hi just bought a catering van
could you advise me on were to start
regards marie also is there any funding
I want to start a non-profit organzition that benefits the unemployed and uses as it’s resource the old handmade objects (tools, baking, sewing, pottery, woodworking, etc.) to keep our history’s foundational trades in rememberance. I have nothing of my own to start this with, just the ideas. I have no personal funds, no home to use as equity, no building or land to start with, and am even in personal financial debt, which I am working to pay off. My only reliable resources are not in any better circumstances to assist with. Any ideas of how to approach this? Please email me at michelle@jagjrinc.com if you have any suggestions.
Hi I am patrik from Secunda in South Africa. I am working now 20 years for the same company. I wish that I can say it is enough wasting my time making other rich and anot charing their wealth.
I would love to start my own filling station (gas station). If it was possible that some one are willing to give me the opportunity by taking one over and meet with pay back method that will give him his rent and achieve my goal by paying it off in the shortest time.
I have no knowledge of a business but are study Project Management, this give me a bigger picture that there are three main objectives to be 101% successful in the scope what I want to achieve, and that is TIME, COST AND QUALITY.
yes: I do not have the knowledge and funds to start this idea but give me a change and see what I can and will achieve.
NS: Maybe there will be a light at the end off the tunnel.
I’m a business owner that in my 26 year career has worked with hundreds of clients, many of them entrepreneurs starting their own business. What this article touches on is something that I know to be true. You can make your dream of starting or buying your own business come true. Proper business planning is essential to making that happen.
Dennis Lowery, President
Adducent, Inc.
Information & Services to help you start, fund or buy a business.
hi
I am a student of final year of Bachelor of Business Administration. after completing my graduation i want to start any small business but i don’t have money!!!!!!!!
I want to start my own business i don’t have any capital fund, i want to start business of Office and school supplies,I have some experience in office supplies
DBA or LLC. which is better to get some limited liability.any one can help me
thanks.
syed
I want to open a contemporary Cafe in san diego. My concept will be very easy to duplicate. I need help to finance my concept. I am from France and I know what ideas I can bring in San Diego. Please contact me
hi my name is caiphus am 27 i wish i get help to start a business of filling station.am struggling for 3years to get help for fincial but i didnt get it. i have already have a site,but i have no idea of how can i start. i was a taxi owner an i fall but now i work in other company i need to rise up again because my people where am staying their suffuring with a fillingn station
plz contact me an help
I got laid off last year and I am working on an idea. The idea is to rate medical equipment and help healthcare providers find the best equipment for their needs. This would be accomplished through a website and be a low cost alternative to consultants who want big bucks up front. The website would conduct survey’s on a particular type of equipment, and comparing the different types of manufactures. Also I would the equipment and provide reports on the equipment.
I am researching trying to open a afc adult foster home i have a huge passionate for the work and i am very excited although i am having trouble finding a business plan for this. Any suggestion thank you for your time.
get your car washed while you’re working
like go to the packing lot and wash the car, How can I convince the the different owners of the car
THIS IS VERY GOOD TO GETFEED BACK ON WHAT YO ARE TRYING TO GET ON WITH. VERY GOOD IDEA AND MANY PEOPLE JUST NEED TO BE REFERED TO THE DIRECTION THATS WILL START THEM, OR NOT, IF THE PLAN IS NOT GOOD, SOONONE WILL SPEAK OUT. I AM IN THE PROCESS OF STARTING MY NO-KILL ANIMAL SANCTUARY. MINE WILL BEGIN THE MOMENT I’M ON THE PROPERTY WITH THE AREA NEEDED. PRAYER WORKS TOO.
I would like to open an assisted living facility, but have no idea where to begin. I don’t have a lot of money, but I would prefer not to take out a loan. What do I need to do? What is the process? what do I research first? Who do I contact? I need to go step-by-ste.
Can I get loan with the help of a business plan?
I am trying to start a business primarily targeting children who are welfare recepients in the Washington, DC area. I have created a name for the business but there is limited start-up capital. What do I do? How can you guide me? Thx!
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