Updated: Jan 11, 2020
It takes money to make money, but it doesn't have to be a lot. Many successful businesses started out with a great idea and an empty pocket. Yours can be next. Here we discuss how to start a business with less than $500 and how to nurture your business into a profit-making machine.
When starting a business, one of the most daunting aspects is the investment cost. You need thousands of dollars to turn your idea into a reality, right? Well actually, that isn't fully true. There are some businesses with successful models set in place that are less than $500 to start.
Find your passion
Starting a business for less than $500 means you will need to be very involved in your first 3-5 years of operating until you can hire on employees. Make sure you pick something that you are passionate about, or else you will end up still hating your job. Who wants to leave a job they hate to be an entrepreneur only to end up hating their new job?
Make a list of business skills you have such as; customer service, writing, office work, accounting, and other such skill sets. From that list pick what makes you happy working every day and start there.
Having a passion for your work also shows in brand authenticity, customer service and the results of your work project.