It should be noted right away that a business without investments is impossible in principle. Investments are always there. Another thing is that not all investments should be in cash at 100%. Own time, strength and energy are also investments. However, money will still be required.
Cost example: travel; on telephone calls; to pay for the Internet; even to pay for housing and meals, while promoting a business and making enough profit, etc.
The costs will have to be borne anyway, without even spending money on the purchase of equipment or renting an office for doing business. If there is no understanding that the work of organizing a business itself also requires investments, then it is better not to start a business.
Preparing to start a business.
Business ideas without seed capital primarily attracts novice entrepreneurs who do not have sufficient savings and practical experience. In order to properly start a business without investment, you need to prepare. You need to prepare psychologically and professionally.
A business without investments requires good moral and psychological stability, as profit may not appear very soon, but it will take a lot of work. There may be difficulties in relationships with close relatives due to financial problems. It’s good if relatives support the idea and understand that creating a business without investments is not always easy.
For training, it is worth taking one or more open trainings. Trainings will help to refresh memory and systematize existing knowledge, give the necessary impetus for decisive action. Well motivated training in setting or managing goals. Time management training is helpful.
Ideas for business.
The idea for a business, including one without seed capital, can be found on the Internet if you don’t have your own experience.
By asking in the search engine, you can get a large selection of resources that offer ready-made ideas for the business. Among them there are resources that will offer hundreds of ideas with ready-made business plans. But, it should be borne in mind that the proposed business plans are outdated, because created long ago, and they need to be updated. In other words, every business plan should be carefully checked, in essence of the idea and economics of calculations. But, in principle, ideas can be implemented and can be profitable. The main difficulty is that there are too many ideas, and this can create difficulties in the final choice.
Sources of seed capital.
Starting capital for small businesses can be attracted from several sources.
To attract capital from any source, you need to have a good business plan, competently calculated and clearly drawn up. If it is not there, then you should not even begin the search for seed capital.
Among direct sources, the main ones can be noted: borrowed funds or investments of relatives; funds from public services and assistance funds to start-up entrepreneurs; the same, but from deputy funds.
Attraction of financial partners gives good results. They can be found over the Internet by giving a request to a search engine, or among friends and acquaintances. But, we must deal with the technique and rules for concluding and maintaining partnership agreements. We must be able to conduct partnerships in such a way that each partner can at any time leave the partnership without costs for himself and the other partner. You need to learn this and take advantage of the partnership.
The main advantages of attracting capital through partnerships are that the available resource is increased, and the losses from potential business risks are reduced. With an increase in the number of partners, the size of possible losses from risks decreases, but the complexity of communication with partners increases.
If all the preparations are carried out correctly, then a business without investments will become a real, achievable goal.