How to start a business without money in India, the US, Canada, and in any country
How to start a business/startup without money (Online/Offline) in India, US, Canada, and in any country: When I started BizAdda360.com, I had the clear motive to help those who want to start a business but don't have any experience of business, or money to do a business.
Here I will share all the things by my experience and some info from those who are in business and have built a great business with money in their life. Here you will get an idea to start a business without money.
As all of us know money makes more money, but the thing is that all the people don't have the money to start their business. So if you are the one who is struggling to the starting a new business. then you are at the right place.
There may that something that you may not like or maybe something that is not fit for you, but I am sure of one thing and that is will not be disappointed by reading this post till the end.
Even if you don't find an idea to start a business without money instantly in near the future you will do that.
Before we go too deep down on How to start a business without money let's understand some other things which are important for all of us to know.
Table of Content
Is money the real problem in starting a business?
There are a lot of people who want to start a business but they don't do that just because they think that they are not made for business or business is not their cup of tea just because they think that money comes on the way to stop them.
But I want to make it clear to all of you that, money is just one thing that you need to start a business, there are many other things which you must take seriously if you want to start a business.
I understand money can be very important for some people, but here I am not going to talk about the problem, but here I want to share the solution for those too, who don't have money to start a business.
As mentioned above, money is only one thing out of many other things which you will need to start a business. like:
- A positive and optimistic mindset
- Problem-solving thinking
- The creativity of your mind
- Helping mindset
- Network of like-minded people
- Storytelling
- Learning mindset
- Self-belief
- Persistent
- Consistent
- and many other things
1. A positive and optimistic mindset
Before starting any business, your positive mindset is very important, as there must be a time when you will feel why your business is not working although all are doing good in that, I will start self-doubting. And that will ruin you, even if you could do great in that business.
You will quit soon, so here I want to make it clear that all the businesses don't build in a day, building a business takes time and maybe some people take more time to build a business. As it all depends on how do understand business, and what is your surrounding.
If you are the one who doesn't have any business mentor, supporter then, there are strong chances that you will fail in the starting, and maybe in a few businesses. If you read the story of the top business people in the world then you will find one thing common in all, and that is their failures.
All the successful people have failed in many businesses, in their life. So you must be ready for that, if you don't have the grit or a great purpose to build a business then you can be sure to fail.
2. Problem-solving mindset
This is the most important thing that every entrepreneur must have, If you don't have this thing then you will have to learn it. But you will have to have. If you have a look at the existing companies or startups, then you will find that all the companies or startups which are doing great business, all have a purpose and solving a real problem.
If you do a business without having a problem in the market related to your business, then you will always struggle with that. So here one thing can be said: "Greater the problem you solve the greater the business you can build".
Just suppose you want to sell a product, which has no demand then do you think that anybody will be interested in your product. So before you invest your time and money in any business, be sure that you are solving a problem not just starting a business.
Because business is not just business, but it is the problem that you solve.
3. The creativity of your mind
The creativity of your mind plays an important role in the success of every business. Creativity is not limited to business but also plays a critical role in marketing, sales, product building, and many other things, whatever is part of the business.
And because here I am talking about a business building with no money, it becomes a very useful skill to learn. I understand that all people are not equally creative, but it is also a skill that you can learn with time.
4. Helping Mindset
A helping mind can help you build a great business in your life, just change your mindset from making money to helping others, and once the people find you useful in their life, they will start paying you back for that.
Let's understand this thing with an example:
Example 1.
Imagine a situation, where a lot of people have a similar problem, and they are looking for a solution for that but no one is there to help them. Like if you are living in a city where nobody provides the ac repairing services at home, or laptop repairing service at their doorstep, but if you can do that for them, then they will be ready to pay you even extra.
Example 2.
Imagine you are living in are where nobody provides car or cab services, but you have a car, can you start with that with one car, and do some marketing to reach more people, and with time increase the number of cars and make a company around this problem.
5. Network of like-minded people
Where do you live, and with whom, you spend most of your time will decide your future too. If you spend most of the time job-minded people, then your mind will not think out of the box, and you will end up just like your friends.
Who do you spend most of the time, matters the most in our lives, if you don't have like-minded people around you, it is better to stay alone, in your life, or change the place, go somewhere, where you can find the like-minded people.
Because you want to start a business, then you will have to be ready to be comfortable with your uncomfortable too. There would be a lot of things that you will have to do even if you don't like it.
Now you may be thinking that, why should I not live with job-minded or with those who don't have great purpose in their life.
Here is the answer to that too.
When you live with those who have no purpose in their life, you become just like them, and its opposite is also very true. When you spend your time the like-minded people then you start learning from them.
And with time, you become like them.
6. Storytelling
If you are a storyteller then you can do much better than those who are not. A storyteller can solve a lot of problems easily, Like if you want to convince your family to start a business, then if you have a storytelling skill then you can convince them.
And it is not limited to family but storytelling plays a very important role in brand building and raising funds from investors too.
7. Learning Mindset
Learning mindset is something, if you don't have, then be sure that you are not made for business. As building any business, takes a lot of multitasking, if you don't have a learning mindset, then you can't do that.
A businessman is someone, who may not be perfect in all the things but must know the basics of everything like Sales, Marketing, Product building, team building, finance management, and many others.
8. Self-belief
Believing in self is very important for all those who are new in business, as there would be times when nothing will work, and you will get a lot of pressors from the family, friends, and family.
But if you will be self-confident in you.
Then these people will not matter much, and you will be ready to face all the people.
There are a lot of people, who left the business just because their family did not believe in their business ideas or could not face society.
9. Consistency
Consistency is very important for all of us, as you are not sure your business will run or not but if you are consistent, and your business has the potential then one day you will build that big.
These are some points which you must consider while starting a new business.
Important things for starting a business without money
Although I have shared some of the important things to consider before starting a business, there are some other things that are very important for starting a business without money or with no money.
And those things are:
Skills
When you want to start a business without money then you will have to have some skills which you use to build a business. As almost every business takes some amount of money to start but if you have some skill that you can utilize to build a business then you can go even without money.
For example:
- Website Designing and Development services
- Digital Marketing services
- Dance classes
- Yoga Classes
- Consulting
- Teaching
- Cloth iron
Resourcefulness
Starting a business without money takes resourcefulness. If you have no money to start, then there would be no problem but you will have to be resourceful for that. You will have to know how to leverage those things or people which you already have.
For example:
1. if you have website designing skills then you must have a laptop too. So now you can start freelancing services for those who need a website for their business.
2. If you have Digital Marketing skills and a laptop then you can provide digital marketing services
3. If you have dancing skills then you can start teaching dance on YouTube
4. If you have Yoga skills then you can start teaching Yoga online on YouTube which is one of the best online business ideas
There can be many things which you can do, these are just some examples.
Business ideas that you can do without money
Business ideas that you can do without money: As I have shared all the important things related to starting a business without money, now let's know about some business ideas which need no money to start.
Here are some examples, which you can start with.
If you have skills
If you have some skills then you can start the following businesses.
- Website Designing and Development services
- Digital Marketing services
- Dance classes
- Yoga Classes
- Consulting
- Teaching
- Cloth iron
If you don't have any skill
There are chances that right now, you may not have any special skills that you can use to start a business. Now because you don't have any skills so here you will have to start with little money.
Here I am sharing some business ideas which need little money to start.
- Vegetable vendor
- Selling popcorn in the market
- Sell any fashion accessory in your local market on the roadside
- Sell books in any public place
FAQs about how to start a business without money
Here I tried to share everything about how to start a business without money or no money? If you have more questions then let me know in the comments below.
How can I start my own business with no money?
There are lot of business that can be done without money, you just need to follow all the things those I shared abov in this post.
What business should I start as a beginner?
If you are a beginner, then I would recommend you to start a business, in which you have atleast some skills or talent. As you would not be bored in that.
What are 3 things you need to start a business?
3 important things to start a business:
- Skill
- Resourcefulness
- Positive Mindset
What are the small business ideas?
You can try the following business ideas:
- Website Designing and Development services
- Digital Marketing services
- Graphics Designing
- Content Writing
- Dance Classes
- Yoga Classes
Summary:
Althoug here I tried to cover everything that a person can face while starting a business without money. If you have more question or problem in your mind then let me know I will share in this post.