How Much Money Do You Need to Start a Business

Some people think that you need hundreds of thousands of dollars, if not millions, to start a

business. However, that doesn’t have to be the case. Here are a few businesses I have started, and

others have started, for less than $1,000.

Blogging or Freelance Business

The owner of this site and I recently spent a weekend together with a few hundred other finance bloggers

in St. Louis. The hundreds of people at that conference each have some sort of online business, and none

of those businesses require more than $1,000 to start.

Service Business

Depending on your business, startup costs can

be pretty low. When I started my flash mob

business, my costs were a website (I already had

hosting, so it was $7 for the domain) and one

big, loud speaker, which cost $250. I actually

used my own personal speakers for the first few

events and didn’t spend on a bigger one for a

few months.

Story Of $100 Startup

In Chris Guillebau’s $100 Startup, he features a long list

of businesses that started for a low cost and are able to

support a family. Some of my favorites include the

husband-wife couple who create high quality artwork

including specialized maps and the guy who delivers

mattress orders by bicycle in Portland.

Just Try It Already

If you are sitting on a great idea or have been afraid to try a business, what are you really waiting for? What is

holding you back? Fear? Fear of what? If you limit your financial risk, you may be better off trying it out than

always wondering what could have been.

Startup Costs for Your Businesses

If you feel comfortable sharing, what sort of startup costs have you experienced when starting out? Please

share in the comments. Read How Much Cost a Business Start-up

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