How much money do you need to start business
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Transcript of How much money do you need to start business
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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.
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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.
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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.
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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.
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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.
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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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