How To Start A Business With No Money Is What https://www.jmakoetla.com/ Found To Be A Big Challenge Facing Entrepreneurs Everywhere

Starting up a business does not have to cost a lot or be expensive, especially when you are creating handmade products or offering creative services. In this video, I’m going to share with you how to start a business with no money to help you start building a business and a life you absolutely love. RULE #1: NEVER, EVER, GIVE UP ON THAT DREAM! First, there is one rule you absolutely must follow. It’s the most important thing. Don’t give up! If the lack of money is holding you back from following your dreams, don’t give up all hope! It’s not a hopeless situation by any means! There are many things you can do! There are a lot of options to help you generate the funds and resources you need to get started. Your dreams are so very important. They are worth more than you think! There are a huge part of who you are. So before you do anything, remember to never give up and believe with the right determination and hard work, anything and everything is possible! HERE’S HOW TO START A BUSINESS WITH NO MONEY: STEP 1: IDENTIFY WHY YOU NEED MONEY AND WHY IT’S EVEN NECESSARY When I started my business, I was caught up in what I *thought* I needed vs. what I could actually do without. For example, I thought I needed an office/art studio space. And yes, while that may have been nice to have, it wasn’t in the budget. And so I made do with a corner in my closet and a corner in my bedroom and a corner in my living room. Guess what? It worked out just fine and it saved me thousands of dollars in rent. So, right now – think about what you *think* you need money for. Now brainstorm alternatives. Office/Storage Space: Could you clear a corner in your house somewhere? Marketing: There are a number of free ways to promote your company. Product Development: {AKA Craft Supplies}: What could you make with things from your stash to help you raise start up capitol? Alternatively, are there any items in your stash you could sell to raise some funds? Website: Could you start with a free blog/website or sell your items online on a third party site until it’s in the budget to launch a proper website? Heck yes you can! STEP 2: SAVE UP MONEY TO SURVIVE ON It takes almost any business at least 3-6 months to see some activity, so you are going to need savings/income to survive on for that first 6 months. This is the hardest, most painful truth about starting any type of business – you probably can’t afford to quit the day job just yet. Thankfully, there are a lot of ways to hustle! List items for sale on Facebook Flea Market Groups + Craigslist. Sell everything in your house that is not absolutely essential – yes this may mean the furniture and possibly even your rarely used kitchen accessories! Get your personal budget in order: Track your spending and see where you can spend less. Save money on everything in every way you can: Use coupons, apply for a tax ID number and buy wholesale, reduce your utility bills, cancel the cable {though do keep the internet!} and eat nothing but Ramen noodles for a few months {Caution: while affordable I am pretty sure Ramen Noodles are not a good source of all the essential daily vitamins and minerals – you may not want to heed all of this advice!} Offer to Do Odd Jobs: Help a neighbor with their garden, Babysit, get a side gig delivering pizzas – whatever you have to do to pay to the bills! STEP 3: CONSIDER A SMALL BUSINESS OR PERSONAL LOAN IF YOU ABSOLUTELY NEED CASH NOW You may need money now. It’s okay. If you’ve carefully thought of every way to come up with savings and alternatives to spend money, then you may want to learn how to apply for a small business loan. Be sure to only borrow as much as you absolutely need Don’t borrow more than you can afford to repay each month STEP 4: BARTER SERVICES/PRODUCTS FOR OTHER SERVICES/PRODUCTS There are so many great ways to trade people for products and services. This is a great option when two people are just starting a business – you can help each other out! STEP 5: UTILIZE FREE SERVICES There are tons of free and low cost services you can use when just starting your business. You can always upgrade to the more expensive better services and products later at any time. STEP 6: EMBRACE THE DIY APPROACH Learning to do things on your own can help you start out small and simply. Maybe you learn how to create your own website, or you build your own branding using free graphic design apps. While these things are best left to professionals – at the same time if you have no money the DIY approach can help you get much farther than taking absolutely no action at all. It does n't cost more than $20 to start a business.

MICHAEL https:// www.mfdesigns.co.za VINTAGE COMPANY PROVIDE UNIQUE AND PROUDLY SOUTH AFRICAN DESIGNS

COMPANY PROFILE BACKGROUND I started my business in 2009 I passed std 10 at cape college. I did B-Com management at Unisa. In 2017 I did pattern development at CPUT COMPANY DETAILS MY COMPANY NAME MICHEAL VD PTY MY BRAND NAME MICHAEL VINTAGE CONTACT PERSON MICHAEL MPENGESI CELL NO 0782097515 FACEBOOK MICHAEL VINTAGE TWITTER MICHAEL F DESIGNS INSTAGRAM MICHAEL MPENGESI WEBSITE https www.mfdesigns.co.za ADDRESS NY112 NO 47 GUGULETHU SECTION 3 CODE 7750 TYPE OF OWNERSHIP: Company DESCRIPTION OF PRINCIPAL BUSINESS Designing of African print clothing and my products are unique and proudly South African. I am able to design bespoke clothing to my customer need. Target market the age group are target market 18yrs to 35 s. We have been operating for 10 years. CATERGORY: Woman's wear and men's wear weard vear