Do you want to get started in entrepreneurship but don’t have the budget? Today it is possible to start an independent activity without getting rich.
However, think about some of the administrative costs (hundred euros) and the fact that you may not be able to pay yourself the salary right away.
Beyond these considerations, it is quite possible to create your own small business project with 0€. Codeur.com gives some tips to help you achieve this more easily.
Submit your project on Codeur.com for free, get 15 quotes and choose the ideal service provider.
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keep your day job
Many people decide to quit their jobs when their first idea is born. It is especially observed for people stuck in job that they are not really passionate. However, starting a business can be a lengthy and costly process.
our advice
So the right attitude to adopt is to grow your business while continuing to work in parallel.
This will help you sustain financially and will provide you with a lifeline if your business does not grow so well. Of course, you can always quit your job if all goes well, it’s your choice.
Prioritize the area with less equipment requirement
If you don’t have money, you won’t be able to invest in stuff or equipment. Forget about selling products, unless you decide to make e-commerce into dropshipping. There you will not need to buy any stocks and you can work from home.
Otherwise, choose instead:
- service delivery
- Counseling
- Training
- business support
- Etcetera.
trying to create value immediately
When you start with 0 budget, it is better to be sure of your business model. Unless you have unlimited financial reserves, there will come a time when the fridge needs to be stocked. In this case, it is recommended to start an activity that you can start on your own, which is different and brings real added value.
Yes, it’s not obvious, but it is possible!
Recycle your personal devices
You definitely have the necessary equipment to start your activity. You don’t need to buy a MacBook Pro, the latest smartphone or a new generation tablet right away.
Your current desktop computer as well as your one year old smartphone will be more than enough for:
- build your site
- call possibilities
- send emails
- Manage your social networks …
If you really need to buy some gear, check out Le Bon Coin or go to a vintage store. Now is not the time to dip into your small savings.
Work From Home
There’s no need for a pretty, illuminated sign immediately in front of a room located on the Champs-Elysées. If possible, set up a professional corner in your living room, with a small desk and a few compartments for your papers, to answer freelance missions.
Think about it
Start with a Micro-Enterprise Position
For starting an activity with a budget of 0 Euro, micro enterprise status, which was previously self-employed, proves to be a good solution. You can start with 0 capital, you only pay social contributions if you have a business and don’t need an accountant.
Form
The advantage of starting with a 0 budget, and therefore 0 debt or investors, is freedom! So this is the right opportunity to gain training and expertise. Take the time to enhance your knowledge and update yourself on the trends in your business.
know
The time spent in training will pay off in the long run. Chances will trust you more if you have the training and never forget that the more qualified you are, the more your hourly rate can be revised upwards.
Ask your family and/or spouse for a helping hand
The behavior of those close to you is often unexpected when you announce your intention to start your business. You might be surprised by their urge to help you. Above all, don’t pray!
You have to be on all fronts to grow your business, you can also avail the help of your spouse, your retired father or your cousin who already has entrepreneurship experience.
Explore your network
To grow your business beyond your skills, you need to expand your network! To do this, start by searching for yourself (friends, family, etc.).
Here are some tips to help you grow your network:
join an online community
Join communities where you can meet like-minded people about the entrepreneurial world.
Furthermore, joining these types of groups can also give you valuable information about your potential customers in the future.
Develop partnerships with other companies
did you know
Many businesses are looking for relationships with people like you. You just have to reach.
The most important thing is to find a compromise that matches your professional interests. For example, you may receive a sponsored blog post in return for which you will help your supplier promote their brand by using your skills.
Attend events and conferences
Beyond the Internet, you can attend events related to your business to meet new people and expand your network. Maybe you’ll meet potential investors!
our advice
Prepare your business cards in advance so that you are ready to distribute them.
Contact up to 400 customers/month
Register at Codeur.com to be alerted when a customer is looking for a service provider with your skills.
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Look for Financing Options
Here is a list of potential investors interested:
family and friends
Present your thoughts to them!
do not forget !
You don’t ask for donations from people close to you. You’re going to be making a formal business presentation from a company with a detailed plan, so believe in yourself!
Local government offices and non-profit organizations
Getting and applying for a business grant is not easy. You really have a lot of competition and you have to meet many criteria.
However, when you answer to one of those, you can potentially get enough money to start your business on good terms.
public cooperation
Finally, there is crowdfunding. This method involves submitting your business idea online and getting it funded by multiple people through donations. In return, you can give them a profit relative to the amount they have invested.
Conclusion
We never said that starting a business with $0 capital is easy. However, with a little mischief and recycling (very trendy!), you can start your own business and make your first profit. All you have to do is reinvest them in customer acquisition and then get state-of-the-art equipment, a suitable office and why not, develop additional services.
What advice would you give to a freelancer who wants to start without a budget?