1. Business Ideas
  2. Business Plans
  3. Startup Basics
  4. Startup Funding
  5. Franchising
  6. Success Stories
  7. Entrepreneurs
Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Learn more.
Start Your Business Startup Funding

5 Ways to Start a Business Without Money

business-finance-art-11112902 Dreamstime.com

Lot of people have great business ideas, but only a fraction of those would-be entrepreneurs ever find a way to finance their startup dreams. Small business loans are hard to come by and few people have the personal resources to finance a startup.

John Cerasani, an entrepreneurand author of "Paid Training" (Outskirts Press, 2011), offers tips on how to start a business without money in the bank:

  • Partner up – Determine your business’s niche or specialty and develop a partnership with an already existing company that your business can complement. For example, a graphic/web designer can align itself with a marketing company to enhance packages for potential marketing clients.
  • Outsource –If working with tangible products, a startup can eliminate the need for capital by outsourcing their products on a per-use basis. A company can wait until their product is purchased and then use that money to then manufacture the product.
  • Offer a service- A great way to start a business without any cash flow is to open a service-oriented company. Consultants and brokers have little need for office space and even less need for manufacturing products, leaving them with a company based solely on their expertise.
  • Angel investorsSift through your network looking for financial backers who can help start your business. These investing enthusiasts tend to have a love for promising small business ideas and can often help an entrepreneur get on his/her feet.
  • Group funding- Group funding websites such as Kickstarter and Chipin are another alternative. With a short profile video describing your business idea and fun perks for potential donors, entrepreneurs have a platform to raise funds without giving up control or percentages of their business.
Business News Daily Editor

Business News Daily was founded in 2010 as a resource for small business owners at all stages of their entrepreneurial journey. Our site is focused exclusively on giving small business advice, tutorials and insider insights. Business News Daily is owned by Business.com.