How can I start a business with no money and no cash?

Dear Friends,

Money should not stop a great idea of getting blocked, a scarcity of money is mostly the only reason why new business idea and plans are put on hold. It is always thought that the only path through which a new business can start and grow is by taking money from investor funding, but only funding does not work in every case. In reality, starting a startup or company, a small business with no cash or very less amount of cash is practically possible.

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First, a few success stories for inspiration

1. The USA residence construction company - Kingston Group, initiated the business by two close friends with cash in hand approximately $500 to cover licensing fees. 6 years later the company turned into a three million dollar business.
2. Richard Branson’s started his business in just 300 pounds he started his magazine ‘Student’, which acted as the growth for the whole Virgin Company. Today the company is worth 5.1 billion dollars.
3. Having accumulated 8000 dollars of their cash and taking loans, the 3 founders of Starbucks took their idea and started with it, converting the company into a billion-dollar company in around 10 years.
4. Billionaire founder of Topshop Philip Green started his business with 20 000 dollars He used the startup capital of 20 thousand dollars, to import jeans from Far East location to sell to retailers of London area.
5. Using 700 dollars loan, john Paul Deloria Co-founded the Paul Mitchell line of hair care products and went into becoming a billionaire successful businessman.

Four biggest costs to Consider When Starting a Business company and how to handle them

Although it is practically possible to start a company with no money, here are a few of the office costs that often stop businessmen from growth. Here are some of the difficulties faced by startups and how they can overcome these problems.

1. Cost of Supplies - Difficulties faced: This includes special machinery, equipment like the latest computers and laser printers, normal office supplies and raw materials. The high cost of purchasing all the equipment a company needs to buy can overall become very costly.

Solution: Avoid the stress by cutting down your needs as far as possible, searching for low-cost supplies wherever possible or slightly reducing down your product or services offered as much as practically possible in the starting.

2. Office space - difficulties: There are examples of some of the highly successful new startup companies in the world launched from a garage. Office space a very costly for any new startup, the cost depends on the area you set it up, and for a new company, it can become a big headache to handle cost, in the initial stage of the business.

Solution: Flexible co-working or virtual office space is a popular trend in individual business owners & professionals and entrepreneurs nowadays. Renting office space desk in a local business location more cost-effective for a new startup business, but flexible and shared co-working offices/virtual offices also allow you to use services on payment basis, this one can use as per their company requirement.

3. Mailing Address: I would elaborate more on Virtual office. For a new businessman, to start his business at a low cost, he can initially opt for Virtual office for mailing address. This will help the businessmen to receive and collect his parcels, courier, mail to his desired location, without missing out any of his mail.

• Virtual Office for Mailing Address:-If you need a Prime Office Address for the purpose of courier handling then virtual office in the solution for you. With the help of virtual office, you can get an address for mailing purpose at prime business centers anywhere in India.

4. Business Registration:- And when a requirement for business registration is there, then also a virtual office for business registration can be sued, which helps the startup to get the address at a prime location, to boost the image of the company and this address can be used on visiting cards and companies letters heads.

Virtual Office for Business Registration:-Register your business anywhere in India without a physical office address with a Virtual Office Address. You will be provided with complete documentation, prime location address, and all in-office services. Virtual Office address can be used for registering your business with MCA (Ministry of Corporate affairs) or local bodies.
Note:- Very useful for any company to get their Business registration done, anywhere in India, at a very low cost.

5. Virtual office for GST Registration in India:-, to get GST registration in any state of India, it is mandatory to have an office address in that particular state. There are times when most online business companies or startups do not need a physical office address because they just want to show their office presence in that state so that they can apply for GST registration, which is a mandatory requirement as the Government of India MCA. In this situation also Virtual office address can be used to get GST registration all over India.

Virtual Office Address for GST Registration:-Register for a GST number anywhere in India with the help of Virtual office. With a virtual office address, you will be able to register for GST for that location. Moreover, you will be provided with all necessary documentation like NOC, Agreement, Signage, Electricity Bill.
Note:- Very useful for companies, when they do not need a physical office, but only want Virtual office address in any state of India, for GST registration.

6. Marketing - Difficulties:- All great ideas need some forcer to grow, and marketing is the way to let your idea to be known to people in the business. It can be a website, online digital marketing, newspaper marketing, etc. When one starts to market his ideas the cost starts to increase day by day.

• Solution:- Use the power of spreading your business ideas through your family and friends. Tell your contacts about your new business idea. Personal Networking grows your business idea by only using word of mouth from your private network. One can log in Facebook for free and grow it up before you think of starting a website.

7. Business Licenses 

• Difficulties faced:- Research regarding the permits and licenses required to start in business in a particular area or industry.
• Solution:- some businesses done from home don’t require a license and some websites function in jurisdictions and are not required for certain products.

How to Run a Business with No cash

As it is virtually impossible to avoid any costs at all when running a business, there are some tricks and tips to keep them at a bare minimum and keep progressing ahead.

1. Use cash in creative ways:- Start by searching, about what we currently have, like money savings, mutual funds, one should only invest, which they can handle, even if they lose.

In the year 2008 Cynthia kersey threw herself a 50th birthday party and invited everyone personally known to her, by asking them each to donate $100 instead of giving her a gift. With that money collected, she launched The Unstoppable Foundation, a non-profit which provides children education.

The two founders of Airbnb managed to good amount of money for their business by buying cereal in bulk and boxing it with a clever name. They sold their Obama O’s at a Democratic National Convention for 40 dollars each and raised good amount of funds for a billion-dollar company.

Two more ways to get cash for a new company

1. Angel investors:- These are rich individuals who invest in startups in exchange they expect a share in the company.
2. Crowdfunding:- If you strongly believe your idea is good enough you can take it to masses and try to get funds.

2. List your contacts:- It’s not what you know it’s who you are connected. Start by making a list of your close contacts and think, how they could help you. Do you know someone you could exchange skills with? Maybe you know someone creates a website at a minimum cost or connect with their business contacts in return for your skills. You could even think of selling your services to raise your cash.

3. Start small and grow big:- Instead of starting a business with an all product or service offering, simply start small. This will reduce business stress very much. by focusing on specific product or services, one can save cash outlay. Offering a single product or service in the starting also helps you to focus on a specific target market, building your business and strengthening it.

4. Creativity:- Make something that you can sell on the internet. If the product is useful, then an online website like Amazon may just do the work for you by marketing and selling to their big large customer base. If you don’t make your own products, how about selling other products. Some of the biggest fashion eCommerce sites are based on this principle, curating and selling items to their own communities. If you have a skill or a specialty, all you need are the tools of your trade to start a service business, this requires very low investment and is a good way to start selling in the small local area.

5. Stop thinking of failure:- Fear is the biggest killers of great ideas. Don’t wait for the perfect day to start your business, and don’t let cash problem stop you from growing something that could be profitable in the long run.

Virtual Office uses Mentioned Below

1. Virtual Office for Business Registration:-Register your business anywhere in India without a physical office address with a Virtual Office Address. You will be provided with complete documentation, prime location address, and all in-office services. Virtual Office address can be used for registering your business with MCA (Ministry of Corporate affairs) or local bodies.
   Note:- Very useful for any company to get their Business registration done, anywhere in India, at a very low cost.
2. Virtual Office Address for GST Registration:-Register for a GST number anywhere in India with the help of Virtual office. With a virtual office address, you will be able to register for GST for that location. Moreover, you will be provided with all the necessary documentation like NOC, Agreement, Signage, Electricity Bill.
   Note:- Very useful for companies, when they do not need a physical office, but only want Virtual office address in any state of India, for GST registration.
3. Virtual Office for Mailing Address:-If you need a Prime Office Address for the purpose of courier handling then virtual office in the solution for you. With the help of virtual office, you can get an address for mailing purpose at prime business centers anywhere in India.

The cost of a Virtual Office Address starts at Rs. 1000/ PM.

For more detailed information contact us 24/7 —+91 8882702020