How To Start a Business With No Money: 5 Easy Steps – GOBankingRates

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You have thought about it over and over in meetings that could have been an email. The idea of starting your own business doesn’t have to remain a fantasy. People start businesses every day, and — with the right plan — you can do it too, with no startup money.
In former years, if you didn’t have a massive budget to start a business, it seemed like an impossibility. Now, with social media, crowdfunding and other far-outreaching connections, the world may be smaller, but the possibilities are bigger. So how do you start a business with no money?
More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today.
Harness your entrepreneurial energy by honing in on your idea for your business and turning it into a reality. There are many paths to success, but if you take these steps, you can start your business without going into a massive amount of debt.
By shopping your business idea around to friends, family and former colleagues, you use them as a sounding board to figure out what ideas are landing. Your trusted circle will tell you the truth and help you edit all of your pitch ideas into a fine-tuned final product. You only get a lot of answers by asking a lot of questions.
This is also a good way to tap into free resources. Mentors, people in related fields and free public resources are a great way to build a foundation on which your business can grow. There is a reservoir of information available if you just know where to look.
Choosing your business name and brand is an important step, as it is the identity of your company. Make sure it is something easily recognizable and understandable and that it will translate to client collaboration. 
When outlining your business plan, it helps to ask yourself questions you then have to answer. The answers will quickly become the outline for your mission statement.
Your branding is everything your clients or customers will hear, see and feel about your business, so having intention in every detail goes a long way.
Just because you are building your own business doesn’t mean you have to do it alone. Whether it is seeking out mentors or other experts in the field, you would be surprised how many people will say yes to a coffee meeting. It never hurts to reach out to someone from whom you can learn.

Be active in pursuing like-minded communities, as community wins over competition any day. There are many free places to find your people.
Having a space where prospective customers can reach you is essential to growing a new business. Many sites help you design your website from a template and some are available at no or low cost — though you will have to pay for your domain name. You can also start accounts for free on all major social media platforms. Once you have established your brand and company name make sure to secure everything you need via the web.
Once you have your website and socials all up and running, you can immediately start making money if your company is service or product based. Here are a few example areas where you can start right away.
Once you are ready to start your business, you may get to the point where you need a slight cash infusion to get rolling. Outside and alternative funding is a great way to boost your budget, for as much as it takes a village to raise a child, it can also take one to start a business. Don’t forget — you are surrounded by sources where you can ask for support.
With today’s technological advances and wide-reaching global connectedness, starting your own small business is more of a possibility than ever before. Once you have a firm grasp on what you want your business and brand to be, there is nothing to stop you from achieving your goals, not even money.
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