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How to start a business with not much $$$ By Robin Low

How to start a business with not much money

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bootstrap finance + other ways to start business with not much money

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Page 1: How to start a business with not much money

How to start a business with not much $$$

By Robin Low

Page 2: How to start a business with not much money

Finding large funds is hard

Page 3: How to start a business with not much money

Yet every project needs money

Page 4: How to start a business with not much money

How to fund it yourself?

Page 5: How to start a business with not much money

1) Pre-payment

• Collect $$$ before making product.

Page 6: How to start a business with not much money

2. Sell cheaper alternatives to raise funds.

• Sell an item related, but lower cost that you can afford. Use profits to slowly buy actual products

Page 7: How to start a business with not much money

3. Profit Ploughback

• Start small, use profits generated to buy more and scale up.

Page 8: How to start a business with not much money

4. Consignment

• If you are getting products, it is possible to sell first and pay manufacturer after the sale.

Page 9: How to start a business with not much money

5. Leasing

If you need own equipment, you may consider leasing instead of purchase, especially if there is a maintenance built in lease package.

Page 10: How to start a business with not much money

6. Trade Credit

• If Consignment is not available, trade credit is the next best thing, where you get the products first and pay back 30, 60 or 90 days later.

Page 11: How to start a business with not much money

If possible• Avoid the Need for Financing • Avoid the Need for Funding