Starting A Business (With Minimal Resources)

I have had several people tell me that they want to start a business but do not even know where to begin. Honestly, it can be pretty overwhelming if you don’t have any steps to follow. Thus, what I am going to share with you here can serve as guidelines for you.

Be sure that what you intend to do is your passion.

Don’t just jump into any business because it’s a fad, your friend made money out of it, you think it’s going to make money, or whatever reason other than it being your passion. So before you even think about setting up your own business, ask yourself the following questions: What do I love to do? What do I enjoy doing? What am I really good at? What am I most experienced in doing? From here you will know what your passion really is. And if the business you are thinking of setting up does not fall in this category, forget it. It is not going to work.

Work with what you got.

Do not even attempt to think of thousands or hundreds of thousands if all you have are hundreds. I am not talking about financial projections here but where you are to begin. If all you can spare is $500, then work on that. If all you have is a computer and phone, then work with what you have. Start with what you have, not with what you don’t have. Then work your way from there.

If you need top-of-the-line equipment, look for slightly used ones for sale instead of buying it brand new. Keep your costs low.

Invest wisely.

Whether you plan to borrow money or you have enough savings to start with, learn to invest wisely. Write down everything you need, and prioritize.

Your priorities should be your main business tool or equipment, as well as your promotional tools.

Find out what business laws you have in your city/state.
Some cities/states do not require you to register a business unless your gross yearly earning is over $12000. If this law applies to your location, and if you are not sure how much money you will be making on the first year, then don’t register your business yet. Test the waters first and work your way from there. As far as I know, if your business is not legally registered, you are only allowed to use your name and not any other name for the business.

One way to really start low is to experiment first. If you plan to venture into a food business, try cooking from home and sell your food to your neighbors and friends. If you want to do wedding planning, then let your friends know and do their wedding planning for them, for a very minimal cost. You can even do it for free. This is a good way of building up your credentials.

Get all your tools ready.
Other than the equipment, furniture, supplies, and other things you need for your business, the ‘tools’ that you need to prioritize are your “promotional tools”. These include your business card, website, flyers, business sign, letterheads, brochure, social media, etc. The kind and extent of promotional tools you need will depend on the type and size of business you are thinking of. The basic promotional tools for any type and size of business are business cards, website, brochures, flyers, and social media. Do not even attempt to start a business without these tools ready; otherwise you will be like a soldier in battle without his ammunition. Likewise, do not attempt to do all these yourself unless you have the skills and experience in doing so.

And don’t forget the most important tool of all: your business plan. This is your blueprint – where everything about your business lies. It is what you will need to apply for a loan, to apply for a grant, and to create your promotional tools.

Leave your promotional tools in the hands of those who are more equipped to do it. This is where I can be of help to you.

Promotion is the key.

Once you have all your promotional tools ready, it is going to be easier to promote your business. Have your business cards with you at all times and give it to anyone you meet. Your business card should already have your website and social media addresses. Flyers help a lot when you are promoting a product or a service that is better presented through visuals such as photography, weddings, flower arrangement, etc. Brochures are most effective if your target audience are groups of people such as church, organizations, corporations, etc.

Utilize every opportunity and connections you have. Keep promoting!

Build relationships.

Repeat business is the biggest indicator of a good business. And the only way people are going to refer you to others, or do business with you again, is if they are satisfied with what you provided them with. Customer satisfaction is not so much how good your product or service is but how good they felt about you and what you did for them. It is all about the relationship that you build with people.

Integrity counts the most.

Integrity is more than trust. It is the result of consistent trustworthiness. It means that you walk your talk… you deliver what you say you will do… you stay committed to your commitments. When you have integrity, customers will prefer you over your competitors. They will choose you because they know that they can rely on you, whatever happens.

Work harder than an employee.

Some people who are considering setting up their own business think that if they do this, they can relax and act like the big boss who seems to do nothing but walk around. The opposite holds true. Since you are your own boss when you have your own business, you really have to operate like a boss. And bosses are not just walking around. They are the ones who do almost all the thinking, problem solving, decision making, financing, networking, and all the more difficult and tedious mental tasks. Add to this working like the hardest working employee you can ever find. In short, you are the boss and employee at the same time, unless you plan to hire people under you.

Stay committed and consistent.

Once you start a business, you have to remain committed to it. It’s not an experiment that you can just start, and then end when it does not work in a few months. You can’t be dictated by your emotions. You have to get going no matter what happens. This brings us back to what I said in the beginning of this article — find out what your passion is.

Starting a Business for Beginners: The Fool-Proof Internet Marketing Plan

If you find your search the web for “starting a business for beginners”, then no doubt you’re looking for an easy way to evolve from employee to entrepreneur, and perhaps a home based business opportunity is what you’re looking for.

Of course, there’s no such thing as a business without investment…

However, thousands of people have found their way out of the “crab trap” by discovering how to market online.

While we all look for step by step instructions in the beginning, let me just say that, as an entrepreneur, it will serve you well to start thinking outside the box…

When you constantly look towards others for approval or questioning what to do next, then you’re operating inside the box – and that’s an employee mindset.

Having said that, I will lay out for you a “starting business for beginners” checklist to follow to set you off in the right direction…

1) Training for how to market online is mandatory.

Assuming you would like to operate a home based business opportunity, the easiest and most cost-effective way of doing this is to learn how to market online. However, whatever it is you choose to market, you’ll get nowhere without the proper training.

Network marketing companies especially are notorious for not advising their distributors how to market… they are known for recruiting newbie after newbie full of hope, but does not have a clue how to sell or recruit.

You can’t just go off and start running blind on these things – having no plan is the same as planning to fail!

2) Market the training.

Whether you already have a passion for a home business idea or not, you’ll be a step ahead of the game if you decide to market the training itself. There are hundreds of different online training courses out there – and, once you buy it for yourself, most will off you a commission for simply promoting the link online.

If you’re using the training as “bait” to capture a lead to get them into the deal that you’re really passionate about, marketers call this a funded proposal. If you choose to market only the training products, this will limit your overhead substantially, because there’s nothing to buy and stock up on.

And, when you’re first starting a business online, be sure you have another income source!

3) Work your new internet marketing plan part time.

Starting any business at all is always a risk, so you can imagine how you should be cautious about jumping in head first when starting a business for beginners!

Remember that there is no such thing as a business without investment, so you’ll need to be working at something else to build capital while you grow your business.

4) The best internet marketing plan will pay you 100% commissions after business expenses.

This means that you first get the commissions – 100% – as you would for something digital you might create yourself that can easily reproduced digitally – and then you take a portion of that and put back into your business for administration and marketing.

An example of administration costs would be the costs for your merchant account to funnel money to your bank account. It’s advised that a good marketer should invest 20% of his profits back into the business for marketing.

5) Up-sell your stuff.

It’s been proven time and time again that it’s way easier to sell more products or services to an existing customer than it is to get another customer. Here again is why I lean strongly towards learning how to market online… Because, with a good internet marketing plan, up-selling features can be promoted on an automatic basis.

6) Create professional capture pages.

The “capture page” is also called the “landing page”, because it’s where your prospective customer first “lands” on the internet when searching for your keyword phrase. In this case, however, I’m using article marketing, so you would first land on my article or blog when you search for “starting a business for beginners”… And then, once you click on one of my links, that’s the landing page.

A good professional landing page has professionally worded “ad copy” (marketer’s lingo for compelling text that touches people emotionally.) It will sometimes also contain a short video.

“But wait a minute”, you say, “I thought this was supposed to tell me how starting a business for beginners could work for me… and this is a bit overwhelming”…

I know… don’t worry – no need to get overwhelmed…

Just remember that no one is born an expert internet marketer, and there’s always a learning curve. But once you commit to learning, there’s no greater reward than learning how to market online and helping others do the same! There’s even an internet marketing system out there that’s actually designed for starting a business for beginners!

How to Start a Business – The First Steps in Starting a Business

The internet has made starting a business from the comfort of your own home more possible now than ever before. Although there is nothing easy about being an entrepreneur, it is common knowledge that the outcome of starting a venture is very rewarding. The most difficult part is actually getting started. Some people have business ideas that never leave their notebook. Others just want to own a business but don’t know where to start. Here are some steps to take in your early planning stages.

1. What are you good at? Not referring to what you would like to do but what are you good at now? Do people like your pumpkin pie? Are you a really great accountant? Do you have team building skills that are out of this world? Sometimes we take our own talents for granted because we use them everyday. However, talents can turn into marketable skills that people will pay for.

2. How do you intend to fund your business? Nothing in the world is free. It takes money to make money. Starting a business will need investing. Don’t let having a small amount of capital or not having any capital at all stop you from moving forward. You will invest lots of time when there is not that much money. Having large amount of money to invest still requires time in due diligence to make sure you are hiring the right team to get the job done.

3. Dead set on becoming an entrepreneur but don’t think you’re good enough at anything? Everyone has a skill set, you just haven’t identified yours yet. Think about things that you like and consider start a home based business that offers these things. Home based businesses, also known as direct sales or network marketing, link personal development and growth directly with success. With a small investment, usually less than $500, you can have a ready-made business and become profitable in days. The hugely successful in direct sales usually venture off and start businesses of their own after discovering their hidden talents, learned how to run a business, and now have earned enough money to invest in themselves. Direct sales is a great place to start.

Becoming an entrepreneur is not a journey for the faint at heart. It all starts with an idea, just like anything else. Figure out what your skill set is and focus on turning something that you’re good at into a business. Decide how you can invest into your business. Be it time or money, you will have to invest something. If you do not think you have any business ideas, start with a network marketing company to jump-start your business juices.