- Whether you have money or not, your most important assets are your skills and experience. Instead of trying to do start a business where you have no experience or must invest money, start a business based on what you know. If you are a math whiz, become a math tutor. If you are a skilled sales professional, start a commission sales firm.
- Hiring employees means adhering to employment laws, paying employee taxes and paying your workers by the hour. If you absolutely cannot get your business going by yourself, consider finding a business partner. Look for someone who possesses the essential skills you need, a person with a good attitude and an entrepreneurial drive. By working together in partnership, your business could prove successful.
- No matter how good your product or service is, you will never be able to sell if no one knows about it. Conventional advertising can be quite expensive; to get the word out, engage in guerrilla marketing. Guerrilla marketing utilizes inventive, creative, low-cost methods to draw attention to a product. The simplest type of guerrilla marketing is a banner placed in a public location. With the rise of the Internet, viral videos have become one method for attracting customers. Explore your social media options to help spread the word about your enterprise.
- If you have an idea you believe will be successful, but you need capital to get it going, then consider finding financial backers for your business. Though conventional lenders and venture capitalists might not invest in your idea unless you invest a substantial amount yourself, you might be able to find an angel investor interested in providing financial backing.