How to Start a Small Business When You Have Virtually No Money

In a perfect world, we would all have unlimited capital to fund our dream businesses, never having to worry about money. That is not reality. Most of us have to be a little creative when it comes to finding the money needed to start a business. The good news is that it's possible to start a small business with very little financial investment. But before you read any further, take a minute to make sure you qualify your business idea to confirm that it's worthy of your time and attention.


If you are confident that there is a need for your business, that your products and services appeal to the right market and you already have a unique selling proposition that sets you apart from the competition, then read on for ways to cut costs when starting a business.

Should You Use Other People's Money to Finance Your Small Business?

It can be extremely challenging to find the money to start a business. In fact, this is one of the biggest hurdles most entrepreneurs face. There are many options -- small business loans, investors, small business grants, self-financing, crowdfunding -- but the process of zeroing in on the one funding option that is best for your business may not be a clear cut process.

So, what are some things you should consider when you’re looking for capital to start your business?

The biggest question is: should you fund your business yourself, or should you use other people’s money (OPM) to get your business off the ground? Here is a look at each option.