How To Start A Business Without Money


No Money needed?Is it possible to start a business with no money? Is it true that it takes money to make money in business? What business can I start if I only have very little money to get going?

These questions are some of the common emails I get from start-up entrepreneurs and employees in Zimbabwe and beyond. In fact many people have been waiting for years to finally have enough to start their business…most never do.

In this post I’ll provide you with resources, realizations that will help you overcome these hurdles in a big way…or at least get you going.

First you need to realize a few things about starting a business in Zimbabwe (or anywhere).

1)      It takes a lot more than money to start a business. Understanding this is important because it opens up your mind to the truth that your lack of start-up capital may not be your only (or biggest) challenge. Many focus so obsessively on getting the money to start-up, that they neglect other areas of their business creation. Have you done this? Money, skills, product/ services, processors and systems and of course a market. Actually, when you have all of these other things well planed and in place…money isn’t nearly as hard to find. Reason?

2)      The money to start your business already exists. Some forget this. Somewhere out there is someone – an individual or organization that would gladly give you the money you need to start a business, if you’ll give him a strong enough reason.  There is no amount of money people, the bank, investors won’t give you if you show them how they can win big by making your dream come true. It requires that you get out of the limited mind frame of how you will personally benefit and start to find out who else can gain if your business get’s off the ground. That’s where your money will come from. Actually, in my book Cash Baron Secrets, I explain in detail how this works, using the ‘four leverage keys.’

3)      It’ actually not money you need. Seriously. It’s what you can exchange money for that you need. In other words…if you wanted money to advertise, then it’s really the advertising you need, no the money. Get this in your brain. Once you do you’ll realize that money is not the only way to purchase a given service or product. Barter trade is actually the oldest form of exchange – all the way back since the first cave man swapped his spear for a slice of meat. You can do the same. In fact this is something I’ve done often and it can often bring the price of your purchase drastically down when you know how. What do you have to exchange for what you want?

4) Less money you have, the money you need of something else. As I’ve already said…money is a resource, and in many situations, it’s not the only resource that can do the job you need. However when your money goes down, there are a few things that must go up if you are to succeed in your business.

a) Clarity. Confusion wastes resources – especially time and money. Lack of focus spread out your resources to thinly. Be extremely clear on what you want, how to do it and by when. Be clear on who is doing what and how. Be clear on your strategy and the tactics you’ll use to implement it.

b) Education must go up. When you have nothing to waste, you’ll need to know how to maximize what you have. It take education to do that. No necessarily formal education (that’s been known to disadvantage some), but results based education. Find someone who has or is achieving what you want and take them for lunch. Pay them for consultation. Read good books. Get educated on how to produce results.

c) Time. Some times it’s possible to exchange time for money. Money speeds things up. What I mean is that instead of paying someone else to do the job, you may have to learn how yourself and that takes time. It’s not pretty, but it can work.

Now here’s how to get by with a tiny budget.

1)      Start a home-based business. A good many successful businesses are started that way. Have your meetings at a nice (but reasonable) restaurant or hotel – or even in your clients offices.

2)      Get into online marketing. It’s by far the cheapest and easiest way to get going for many businesses. And it can be extremely effective once you understand how. Dipleague, getmoreinfo, Zimboogle, classifieds – these are all online advertising services that offer free and cheap ways to reach thousands of people in Zimbabwe.

3)      Read this

4)      Subscribe to this blog! We’re always sharing smart ways to go about making your business a success. And feel free to browse the archives for posts you haven’t read. Knowledge is power in business.

As you can see, IT IS possible to start a business with no money…you just have to be smart and creative. There are a good many other things I’ll share with you perhaps later this week, but that should get you going. Finally, if you’re looking for a really smart way to use your money to start any kind of business in Zimbabwe – checkout the Bizsetup kit. Nothing like it.

Please add a comment.

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35 thoughts on “How To Start A Business Without Money

  1. Damn!

    This is some really good info here. I’m printing this one out. Do you do consultancy? How much would you charge me for an hour of yoru time to go through my business and advise on my marketing?

    You are my new hero!

  2. Thank you Max. This has been a big problem for me and these ideas are very useful – in fact your whole website is a wonderful and very welcome help.

  3. I have a registered company which is almost two years’ old, but have not been able to make any business all that time. My company focuses on ICT and Financial Consultancy, Imports & Exports, Motor Venicle Spares. Hardware, Wedding decorations and photography. Apart from the odd jobs to take photos at weddings, there has been no business to talk about. The company is registered with the State Procurement Board. I cannot afford to set up an office and administrative structures because there is no money to pay the rent or office staff. Am not sure how to proceed so I can get things going.

    I am in fulltime employment elsewhere but am prepared to resign if my business gets established and becomes self-supporting.

    • tawanda i think your main challenge that you are doing too many things at once some of which are really not related and neither can they be interconnected to support each other like a proper company. In order to get ahead you have to have a strategy for each of your divisions and whaever strategy you make it should have an impact on the general forwarding of your business. I suggest that you find your greatest strength which from what you said is the wedding and photography coz thats whats giving you income now. Focus on that and youu will get somewhere and then maybe diversify when you are big enough and can afford to expand to new things.

  4. Thank u Max, very helpful information. I’m trying to start something, I’ll definitely be asking questions:-)Stay blessed!

  5. Dude, were you reading my mind??? This is ssoooooo true. I have lined up and dismissed more than 6 business ideas because i thought they need to much capital. back to the drawing board….

  6. Great business advice and tool thank you Max, this is wisdom and I would to thank Ru Majoni for letting me know about this Link 🙂

  7. Internet Home Business can be initiated by interest in almost all areas. If you want to offer services, writing web content and design of Web sites can offer good opportunities

  8. Hei i need to start a business but i have no capital and i am a form 4 student at Milton so time is not really my friend. Wat can i do

  9. Hie Max. What agreat feeling and grand priviledge it is to finally have an online resource with a touch of the Zimbabwean business environment. It make me proud of being a Zimbabwean. You are up at the top with the best info portal on the web Im not flattering this is great man keep up the good work.

  10. After a rocky 2010 for my nursing agency in Scotland i decided to go back to college and take business studies. People say you don’t necessary need education to own a business but its true to a certain extent.

    I have a law degree, but since i have been in college completing my HNC in June, the amount of information i have learnt is vast and is greatly helping me, from Human Resources, to Spreadsheets and Customer Care.

    The added advantage i have over other student is that all my lessons are like practicals since i am running my business (es) at the same time, so everything that i learn i straight away put it into practice , i put it to test!

    I strongly encourage people to learn their trades, that’s how you get to specialise. They say experience is the best teacher but there are some things Mr Experience dont know that you can only get from the texbook.

  11. I love this. Can u help me in any way. I wish to start a call centre at home. Is it possible? What are the requirements in terms of equipment.

  12. Hi all ! : I am an Engineer by profession and would like to advise that you do not really need much money to go into mining and mineral processing.What you need is ability to design a growth route that starts where you are.Do not seek to start off like the big guys but rather seek to
    design and come up with Micro Process Plants that will take you to the Small Scale stage which in turn will take you even higher.

    Emmanuel

  13. Excellent beat ! I would like to apprentice
    while you amend your site, how could i subscribe for a blog website?
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  14. Howdy just wanted to give you a brief heads up and let you know
    a few of the images aren’t loading correctly. I’m not sure why but I
    think its a linking issue. I’ve tried it in two different browsers and both show the same outcome.

  15. I rarely leave a response, however I browsed a ton of remarks here How To Start A
    Business Without Money | Bizsetup Group. I actually
    do have a couple of questions for you if you do not mind.

    Is it only me or does it look like some of the remarks look like they are
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  16. A motivating discussion is definitely worth comment. I believe that you
    need to publish more about this topic, it might not be a taboo subject but typically people
    don’t talk about these issues. To the next! Many thanks!!

  17. Howdy! This article could not be written any
    better! Reading through this article reminds me of my previous roommate!
    He constantly kept talking about this. I will forward this information to him.
    Fairly certain he’s going to have a good read. I appreciate you
    for sharing!

  18. Comments end in 2014! Has nothing been going o on this site in 2015 up to current, May 2015?

  19. Thanks to Max. The ideas are brilliant, perhaps more detail would add the icing to the cake.

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