How to Become an Entrepreneur with no Money10:50 AM
The age old question, how to become an entrepreneur and ‘start a startup’ with no money. Succeeding...
The age old question, how to become an entrepreneur and ‘start a
startup’ with no money. Succeeding in a startup is difficult in normal
scenarios, but without the financial resources you will have to play
smart, different and hard to take yourself to success. Needless to say,
there are no guarantees in this game and the road will not be easy.
First of all, when you say “no money” – be very very sure that you have gauged the situation accurately. Too often, people are reluctant to take any risks and self-validate it by thinking that they don’t have the money to do anything. Well, this only means that you don’t have any confidence in your idea and if this is the case, then chances are little that anyone will else will put money where even you can’t.
Risk is a part of startups – you will have to embrace it, whether you like it or not.
Plenty of entrepreneurs have spent months eating cheap food and sleeping on couches while working on their startup. But it is quite possible that your “no money situation” = “have money for other things but not for investing on my own idea”. And if this is the situation, this article will not be of much use since you will have to first introspect what you really want.
Either way, chances are that however much money you have – the startup will require a little bit more. So you must learn to stretch a dollar as much as possible.
Here are some strategies to do the same: