4 Tips for Launching Your Startup with Just $100
Thinking about launching your startup, but a bit low on cash? Well, traveler, writer and entrepreneur, Chris Guillebeau, is the author of the New York Times bestseller, The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future. Forbes Contributor Dan Schawbel interviewed Chris. When he asked the entrepreneur to share a story from the book about an entrepreneur who used $0 to invest in and create a successful business, Chris responded:
“Most people spent *some* amount of money, even if it was just the cost of a $50 business license or a $10 domain name. But far more important than money was the investment of sweat equity — taking the time to make something meaningful. Brett Kelly wrote Evernote Essentials, a guide to the free Evernote software. His initial goal was that it would make $10,000 over the course of a year. One year later, it had made more than $100,000. Initial startup costs were essentially zero.”
4 Tips from Chris Guillebeau on Launching Your Startup with $100 or Less
Here are four tips for you to follow if you’re interested in launching your startup with very little to no investment funds:
- Come up with a specific business idea. What service or product are you offering? Who will buy it? How will you get paid for it?
- Get started now. Stop putting off launching your startup. Give yourself a short amount of time to launch it… say about 30 days or less. Do whatever you have to do to meet that deadline. And, be sure to get a free PayPal for payment processing and design a free website through WordPress.com.
- Spread the word to everyone you know. For the record, we do not advise that you start spamming people. Instead, contact all of your friends and family members, and let them know that you’re launching a new startup, what it’s all about, and how it can bring value to their lives.
- Continue to improve your idea. Pay close attention to the initial feedback you get about your venture. Then, stay committed to making it better and better. Each day, make it a point to identify 1 or 2 things you can do to further your project’s development.
Ready to start launching your startup? Have you already launched it and are now ready take it to the next level? The EntreMarketing Group helps small business owners build successful brands and grow successful businesses online. Contact The EntreMarketing Group about scheduling a free small business branding consultation today.