If you have dreams of starting with a simple notion and turning it into a billion-dollar industry in under a year, chances are you’re getting a little ahead of yourself. But, you don’t need deep pockets or a fancy set-up to start a business. You can begin with nothing more than a great idea and a little support from like-minded individuals. And if you’re looking for some inspiration or motivation then just have a look at these 4 info-graphics.
No Money, No Problem
The first thing entrepreneurs often think they need a ton of right out of the gate is money. Marketing and SEO are two of the most expensive aspects of starting a business, but the advent of email marketing and the use of social media for brand-building have helped businesses reach a wide target audience without spending much and have influenced purchasing decisions.
On top of this, there’s a whole host of SEO tips and tricks available to business owners that can get their websites noticed and give them credibility.
According to this Forbes article Appster began with an initial investment of $3000, and Carol Craig of Craig Technologies started with $150 and is pulling in nearly $45 million a year today.
If you don’t have a hefty life saving lying around, there’s more than one way to gain moderate amounts of capital without generating business revenue first, which is good news, because according to below infographic by QuickBooks, 64% of businesses start with an initial investment of $10,000 or less:
You Don’t Need a Huge Office to Get Started
Google, Apple, HP, and Amazon all started in a garage, and Craig Newmark of Craigslist worked out of his living room for the first five years.
Having access to a fancy office building may seem necessary, but a space to work is really the only crucial part. You may be going after customers that you need to impress, but waiting until you have enough money to acquire an impressive home base is not the way to get them.
No matter what service you’re providing or what product you’re selling, you can start with little more than a single room. Some of the biggest names began in unconventional places, as this Washington State University infographic illustrates:
No Time? How about 30 hours per week?
The third thing most people don’t think they have enough of is time. While there’s no way to launch a successful business without a substantial time commitment for the first several years, it’s not necessary to quit working altogether and sink everything into a business.
It’s possible to start planning, developing, and implementing in your spare time and then save the satisfying show of saying goodbye to your boss for good for when your business is stable. Rest assured, if you have passion and determination, you have the time:
It’s Now or Never
No matter your perceived limitations, there are steps you can take to get your dream off the ground right now. The last thing to consider is this infographic, which describes the anatomy of a successful entrepreneur, and says nothing about money, space, or time:
Are You Going to Start a Business This Year?
We sincerely hope these info-graphics will help you to start a business. With crowdfunding, shares spaces, co-working spaces and many other facilities it’s now easier than ever to start a business so you have absolutely no excuse not to pursue your dreams.
And finally keep in mind that ideas are cheap, its the execution that matter.