How to open a new business without any money? Well, you do not have to have any money to start a small business. However, the first step to starting a small business without any money is to hold on to your current job and start your small business only as, until, you are able to earn a good enough income that allows you to buy or rent your own place and become your own boss. There is no need to jump ships just because the winds are blowing a little bit against your current employment. A small business would not be successful if you simply started it out of the blue. You would probably fail, even if you had the money.
Once you have determined that you are willing to go ahead and start a small business by yourself, you need to do some research and planning first. This means knowing your dream business idea, finding out what your skills are and developing them, and then researching the competition. You need to find out how you stand compared to your dream small businesses and your salary expectations. All this research will help you make a well-informed decision when you finally sit down and start drawing up your business plan.
Of course, having a great business idea is not enough. A small business owner needs to be highly organized, if he or she wants to succeed. If the idea is great but the person is not organized enough to make it successful, then the business won’t be very well run.
When you have a great one-page business plan, the next thing that you need to do is find someone who is willing to act as your coach. Why a coach? It is not that he or she is bad. Many small …