No Money to Start a Business? No Problem. Try These 5 Options.

You might be limited to a strict budget when you want to start a business, but that doesn’t mean you don’t have any options. It is possible to start a business with very little money, if you have the right combination of skills, work ethic and marketing know-how.

According to Chris Guillebeau, author of The $100 Startup, “To succeed in a business project, especially one you’re excited about, it helps to think carefully about all the skills you have that could be helpful to others and particularly about the combination of those skills.”

Follow these simple guidelines to start a business when you have little to no money.

1. Make something.

Yes, making something does take an initial cost in supplies, but oftentimes, these products can be sold for many times over their actual cost. What you decide to make is up to you, but there are several places you can sell your handmade options online:

  • Abe’s Market deals in natural and organic goods, such as lotions, candles, granola, and more.
  • Etsy is one of the largest online markets for almost anything homemade, from jewelry to wooden toys for kids.
  • Bonanza is another growing handmade marketplace, similar to Etsy. According to PC World, it boasts over 10 million visits per month.
  • eBay is one of the biggest online ecommerce marketplaces in the world, and its streamlined store options, easy checkout through Paypal, and customizable listing options make it a great choice for selling items.

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17 Ways to Know You Were Born to Be an Entrepreneur

Being an entrepreneur is hard. Really hard.

You put everything on the line: your talent, your creativity, your ideas, your money, and yet you still do it, sometimes again and again.

That’s why your friends often don’t understand. (Sometimes even your family doesn’t understand.)

“Why don’t you just play it safe and get a job?” they ask. The next time people ask, show them this.

Here’s why you’re an entrepreneur:

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7 Film Biographies to Inspire Every Entrepreneur

3 Fundamentals Learned the Hard Way About Generating PR for a Startup

Movies are a great source of inspiration, and while there is no dearth of good fictional movies, what really inspires me are biographies. Fiction requires a powerful imagination and have strengths of their own, but true stories are the ones that make the real kill.

It is an awe-inspiring feeling to know what I am seeing did ‘actually’ happen, with real people, in the real world. So, with enormous difficulty, I am listing down a few among the many great bio-pics that I would recommend every entrepreneur to watch and learn from:

1. Tucker: The Man and His Dream

It recounts the life story of Preston Tucker, the automotive genius behind ‘Tucker 48’, a car which was way ahead of its time. In fact, many of the safety features that you see in contemporary cars were inherited from original Tucker 48 sedan.

Many of you might not have heard of this powerful biography, but some of its scenes are worth watching at least a few times. As young startups try to stand tall against incumbents, Tucker stood against all major automobile manufacturers to fight for this dream.

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Who’s the Richest Person in Your State? Chances Are, It’s an Entrepreneur.

Keeping up with the Joneses much? If you are wondering who the richest person in your state is, start with the entrepreneurs.

Of the 50 people in the U.S. who rank as the wealthiest individuals in their state, 35 are entrepreneurs, according to a report released today by Wealth-X, a Singapore-based firm that compiles research on the ultra wealthy, and financial services giant UBS. In other words, more than two-thirds of some of the country’s richest people made their own fortunes.

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7 Risks Every Entrepreneur Must Take

Risk-taking is almost synonymous with entrepreneurship. To start and support your own business, you’ll have to put your career, personal finances and even your mental health at stake.

For most, the prospect of making your own decisions and being in charge of your own destiny is worth it. But if you’re going to be successful as an entrepreneur, you have to be prepared for the risks and challenges that come with it.

The following are seven risks that every entrepreneur must take, from ideation to ongoing development:

1. Abandoning the steady paycheck.

Before you venture into the world of business ownership, you’ll first have to say goodbye to your current job, and in some cases, your career. Some people have the luxury of a backup plan — an option to resume your career in case things don’t go well in your independent business.

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How to Think Like the Best Entrepreneurs Do

If you take a quick look at the world’s most successful entrepreneurs, you’d probably conclude there isn’t much to be learned from studying them. The paths they took to become Amancio Ortega (Zara), Larry Page (Google), and Oprah Winfrey (Harpo) are as unique as they are.

But–and it’s a huge but–while their behavior is idiosyncratic, their thinking is not.

A study by Saras D. Sarasvathy of the University of Virginia’s business school shows that serial entrepreneurs–people who have successfully started two or more companies–typically follow the same approach. And if it has worked for them, it may very well work for you.

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Mark Cuban’s 12 Rules for Startups

6 Things Mark Cuban Says You Need to Be Great in Business

1. Don’t start a company unless it’s an obsession and something you love.

2. If you have an exit strategy, it’s not an obsession.

3. Hire people who you think will love working there.

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