I Started a Business With No Money – and You Can Too!


If you’re daydreaming about starting your own business but your bank account disagrees, don’t give up just yet! Starting a business with no money might seem like a fantasy, but believe me, it’s not as outlandish as you might think.

Too many people fall for the idea that you need a lot of money to kick off a business, but there are countless ways to make your entrepreneurial dreams a reality without breaking the bank. And it even has many advantages to start a business without investing a lot of money: you will be forced to be more resourceful, you will value your time much more and you will have a higher motivation to get results. Because every cent you earn is yours and not going to a bank or an investor.

This piece is for all you dreamers and doers out there in America, wondering how to start a business with no money.


1. Bootstrap, Baby: It’s All You

First on the list is bootstrapping, the go-to approach for many brave souls entering the business world. Here, you’re funding your business baby with your own savings or personal assets. Terrifying? A bit. But the upside is you’re the boss – you get to call all the shots.

Take Sara Blakely, the bold entrepreneur behind Spanx, for example. With just $5,000 in savings, she birthed her billion-dollar baby without a penny from external investors.


Things to ponder:

  • Are you okay with taking some financial risks?
  • Do you have enough savings to cushion your business in the beginning?


2. Crowdfunding: People Power

With the rise of crowdfunding platforms like Kickstarter and Indiegogo, your lack of funds doesn’t have to hold you back. In fact, it can even be a strength. You’re not just raising money – you’re rallying a community around your idea.

Just look at Oculus VR. They started with a humble Kickstarter campaign and ended up catching Facebook’s eye, selling for a cool $2 billion. Now that’s people power!


Things to ponder:

  • Got a quirky or eye-catching idea?
  • Can you hype up your idea and attract crowds?


3. Buddy Up: Two (or More) Heads Are Better Than One

Sometimes, your easiest route is to find a partner with deeper pockets. They handle the finances, while you work your magic on operations. It’s teamwork making the dream work.

Consider Warby Parker. This fashionable eyewear brand started with four friends who combined their cash and skills to launch the business.


Things to ponder:

  • Do you have a friend or associate who shares your vision (and has the dough)?
  • Can you play well with others in a business setting?


4. Sell Your Skills, Not Products

Starting a service-based business can be an easier route if you’re short on cash. Here, you’re trading your skills – not products. Graphic design, consulting, or freelance writing – these ventures can kick off with little to no upfront costs.

Check out John Rampton. This enterprising guy started his consulting business from scratch, growing it into a thriving venture without any startup capital.


Things to ponder:

  • Do you have a skill people would pay for?
  • Are you ready to sell yourself and build a clientele?


It’s true that cash flow problems sink about 44% of business failures (Skynova, 2022), but you don’t need to be a part of that statistic. These strategies should help answer that pressing question: how can I start a business with no money? Weigh the options against your situation, and you can find a path that suits your ambitions.

In the end, it’s not just about the money. It’s about your spirit of innovation, your tireless dedication, and your ability to bounce back. These are the things that turn dreams into reality. So go on, grab these opportunities, and start the adventure of a lifetime!