Start a Business Without Money

Published: Jan 17, 2005

Application

Write a business plan for your eyes only.

Writing a business plan will focus your direction, your accomplishments and, strengthen your resolve to be an entrepreneur.

A generalized or all-embracing plan could have subsets of plans for each of the following phases.

Phase 1

List all the ways to earn revenue without any investment.
Discard unrealizable schemes to a "Someday" or a "Considered / Dismissed" file.
Select only those which can be started without any cash investment.
Some revenue producing activities:
- Sell a service not requiring supplies and equipment you do not own.
- Sell something you already own, a popular practice on eBay.
- Sell something for someone else or a product received on consignment.
- Take a part-time job for saving all resulting income.
Prioritize and schedule the "winners" for implementation.

Phase 2

Phase 3

Begin writing business plans for the subsequent or "next best" ventures on your list.

Phase 4

If appropriate, launch additional ventures for market testing and other purposes.

Phase 5

Treat this as an idea rather than a blueprint. The concept is to proceed with earned revenue.

Stories from members will add great value to these maxims.

Please post your story by emailing it to max@unclemaxsays.com.

Earning your place among the ranks of successful entrepreneurs.
Developing in yourself the ability to earn revenue, the habit of saving part of what you earn and, to acquire entrepreneurial experience.
Developing a track record that attracts many supporters.