5 Reasons You Don’t Need as Much Money as You Think to Start a Business

September 7, 2017
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Have you ever wanted to be the boss of your own company but you always ask “where would I start?” It’s true, starting a business can seem financially unfeasible, but the reality is many people think it costs far more than it actually does.

Jason Demers of Entrepreneur wrote a five reason guide to setting up a business for less.

“Most things you’ll buy in a business can be created, for free, with enough investment of time.” Demers says, “for example, you could pay a firm or an in-house professional to build your brand through marketing and advertising, or you could spend a few dozen hours learning how to do it yourself. Similarly, you don’t really “need” to hire someone new. You can take on those responsibilities yourself and double your working hours.”

Careful planning and work can take the place of capital in many cases as he explains. His article suggests creative ways to save money while building a thriving business.

“I’m not arguing that money isn’t an obstacle, or that money shouldn’t be a concern. In fact, it’s a good thing that you’re fiscally responsible enough to assess the financial straits of entrepreneurship. However, money isn’t the solution to every problem, and starting a business could take less money than you think.”

Take a look at everything he had to say at entrepreneur.com.

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