How to Start Your Own Business on a Shoe-String

A question I get all the time is “How Can I Start My5. Your overhead expenses will be low since most of
Own Business on a Shoe-String?”your business will be digitized
The answer is go virtual6. You will maximize your business profits. By lowering
The reason I prefer a virtual business is because:your daily expenses, you get to keep more of what
1) You can get free open source applications thatyou earn
make it easy and inexpensive to start a sophisticated7. The risk is much lower than a traditional small
and sustainable businessbusiness. You don’t have to lock yourself into long
2) You can launch fast and aggressive onlineterm leases, furniture, equipment and the endless
marketing campaigns at little to no costrequirements of a small business start up.
3) You can be up and running and start selling globallyThe secret then, to starting a Business on a
in little to no timeShoestring, is to start a virtual business. You don’t
This means you can work from anyplace, at anytime,need major start up capital. You don’t need
at any pace. All you need is a computer and internetinvestors. You don’t need to risk months or years
access to get you going.trying to break even. You don’t even have to
The benefits of starting, managing and growing agamble your savings.
virtual business are endless.To be honest, many people go into business and
Here are some of the top reasons:realize that running a business is not for them. With a
1. You can work from home, no more babysitters orvirtual business, your initial investment is so low, that
missed golf gameseven after you launched a business, if you realize it is
2. No more giving up your personal life to run anot for you; walking away from it will not break the
business. You can schedule your day and your workbank. Compared to a traditional small business venture,
around what matters most to youyou would have lost very little trying out your new
3. You can hire people from any place around theventure.
globeYou can see an example of a real sustainable,
4. You can have virtual employees on a per needsuccessful virtual business (100% virtual and paperless)
basis. No more worrying about payroll, benefits and theat groupbenefitagency.
endless requirements of running a full-time workforce