| When you set out to start a small business it is | | | | complicated either and in fact, I would say it is almost |
| because you are either short on cash or you simply do | | | | easy (almost). |
| not have such a great appetite for risk. | | | | The answer cannot be straight because there are |
| However, the first problem we face when we think | | | | several steps you must follow internally as an |
| about starting a small business is what I call a violent | | | | entrepreneur before you can reach it: |
| reality check: you still need a lot of money to get it | | | | First, you have to move away and forget all about the |
| going, usually well above $20K or even $30K. | | | | traditional business model and pursue other ways to |
| So, small? Not quite. | | | | do business even if they seem unlikely to do the trick, |
| But it does not end there, because the other problem | | | | because in those somewhat "peculiar" alternatives you |
| is that after you put that kind of money at stake, you | | | | will find a lot more than you would spending 30K while |
| will not necessarily make millions but more likely a small | | | | you reach your goals with less risk and way faster. |
| profit after paying for employees, equipment, location | | | | Now that you have opened your mind and |
| etc. | | | | entrepreneurial spirit to a new approach, then it is time |
| This is the harsh story of setting up a small business | | | | to tackle effective ways to generate revenue online, |
| through the traditional model, that is, a franchise, a small | | | | which will give you the ability to start, operate and |
| store a t a mall, a bakery, etc. In all of these examples | | | | execute a complete business plan right from your |
| you will need a lot of money and you will have a lot of | | | | computer. |
| expenses that will be a constant threat to your | | | | Therefore, if you really want to make serious money |
| profitability. | | | | by starting a small business -one that you can start |
| Therefore, how do you go about starting a small | | | | with a few hundred dollars or less- you must commit |
| business -a really small one that is- with an actual | | | | to turning the internet into your building ground. This |
| potential for meaningful profits? | | | | way, you will be hardly risking any money while you |
| I wish there was a straight answer to this one, but the | | | | create a stream of income that will likely surpass that |
| fact is it is not that simple (otherwise everyone would | | | | of many traditional "small businesses" that require |
| be rich right?), but the good news is that it is not | | | | 30K+ to set up and run. |