Starting his own business, an entrepreneur decides the issue of financing a new enterprise. It is not always possible to use your savings or attract a large bank loan. How to organize a business so that the costs of opening it are minimal?
Instructions
Step 1
Find an investor. To get them interested in your business, you will have to submit a detailed business plan to the potential lender that describes the unique benefits of your project. Investor's attention can be attracted not only by the benefit in the form of interest for the use of his funds, but also by the offer to join the founders of the company. Be careful, as in the latter case, you may lose some control over your business.
Step 2
Become a distributor for a large company. This way of doing business requires minimal costs. Many successful trading companies started out promoting products from large manufacturers. In this case, you significantly reduce production costs and save yourself from the need to immediately have your own production. In addition, this way you can establish a distribution network for your own future goods with minimal costs.
Step 3
Start with a service-oriented business. This area requires minimal costs for renting premises and hiring personnel. You will not need production facilities, scarce equipment and funds to buy raw materials. For example, a business providing legal services, training or psychological counseling can be a good choice.
Step 4
Think about how you can reduce production costs. Use free social media ads. Consider outsourcing some of the manufacturing operations and functions. If there is such an opportunity, then do not buy the equipment necessary for running a business, but rent it.
Step 5
Take advantage of the opportunities offered by franchising or network marketing. The minimum investment in these types of businesses is combined with proven and proven work patterns. In some cases, you can start your own business with only a few hundred dollars. Keep in mind that a business with minimal costs will require maximum effort and the need to constantly learn.
