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How to Start a Business without Money

Everyone wants to start a business and make money. However, very few actually take the necessary steps to achieves the desired security and independence provided by a business.

If you ask the main reason why people are not starting work on their dreams, most will say that they have no money to start. In fact, almost everyone believes that having money is a necessary and required step to start a business, and that without a millionaire investment you cannot create your own company.

This perception is made much more acute by what we read on magazines and newspapers. It seems that every interesting business is started by someone that has money or that received investment from someone else.

Reality of Money Generation

What most people don’t understand, however, is that every business has a start when no money was available. Save from someone that inherited a lot of money or won the lottery, nobody has free money to invest in a business. Even rich people will start business with somebody else’s money, if possible.

Which means that there is a lot that can be done even if you don’t have capital to invest in your ideas.

Even better, you can start a business that require little capital to work. Even though you might think this is not possible, there are several businesses that can be started with very little. For a traditional example, consider consulting: you can start just with a few business cards and phone calls. All you need is your knowledge and the desire to find clients.

Another example is web businesses. With a few dollars you can buy a web domain and start your own web site. If you decide not to register a domain, you can even start it for free! This is a cheap way of starting a business…

Despite this, web businesses are among the fastest growing segments of our economy. You can literally make millions starting with very little, if you work on a web business.

The 3 Enemies of Money Generation

Maning lots of money is something that everyone wants. However, the experience has shown that very few are really successful in achieving high levels of success in their investment careers. A lot of this has to do with the fact that these people are using the wrong tools. Without the proper methods, one can spend their whole lives without achieving the financial stability they are looking for.

The other problem is that they are still operating in a level that makes it hard to achieve success. There are a number of enemies of money generation that you need to avoid at all costs if you want to become a big producer.

Spending more than you make: the chief enemy of money generation is the attitude of spending more money then you make. This enemy doesn’t care if you are rich or poor. Everyone has a limit on how much money you can spend. There are several high profile people that lost everything because they didn’t know how to control their expenses. For example, Michael Jackson, despite being a musical genius and worth millions, was able to squander all his fortune during his own short life time.

The problem is even more acute if you make less money. That is why middle class people rarely go to become truly wealthy. They lack the discipline to spend significantly less then they make. On the contrary, most middle class people are interested in spending the most they can on cars, vacations, and other status symbols.

The second enemy of your financial independence is lack of investing. It doesn’t help if you save money but let it on a low interest savings account. Your money will disappear in the same way. To get wealthy, you need to invest in something that really appreciates in value, such as stocks, bonds, or real estate. If you don’t learn to invest in these vehicles it becomes hard to achieve true independence. You need something that can generate a lot of money on your money. In other words, you need to make your money work hard for you.

The last enemy of your fortune is fear. Most people don’t start a new business or make more money because they have fear. For example, they have fear of losing their jobs, or fear of not know how to run a business. All these are irrational feelings, that you should overcome. Making money may be easy, and very possible for you or for anyone.

Most people don’t understand how important is to avoid these issues. However, if you are able to conquer these three enemies, you will be ahead of millions of people, and most probably become a very wealthy person.

How to Turn Little Money Into a Fortune

Making money in the current economy is often thought as difficult or even extremely hard. The reality, however, is that despite the economic situation there are thousands of ways of making money.

If you need reassurance about this fact, just look at any list of companies in America. You will see literally thousands of different companies and industries, each one with a different way of making money. What these companies have in common, however, is that they are working to create value and profit in the market. The same thing you can do, once you have the proper mindset.

Remember that most fortunes are in fact made of small values accumulated millions of time through sales or during a long time.

Most people make the mistake of discarding small quantities, “pocket money”. While this seems to make little difference, the smart investor will understand that even the smallest change can become a lot of money over time.

First of all, even small quantities may become huge in an expanding market. For example, candy is in general less than $1. However, several people became rich selling candy.

In the same way, if you take a small quantity regularly and invest it, you will end up with a lot of money.

Money adds up, and interest compounds. These two forces are sufficient to explain a lot of fortunes. You can become a millionaire either by selling a lot of products for small amounts, or by saving little quantities throughout a long time. The sooner you start, the better.

 

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