How to start a small business with no money?

Starting a business with little to no capital is possible by adopting a lean approach and leveraging free resources. Here are key steps to get started: - Choose a low-cost business idea: Opt for a business that requires minimal upfront investment. Service-based businesses or online ventures you can run from home are ideal (e.g. consulting, freelancing, dropshipping). Focus on ideas with low startup costs that you can operate without needing a physical storefront​. Also target an in-demand niche market – solving a specific problem can attract customers even on a tight budget​. - Use free and DIY resources: Take advantage of free tools and platforms. For example, create a basic website using free templates, set up social media profiles, and use free versions of productivity software. Work from home or co-working spaces to avoid office rent. Every dollar saved helps extend your limited funds. - Leverage sweat equity: Instead of hiring staff immediately, invest your own time and skills (and those of co-founders/friends) to get the business off the ground. Do as much as possible yourself – from marketing to customer service – until you have steady revenue. - Market through free channels: You can promote your new business without spending money​. For example, use social media marketing (create engaging posts on LinkedIn, Instagram, Facebook, etc.), ask friends and family to spread the word, list your business on free directories/Google My Business, and encourage word-of-mouth referrals​. Networking at local entrepreneur meetups or online forums can also generate leads at no cost. - Reinvest initial profits: In the early stages, put any earnings back into the business. Even small revenues can fund necessities like a custom domain name or essential equipment. By continually reinvesting, you can gradually build capital without needing external funding.