Basically, my question is the title.

  • Due_Tomatillo_8821@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    No you cant be an Entrepreneur without money. You can sell your Skills without money but its Impossible to start a Business without 1 Dollar.

  • LearnSteel@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    Well it can be done but it is very tricky. My last company was started with very little money. It started as a free discussion group that was very exclusive that i ran without charge for 7 years. When i decided to start a new business, i just told everyone that the thing that they were getting for free was now going to cost them $20 a month. I had a 90% plus uptake rate so overnight i was making 10k plus a month. But i was well known in the industry i launched it in.

  • TheRahmanEffect@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    Entrepreneurship is just a mindset most of the business doesn’t need any money in the intial stages.

    Go start your own business 🙂

  • Gramooth@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    Basically, you can’t.

    Jokes aside, the most cheap option is to learn coding and building something with it.

  • LTL_giantess_videos@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    Pick a problem and find a solution. Pick a product you personally buy or use and improve it; make it better, faster or cheaper. Develop something you personally would buy if it were available on the market. If you don’t have capital to start, get ready to work hard instead.

  • HappyDaysMyDays@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    You aren’t a true entrepreneur until you are leveraged to the hilt and considering bankruptcy is actually a good idea.

  • Whole-Spiritual@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    You actually can, I have $, but started one with $0 that’s making more than my other companies now.

    Consider agency models. For example, marketing or sales services, there’s a whole ecosystem of variations across these two areas. Or even anything you’re good at, “operations as a service” is another one popping up.

    We sell projects, collect $, pay out 45 days after on the recurring retainer piece that goes to pay base wages of people on our team doing the work. Then bonuses come to us with a 75-90 day lag on when we pay out teams. So as we grow it produces cash, “float”, and we use that cash to grow faster.

  • Whole-Spiritual@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    I kid you not we went $0-$1.3MM in cash retainers on 3-4 months, now are at about $5MM month 7-8, heading to much more rn. All just pre selling projects and fulfilling them.

    We make a 30% spread on labour then we make $ via royalties as companies we help flourish. $0 startup capital.

  • aovmechanic@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    You don’t need money to be an ‘Entrepreneur’.

    It’s more to do with resourcefulness over resources.

    When funds are low, constraints become your playground… you’re pushed to think outside the box and find unconventional ways of doing things.