Question
What's the best business to start with little or no money?
Response
According to the transcripts, you can start a business with very little money. One entrepreneur mentioned starting her first business with just $300, emphasizing that you don't need a ton of capital—you just need to take action. Another billionaire started a billion-dollar company with only $4,000. A food distribution business founder bought a company for $300,000 with very little cash down. The key is identifying what you're passionate about and being willing to put in the work. Several successful entrepreneurs recommend starting businesses in industries like car washes, e-commerce, or service-based businesses where you can bootstrap with minimal initial investment. The transcripts also highlight that proper business structuring through an LLC or S-Corp is important from day one, which can be done affordably through services that allow you to set up your business in minutes for minimal cost. Beyond that, what matters most is your willingness to hustle, learn, and execute rather than having significant capital to start.
Sources & references
- 01Asking Miami Billionaires How They Got Rich!3:32(opens on YouTube in a new tab)
I bought a piece of real estate for 5 million dollars back in 2013, very little cash. I'm going to say 15% so maybe 7-800,000