Daily Question for 10 October
Daily QuestionOne a day

Question

How can I start a business with very little money?

Response

The guests point to starting lean and taking action rather than waiting for capital. One billionaire in the Miami segment said he started his first business with $300, and the interviewer drew the lesson that you don't need a ton of capital, you just need to take action. Another billionaire said he started his company with $4,000 before selling it for $4 billion. The founder of First Form started with $12,000, with no investors and no inheritance, and lived in the back of his store for the first couple of years. Another entrepreneur had $15 in the bank when he started his business, and his advice was to stop wishing and decide. Several guests also suggest using a job as paid training, learning the industry, and then leaving to do it yourself. Finally, one entrepreneur said that starting a business with an entity service like Bizee can be done quickly.

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