You're excited to start your own business. Maybe you have an idea how, or you're just fascinated with the idea of launching and growing your very own enterprise. You're willing to take some risks, such as leaving your current job or going without personal revenue for a while. But there's one logistical hurdle stopping you: not having enough money.
On the surface, this seems like a huge problem; however, a lack of personal capital shouldn't stop you from pursuing your dreams of owning a stable enterprise. As a matter of fact, it's entirely possible to start and grow a business with almost no personal financial investment whatsoever -- provided you know what you are doing.
Why A Business Needs Money
First, let's look at why a business would need money when there's no uniform startup fee for any sort of business. The truth of the matter is, different businesses will need different things, and these will usually cost something. Before anything else, it's important to estimate how much you need, before you find alternative methods to fund your company.
You’ll want to consider the following:
- Licenses and permits
- Equipment and supplies
- Office space
- Associations, subscriptions and memberships
- Operating expenses
- Legal fees
- Employees, freelancers and contractors
Millionaire Underdog: The Motivation You Need to Get Started
First and foremost, let's see who JT Foxx is.
JT Foxx has been deemed as the World's #1 Wealth Coach by different media outlets all over the world. After he started his real estate business from zero and then used that success to start what has now become over 50 different businesses and brands, JT Foxx knows something about starting and establishing an empire from nothing.
Millionaire Underdog is about how to establish your business. It's not just the motivational nor inspirational book that will give you that boost in encouragement. Instead, it’s an actual manual of sorts that aims to guide you in building your business and going from nothing to something.
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Millionaire Underdog: Option Details
http://millionaireunderdog.com/buy-book.php
You’ll know exactly what it's like to start from nothing, but still have the vision of what you want to accomplish. This book will then walk you through marketing, sales, growth, creating a business and not just a job, time management and everything any entrepreneur needs to know in order for them to succeed.
It’s safe to say that this is then one crash course you're going to need as a business owner.
As hinted at earlier, through this book, JT Foxx will guide you in starting a business without having to need a big amount of money. You can expect to see the following:
Lowering Your Needs
The first thing you need to change is your business model so that it has fewer needs. For instance, if you're planning to start an enterprise as a consultant or a freelancer, you could lower your "employee" expenses by being the sole employee from the start. Unless you need office space, you may opt to work from home.
You can also do some research to find cheaper sources of supplies, or else cut out entire product lines if they’re too expensive to have at the start.
Bootstrap
Your second option should invoke the idea of a "warmup" period of your business. Instead of going into it head-on and and going full time right from the start, you’ll start with just the basics.
For example, start a blog and one niche service, lower your scope, audience, and target profit. As counterintuitive as it seems, this will help you get a head start.
You can expect to see more advice from JT Foxx himself in his book, Millionaire Underdog. Just remember that no matter how low your finances are, when you learn how to make your money grow while starting your business, your nothingness will soon evolve into something that will make a huge mark in the business world.
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