How Does A Guy Starting With Only A Salary And No Savings Start A New Profitable Business?

I have a computer, creativity, and a strong determination to succeed. My employment will not last very long due to restructuring. I have only a few months to get something started.

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9 Comments

  1. TM Express™
    Posted September 27, 2009 at 9:10 am | Permalink

    To get started, I suggest contacting the Small Business Administration Financing Page (SBA) – links below. Entrepreneur also offers a great site dedicated to money & finance – see below.
    Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
    * Free Money for Small Businesses and Entrepreneurs by Laurie Blum
    * Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish
    * Financing Your Business Dreams With Other People’s Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy
    * No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen
    * Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein
    There are plenty of free informational resources out there. Check the source box for links to articles.
    Hope that helps! I wish you much success & happiness in all your ventures!

  2. Mexico4m
    Posted September 27, 2009 at 2:09 pm | Permalink

    I am always looking for people with a strong determination to succeed. For under $200 US, you can have your own business up and running and have all the support and training that goes with it. My business is in the health and wellness industry and the market is wide open for this because anyone can use it. Right now my focus is on athletes because they are finding it cuts their recovery time in half as well as giving them excellent endurance. We have been featured on Larry King, CNN, Letterman, Oprah, Good Morning America, Time magazine as well as many others so the advertising is being done for us. All the tools are in place including an excellent compensation plan, so if you put a plan in place, you can be earning an excellent income in no time.

  3. Scottee2
    Posted September 27, 2009 at 7:31 pm | Permalink

    Most startups are not profitable in the beginning. If you are really determined and can develop a Business Plan, you may be able to acquire financing to start you business. But you must show in your business plan timelines and expected revenues. The Banks will want you to show that at some point you expect to be profitable and will be able to repay your loan. You could also try to acquire investors but that may be a bit more difficult if you do not have a large network pool.

  4. ?
    Posted September 27, 2009 at 7:54 pm | Permalink

    To be an entreprenuer, you need the right idea and the passion with guts.
    Finance is no consideration. There are a lot of avenues to get the funds, provided u have the profitable idea and the passion to convince your bankers/investors

  5. Bruce
    Posted September 27, 2009 at 8:22 pm | Permalink

    Start a service in the area which you live, it could be grass cutting, window cleaning, handy man jobs, power washing, use your imagination theres always something people need doing. JUST ASK THEM

  6. zocko
    Posted September 27, 2009 at 10:35 pm | Permalink

    what kind of business? A lot of people start with a small loan and garage space.

  7. donna in wetumpka
    Posted September 28, 2009 at 3:39 am | Permalink

    You could go with an mlm business like eco quest, or global domains, or traffif wave!! That way you could do it no matter where you go or what else you do!!
    try yahoo small business and see what they have.

  8. Ellie
    Posted September 28, 2009 at 9:12 am | Permalink

    I say just go for it! You will never know if you never try. You need to just do it!!!
    Good luck!

  9. Anonymous
    Posted September 28, 2009 at 11:18 am | Permalink

    you need to start off by getting a loan from a bank

  • Thinking of investing your savings?


    While increasing your savings is good, multiplying your money through smart investments feels great - there are lots of opportunities out there and you can be successful if you're arming yourself with the right information.

    Where to start?

    If you're going to try your luck on the stock market or trading options, first start by learning the basics and delay as much as possible buying real positions. One way of getting hands-on experience with the markets is through online trading - either forex or binary options are good learning grounds and most online brokers offer trial accounts free of charge (if you're wondering what are binary options, 24option.com has very good resources on it, besides offering a free practice account and a wealth of information about binary trading in general). Final warning for the very eager: binary options are exotic financial instruments; real trading involves substantial risk of monetary loss.