Follow the 10 Tips below to Bootstrap and Start a Business With No Money



1. Don’t rent an office

Try to see how you can work from home. If your business requires that you meet clients in person, arrange and appointment with them at a nearby restaurant or fix a lunch meeting with them at a recreation park. Even people with very nice offices do this, anyway.



2. Don’t hire employees

Even if your business requires that you have a few employees, try to do everything yourself until you start to earn some cash from your business. This is because employees are expensive to maintain especially when your incoming cash flow is not yet predictable or certain. So, you will be your own accountant, secretary, and more.

Also don’t hire professionals at the very beginning. You can delay hiring lawyers, graphic designers and other technical people until later. Though this might prove a costly mistake in the long run, especially when it comes to legally protecting your business assets or intellectual properties. So my candid advice is this, do everything possible to cover yourself legally. It will save you a lot of pain in the long run.



3. Get free professional services

You can get a free lawyer and free legal advice from the mentors at Score.org. Find out other places where you can meet professionals who are willing to render some of their services for free, and grab any opportunities you find.



4. Write your business plan and financial statements yourself

Learn how to write a good business plan. Also, instead of hiring a CPA or bookkeeper, you can do you financial statements yourself. But this doesn’t mean you won’t have to hire one later as your business grows.




5. Get a cheap domain name

If you must have a website for your business, don’t ever pay for a premium domain name. If your most desired domain name is no longer available, choose one from the many available ones. Better yet, you can make do with a free domain until you can afford to buy your own. and Blogger.com are platforms on which you can host your domain free of charge.

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Nice one

Excellent write-up.