How to Start a Startup without any Capital

Why do I want to start a startup?

If you haven’t asked yourself that question yet, you should. Sure, there are lots of reasons people become entrepreneurs: We want to make money and enjoy being our own boss. We want to work on products we’re passionate about. But until you can succinctly answer why do I want to start a startup?

When should I start?

Everyone has different reasons for starting a business, but it’s impossible to talk about when you should start without talking about why. If your sole purpose is financial gain, consider that starting a business can be incredibly expensive and risky.

What are my goals?

You might have started your startup on a whim, with only half-formed ideas of what you want to do and why. That’s okay! It’s important to remember that while it might be easier to keep going than start again, your initial vision is just as valid as it was when you thought of it.

Who will I need on my team?

If you’re planning to work on your own, you only need yourself. Of course, building a great product isn’t easy even for one person, so teaming up with another solo entrepreneur might be ideal. You’ll have someone to brainstorm with when ideas are tough to come by and someone who can help execute on whatever project you have in mind. If you plan to bring together multiple people from different fields of expertise, forming a company or corporation is likely your best bet.

What is your business model?

Your business model is how you plan to make money and keep your business sustainable. Not all businesses are successful. The more efficient your model, the better chances you have of surviving and even thriving in today’s competitive environment.

Can it make money quickly?

One of the most important and potentially painful things for an entrepreneur to learn is that no, your startup isn’t going to make money immediately. And, also very likely, it won’t make money for quite some time.

Final Words

If you have made up your find on starting a startup, do read the case studies or successful startup companies, read about their concerns and challenges.

Jeff Bezos, Elon Musk, Bill Gates, Mark Zuckerberg and Carlos Slim are some of the successful entrepreneur who started from scratch. If you want to know more about startups, do check out some of the old episode of Shark Tank US and Shark Tank India.  This is the platform were new start-ups entrepreneur come up with their innovative ideas to start their own venture. Check the video Description to read the complete article.