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    Tips to start a business when strapped for cash

    Your Money

    • Saving and Investment
    • Budget Living
    • Taxation
    • Expert Columns
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    Your Money

    Budget Living
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    Budget Living

    Tips to start a business when strapped for cash

    Plan to go into business for yourself but have little or no cash to put up as capital?


    Published:  July 13, 2020 17:30 Justin Varghese, Your Money Editor

    1 of 19
    Tips to start a business when strapped for cash
    Have little or no cash to put up as capital when starting a business? Image Credit: Stock image
    2 of 19
    Tips to start a business when strapped for cash
    Few people looking for substantial outside funds to launch a new venture ever raise the capital they require. Image Credit: Stock image
    3 of 19
    Tips to start a business when strapped for cash
    Questions to ask yourself when starting a business. Image Credit: Stock image
    4 of 19
    Tips to start a business when strapped for cash
    Where is there a gap in the market and how can I fill that gap? Image Credit: Stock image
    5 of 19
    Tips to start a business when strapped for cash
    Alternative questions to ask yourself when starting a business. Image Credit: Stock image
    6 of 19
    Tips to start a business when strapped for cash
    Some non-traditional tips when starting a business. Image Credit: Stock image
    7 of 19
    Tips to start a business when strapped for cash
    Take stock of what you have at your disposal. Image Credit: Stock image
    8 of 19
    Tips to start a business when strapped for cash
    Consider what do you have knowledge for and your tangible resources. Image Credit: Stock image
    9 of 19
    Tips to start a business when strapped for cash
    Answers to these will create a collection that can be combined to create something novel in establishing a new business. Image Credit: Stock image
    10 of 19
    Tips to start a business when strapped for cash
    Combined whatever you know with who you know for it to have definite potential. Image Credit: Stock image
    11 of 19
    Tips to start a business when strapped for cash
    Consider how your connections could help you use what you have more effectively. Image Credit: Stock image
    12 of 19
    Tips to start a business when strapped for cash
    Invest only how much ever you can afford to lose when starting out. Image Credit: Stock image
    13 of 19
    Tips to start a business when strapped for cash
    Experts recommend that you only put in what you can afford to lose is that you maintain some room for error. Image Credit: Stock image
    14 of 19
    Tips to start a business when strapped for cash
    If you are willing to invest when you expect that you can get a specific return, it is likely that you may never take the leap. Image Credit: Stock image
    15 of 19
    Tips to start a business when strapped for cash
    Flexibility and adaptability can give you a key competitive advantage! Image Credit: Stock image
    16 of 19
    Tips to start a business when strapped for cash
    Existing firms typically take longer to adapt than new firms. Image Credit: Stock image
    17 of 19
    Tips to start a business when strapped for cash
    An often forgotten yet cost-effective way to market your business is to do it digitally. Image Credit: Stock image
    18 of 19
    Tips to start a business when strapped for cash
    Some online tools that will help are Google Trends and Google Analytics. Image Credit: Stock image
    19 of 19
    Tips to start a business when strapped for cash
    Google Ads helps advertisers pay to display brief advertisements and product listings. Image Credit: Stock image
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