6 Ways To Launch Your Start-Up With No Cash

6 Ways To Launch Your Start-Up With No Cash

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Yes, many successful companies were launched with a significant amount of funding, but it’s important to realise that the prospects of a business’s success are not directly related to the amount of capital the company was started with. You really need less money than you think.

If you’re discouraged by lack of funding, don’t be. While it may sound counterintuitive, in many cases, starting with a small amount of capital is preferable to launching with a large chunk of cash.open-sign_starting-a-business

When starting out with limited resources, you’re forced to use this money wisely. I started my first company with just US $3 000 – a loan from my dad that I used to take a real estate course. This was a pivotal starting point for me, and it enabled me to go on to found my company, Renters Warehouse. It wasn’t a huge amount of money, but it was just what I needed, and it was well spent.

If you’re considering starting a business, a small amount of money can go a long way towards building your future success. Here’s how entrepreneurs who are big on ideas, but short on cash can get started.

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Brenton Hayden
Brenton Hayden is the founder and chairman of the board of Renters Warehouse. A Harvard Business School and MIT Sloan School of Business graduate, Hayden leads a team of over 140 employees and franchises in 21 states with a portfolio of managed properties valued at just under $1 billion.