How to Start a Business With Only $5000

Starting a new business with limited resources can be challenging but not impossible. Do not choose a business that requires a huge inventory, or a limited and very expensive one. You must use your capital wisely, but only after you have thoroughly researched your business venture. Look at every aspect and leave nothing to chance. Be honest with yourself but remain optimistic until proven otherwise.

Things You'll Need

• Computer, Printer, Internet

Instructions

1. Base your business out of your home if it is commercially zoned. Starting a lawn mowing business is an example of how most of your capital should go toward the best riding mower, push mower and weed eater you can buy, after price comparison work.

2. Begin an office cleaning service for the cost of the supplies you will use initially. Purchase stationary, business cards and even a magnetic logo to place on your truck or van. Buy advertising space in your local area newspapers to get your service in front of the public. Canvass office buildings and building management companies in the area to make them aware of your service, and test the market for openings.

3. Consulting in your particular area of expertise would require travel, but your capital investments would be a nice rental vehicle, proper business attire, and a computer with the appropriate programs and computing power. Impress potential clients with your appearance and product.

4. Scout your neighborhood for a reasonably priced retail space for consignment items, such as antiques. Check the Internet for any antique shows in your surrounding area, and plan to be there distributing fliers or business cards. Rent space at a special event flea market and use your space to showcase your products through displays and pictures of your shop. Prepare handouts with driving instructions for potential customers.

5. Work from home and use the Internet instead of the highway to go to work. Research your state's requirements for home-based businesses. Purchase a kit that tells you how to form a limited liability company (LLC).

6. Realize that the amount of business opportunities available for $5,000 or less are numerous. Capitalize on your particular niche or information base, and be someone who enjoys his job.