Start A Business With Less Than $10,000 – Three Brilliant Ideas!

The idea of owning a flourishing business excites every budding entrepreneur; however, the lack of money and experience often becomes a roadblock for success. Despite the risk of failure, some passionate people do not give up on their dreams and start saving for the day when they can become masters of their financial destiny. It is true that starting a venture requires massive capital, years of hard work and an enormous undertaking, but people with tons of zeal and great determination have accomplished the impossible with limited means. Without exaggeration, a budget of $10,000 is enough to help you make a mark in the industry.

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Best Financial Planning Tips To Avoid Debt

There are many ways that can help you to avoid falling into debt. There are many ways and tips that you can apply to stay away from a debt and there are other ways that involve guidance from an external source regarding a debt. A financial advisor or expert can be an example of an external source. We will discuss both so that every individual can benefit from this article.

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5 Tips for Financing Your Start Up Idea

Finding the funds to set up your own business is a challenge in just about any economic climate. Everyone knows that there is a lot of work involved in starting a new business but the financial aspect is perhaps the most challenging for many. While some entrepreneurs are fortunate enough to have loads of money saved up to launch their own business but perhaps don’t have a viable business idea, others are faced with the opposite idea. Many potential business owners have a fantastic business idea, but lack the capital to finance it.

Unfortunately, no matter how groundbreaking or unique your business idea is, it’s unlikely to take off without the proper funding behind it. You will more than likely need a website, office space, tech team, not to mention the various other costs involved in running a business, and this is just the beginning. This, of course, means that you need money.

Whether it’s a cool new app, an import and export business or a posh new restaurant, almost all businesses and entrepreneurs require a bit of funding to get their business off the ground. The good news is that there are plenty of funding tips out there that entrepreneurs can use to finance their business dreams.

Here are a few tips for turning your dream business into a reality.


  1. A detailed business plan is key

Having a sound business plan is crucial to the survival and development of any business. Without a business plan you have no real direction of where your business is headed and investors won’t see any value in investing in your business. Some of the most important aspects to cover in your business plan is research into your market, identification of competitors, your target audience, the opportunity your start-up offers to investors, a thorough financial breakdown including how you plan on turning a profit, and how you plan to implement everything.

Your business plan should be thorough, properly researched, have clear objectives, processes and overall goals. If you want to secure funds from investors, you must be able to present them with a detailed business plan. If you want some tips on writing a business plan that banks can’t resist, then check out this article.


  1. Get advice from experienced investors

Who better to get advice from than those that have already gone through the process right? Not only can they give you insight into how they went about obtaining funds to start their own business, but they will also be able to direct you to the lending firms in which you can obtain business loans at the lowest interest rates.

If you have family, friends or associates that are known for their business minds and have experience investing in other businesses, then these should be the people that you approach first. Pitch your ideas to them, present them with your business plan, and then listen to their feedback. They will probably have some invaluable advice for you. Also, you never know, they could end up investing in your business.


  1. Maintain a good credit score

Essentially, your credit score could make or break your business. If you have a great business idea but poor credit history, it’s highly unlikely that you will be able to obtain any sort of bank loan. Borrowers with a poor credit score are seen as being at a higher risk of defaulting on a loan – which is why banks are hesitant to lend to those with a bad credit score. It is still possible to get bad credit loans however, so all is not lost.

We’re not saying that it’s impossible to succeed in your business if you have a bad credit score, there are certainly other ways to obtain funding. But a good credit score will certainly make things easier. If you have a bad credit score, it’s important that you repair it before approaching financial institutions for loans. Here are a few ways to steadily maintain your business credit score overtime:

  • Establish business credit history: The more vendors report a good payment history, the better your business credit will be. Thus it’s very important that you maintain a good working relationship with vendors.
  • Keep up to date with taxes: File your business taxes in a timely manner to ensure compliance.
  • Maintain a good personal credit rating: Even if your business is a separate entity, your personal credit score will still have an impact on various types of business financing.

A credit card is a great way to increase your credit score. Applying for credit cards, making everyday purchases with them and then paying them off immediately, is a very effective way to improve your score.


  1. Networking

You’ve probably heard it a thousand times before but the value in networking cannot be overstated. This is the best way to find investors. You want to build relationships naturally with key people in your industry and local community, rather than having to cold call. Chat with other business leaders, go to local events, and make yourself known in your industry. You could even offer to help other entrepreneurs and established business owners – they may return the favour by introducing you to reliable angel investors or they might direct you to a venture capital firm that helped to launch their start up.

When you’ve done a good amount of face to face networking, you can put these networking skills to good use online. Look into crowdfunding sites like which can be a fun and effective way to raise money for a relatively low cost project. You set a goal for how much money you would like to raise over a period of time, i.e. $1000 over 30 days. Your friends, family, associates (hopefully people you’ve met through networking), and strangers then use the site to pledge money.


  1. Make a budget and shop for financing

The budget is the financial aspect of your business plan and it’s essential to gaining investors. Each and every investor that you approach will undoubtedly want to see a detailed financial breakdown, outlining how exactly you plan to make a profit. Here are some important things to consider in your financial plan:

  • Estimate your costs: Have a plan in case to cover your expenses for in the first month. Don’t underestimate your costs. The main reason why most businesses fail is that they simply run out of cash
  • Understand what types of costs you’ll have: one-time vs ongoing costs, essential vs optional costs, and fixed vs variable costs
  • Project your cash flow: Cash flow is vital. You need to know exactly how much money is going out and expected to be coming in.

Once your budget is in place you can start approaching financial institutions. With a thorough financial plan in place, investors are far more likely to buy into your business idea.

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Learn what the top trends in AI mean for your business


This post was originally published on The Boss Magazine at

I spent some valuable time late last year with our hip clients in the tech space and there is no doubt that the artificial intelligence (AI) phenomenon will have a profound impact on businesses large and small, that part is easy to predict. What impact it will have, and whether this is a “good” or a “bad” thing is harder to tell.

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Why Your Personal Brand Matters As A Remote Worker

Even for remote workers, personal brand matters. In fact, in many ways it’s more important – as the opportunities to build a strong reputation are limited compared to people working in-house.

However, that doesn’t mean it can’t be done. Let’s look at why growing a strong personal brand matters for remote working, and the best ways to go about it.

Why cultivating a strong personal brand matters for remote working

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5 Surprising Life Learnings from a Female Entrepreneur

I expected many things when I decided to build my own business at 21. Hard work? Certainly. Struggling to make ends meet? For sure. Success? I could only hope.

Six years and four successful businesses later, I want to share five surprising life learnings which I hope might encourage more people, especially women, to pave their own paths in business or other passions.

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Want to Be More Like Amazon? 5 Steps for Becoming More Customer-Centric

be more like amazon

The hard-hitting reality is that many businesses cannot hope to compete with the likes of Amazon and e-commerce in today’s landscape. Why? Because Amazon values and adheres to a customer-centric mentality first and foremost. Not only does this ensure customers have a great experience, but it also helps structure the inner workings of the company to provide absolute convenience — which is something you must establish as a foundation.

That said, it doesn’t mean you cannot strive to be better and more competitive to this end. You can restructure your company or business in many ways to put your customers front and center.

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