MBA2516 Q&A Wednesday: How Do I Start My Business With Zero Dollars

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 4 September 2024

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is it hard to imagine starting your business with zero dollars? Does it feel impossible to ignite a successful venture without an initial capital investment? Think again. This episode is here to walk you through the exact steps needed to launch your dream business without breaking the bank.

Transcript

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0:00.0	Hey, welcome back to the $100 MBA show. I'm your host Omar Zen Home.
0:10.3	And today's episode is Q&A Wednesday where we answer a question from one of you, one of our listeners, one of our subscribers, one of our community members.
0:18.0	If you want to ask a question on Q&A Wednesday, you could submit it over on our website at 100 MBA. net slash Q for question.
0:26.3	It's super simple. Today's question is from Adam and Adam asks, how do I start my business
0:32.0	with zero dollars?
0:34.3	I love this question.
0:35.6	I love this question so much because this is a reality for some people.
0:40.5	A lot of people don't have a lot of money to get started. I was one of those people. I was coming from teaching. I was a teacher before that. I had some runway, had some savings.
0:50.0	But I didn't have much, right? And I pretty much started with zero dollars. So instead of me telling you what to do I'm going to tell you what I did I'm going to share my story I'm going to tell you what happened but then I'm going to wrap up today's episode with some
1:03.8	action steps for you to follow so you can implement and start with zero
1:08.8	dollars but before I get started did you know that some of the biggest companies in the world started with little to no capital?
1:15.2	This is according to a study by small business trends, over 20% of small businesses start with less than $5,000.
1:23.6	And today I'm going to show you how you can start your business
1:26.0	with $0.
1:27.3	For get $5,000.
1:28.2	Zero dollars by sharing my own story
1:31.0	and giving you those action steps for you. Let's get into it.
1:34.8	When I left my teaching job and I started my full-time business, it was a consulting firm called Business
1:40.8	Republic. I was side-housing for 10 years building businesses
1:44.1	all aside and a lot of friends and family were asking me hey how do I build a website
1:47.9	how to create a logo and I knew this is something I could start out with as my full-time business because I had a lot of experience helping other people so that became my first kind of full-time career or business as an entrepreneur. So I didn't want to reinvent the wheel. I wanted to do
2:07.0	something I was ready doing to give myself a chance to hit the ground running.
	...

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