Where do you get the cash to get going?
Maybe, that's not the question to ask..
There are so many more interesting, exciting and creative ways to start your business than borrowing money.
You don't want to start your Business in debt, you want to start in profit.
Err wrong actually...
This is one of the biggest myths about starting a small business and we're going to smash it down right now!
It's ok you're not the only person who thinks this! It's actually what we've always been told and brought up to know!
Around one third of all the people we meet at the PopUp Business School have lack of cash as their biggest barrier stopping them from getting started.
If we blindfolded some of the biggest names in business, threw them in the back of a transit van, drove them to a random city and then threw them out onto the street. Take away their CASH, CREDIT CARDS and SMARTPHONE. Do you think they could make money?
Damn right they could. Once they got over the shock of no wifi, obviously...
(We actually think we should do this - it sounds like great fun.)
All this stuff we've been taught over time is wrong: you DO NOT need money to start a business!
Here's what we do know...
We do know that sometimes you need a bit of money to get going. There's things like equipment, some products, maybe transportation, marketing stuff, possibly a phone or computer... We can get around that!
Here's what NOT to do:
do not take a loan.
The traditional approach to starting a business is dead. Forget it. You don't need a business plan and you definitely don't need funding.
The FISRT thing you need to do is watch this video:
Check out this video about funding, Alan's favourite subject.