Although this may seem a bit farfetched, the reality is some of the biggest companies operating today started from nothing. Google is one of the most famous companies around today and it was started by Larry Page and Sergey Brin in a rented garage.
Now the company is worth almost 100 billion dollars, and is one of the most recognised brands around today. Google’s story is one that can be seen throughout history, and many companies manage to successfully grow themselves from nothing.
Sometimes starting small can be an asset to a new founding company. It is when businesses grow too quickly that they can run into problems. In an ideal world, you want steady, sustained growth that can be matched by incoming leads and orders.
Ultimately you are going to need funding at some point along the way. This is when you should be looking for investors and grants that will help your business get off the ground. The important thing is that you can demonstrate growth in the business and can show that you have identified your market.
All business that are starting out pose a potential risk, both to themselves and to investors. The important thing is how you manage this risk. Showing that you have a clear, devised strategy for getting your business off the ground can mean the difference between investment and failing to raise the required funding that is need to get the company going.
Finally, as a business owner you should consider what you actually need for your business. You need to identify the essentials first, so that you don’t end up spending money on things you don’t need. There are also many free resources out there that are incredible business tools, like Facebook, Etsy, Ebay and more. Try to utilise these as much as possible and you will save costs that you don’t need to spend.