Do you (or your teenager) want to start a micro business, but fear you don’t have the money to start?
Dollars and Sense host, Carol Topp and guest host, 17 year old Jonah Wilson, claim that you can start a micro business with no money!
Listen in as Carol and Jonah share several ways to start a micro business with no money
In the podcast, Carol and Jonah mention Starting a Micro Business, a helpful book (and ebook) that can be very helpful in launching your micro business.
What does it cost to start a micro business?
If a product-based business, then inventory, packaging & shipping and advertising costs
Maybe equipment like computer, lawnmower, oven, piano, etc.
If a service-based business, then not much start-up money needed except for ads, a website, business cards, etc.
Where does the start up money come from?
- Start as a hobby/volunteer/only break even
- Investor (or small loan from parents), but not a partner
- Sell something
- Work a temporary job
- Start a service business and save up to launch a larger business
Listen to the next Dollars and Sense Podcast (Episode #16) where Carol and Jonah will discuss the dangers of starting a micro business with debt.