{"id":23448,"date":"2020-01-17T10:59:01","date_gmt":"2020-01-17T18:59:01","guid":{"rendered":"https:\/\/www.nimble.com\/blog\/?p=23448"},"modified":"2024-06-18T03:08:05","modified_gmt":"2024-06-18T10:08:05","slug":"how-to-start-a-business-when-youre-broke","status":"publish","type":"post","link":"https:\/\/www.nimble.com\/blog\/how-to-start-a-business-when-youre-broke\/","title":{"rendered":"How to Start a Business When You’re Broke"},"content":{"rendered":"

One of the most common misconceptions when starting a business is that you need to have capital ready. This is not exactly true. There are a lot of CEOs who have risen their net worth to billions who have started with nothing or close to it.<\/span><\/p>\n

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Mark Zuckerberg\u00a0only had his computer when he started to code the roots of what we know now as Facebook. Ingvar Kamprad only had his bike when he started what will soon be the international brand, Ikea. We\u2019re not saying that what they did was easy. We\u2019re simply saying that <\/span>starting a business with no money<\/span><\/a> at all is possible. <\/span><\/p>\n

And today, we are going to share with you the ways on how you can do this yourself.<\/span><\/p>\n

Apply for a Loan<\/span><\/h2>\n

Once you calculate the cost of starting your business<\/a>, The first thing that you can do is to apply for a loan. Let\u2019s face it, taking out a loan is one of the fastest ways to get money. <\/span><\/p>\n

There are different types of loans that one can apply for. A small business loan, for instance, is the perfect choice to launch a startup. We prefer <\/span>personal loans to start a business<\/span><\/a> with no money, though. The requirements are less, the application is faster, and it\u2019s a smaller amount to pay back if ever things don\u2019t work out.\u00a0<\/span><\/p>\n