5 Best Ways to Start a New Business on a Shoestring Budget
Jun 11
Just over 32 percent of new business owners needed less than $5,000 to start or acquire their business. Amazingly enough, 25 percent of business owners needed no dollar amount to start up. The following is just a small list of some ways to start your new business with little or no money.
1. Work from home - Starting a home business is easier and much less expensive than renting commercial space. Most small business does not require a special location. Benefits to home businesses include flexibility in hours, less travel expense, no rent, great in-home tax advantages, and being able to comfortably work in your PJ’s. If you can start your new business from home, do it; there will be enough expenses without the added cost of commercial rental space.
Mold can be a terrible problem and something that no one wants in their home. 1-800-GOT-MOLD? can take care of that problem. Using rescued Labrador Retrievers, the dogs are trained to sniff out hidden mold so it can be taken care of. 
Still more proof that recession is upon us… Sports car maker Saleen is offering folks a $25 gift card for test-driving one of their speedy but expensive cars. Pictured to the left is a Saleen-modified Ford Mustang S281 RF with 465 horsepower, 425 lb-ft. of torque, and an MSRP of $50,000. Not a bad weekend idea if you are vehicularly-inclined and have a dealer near you.
In 2004, at age 14, Detroit native Ashley Qualls launched Whateverlife.com, conceived as a personal portfolio with pictures and graphics she created. Later she offered free MySpace layouts and tutorials for teens who want to learn how to do their own graphic designs and coding.
People in China, and all over the world, spend their days playing games like World of Warcraft, making gold from the game and selling it in “gold farms” for actual cash.
The following are pure imagination. I leave it to you to find a way to make these into potential money making ideas. Good luck and have fun!
How do these crazy ideas actually work? I’ve put together a list of 10 (and one for good measure) of the wackiest, weirdest, craziest ways that people are making good money.
There are an infinite number of ways to make extremely good money by entertaining children, without any special skills at all. Thousands of people in this country do it every day. Many do it full time. Many make over $100,000 a year doing it too. It’s unbelievably easy to entertain kids as long as you love children. There are dozens and dozens of ways to make money and have a great time doing it. Plus, you should be making anywhere from $50 to $150 an hour. 
Using heavy-duty cargo tricycles, Bikecaffe travels emission-free as it serves up a range of coffee blends from roasters Segafredo Zanetti and Integrity Fair Trade. The company’s trikes use a gas-powered machine for brewing and can produce up to 500 cups per day—served in recyclable containers—along with chai, biscotti and other edibles. Best of all 
Beth Schnitzer was sipping champagne by the bar and glancing at a baseball game on the big high-definition TV. John Gart-land was relaxing with a pint of beer on a black leather sofa. Kumi Walker was moving furniture around to prepare for a March Madness party later that evening.
Here’s a business that, almost more than any other with equal potential for real wealth, meets the most stringent requirements of just about any skeptic. In fact, there’s so much in favor of the “little guy” with this business, it’s a real mystery why more people don’t choose this one as the vehicle for their ultimate independence and financial security. 
These statistics really surprised me, so I decided to post them for you to discuss.
In local news, an 11 year old girl from New Ulm has taken up an unlikely hobby that looks to benefit the environment. 11 year old Kennedi Kokesch makes all these bird feeders with recycled glass. After seeing glass being thrown away, and into garbage bins, at a local business, she had a creative epiphany. Kennedi Kokesch says, ”I asked them is this going to a landfill or are you throwing this away? And they said they’re gonna throw it away, and that just got me interested.”Interested in re-using that glass, to create beautiful and unique bird feeders. 
Ever consider quitting your job and working from home? Well, a local couple has done just that and it has paid off for them.
Doug Knippel was looking at his compost a few years back and noticed a group of redworms crawling around in the dirt. That’s when he began to unearth his business plan. 