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It is very tricky question, this question is asking during the high profile interviews, answer could be simple and easy if you think creatively otherwise too complicate.
Thanks for question. It's really tricky. No any business is possible without the investment. It's not only cash, but also any other needed resources like experience, time, place, internet, PC, telecom etc... But the question is "how You do business" and it opens the way to another option like to borrow the capital from other sources i.e investors. Therefore it's possible once you can attract the investors attention and convince them in your business idea and then utilize other peoples' capital and resources for your business development.
Yes, you can do business without investment.
If (1)you are honest and you integrity is well known in the society; (2) you have the required skills and potential (3) you have studied the market carefully for your products and made sales forecast and (4) you have made the business plan accordingly which shows the good IRR, then you can your your plan to some wealthy person and to co-sponsor your venture with required investment. This is one way to make business without investment.
Secondly, since you have skill and your business plan is ready and you are quite committed, you can mortgage your house or any property, take bank loan and start a business.
The beauty of zero marginal societies to which we're heading, is efficiency of the usage of things. Small businesses have erupted over facbook with zero costs already.
Eg, Nancy loves to bake and puts up pictures of what she bakes online. Nancy's friends love her baking and recommend her baking, and before you know it she has orders for birthdays, baby showers and small events.
Every Business requires capital, but there are few business which you can start without capital
1) Freelancer
2) Reselling of commodity
3) Selling Services
Here are eight tips that can help you get your idea off the ground with limited funds.
1. Build your business around what you know. Instead of venturing off into uncharted territory, make sure that you build your business around your skills and knowledge. The less you have to rely on outside sources the better. When your business is built around your own personal expertise you can eliminate consultants and outside assistance.
Also, having that knowledge is sometimes all that is needed to successfully take the plunge into entrepreneurship.
2. Tell everyone you know what you are doing. Inform your family, friends, business contacts and past colleagues about your new business. Call, send emails and make your new venture known on your social-media profiles. Your friends and family members can help you spread the word, and past business contacts can introduce your brand to their professional contacts as well. This type of grassroots marketing can help introduce your company to a much larger audience.
3. Avoid unnecessary expenses. You are going to have plenty of expenses, and there are some that just can’t be avoided. What you can avoid though is overspending. Take something as simple as business cards. You could drop $1,000 on 500 metal business cards that give off the “cool” factor, or you could spend $10 on 500 traditional business cards. Being frugal in the beginning can be the difference between success and a failed business.
4. Don’t get buried in credit card debt. There is a smart way and a suicidal way to use credit when starting a business. New computers, office furniture, phones and supplies can all quickly add up. Instead of purchasing everything at once and throwing it all on a credit card, use your company’s revenue to finance your expenses. Eliminating the stress and burden of debt will greatly increase the chances of creating a successful business.
Related: Funding Your Business on Your Own? Learn From These 7 Entrepreneurs
5. Make sure your receivables policy won’t sink you. If your business is a retail operation then this isn’t going to apply, but if you are providing services such as consulting or products to retailers you need to make sure that your payment policy is well thought out. Can you remain above water with net-15 or net-30 terms? Don’t base your receivables on what you think your customers will want. Base them on what is going to make your business operate successfully.
6. Build up sweat equity. When I first started my business I worked around the clock, handling every aspect of the business as well as the marketing and growth. All of the hard work and long days that you put in isn’t for nothing. You are building a brand and your hard work is essentially increasing the value of your business. Your sweat equity will come into play if you ever decide to sell off a piece of your company or take on a partner.
7. Take advantage of free advertising and marketing. There are several ways to generate a buzz for your business without breaking the bank. Social media is a great way to gain exposure and interact with potential customers. You can also reach out to local media and offer your expertise.
Make as many local media contacts as you can and be extremely responsive with their requests. This can lead to them to branding you as the local authority, generating plenty of free press for your business.
8. Get ready to hustle. Hard work is an absolute necessity, but when you are starting a business with little to no capital then you must be prepared to dedicate everything you have into making the business a success. This might mean cold calling, handling customer support, dealing with billing and accounting, and every other working part of your business. You will wear many hats and it will require the majority of your time and energy if you are to make it.
Don’t let limited capital prevent you from taking a great idea and running with it. Will it be difficult and will you have some stressful situations? Of course, but that is part of entrepreneurship.
Business consultancy , telemarketing , internet marketing design , insurance, many others
By : limited partnership
A partnership with one or more general partners and one or more limited partners
in this type of partnership i can make a business without invest a money (general partner)
You can do business without investments and capital. It's generally known as networking but is a business. It's your business image. So if you are referring to a entrepreneur he could do business just visiting this actual clients and ask them about their needs, feedback, demands for improving and so on. Or he can do businesses on networking meetings and spread the word about his business.
If you are referring to a company it's kind of impossible to do business without capital and investment. Why? Because a company is something strictly and you need a budget for growing up the company image or do business. It's not so easy as for entrepreneur where they can receive what they are needing through barters or other collaboration ways.
You must have some of resources in order to start a business not always a capital it can be your reputation and negotiation skills, I will share with you how I started a project with only 10% of the initial cost.It was August 2007 I was three months in as a partner and acting sales manager for an Automotive company when my mother talked about the idea of starting a new project in a really good land mark in Alexandria, Egypt she have a real estate contracting company it was all good except one thing "Funding" she only had about 10% of the initial cost but it was just too good to let go; me as being involved in business since I was 15, I just couldn't let the idea and this opportunity go without a fight.
So here I am planning: how could I raise funding to such a project ?
I came up with this plan :
I have to broker a deal with the land lord to pay the land price in residential units not in cash money; Yeah he agreed after an extensive sessions of convincing how he will benefit financially from that and a promise that we will market his share with ours "for a fee of-course" .
A detailed plan to best use that 10%; making priorities on what is more important and essential and what can wait.
A marketing plan; It was designed to ensure that we will sell 2 units with a 50% deposit even before we started working on the construction.
Clear landmarks sales objectives on each stage of the construction phase to ensure that we can mange not to delay the work in progress.
The team; we had to be very clear on objective and always connected with each others.
After 8 months of staying focused and objective driven we managed to complete the project with 55% revenue of the total cost of the project; it was all thanks to good planning great execution and a great team.
I agree with Mikhail answer. Voted.
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