What Kind of Business Can I Start with Very Little Money with Bill Kelly
- S7E31
- 12:59
- January 31st 2022
Episode 31 What Kind of Business Can I Start with Very Little Money? The world is changing but service businesses are still king.
Most Businesses are Started by A Technician Having an Entrepreneurial Seizure This famous line was written by Michael Gerber in the “E-Myth Revisited” in 2004. His theory is that most small businesses fail because they are started by Technicians, who know nothing about running a business. Starting an On-line Business Today, technology has changed the way Bootstrappers approach a business startup. However, on-line marketing requires a steep learning curve for most and finding products and services to sell can be difficult.
Service Business are the Most Common to Bootstrap Service businesses such as, painting, lawn maintenance, cleaning, handy-man, teaching, auto repair/detailing, carpentry, computer repair, and healthcare are by far the best businesses to start with little or no money.
Ready, Aim, Fire or Ready, Fire, Aim Making a plan and following the plan is the preferred way to start, but it may not allow for intuition and chance. Don’t let the paralysis of analysis deter you.
Tags: The E-Myth, Bootstrapping, Business Start-up, Choosing a Business, Business Brokers, Buying a Business, Transworld Business Advisors
The Entrepreneur's Edge!
Meet your host, Bill Kelly, serial entrepreneur, Senior Business Broker for Transworld of Richmond, and a Commercial Real Estate Agent for our affiliate company Planet CRE.
Over the next 52 episodes we will discuss the best practices and strategies for buying and selling businesses and franchises using the proven methods developed over 45-year by Transworld Business Advisors and hearing from guests and professionals I have the pleasure to work with.
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