How to start a successful business with no money

By M.Farouk Radwan, MSc.

How to start a successful business with no money

Is it possible to start a successful business with no money?

of course its quite possible but before i tell you how to do it let me first tell you that i managed to start my own internet business without paying anything and then that business made me a millionaire.

When most people think about starting a business usually what comes to their mind is a large office with lots of employees however a business can be something as small as a blog or a home based business.

In this article i will tell you how to start a successful business with no money.

The internet age allows you to start a successful business with no money

Years ago in the industrial age you had to have a large factory or big equipment in order to start a business. Today we are in the internet age where you can start a successful virtual business without paying any money.

Facebook for example is an extremely successful business but if you compared its starting cost to its revenues you will find that it didn't cost any money.

Of course not every website created will succeed, in fact most new business fail because most people aren't aware of the requirements needed to make a business succeed.

The first thing you need to make sure of in order for your new business to succeed is that there is a need for the products or services you are going to offer.

Because people needed to connect with each other Facebook was very successful as it allowed people to satisfy this unmet need. In the Ultimate guide to becoming rich i said that most successful business ideas come to people during their normal day when they find that they need something that the current businesses don't provide.

More about starting a successful business with no money

Try to think about the needs you have that aren't met in a good way and once you find one you can go on and start a business that can help people meet this need.

Sometimes you will find unmet needs that require a large capital and that's quite normal but on the other hand you will come across ones that require very little money.

When i was searching the web for information about psychology i almost found no website that was comprehensive enough to cover all topics related to psychology and that's why my website succeeded months after it was launched.

So to summarize what i said so far, in order to start a successful business without money you need to take advantage of the internet age and in order for your business to succeed it must help people satisfy an important unmet need that they have.

I have managed to become a self made millionaire at the age of 28. This didn't happen by chance because i already wrote that goal down five years before i accomplished it. Becoming rich is not about luck, starting big or being intelligent but its all about having certain beliefs about money and life.

In The Ultimate guide to becoming rich i will teach you everything that you need to know in order to become rich.

Want to know more?

Part II, How to start a successful business from scratch

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