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214. How To Start A Business on a Budget
Manage episode 419200233 series 2955891
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Starting an online business is much cheaper than starting a brick-and-mortar shop, but it still has costs. So how do you navigate those costs before your business starts bringing in any money? That’s what we cover in today’s episode.
I walk through the three-step process of how to start a business on a budget: Save, Research, Budget. I breakdown each one in detail, giving examples from my own experience.
Being realistic in your projections and plans leads to the empowered, quality decision-making necessary to build a sustainable business. I hope this episode helps you do that.
In this episode, you’ll hear…
- The three components of the saving phase: Save, Cut, Make
- What costs you need to research when starting a business
- How to factor a long runway into your starting budget
Click here to find the full show notes and transcript for this episode.
RESOURCES:
- Join the waitlist for my book “When I Start My Business I’ll Be Happy: A Practical, No BS Guide to to Successful Online Entrepreneurship”
- Try Siteground for hosting - free domain & professional site transfer with every plan (affiliate link) https://samvanderwielen.com/siteground
- Betterment - Join Betterment and get up to 5.50% variable APY for 3 months with a qualifying deposit (affiliate link) https://samvanderwielen.com/betterment
- Sign up for my free weekly email “Sam’s Sidebar”
- Join the Free Legal Workshop to learn how to get your business legally protected today!
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