Startup money is one of the BIGGEST questions I get from the Scrappy audience. Well, how much money do I need to start my business is the real question?
As you can imagine, it’s impossible to answer this question because it DEPENDS… on the type of business you’re starting.
Going big with a brick and mortar store? You’ll need more money than if you’re starting a strictly online business
But, at the same time, I can give you a guide for what you need to be thinking about in terms of startup money and how you might begin estimating what you’ll need.
In the VIDEO I run through several things to consider about the money you may (or may not need) when starting a business.
Watch the whole video or jump to a timestamp that grabs your attention:
00:05:16 Starting a Business with No Money is a Myth
00:06:02 Your Time Is Money
00:11:11 How Much Money Does it Cost to Start a Business?
00:12:07 Never Say SMALL In Terms of Your Business
00:14:11 Potential Cost Startup between Idea Stage and Early Stage
00:16:16 Your Number One Investment in The Idea Stage
00:20:18 The Early Stage of Your Business
00:22:01 Hobby vs. Business
00:23:57 Get Your Business Registered
00:29:29 Buy A Domain Name
00:35:04 Getting an Email Service Provider
00:38:54 Treat a Facebook Page as your Website
00:45:43 Some expenses to consider depends on the Kind of Business
00:47:44 You Also Need to invest in Education
00:49:42 As soon as you’re making money, start a Business Bank Account
00:54:42 Businesses Have Costs
Have questions? Pop on over to The Scrappy Frontier Facebook Community.