Most people assume that you need at least a few thousand dollars to start any sort of successful business. While a larger budget certainly does help, there are so many work-from-home business models that can be started with little to no upfront investment other than your time and effort. Of course, starting with absolutely nothing isn’t really a wise decision because it puts your business in the predicament of lacking the basic provisions and structure that most other startups have. With that said, here are five steps you can take to get a reputable business up and running for less than $500 in any industry.
1. Incorporate the Company
First, to be considered an actual company, you’ll need to incorporate. The most cost-effective way to do this in the long-term will usually be to structure the business as a Limited Liability Company (LLC). Fortunately, if you’re wondering how much it costs to start an LLC, it usually won’t set you back more than a few hundred dollars.
2. Make a List of Bare Minimum Operating Requirements
Now that you’re incorporated and ready to …read more