Saturday, October 3, 2009

Start A Business No Money Down!

In theory yes but in reality this is simply not true. The fact is that when one starts a business, they may be begin operating as a business entity, but until they invest in and establish a legitimate business name and/or a tax ID they are nothing more than a credible street hustle (Although there is nothing wrong with that). Some people may consider a street hustle a business but let’s be real. All too often we hear stories from business owners who say they started their business with no money, be it in a garage, basement or on the back porch. What they don’t tell you however is that they had to invest in their business, meaning they had to spend money.Another issue with that I have with the “no money down business” is when I hear advertisements telling would be entrepreneurs that if you "purchase" their system than you can start a business with no money down. Hello! I just paid you so therefore I have made an investment into my business. The simple fact here is that yes you can start a business (or should I say call yourself a business) but you have to invest in your business. This in my small world constitutes having to come up with some capital. The intent here is not to discourage you but to enlighten you before you start business. If one stays true to reality then success is inevitable.

Payneless Life Coaching by Donald Payne
http://www.mrdonaldpayne.com/

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