Does it really take money to make money?

[bigbet1234]

What if you have a great product. You need labeling, marketing, inventory, production......

I see where people start out of their house with minimal investment. I imagine you can start small and maybe take on some investors when you prove there is a market for it?

 

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[rocksolid]

It does not take money to make money but it does take money to start a business.

 

[bigbet1234]

What's an example of not taking money to make money?

It does not take money to make money but it does take money to start a business.

 

[Bozigian]

You want to buy stocks, you need money

 

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[Likwid24]

What if you have a great product. You need labeling, marketing, inventory, production......

I see where people start out of their house with minimal investment. I imagine you can start small and maybe take on some investors when you prove there is a market for it?

Concerning creating products, you do need some capital if you are looking to manufacturing it yourself. But if you have some negotiating skills and do your homework, it can be done.

Outsourcing is a beautiful thing!

 

[Rickson9]

If you are an entrepreneur you do not need money to make money.

Using money to create money is for mortals like myself and others.

Best regards.

 

[bigbet1234]

Care to explain that?

If you are an entrepreneur you do not need money to make money.

Using money to create money is for mortals like myself and others.

Best regards.

 

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[rocksolid]

Examples of making money without money:

A while ago there was a guy who traded a red paperclip for things on craig's list. I think he ended up with a house.

Offer to walk a dog for money

trim the grass on a lawn for money

Clear the snow from a persons home for money

Recycle bottles for money

Find something for free on cragis list and sell it for money.

I could go on and on. Opportunity is everyplace, you just have to want it bad enough.

 

[Runum]

If you are an entrepreneur you do not need money to make money.

Using money to create money is for mortals like myself and others.

Best regards.

LOL, that's good.

 

[darkjediii]

it does not take money to make money.. When I was born i did not have money, now I do.

 

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[John C.]

Big,

I think you need enough money to prove the concept. You need to get from the idea stage to the where you have validated the market and your ability to manage and grow the company.

Once you have proven the concept you can get all the money you need. However the earlier in the process you get outside money, the more you give up. If you go for outside money too early in the process, there is a strong possibility that you will lose control. Entrepreneurs tend to be overly optimistic - they underestimate the time and money required to achieve self-sustaining growth. When you go back to investors for additional funding, you will generally take a bad hair cut.

Unless you have some personal money, can get some from friends and relatives who believe in and are willing to invest in you, it is a real struggle to get started. You might explore the possibility of contract production until you have sufficient growth to do your own. In my mind, the most important activity for a new company is revenue generation. Spend your time and effort marketing.