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Entrepreneurship Simplified

Launching a Business with Less Than $1,000 — Is it Possible?

Broadcast on:
26 Mar 2025

Starting a business without a lot of money sounds impossible, right? You hear people talk about getting loans, finding investors, and having to drop serious cash on inventory. It can feel like you need a mountain of money just to get started. But what if you could launch a business with less than $1,000? Is that really possible, or just a pipe dream?

 

In this episode, I share what it’s really like to bootstrap a business — to make it work with what you have. I talk about my own experience of trying to start a business from scratch and the struggles of getting traditional funding. Let me tell you, banks don’t just hand out money to brand-new entrepreneurs, no matter what you might hear. So instead of going for high-cost, high-risk ventures, I’ve always leaned toward service-based businesses. If you can offer a skill — whether it’s cleaning pools, fixing things around the house, or some other hands-on service — you can start small, scale slowly, and build from there.

I also get into the practical steps you can take if you’re looking to start a business with limited funds. I talk about setting up an LLC to protect yourself, using free or low-cost advertising through social media and Google Business Profile, and keeping expenses as low as possible until your business starts bringing in cash. If you’re wondering if you can make a business work without a big budget, this episode is for you.

If you’ve got questions or you’re just curious to hear more, reach out! I’d love to help you figure out how to make your idea work without breaking the bank.

EPISODE HIGHLIGHTS:

00:00 - Introduction

00:31 - What is bootstrapping?

01:09 - Why high-cost startup ideas are difficult for beginners

01:47 - The reality of SBA loans for new entrepreneurs

03:00 - Starting a side hustle and setting it up for success

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