How Much Money Do You Need to Start a Business? The typical thinking is that $100,000 is needed to start a business. But in reality, the typical startup spends significantly less. In this episode we will explore ideas to get your business started with little or no investment. Money Plan to Start a Business [Tweet "It costs less than $10k to start a business. #entrepreneur #startupcost"] No one ever really asks "How Much Money Do You Need to Start a Business?" - instead they just assume that is it some figure such as $100,000. * Define why you need money Equipment and tools Pay yourself and your team Marketing * How to do it on the cheap - Equipment Rent or borrow Use what you have already and add as needed * Team Building Hire on a project by project basis Do not quit your day job yet Manage the cash flow * Marketing Be OK with growing slow Engage current or previous customers for referrals Use sweat equity * Avoid the two lies of business startups You have to invest in things to grow Debt is normal * Listen to the advice of others - but use your brain Join and listen to find tricks to start your own business for less.  Links mentioned in this episode: * Being Lean in Your Business * Upwork - Freelancers * EntreLeadership * Building Your Own Business Podcast Details: Click Here to Subscribe via RSS (non-iTunes feed) Subscribing is simple! * Go to iTunes. * Click Open In iTunes * Hit subscribe! While there why not leave me a review! Stitcher If you are a Stitcher listener, I have not left you out! Just click Company of One on Stitcher!