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Franchises

Can I Start a Business with No Startup Capital?

I am an electrical engineer and want to be my own boss. But how can I start a business if I have zero capital to work with?
- Guest Writer
Entrepreneur, Business Planner and Angel Investor
Opinions expressed by Entrepreneur contributors are their own.
Of course you can start some kinds of businesses with no capital. Service businesses tend to need a lot less capital than product businesses. Professional service businesses such as graphic arts, management consulting, engineering consulting, accounting and similar businesses don't need a lot of capital.

If you have clients -- as in work to do and clients to bill for it -- you can get going very fast.

I'm not an electrical engineer, but I have to assume you can start your own business as an electrical engineer for hire, as a consultant, without needing much more than your expertise and credentials. Will your business require equipment such as a computer? Will you need a marketing budget? You might, but then again you might be able to start your consulting business simply by calling a few contacts and getting hired.

Also, put yourself on Facebook, LinkedIn, and Twitter, if you haven't already. Those are all free avenues for finding customers.

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