Laura Cattano went from working in a restaurant to managing her own business in less than a year and spent "next to nothing" to get started.
Her biggest initial startup costs? Replacing an old computer and spending about $400 to create an LLC. Since then, Cattano's client list for her professional organizing business has grown to be "in the thousands" and multiple major fashion magazines have featured her work.
"My advice is to go out there and do it," Cattano said. "Starting a business is not easy. It's a lot of hard work, but if you take your work seriously, people will notice."
If you're looking to start your own business, think about what skills you have, career experts said.
"Ask yourself, 'What's my passion?'" career and life coach Deborah Brown-Volkman said. "People want control over their career, and so creating their own business for under $1,000 gives them the ability to test it out, to see what works and what doesn't."
Experts say once you feel you're onto something, purchase some sort of business insurance, which will likely be a big chunk of your costs. Basic business insurance usually ranges from $200 to $500 a month, varying depending on location.