Obviously, not having a powerful financial backing will mean that you have to spend twice as much time and effort to move the company forward, but if we adequately comply with that premise, stay calm under stressful situations and follow specific guidelines, the business will soon begin to take shape. 

What steps must be followed to start a company with little money?

Research

Once you decide to start your own company, the first thing you should do is inform yourself about the different options. There are plenty of options to choose from and before diving into the pool, you should be clear about the business you have in mind is. 

Entrepreneurship involves a meticulous process of information, choice, organization, budget and taking action

Choose

After reading calmly about each one of the ideas that come to mind, it's time to decide. This is a very important step because from here on it will be when the company begins to become a reality, therefore, the choice must respond to a deep process of reflection on which business model is best suited to your knowledge, skills and time you have to put in to your new venture.

Organize

Like everything in life, the success of a business is directly proportional to the effort you put in and the planning you carry out. Everything must be thought through to the millimeter to minimize the margin of error: what steps are you going to take initially for the company to start operating? Who will participate in the business model? Where and how will the sale take place? And what are your short-term and long-term expectations ?, are some of the questions to bear in mind.

Budget

As small as it may be, every great project requires an initial investment and to guarantee that in time you will recover the money you advance, you must prepare a basic budget. All expenses involved in the business must be previously evaluated based on the capital you have. In this way you will always be clear about the money you have for the rest of your business movements.

Take action

All of the above will be useless if you don't go looking for potential investors and clients with who can really add to the business to. Start getting your business out there, by creating a website and social media accounts for it and get your family and friends to spread the word that you are now in business and this way you can start looking for potential clients. 

Now that you know everything about the set up, you should be confident to take a chance on your venture without risking a large amount of money, what are you waiting for?!