Hi, how do i budget my startup project if i have 0 money, but very good idea.
So I have this good idea about a startup, but I am new in this world I know a bit of SMMA and Sales, not that much tho. But the problem is I have a very good startup idea that i think will explode. But I dont have no money to start it so what is the best way to find investors to invest in my startup.
My suggestions is that totally consider working on your startup on the side, when you have a fulltime job. It proves two things:
- You are passionate
- You test your idea better when your own finances are on the line
- There is almost no idea that cannot be done as a side job (exceptions to this are a few)
If you think you need a lot of money to build it, try to validate by assessing people's interest. Watch this if you think that is not possible: https://www.youtube.com/watch?v=bqPARIKHbN8
Start by identifying your essential expenses, such as legal and accounting fees, and prioritize them in your budget. Look for free or low-cost resources, such as open-source software, co-working spaces, and virtual tools. Look for ways to generate revenue early on, such as offering a freemium version of your product or finding a small group of paying customers. Network and seek out mentors or advisors who can offer guidance and potentially provide funding. Consider alternative forms of funding, such as crowdfunding or small business loans. Cut unnecessary expenses and focus on creating a MVP (Minimum Viable Product) to validate your idea and attract investors.