Frequently asked questions on how to start a business with little money
Starting a business with little or no money is all about smart planning and resourcefulness. Here are a number of FAQs that people have asked on this subject.
Besides government funding, what other ways can I finance my start-up with limited personal capital?
Apart from government funding, entrepreneurs often employ “bootstrapping,” which involves self-funding through personal savings (if any), diligently reducing personal expenses to reinvest in the business, and carefully managing cash flow. … More
Is it truly possible to start a business with little to no money in South Africa?
Yes, it is possible, although it requires careful planning, creativity, and a strong entrepreneurial spirit. Many successful businesses, even global brands, started with minimal capital. Focus on leveraging existing skills, … More
What are some business ideas suitable for starting in a “kasi” (township) environment with minimal capital?
The “kasi” offers unique opportunities for low-cost start-ups that cater to local needs. Examples include offering daycare services for working parents, providing hair services by visiting clients or from home, … More
What are some key strategies for minimising start-up costs
There are a number of ways to reduce your start up costs. Working from home eliminates office rental and travel costs. Using free or low-cost online services for website development … More
What are some practical steps I can take to minimise start-up costs?
To minimise outgoings when starting a business with little money, consider working from home to save on office and travel costs. Leverage cheap or free online services for tasks like … More
What is the importance of a business plan when starting a business with limited funds?
A detailed business plan is important to act as a navigational guide. It helps you structure your ideas, understand your market, streamline your brand, and determine your financial future. It … More
What types of non-repayable business grants are available in South Africa, and what do they typically support?
Several non-repayable business grant programmes exist in South Africa, often targeting specific sectors or demographics. Examples include the Agro-Processing Support Scheme (APSS) for businesses in food and beverage processing, the … More
