214. How To Start A Business on a Budget

On Your Terms® | Legal Tips Meets Marketing Strategies for Online Business

Starting an online business is much cheaper than starting a brick-and-mortar shop, but it still has costs. So how do you navigate those costs before your business starts bringing in any money? That’s what we cover in today’s episode.

I walk through the three-step process of how to start a business on a budget: Save, Research, Budget. I breakdown each one in detail, giving examples from my own experience.

Being realistic in your projections and plans leads to the empowered, quality decision-making necessary to build a sustainable business. I hope this episode helps you do that.

In this episode, you’ll hear…

• The three components of the saving phase: Save, Cut, Make
• What costs you need to research when starting a business
• How to factor a long runway into your starting budget

Click here to find the full show notes and transcript for this episode.

RESOURCES:

• Join the waitlist for my book “When I Start My Business I’ll Be Happy: A Practical, No BS Guide to to Successful Online Entrepreneurship”
• Try Siteground for hosting - free domain & professional site transfer with every plan (affiliate link) https://samvanderwielen.com/siteground
• Betterment - Join Betterment and get up to 5.50% variable APY for 3 months with a qualifying deposit (affiliate link) https://samvanderwielen.com/betterment
• Sign up for my free weekly email “Sam’s Sidebar”
• Join the Free Legal Workshop to learn how to get your business legally protected today!

CONNECT:

• Sam on Instagram
• Sam on Facebook
• On Your Terms on Instagram

DISCLAIMER

Produced by NOVA Media

Mentioned in this episode:

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