Amaresh Rajaratnam

Official Website of Amaresh Rajaratnam | Entrepreneur

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How to Start a Business With Absolutely No Money

Posted by Amaresh on July 9, 2016 at 5:30 PM

“You don’t need the money, you need a better strategy.” Has anyone ever told you this?
Does it sound like a far-out theory that doesn’t register with how the rest of the world operates?

A large number of would-be entrepreneurs possess the desire, the motivation and the leadership to start a business, but are held back by their lack of money (and their perception of its importance). For them, the path to greatness stops there. But it doesn’t have to. 


An entire online course has been built around the counter-intuitive statement that “you don’t need the money, you need a better strategy.” https://www.udemy.com/how-to-start-a-business-with-no-money-borrowing-or-credit/?pmtag=ENTREPRENEUR30&utm_source=growth-affiliate&utm_medium=linkshare&utm_term=3v1eaz/3E9E&utm_content=blogpost&utm_campaign=_._pn_3v1eaz/3E9E_._ci__._ex_Y_._&siteID=3v1eaz_3E9E-99LdBrIlePm4cyBQ1K7CFw&LSNPUBID=3v1eaz/3E9E" target="_blank">Udemy.com’s course, “How To Start a Business With No Money, Borrowing or Credit,” makes this statement repeatedly and actually analyzes real business case studies that prove it.


The course authors, Peter Sage and Jimmy Naraine, have started several businesses with no money, and share their learning experiences with their students. Sage is a celebrity entrepreneur who personally started over 20 companies -- of which some failed (and he took away lessons!), and others have become large global success stories. Naraine’s path to greatness includes working for companies such as Goldman Sachs, running his own businesses and sharing his inspiration with more than 41,000 students.


For anyone wanting to learn success strategies for how to shortcut the need for money when starting a business, Sage and Naraine cover: dealing with haters and naysayers on your entrepreneurial journey, essential keys for designing a strategy for your business, an exercise to boost your confidence in your business abilities and navigating the tricky path to selecting partners.


You should expect to walk out of the course with an understanding of these key tools:


  • Five ways to make money
  • The difference between an emotional vs. a financial bank account
  • The mechanics of making money
  • Ways to create money
  • Several case studies to back up these strategies

According to my own personal experience in business, I have first founded my company with no money but only with my academical practical experience in computer hardware repairing, servicing, software installation, OS loading and graphic designing. With these experiences I started to provide services for the people who needed help. Once I saw that my service is being wonderful and lot of people ask me to do this and that, I prepared to register my business as a legal entity to make money and become a tax payer of the nation.


Now since I first started my business in 2010, its now has grown bigger into multinational business platform to provide, web designing, web development, graphics and animation services, computer networking solutions, software development (cloud based, android apps, iOS apps) development and recently from 2015 onwards, electronic productions such as smartwatches and smart television.


Most people say that I founded my business with the help of my family maybe, they might fund me to start up a business and also I might borrow some money from someone to startup a business. Absolutely NOT. My family was against my business. Its a funny situation now when thinking of what I did to solve the issue. 


The first company I started is CSWD (Computer Services and Web Development) company in 2010 with 2 IT students of my batch in Colombo, Sri Lanka to service computer services and web development services. It then failed to operate because all who involved in working on the business have gone abroad because in Sri Lanka it is a fashion that if you get a chance to go abroad you will leave everything here and run there and finally say that you are very rich there. In my opinion I say that it's about people don't like to take the risks and be smart to develop from sketch. So the company CSWD shut downed in 2012.


From 2012 I started a Limited Liability business named https://www.arriyon.com" target="_blank">Arriyon Creativ (Private) Limited and its the business which I am doing since 2012 to present. You can seriously startup a business with no money. All you have to do is to plan what are you going to do and what services that you are going to offer to your clients. There are many ways to startup a business by yourself or with your friends and family.

Categories: Entrepreneurship

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