How To STARTUP with NO Money in 2021! Raising money has never been so easy!

TL;DR

Learn how to start a business with no money by leveraging marketing, sales, and intuition.

Transcript

my name's simon squibb and today we're going to be talking about how to raise money for your business now i built 18 companies from scratch 13 of them i started with no money at all one of my last companies fluid i sold to pwc for more money than i'll ever need now raising money is not as hard as it sounds and i'm going to create a whole playlist f... Read More

Key Insights

• 🤑 Starting a business with no money is possible by leveraging creative ideas and finding partners or clients who can provide funding.
• 👨‍💼 Marketing and sales skills are crucial for attracting partners or clients willing to invest in the business.
• 🖐️ Luck can play a role in securing partnerships and investments, but it can be considered a skill that can be developed.
• 😇 There are multiple ways to raise money for a business, including crowdfunding, loans, grants, and seeking investment from angel investors or venture capitalists.
• 💗 Cash flow management is important for sustaining and growing a business, regardless of whether it started with or without capital.
• 🖤 Building a successful business requires a mindset focused on finding solutions and not being limited by the lack of capital.
• 🥳 Sharing knowledge and resources with others who are looking to start or grow a business can be beneficial for both parties.

Questions & Answers

Q: How did Simon Squibb start a business with no money?

Simon Squibb started his business, Coaster Ads, by presenting the idea to top brands and securing a partnership with United Airlines. They funded the execution of the business idea.

Q: How did Coaster Ads generate revenue?

Coaster Ads generated revenue by placing branded coasters in bars and restaurants, offering advertising space to brands. The company charged a fee for the advertising space.

Q: What was the key to success in starting a business without capital?

The key to success was leveraging marketing, sales, and intuition. Simon Squibb emphasizes the importance of finding creative ways to start a business without relying on capital.

Q: What are some other ways to raise money for a business?

Simon Squibb promises to cover various ways to raise money in a series of videos, including raising funds from family and friends, angel investors, venture capitalists, corporations, and managing cash flow effectively.

Summary & Key Takeaways

• The speaker, Simon Squibb, shares his experience of building 18 companies, 13 of which started with no money.

• He explains how he started a successful business called Coaster Ads by turning coasters into advertising space.

• Instead of using their own capital, they presented the idea to top brands and secured a partnership with United Airlines, which funded the execution of the idea.