Business!A word that means many different things to many different people. To many it conjures up pictures of wildly rich people who are richer than royalty, to others it means hard work and spending money without being sure that you will get anything in return, to some people it means fat sweaty commuters who spend all their free time talking about investments and playing with their blackberries. But to me business is the key to freedom which career, job-minded people will never experience.
There's a common saying that "business is business" but I'm not so sure it is. Sure being an investment banker is business, so too is being a self-employed plumber...but I have something else in mind...
In a 'freedom business' you should aim for two things. Firstly you should think about whether you business can be residual (or recurrent) and secondly if you are starting out small - is it scalable?
I'm not going to go into any further details right now but if you do some research on Robert Kiyosaki's
Rich Dad Poor Dad you will get a flavour of what I'm talking about.
I'm starting a business with no money!Being an enterprising sort of person I have thought about many different business ideas some of which I have dropped, some I'm researching and others I have stowed away so that I can start them in the future. One of the big reasons people never get started is that they are cautious about spending money on starting up a business which may not take off; and rightly so who wants to see their hard earned money disappear with nothing to show for it?
The internet has been a great innovation for starting up small business because online premises are considerably cheaper than renting a high street shop space. In fact I'm going to suggest that they are so cheap that they can be free!
I will be using cafepress.com to try and start turning a profit without using any initial investment. Cafepress is a website which I first read about in a book called Internet Riches where you can upload a design (pictures, graphics or even just text) and can then sell it printed onto various products including T-shirts via the website.
My friends at university are getting ready to graduate and I decided that I could design some good T-shirts for graduates. I started with very specific designs for the university I went to (Goldsmiths) and then did more generic ones for students everywhere.
Here is my Goldsmiths shop:
www.cafepress.com/goldgradand here is my generic one:
www.cafepress.com/teesforgradsCafepress offers two options when you start out - basic shops or premium shops. Premium shops are far superior to basic shops but you need to pay to open a premium shop so I'm starting out basic.
Now that I've got my shops and designs ready I will spend 1 hour a day marketing the sites for the next month and will see what happens!
Make sure you come back to find out how it all goes over the next month as I promote my no cash startup bit by bit!