It's O.K. To Start Small

Posted by: Rod Kurtz on August 30, 2005

You don’t need a lot of money to start a business. I see a lot of people not venturing forth because they think they have to get big-time financing. I really believe in the start-in-your-garage philosophy.

Linda Phillips-Jones
Co-Founder and Principal Consultant
The Mentoring Group
Grass Valley, Calif.

Reader Comments

Samuel Mason

August 30, 2005 9:16 AM

Great comment Linda,

Small business magazines and tape series like 'Rich Dad Poor Dad' and 'The Millionaire Next Door' convinced me that a small business can be started with nothing. All you need is a marketable skill, potential clients and the guts to market yourself. Being brave is key.

Also, one must be willing to start small. No need to start a high-tech consultancy with a staff of dozens in an expensive office with expensive furniture. No! Get a gig to design something, write something, model something, or whatever you do, and do it yourself, from your home office with help from family and friends as needed. Just execute!

My last comment is in regards to software: 90% of all software "tools" you could ever convince yourself that you "need" can be found via "open source." Don't waste your money foolishly.

Yvonne DiVita

August 30, 2005 1:20 PM

Starting in your basement is fine -- we did that. Now, we have enough clients to pay some of the bills, but not all. We had to rent office space and buy equipment... and got just enough funding to fail!

I'm determined -- hence, I work very hard to get clients. But more clients means needing more help which costs more money. It's a vicious circle. I will make it. Failure is not an option. But, I wonder how others in the same boat manage. They're my market...

Ian Melhado

September 9, 2005 4:37 AM

I completely agree with Samuel's comment. We have a small business with an online presence. We run our own webserver, mail server, database, inventory system and accounting system. And, have not spent one dime on software. There is so much available that's open source it makes no sense for a small business to saddle itself with the added overhead of very expensive software that you may or may not use.

michael

November 2, 2005 7:05 PM

I started with nothing but my heart full of desire not to let my family down. My high paying job was going to go away so thats when I started to research how to do it with nothing but web hosting and a shopping cart thank god for Yahoo small buisness all online and sense I was not going to give up my high speed connection I made it pay for itself, sure I used a charge card but I was going to anyway to live just made it work for me so when the job went away I was ready and to the day I am still here today. You just have to want it and go get it.

Venkatesh C.

July 27, 2007 9:28 AM

I am a mechanical engineer woking for a IT services provider. Many times I think of starting my own buiseness. And one thing that comes to my mind is, can I do it? The idea of starting small brings confidence.

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