How to launch a successful business with zero money
Before starting the computer software company that made it a millionaire, the famous investor Mark Cuban thought that a different business idea would be a illegal hit.
At the age of 24, Cuba decided to sell powdered milk as a new university graduate willing to strike on its own before creating the starting micraders. He had very little money, and now he said to the 66 -year -old CNBC, “less than $ 20.”
It lasted about 30 days before his dust as a milk seller threw it into the towel. Fortunately for him, he didn’t have much money in the attempt – “he just will take an example and enough to realize that no one wants to buy them,” he says.
During that month, he threw it to everyone who listened to the Cuba product and told Emma Grede on 15 July. section His “aspire” podcast. “I take an example for people, ‘Look, milk is expensive. We are free, right?” And just to see the appearance on your face … The point was taken. “
He saw the Cuba product as costly, but “did not sell,” he added.
It started shortly after that Microtoltions and 32 years old, in 1990, he sold this business to Compuserve for $ 6 million. After 10 years, the second attempt, the sound flow service Broadcast.com was sold to Yahoo for $ 6 billion. The estimated net value is now 6 billion dollars, Forbes.
Powder milk may not be profitable, but raid gave him a valuable lesson about failure, Grde Grde said: “[It] It doesn’t matter how many times you fail. You should only be right once. Only once. ‘
How can you start a successful business with $ 0?
If you don’t have money to remove your business idea from the ground, Cuba has a advice for you: Enter all sweat equality.
“First, you have to find the right product or service,” Podcast said. “If you don’t have money, most likely [your business] It will be a service. “
He said something you do well and a need for other people and combine the two. This may include private lessons, free writing or graphic design, dog hiking or social media management.
CNBC talent spoke to various entrepreneurs who find the profitable ways to use their abilities with open investments that are not very small, Derrick Morgan Jr.-InDianapolis-based lawyer As LinkedIn Content Creator and Career Coach, Jean Kang, a former major technology program manager in 2024, created a Covid era, which offered his expertise in filing trademarks at the concert platform FİRRR FİRRR.
If Cuba had to start a new business without money today, he would focus on artificial intelligence, he said-Derhal taught using free AI Chatbots to sharpen his engineering skills and then taught small business owners how to use technology to increase their profitability.
“If I were free, if I slept on the ground again, I would be related to AI, Cub Cuba said. “If I had access to a library and $ 0, I’d be about AI. I’d be there until I got out of me.”
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