214. How To Start A Business on a Budget

Starting an online business is much cheaper than starting a brick-and-mortar shop, but it still has costs. So how do you navigate those costs before your business starts bringing in any money? That’s what we cover in today’s episode.I walk through the three-step process of how to start a business on a budget: Save, Research, Budget. I breakdown each one in detail, giving examples from my own experience.Being realistic in your projections and plans leads to the empowered, quality decision-making necessary to build a sustainable business. I hope this episode helps you do that.In this episode, you’ll hear…The three components of the saving phase: Save, Cut, MakeWhat costs you need to research when starting a businessHow to factor a long runway into your starting budgetClick here to find the full show notes and transcript for this episode.RESOURCES:Grab The Ultimate Bundle® on SaleJoin the waitlist for my book “When I Start My Business I’ll Be Happy: A Practical, No BS Guide to to Successful Online Entrepreneurship” Try Siteground for hosting - free domain & professional site transfer with every plan (affiliate link) https://samvanderwielen.com/sitegroundBetterment - Join Betterment and get up to 5.50% variable APY for 3 months with a qualifying deposit (affiliate link) https://samvanderwielen.com/bettermentSign up for my free weekly email “Sam’s Sidebar”Get notifiied when each episode of On Your Terms® comes outCONNECT:Get Sam's weekly newsletter, Sam's SidebarFollow Sam on InstagramFollow Sam on YouTubeSubscribe to Sam's Substack, Beyond BusinessTake Sam's free legal workshop "5 Steps to Legally Protect & Grow Your Online Business"DISCLAIMER