How to Start a Business Without Money (2024 Tips & Ideas)

Рет қаралды 63,010

Күн бұрын

We started our first business with a $250 deposit. So, I am qualified to share with exactly how to start a business without money (step-by-step) and share my game-changing secrets. Business is a major key to hacking the tax game and I want to show you how to get started.
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Welcome to our channel. I’m Sean with LYFE Accounting. The accounting company that saves people from high taxes and low profits.
Now the steps I am going to share today build off of one another, so make sure you watch this entire video, so you completely understand what to do.
Alright, let's dive straight into how to start a business without money.
Outline:
How to Start a Business Without Money (0:00)
#1 Start a Service Company (1:31)
#2 Choose the Right Industry (2:44)
#3 Develop a Valuable Skill (4:44)
#4 Choose your Business Entity (6:28)
#5 Trade your Time (8:13)
#6 Start Organic Marketing (11:09)
#7 Track Your Financials (12:57)
#8 Reinvest Your Profits (14:03)
#9 Don't Stop Growing (16:19)
#10 Review & Optimize (18:01)
SAVE this video (19:23)
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Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

Пікірлер: 128

@mellowsimm1676 2 жыл бұрын

Where have you been all my LYFE?? Seriously though this information is so valid.

@antoinettehall6645 Жыл бұрын

Yes!! More confirmation for me. I am starting a service business with low startup costs. Thanks for your encouragement and example!! 👍🏽

@deelee4933 Жыл бұрын

Thank you so much for a this info. Subscribed already!

@LisaWuksinichGreenWoman 7 ай бұрын

Just found your channel today and it’s so helpful thank you!

@MarcusDurand 2 жыл бұрын

Very informative video. I encourage everyone to listen to this guy, because what he’s telling you is how you get out of having to be someone’s employee. And you can do it!

@roziemazo4185 3 жыл бұрын

This is a pretty cooh video. You were able to bring the small details that I missed out on in school. THank You!!!

@antoinettehall6645 2 жыл бұрын

I really enjoy your presentations. They are very effective, efficient and professional. I am experienced in public speaking, data analysis and data modeling. I love your advice! 👍🏾👏🏾😊

@dom_xi-dzopa720 Жыл бұрын

Lyfe is great and calm no dumb music and the cadence is relaxing good presentation and information and thew inclusion of firsthand experience.

@LorraineNoble71 Жыл бұрын

I love this video. It’s informative, clear and concise. I especially love the way you explain it in a way that I can understand. Thank you.

@pzdapest2029 8 ай бұрын

Thank you so much. I got my EIN for my sole proprietorship, and that was all I had and wasn't exactly sure which way to go next but you just helped me a lot so thank you and God Bless you and yours

@MalaniGaines 5 ай бұрын

Great job on this video 👏🏾. It was very helpful and insightful.🎉

@Angela-pi6zc 2 жыл бұрын

Action steps, informative, details, and examples...Thank you!

@isaacsykes3 9 ай бұрын

Brother, thank you this is some great content. It is greatly appreciated.

@alishadennis7769 2 жыл бұрын

Thanks for this needed information ☺️ Sean S.

@verenawestbrook2982 2 жыл бұрын

Valuable information, thank you for sharing.

@theentrepreneurmakeoveronl3272 Жыл бұрын

Thank you for sharing!

@saneyn755 2 жыл бұрын

Amazing tips thank you for sharing!

@scarletsantana2861 2 жыл бұрын

Definitely gonna come back on step #10 thanks bro🥳💗

@PorkRhyne 3 жыл бұрын

Love this video! I just started a new service business and put in my notice last week! Y'all are doing some great work, thanks for the free education!

@LYFEAccounting 3 жыл бұрын

Awesome! Thank you! What services are you providing?

@marianellaliga3801 Жыл бұрын

Thank you for these valuable videos! So glad I started watching.

@philly-nv. Жыл бұрын

Thank you for your time in educating me.

@kathywilloughby8126 2 жыл бұрын

Lyfe accounting videos are the best information. Well-formated and easy to follow and understand. Great job

@LYFEAccounting 2 жыл бұрын

Thanks!

@cafevirtualconrociocabrera3692 2 жыл бұрын

Thank.you and please keep the good content

@why78536 Жыл бұрын

This video is amazing 😊. You really know your stuff and it shows. Thank you for making high quality videos, and helping others. Keep up the amazing work 🙂

@williamdrilon75 3 күн бұрын

You do provide valuable info. For my personal taste, you’re doing a great job. This video isn’t what I thought it would be but it does give another insight about things. It basically reassured me that I’m on the right path. Thank you.

@jeromybogdonovich4805 2 жыл бұрын

super helpful!

@pamperglamzbypam Жыл бұрын

Great tips! Thanks

@okamikiba3409 2 жыл бұрын

This was very helpful. I've pursued gaining skills, but I'm on the ground level of the business side. Thank you. 😁

@KBQuick81 2 жыл бұрын

Very valuable information!

@nspire9 2 жыл бұрын

Good video. It lets you know that whatever age you are...you can make things work out for you by following your passion. One of your videos should do a walk through on filing for an EIN or LLC etc. Thanks a lot.

@inettablack4321 9 ай бұрын

Love this a lot of information

@tsunamieyes 2 жыл бұрын

Money has always been an issue but no longer. Thank You 🙏🏽

@opulentthoughts 2 жыл бұрын

Life saving info thx 😊 🙏

@cloudaround 2 жыл бұрын

You are a gem sir, thank you!

@kamiaque2970 3 жыл бұрын

Great video!! So much valuable information, thanks again

@LYFEAccounting 3 жыл бұрын

My pleasure!

@sinyandanso9552 11 ай бұрын

Very useful thanks

@testanidugger4977 3 жыл бұрын

Keep the knowledge coming bruh! Great video.

@LYFEAccounting 3 жыл бұрын

Appreciate that, Testani. Definitely will 💯

@janine2317 2 жыл бұрын

Thank you so much this video was very helpful! Could you recommend some more shows, books, articles, etc. for entrepreneurs. What sources would you recommend to keep up with current trends, regulations, etc. in the accounting industry. Thanks again!!

@lauriewalker150 2 жыл бұрын

I enjoyed your content.

@lavellriddle9111 3 жыл бұрын

This info is a Gem! Good stuff!

@LYFEAccounting 3 жыл бұрын

Glad to hear it!

@ronety6196 3 жыл бұрын

Service companies all day baby Iphone repair and ipad repairs. I enjoyed this video it was so me i use my unemployment money after working for the same company for over 7 years. pandemic hit hard! That part about opening business account had me weak tho lol Bless up King

@sharondaniel8116 Жыл бұрын

Excellent info

@jasminlalanifejerang6042 2 жыл бұрын

You are so amazing and so helpful thank you!

@LYFEAccounting 2 жыл бұрын

Happy to help!

@shirinsaghaie5090 3 жыл бұрын

thank you so much, this is very helpful.

@LYFEAccounting 3 жыл бұрын

Thanks for watching! Just curious, which part did you find most helpful?

@sunnybluesand2730 2 жыл бұрын

A good collection of info. I've considered many service businesses but, I always feel I would be at risk of getting sued by an aggressive customer if I don't have Liability Insurance.

@JoMarie07Augustine 3 жыл бұрын

I love these videos. They save me money that I would have paid a consultant, plus the info are so easy to understand

@LYFEAccounting 3 жыл бұрын

I should be charging for this advice 😂😅

@JoMarie07Augustine 3 жыл бұрын

@@LYFEAccounting let's hope youtube is paying well😂... Thank you

@proberts8400 Жыл бұрын

Thank you

@danielsilook6694 4 ай бұрын

I have been in process of opening a flooring business and I'm broke n yeah probably impossible to do it but I feel like what I've learned from you n the other speakers on here

@LYFEAccounting 2 жыл бұрын

Watch this next: "How to Become a Millionaire, Step by Step" kzfaq.info/get/bejne/gLd_ZqZkq5O8iGQ.html

@MaSungoddess777 2 жыл бұрын

Great Video

@tiffanykologo3198 Жыл бұрын

This was very gelpful

@andraywilliams9670 Жыл бұрын

I like is ideas keep it up

@reggaeism 2 жыл бұрын

I absolutely love these videos! I am a beginner tattoo artist. And I’ve dreamed of being an entrepreneur since I was a kid, did my bachelors in industrial design and my masters in business innovation but I’m not sure what road to take. these are helping me so much, THANK YOU ‼️🙏🏽

@sweetlifeofHoney 2 жыл бұрын

Beico.ing a small busimess on your onw is very simple. Watch some youtube. I just got my ein for my sole prop. Took me 10 minutes.....

@OGseoulite 3 жыл бұрын

Thank you so much cause I have been struggling for months with finding grants (even after seeing a few of your videos on them), supplies, and other resources. I just wanna make & sell my art and go invest in my other passions.

@LYFEAccounting 3 жыл бұрын

You can do it! Artist can make it far just by making content for social media

@christysingleton8066 3 жыл бұрын

Awesome information

@LYFEAccounting 3 жыл бұрын

Glad you think so!

@CeezalinoTV 2 жыл бұрын

I like it

@christinewilson9363 2 жыл бұрын

I like the video

@dtsai 3 жыл бұрын

Great videos. Can you do a video about online businesses, such as Amazon, Bloggers, KZfaqrs, etc.?

@LYFEAccounting 3 жыл бұрын

Great suggestion! Noted :)

@janiceduncan6574 2 жыл бұрын

LYFE’S LEGIT

@cashcurrentatms7961 3 жыл бұрын

🔥

@sunnybluesand2730 2 жыл бұрын

Can you tell me where I can find specific info. on registering...all legal formation info., in Michigan...I want know if I can create one business entity to run 2 or 3 related businesses under...I will have separate names and do some similar and some different things....as a sole proprietor ?

@devinmcgee5265 3 жыл бұрын

10/10

@LYFEAccounting 3 жыл бұрын

💯💯💯

@Diana-gq4qr 11 күн бұрын

How do you list your phone number without having a LLC for a business ? Thanks !

@ameliadavis9813 2 жыл бұрын

Like the information. I have a few questions. Is there away to contact you or this is what I get.

@ramzee2581 3 жыл бұрын

Excellent video as always, thanks!! I stared as an LLC and drive approx 50 miles a day. I am currently logging all my miles for tax purposes. Do I also add gas and car service receipts ?

@LYFEAccounting 3 жыл бұрын

Ram, great working keep track so far! So there are ways to write off a car 1) with the standard mileage deduction and for that you need to track only your business miles (which you are currently doing) 2) with the actual expense method and for that you need to track all your expenses and keep your receipts (what you are asking about) You usually want to go with the deduction that will give you the biggest write-off. Since idk all your expenses I can't tell you for sure, but it sounds like mileage

@ramzee2581 3 жыл бұрын

@@LYFEAccounting GM, Sean thanks so much for the info. Have a great weekend

@ronety6196 3 жыл бұрын

Can you make a video on Mixed Earner Unemployment compensation and staring a service business being a sole proprietorship? I Really think there is a lot more people like me who was force to open a business just to support their family.

@LYFEAccounting 3 жыл бұрын

Hey Rone, noted! thanks for the suggestion

@ronety6196 3 жыл бұрын

@@LYFEAccounting anytime

@marzzb3784 2 жыл бұрын

Marz NYC I've filed my LLC June and with my last. After lay off Oct 2020 and unemployment end in Feb 21 I jumped in and have been stuck ever since. I'm a crafter and have some supplies but reality is I've got no space live with energy suckin vampires on their terf. I need a free website to advertise as my LLC site limited (ZEN) has none, and side order of computer illiterate and sucky computer & service. This taking to long... Help?!?

@TheCoolmandingo 3 жыл бұрын

Very helpful! Should I get an LLC for a auto detailing company? I won’t begin the work until spring of 2022 because of financial and reorganization of my life!

@LYFEAccounting 3 жыл бұрын

You should watch my video on "the disadvantages of an LLC" and decide for yourself!

@darkange1582 2 жыл бұрын

I'm wanting to do the exact same thing currently. I'm in north east Texas. Funding is my biggest challenge right now.

@alfredburgos1619 3 жыл бұрын

Content is Great! Nice to see a minority owned company educate and advocate for entrepreneurship. If you have any "live events" , let me know. Like a nice business write off while I educate myself and have the opportunity to network.

@LYFEAccounting 3 жыл бұрын

Great suggestion! Definitely will consider doing something live

@antoinettehall6645 2 жыл бұрын

I agree and would like info on any of your speaking engagements, please. I'm enjoying Lyfe's KZfaq videos for now. 😎👍🏾👏🏾

@lerr001jr7 3 жыл бұрын

Really good info. You are basically talking about me however I do need some money to start. Purchasing equipment and paying for insurance will cost a bit for me to get started. I have been searching for grants and incentives that are offered to minority owned businesses. Any ideas regarding this?

@LYFEAccounting 3 жыл бұрын

Have you already checked out our other grant videos and business loans?

@louisedost8476 2 жыл бұрын

Bootstrap club member😁

@LYFEAccounting 2 жыл бұрын

💯😂💯

@trelle1718 2 жыл бұрын

Hello I'm looking for money to startup a trucking company. I need money to purchase a truck can you help point me in right direction?

@tiffybearjames 8 ай бұрын

Dtn have money

@shawtyduwop5691 2 жыл бұрын

I'm trying to start a shirt busines online

@sweetlifeofHoney 2 жыл бұрын

Great idea!!- hope its going well

@waylandgonzales1534 3 жыл бұрын

I've been doing air conditioning and heating for 18 years just got my contractor's license LLC and insurance and now I'm dead in the water because I'm tapped out and cannot find funding and cannot find funding resources can't get a traditional loan everywhere I look for a Grant I'm told that there's no Grant I'm told that there's no such thing as free money for businesses

@LYFEAccounting 3 жыл бұрын

What do you need the funding for exactly?

@waylandgonzales1534 3 жыл бұрын

@@LYFEAccounting material, equipment, work vehicles, labor the list goes on

@LYFEAccounting 3 жыл бұрын

I would think you would own all of that after 18 years?

@waylandgonzales1534 3 жыл бұрын

@@LYFEAccounting maybe you misunderstood me I've been in the field as a worker for 18 years I just struck off on my own 😐

@waylandgonzales1534 3 жыл бұрын

@@LYFEAccounting I appreciate your smug smart-ass response

@alishadennis7769 2 жыл бұрын

This text won't let me correct a couple if words in my first post, yet u know what I'm saying in it, ok 😃!!!

@davidprice4169 Жыл бұрын

I'm a Welder

@catherineheart3436 2 жыл бұрын

Lol #8

@jtcmlt1 2 жыл бұрын

@LYFE Accounting Should I start a LLC if I am a Real Estate Agent? If so, how do I do?

@4-everyyoursyah574 Жыл бұрын

Wow! The golden nuggets that you drop are so valuable that we intentionally share your channel with our clients, on a daily basis! I want my culture to know that there are ways to improve our quality!We would like to make use of your tax services for our company! Please provide your contact info.