The idea of a universal basic income has been around for decades, but it’s only recently that the concept has become more mainstream. This article discusses how UBI could be implemented in the United States and what it could mean for society.
Is it feasible to establish a company without any cash or assets to back it up?
Anything is conceivable, and the majority of businesses were founded as a result of someone’s ideas being put down on paper and funded by people who believed in the plan’s viability. Even yet, reality is crucial. This is very dependent on the details of the company. Some companies are reasonably simple to start without capital, while others are almost impossible.
What type of company can you start if you don’t have any money?
I believe you should align your ideals with reality. Millions of service companies get their start with no money or assets. Consultants, graphic designers, accountants, and other professions are common examples. You have a talent that others need, and you have prospective clients; now all you need to do is get a job and get started. I began my business plan consulting company twenty years ago with no money or collateral, only a talent, connections, and the will to succeed. Several individuals you know are likely to have done the same.
On the other hand, some companies just cannot get off the ground without some initial funding. For example, you may wish to create and manufacture an electrical item that the world needs, but you’ll need money to pay for designers, software engineers, hardware engineers, prototypes, testing, packaging, and a variety of other start-up expenses.
Even on a lesser scale, few restaurants or retail shops open without funds set aside to cover the costs of the site, fixtures and furnishings, signs, and other expenses. In these instances, you don’t necessary need to have the money and collateral on hand, since the concept behind a successful company is to collect funds from individuals who want to share in the investment’s upside.
Bplans is all about creating a business plan and collecting funds.