There are many people who want to start a business but are unable to do so due to lack of funds. If they take care of some things, they can start the business successfully. Let's see what it is.

1.Bootstrapping: Bootstrapping means starting a business with a limited amount of money. Start a business with your personal savings. When you make a profit, invest back into the business. Reduce your expenses and increase your income over time.

2.Minimum Viable Product (MVP) Approach: Minimum Viable Product (MVP) approach is a product development strategy that prepares a version of your product or service by collecting user feedback to realise the idea of the product.

Example: If you plan to provide a voicemail transcription service, you can start with a release that only allows users to download and listen to voicemails. You can use the feedback from that release to decide whether to add other features, such as sending voicemails via email.

3.Use natural and low-cost resources: Entrepreneurs find a variety of free and cheap resources available to them. This includes open-source software, free online tools for website development, social media platforms for marketing, and free education portals that enhance new skills and knowledge.

4.Bartering & Collaboration: This is a type of partnership between a brand and a social media creator. There the brand passes on the products or services of the brand to the creator in exchange for promotion.

5.c Creative Marketing Strategies: Understand the importance of low-cost marketing strategies. Discuss social media engagement, influencer partnerships, and community building. Motivate entrepreneurs to tell their story and try to attract customers with their network.

6.q Crowdfunding & Alternative Funding Options: Entrepreneurs can take advantage of the crowdfunding platform that collects money from their backers to raise funds for their business. Also discuss the possibility of alternative funding options designed for start-ups, such as microloans, grants, and more.

7.Use the existing: Look for ways in which existing systems and resources can be used instead of building everything new. For example, try to expand collaboration using shared workspaces or co-working spaces. Take advantage of certain activities using freelancers or virtual assistants.

8.Developing Skills: Develop skills that are relevant to your field of business. Try to acquire new skills through online courses and workshops.