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Start a Business for $200 or Less

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Good Morning America has been running a series called “Take More Control of Your Life” and this morning’s feature was starting a home-based business for $200 or less.  You have heard me talk about it before, and it is a reality that you can become an entrepreneur for very little money.  You don’t need thousands in venture capital or a huge small business loan from the bank to get started.

This article and segment was geared more towards the stay-at-home mom that wants to earn some extra cash while running a household, however, the concepts are universal.  Make sure you pick something that you love doing, otherwise, it’s hard to grow a business that your heart is not behind. Find creative ways to market your business that generate free publicity.  Make sure you have a web presence!  Check out the article and the video for more tips and ideas.  I like these kinds of segments because they pump me up for the day that I will soon venture into full-time entpreneurship.

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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