MODERN START-UPS
Shoestring Start ups
By Alan Manly
A
ll big companies start
small. Taking heart from
this adage it is obvious
that if you have a great idea and
no money you are embarking on
a well-worn path. Sadly many fail
not through lack of enthusiasm
64 ModernBusiness
October 2016
but more from a lack of cunning.
Assuming that money is in short
supply how can you start a
business on a shoe string budget?
Many start-ups are realistic
enough to appreciate that a bank
will not lend them money for their
start up. So let’s explore how to
fund a start up on a shoe string
budget.
Step one: create a winning
business plan
A Business plan to clarify what