Can I start a business with $0?

Yes, service-based businesses can start with minimal upfront costs if you already have a computer and internet. However, you'll still need to plan for ongoing expenses and personal living costs during the initial phase.

How much does it cost to start an online business vs. a retail store?

Online businesses typically cost $2,000-$50,000 to start, while retail stores range from $10,000-$300,000. The main difference is no physical location costs, lower inventory requirements, and simpler operations for online businesses.

What if I run out of cash before becoming profitable?

This is why the contingency fund is crucial. Have backup funding sources, ways to reduce costs quickly, and a clear timeline for when you'll need to make tough decisions about the business's future.

Should I quit my job to start a business?

Not necessarily. Many successful businesses start as side projects while maintaining your primary income. This reduces financial pressure and lets you validate your idea before going full-time.

How long should my startup budget last?

Plan for at least 6-12 months of operating expenses, including personal living costs. Many businesses take longer than expected to become profitable, so having a longer runway gives you more flexibility and reduces stress.