Raising cash in a hurry #25: Start your own business
Late on rent? Loan shark breathing down your neck? Can't fill your car with gas to get to work on Monday? Assuming all available funds and traditional sources of credit are tapped out, here are 25 (legal) ways to
raise cash in a few days. We list them in order from least to most desperate.
If you're going to do it right, it's not always a quick way to earn cash. But earning money by starting your own business can be a fast way to bring money into your account.
A little over 10 years ago, I started freelancing for Entrepreneur magazine. Since then, I've interviewed hundreds of CEOs, of mostly small and medium-sized businesses, though every once in awhile I'd talk to someone who looms large, like the founder of Monster.com. Oddly enough, I don't remember meeting anyone and leaving them, thinking that they were in the business solely for the money, but that ultimately is what everyone wants to make. That green stuff gives an entrepreneur the chance to keeping doing what they love, and when they get a lot of it, it's a good measuring stick that their company is successful.
But what has struck me is how even the biggest companies usually started off small, and how if you want to start a business, you don't have to invest much money to make money. Sometimes you can start a business with next to nothing.
I once interviewed a married couple, Jacob and Susan D'Aniello, who had begun their own pooper scooper business. It's now a multi-million dollar franchise called DoodyCalls, but in the beginning, it was just them, a bag, a little shovel... They started the business when they were dating and basically fell in love over canine feces, and while the business became complicated, in the beginning, it only involved a little time, some exercise and then collecting the fee a short time later. I've always been impressed with that -- and, yes, I know there are many other pooper scooper franchises out there -- in the sense that they didn't need many resources at all to begin their business.
If you're skilled with computers, you could set out a shingle and become a part-time computer repair-person. If you know how to cook, you could start to run a catering business out of your home (but check with your state; preparing food for the public out of your own kitchen can sometimes run afoul of the law). If you like being outdoors and have a lawn mower, you could sell cheese.
(Just wanted to see if you were all paying attention.)
If you want to get some quick cash, certainly there are limitations to what sort of business you can begin. If you need a lot of inventory, you're going to have to spend money to make your money. But if you're going to do something that takes your skill, talent or knowledge, you can bring in cash quite quickly. No matter what, though, provided you enjoy what you're doing, if you start a business, whether you're successful or not, it's always rewarding.
Bottom Line:A home business based on your talents could provide you the flexibility to work through lean times, not just this time, but for a long time.
Geoff Williams is a business journalist, mostly for Entrepreneur magazine, and is the author of C.C. Pyle's Amazing Foot Race: The True Story of the 1928 Coast-to-Coast Run Across America (Rodale).
All 25 ways to raise quick cash.
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Reader Comments (Page 1 of 1)
6-17-2008 @ 8:32AM
Sally Endeley said...
Please send me ideas on computer home base business. Thanks
Reply
6-23-2008 @ 8:32AM
Robin said...
go to www.clarkhoward.com he is the financial guru who helps people save money without getting ripped off.
Go to his search for "work at home". Be careful though any business that asked for money is a sham. and the "survey" jobs are a pain in the a@@ unless you have all day long to stay on the computer! Good Luck
6-17-2008 @ 12:22PM
don said...
the last two entries are just ads for amway-like jobs.
Reply
6-17-2008 @ 12:41PM
Craig McConnell said...
I would also like some good and low budget ideas for computer home based business.
Thanks!
Reply
8-13-2008 @ 5:36PM
Yudy said...
Hi: Craig McConnell,
This is in regards of computer business opportunities.
I don't know if you have heard about Global Domains International, is a domain name company based in California. with a Multilevel Marketing Program were they give you the opportunity to promote their product online and off, you will be offering a Amazing Business opportunity plus a package deal that includes a free 7 day trial then is just $10.00 per month, for this $10. you will received a .WS domain name, 10 costum e-mail addresess, free hosting, parking,email forwarding and much more. this $10 is easy to get back, why do I say this is because once you start building your network by only refering 5 persons to do the same work withing a week you will be paid $100.00 dollars to your Paypal account plus 10% on each paid member after the free trial. the 10% of $10.00=$1.00each per month. thank you for your intrest.
For more acurate info visit: to see a short presentation of this opportunity.
http://www.website.ws/keystosuccess/show
6-17-2008 @ 5:53PM
Kristen Valle said...
Please send me some home based low budget ideas for home business as well
Reply
6-17-2008 @ 10:59PM
Lisa Hamilton said...
You can find lots of great ideas to start a home-based low cost business (such as dog walker, wedding planner, party planner, personal shopper, interior decorator, home stager, professional organizer, image consultant, cake decorator, pet sitter, and lots more ideas) at FabJob.com at http://www.FabJob.com
Reply
6-21-2008 @ 3:40PM
Dan Borg said...
Anyone have any ideas on starting an online hobby shop, specializing mostly in scale models -- on the cheap, without a HUGE inventory, and cheap webpage?
Thanks!
Reply