I’m here to tell you it costs a LOT less than 5,000. This is just off the top of my head for shit you don’t even really need, but would be nice to have figured out. You just need a laptop and to pop the Government titty out of your mouth and get to work.
Udemy/Coursera/Mastermind Monthly cost – 60$ Registered agent- 150$ Website – 40-150$ QBO subscription- FREE – 60 dollars Canva subscription for making your own reels and ads – 30$ CRM- FREE- 40$ VPN- 10-30$ Business Cards- FREE for the first 100 off Canva Joining a local BNI chapter – 500-1000$ Used or Mid-tier laptop with peripherals – 500$ ads on Facebook/Google – Flexible, lowest tiers as low as 5$ a day for 100 impressions
If you already have everything you need, you can.
You CAN build a business with $5,000 if you are okay with Dealing Drugs for a while to increase your base funding for your passion project.
I’m a small business attorney who works pro-bono with my SBA. I started my small business with much less than $5000. I help people regularly who are starting their small businesses with less than $5000.
You’re not renting a storefront with that amount of money, but service industries exist and can be run out of your own home, and shipping your own product from your house is inexpensive as well.
Edit: Any explanation for the rush of downvotes would be appreciated. Obviously there are plenty of businesses you can’t start with only $5000. But “nobody can start a small business with $5000” is demonstrably incorrect. From my experience, the majority of small businesses are started with less than $5000.
Maybe your dream is to run a business for a month by running I mean just paying one month rent
Massively depends on the type of business. I started mine the first year on around 2k, and in. 4 years was doing over 100k in revenue annually.
ETA: Damn y’all salty below lol. I manufactured niche physical products from a small workshop in my hours outside of my dayjob work for years and a mixture of luck, timing, and advertising let it snowball into a profitable business after several years. Milage may vary. Software micro-services are probably way more lucrative than trying to make stuff.
It’s one of the reasons I am thrilled Harris is expanding support for business upstarts is that the first years really really make or break something, and a store with a physical space comes with huge additional overheads.
It’s funny, Trump says something stupid, everyone laughs, suddenly conservatives, because their fees fees have been hurt, act as if Kamala said instead.
Some people start a business with a $25 used lawnmower. Like every teenager that mowed lawns to buy a car.
You can start a business for the cost of a business license.
The jokes write themselves
I don’t know if people think this is a grant or what, but that’s not the case, it’s a tax deduction. Meaning the amount of money you can earn before you have to start paying taxes on it.
$5000 is chump change. You have a business where you charge $100 a pop for your services and you do 2 a day, that gets you essentially a month of income tax free. $50k could be closer to the full year’s worth of income, which sets the business up for success, and the next year they have no problem paying the standard taxes.
You can start a business with less than $5,000 if it isn’t capital intensive. I did. If you’re orgainized and have a skill in demand, you’ll be fine. Really, it’s pretty much that simple.
I knew some dudes in a band out in San Diego who needed to make money to support their touring. They started a window cleaning business. Literally squeegees water soap rags a website and then going door to door.
So you can start a business with $5k.
Car detailing for example can be started for around $2k for all the chemicals and equipment you need to start. You’ll have to upgrade later but it’s definitely doable.
Pressure washer, chemicals, towels, wash buckets, mitts, DA polisher. Can be purchased for around $1200 for quality stuff. Then add in online marketing for initial sales. Than from there it’s about building your business.
Laws service. House washing. Painting company. All can be started and functioning for under $5k in equipment
Yes most businesses can’t be started for $5k but to say none can be started for that is incredibly disingenuous. Let’s not become the party that dismisses people from trying or saying you can’t do things
a concept of a président.
That was a bitch slap for the ages
Yes, you can start one with $5,000. It is hard. It is labor intensive. But doable.
Fuck Oprah, I have a gut feeling sometime something bad is gonna come out about her
I started a small business with $5,000. So did my dad.
This is not a $5,000 handout. It is the *potential* for a $5,000 *tax break* for the first year of operations for small businesses. It’s based around reducing the burden of starting a business, not helicopter money, an investment.
Its okay america your pets are save but we will ruin your life if you have a baby – whatever makes sense.
22 comments
I’m here to tell you it costs a LOT less than 5,000. This is just off the top of my head for shit you don’t even really need, but would be nice to have figured out. You just need a laptop and to pop the Government titty out of your mouth and get to work.
Udemy/Coursera/Mastermind Monthly cost – 60$
Registered agent- 150$
Website – 40-150$
QBO subscription- FREE – 60 dollars
Canva subscription for making your own reels and ads – 30$
CRM- FREE- 40$
VPN- 10-30$
Business Cards- FREE for the first 100 off Canva
Joining a local BNI chapter – 500-1000$
Used or Mid-tier laptop with peripherals – 500$
ads on Facebook/Google – Flexible, lowest tiers as low as 5$ a day for 100 impressions
If you already have everything you need, you can.
You CAN build a business with $5,000 if you are okay with Dealing Drugs for a while to increase your base funding for your passion project.
I’m a small business attorney who works pro-bono with my SBA. I started my small business with much less than $5000. I help people regularly who are starting their small businesses with less than $5000.
You’re not renting a storefront with that amount of money, but service industries exist and can be run out of your own home, and shipping your own product from your house is inexpensive as well.
Edit: Any explanation for the rush of downvotes would be appreciated. Obviously there are plenty of businesses you can’t start with only $5000. But “nobody can start a small business with $5000” is demonstrably incorrect. From my experience, the majority of small businesses are started with less than $5000.
Maybe your dream is to run a business for a month by running I mean just paying one month rent
Massively depends on the type of business. I started mine the first year on around 2k, and in. 4 years was doing over 100k in revenue annually.
ETA: Damn y’all salty below lol. I manufactured niche physical products from a small workshop in my hours outside of my dayjob work for years and a mixture of luck, timing, and advertising let it snowball into a profitable business after several years. Milage may vary. Software micro-services are probably way more lucrative than trying to make stuff.
It’s one of the reasons I am thrilled Harris is expanding support for business upstarts is that the first years really really make or break something, and a store with a physical space comes with huge additional overheads.
It’s funny, Trump says something stupid, everyone laughs, suddenly conservatives, because their fees fees have been hurt, act as if Kamala said instead.
Some people start a business with a $25 used lawnmower. Like every teenager that mowed lawns to buy a car.
You can start a business for the cost of a business license.
The jokes write themselves
I don’t know if people think this is a grant or what, but that’s not the case, it’s a tax deduction. Meaning the amount of money you can earn before you have to start paying taxes on it.
$5000 is chump change. You have a business where you charge $100 a pop for your services and you do 2 a day, that gets you essentially a month of income tax free. $50k could be closer to the full year’s worth of income, which sets the business up for success, and the next year they have no problem paying the standard taxes.
You can start a business with less than $5,000 if it isn’t capital intensive. I did. If you’re orgainized and have a skill in demand, you’ll be fine. Really, it’s pretty much that simple.
I knew some dudes in a band out in San Diego who needed to make money to support their touring. They started a window cleaning business. Literally squeegees water soap rags a website and then going door to door.
So you can start a business with $5k.
Car detailing for example can be started for around $2k for all the chemicals and equipment you need to start. You’ll have to upgrade later but it’s definitely doable.
Pressure washer, chemicals, towels, wash buckets, mitts, DA polisher. Can be purchased for around $1200 for quality stuff. Then add in online marketing for initial sales. Than from there it’s about building your business.
Laws service. House washing. Painting company. All can be started and functioning for under $5k in equipment
Yes most businesses can’t be started for $5k but to say none can be started for that is incredibly disingenuous. Let’s not become the party that dismisses people from trying or saying you can’t do things
a concept of a président.
That was a bitch slap for the ages
Yes, you can start one with $5,000. It is hard. It is labor intensive. But doable.
Fuck Oprah, I have a gut feeling sometime something bad is gonna come out about her
[Kamala Harris is proposing a 50 Thousand dollar tax credit for starting new businesses.](https://www.cbsnews.com/amp/news/kamala-harris-proposes-50000-tax-break-for-small-businesses/)
I started a small business with $5,000. So did my dad.
This is not a $5,000 handout. It is the *potential* for a $5,000 *tax break* for the first year of operations for small businesses. It’s based around reducing the burden of starting a business, not helicopter money, an investment.
Its okay america your pets are save but we will ruin your life if you have a baby – whatever makes sense.