On Your Terms®

214. How To Start A Business on a Budget


Listen Later

Starting an online business is much cheaper than starting a brick-and-mortar shop, but it still has costs. So how do you navigate those costs before your business starts bringing in any money? That’s what we cover in today’s episode.

I walk through the three-step process of how to start a business on a budget: Save, Research, Budget. I breakdown each one in detail, giving examples from my own experience.

Being realistic in your projections and plans leads to the empowered, quality decision-making necessary to build a sustainable business. I hope this episode helps you do that.

In this episode, you’ll hear…

  1. The three components of the saving phase: Save, Cut, Make
  2. What costs you need to research when starting a business
  3. How to factor a long runway into your starting budget

Click here to find the full show notes and transcript for this episode.

RESOURCES:

  1. Grab The Ultimate Bundle® on Sale
  2. Join the waitlist for my book “When I Start My Business I’ll Be Happy: A Practical, No BS Guide to to Successful Online Entrepreneurship”
  3. Try Siteground for hosting - free domain & professional site transfer with every plan (affiliate link) https://samvanderwielen.com/siteground
  4. Betterment - Join Betterment and get up to 5.50% variable APY for 3 months with a qualifying deposit (affiliate link) https://samvanderwielen.com/betterment
  5. Sign up for my free weekly email “Sam’s Sidebar
  6. Get notifiied when each episode of On Your Terms® comes out

CONNECT:

  1. Get Sam's weekly newsletter, Sam's Sidebar
  2. Follow Sam on Instagram
  3. Follow Sam on YouTube
  4. Subscribe to Sam's Substack, Beyond Business
  5. Take Sam's free legal workshop "5 Steps to Legally Protect & Grow Your Online Business"

DISCLAIMER

...more
View all episodesView all episodes
Download on the App Store

On Your Terms®By Sam Vander Wielen

  • 5
  • 5
  • 5
  • 5
  • 5

5

129 ratings


More shows like On Your Terms®

View all
The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,451 Listeners

Earn Your Happy by Lori Harder | YAP Media

Earn Your Happy

2,786 Listeners

Build Your Tribe | Grow Your Business with Social Media by Brock Johnson

Build Your Tribe | Grow Your Business with Social Media

2,620 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,593 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,582 Listeners

Niche Pursuits Podcast: Find Your Next "Niche" Business Idea! by Spencer Haws: NichePursuits.com

Niche Pursuits Podcast: Find Your Next "Niche" Business Idea!

192 Listeners

Well-Oiled Operations with Stacy Tuschl by Stacy Tuschl

Well-Oiled Operations with Stacy Tuschl

519 Listeners

Simple Pin Podcast: Simple ways to boost your business using Pinterest by Kate Ahl

Simple Pin Podcast: Simple ways to boost your business using Pinterest

462 Listeners

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business by Jenna Kutcher

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business

12,081 Listeners

The Marie Forleo Podcast by Marie Forleo

The Marie Forleo Podcast

1,649 Listeners

Woman of Influence by Julie Solomon

Woman of Influence

1,445 Listeners

GOD-LED BUSINESS - Make Money Online, Work From Home, Passive Income, Online Business, Start a Podcast by Stefanie Gass - Christian Business Coach, Podcast Coach, Online Business Coach

GOD-LED BUSINESS - Make Money Online, Work From Home, Passive Income, Online Business, Start a Podcast

1,347 Listeners

Hello Seven Podcast by Rachel Rodgers

Hello Seven Podcast

590 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,613 Listeners

Good Content with Shannon McKinstrie by Shannon McKinstrie

Good Content with Shannon McKinstrie

151 Listeners