3 Ways To Grow Capital To Help Kickstart Your Small Business (Hint: No investors needed)

Young man tending bonsai tree with coins 'growing' on branches

Right now, there is an idea for a business rolling around in your head. You might have come across it while at work, sitting in your cubicle, wondering what you want to accomplish this next year. You have tried hard to think of other things, your job, your career, your personal life. But this nagging idea fly keeps forcing its way to the center of your attention.

The problem isn’t that you don’t like the idea or want to do it. Heck, you LOVE the idea. But there is one little thing that keeps blocking your creative thought…


I’ve been there. $55k in student loan debt, recently married, and having $1,500 to my name. Oh, and one other confession, I left my accounting career to try and start a business that I decided within 1 month after I left, I wasn’t going to move forward with. Let’s face it, I was broke and unemployed. Not a great start to trying to have a successful entrepreneurship venture.

But, there were a couple of things I learned during this “Oh crap, what am I going to do?” phase of my life that propelled me to move forward, even when I felt like a complete failure. If you are strapped for cash, and want to start a new business, the truth of the matter is you are going to need capital to get started.

So, to help you avoid my failures, I have come up with 3 ways you can start growing your capital, today, to allow you to build enough money to kickstart your awesome new business.

Let’s do this.

1. Get On A Budget

This is the most important thing you need to do, regardless of whether or not you actually start this business. You need to figure out how much money you’re making, after taxes, and where all your money is going in expenses. Then you need to figure out a plan of how much money you need to start your business. Your life should be now focused on this simple formula:
Expenses = Income – Savings/Startup Capital

When you get on a budget, you will see where every single dollar is going. I can almost guarantee that you are wasting away your precious capital with eating out every night and spending way too much money on trying to escape your hell of a work-week. Figure out where your money is coming in, and where it’s going. This is your first step to growing your capital.

2.  Develop A Side Income

Chances are you’ve probably heard this already – but the truth of the matter is, are you actually doing it?
In today’s world, it has become incredibly easy to pick up side incomes. From having someone stay in your house to picking up strangers at the airport, there is really no reason why you shouldn’t be bringing in a side income, on top of your already full time job.
To make this easier for you, I’m going to list out 10 services you can sign up for today, to start bringing in that income:

  • Airbnb Host
  • Dog Walker through DogVacay or Rover
  • Uber or Lyft driver
  • Rent your car through RelayRides
  • Sell unwanted items on Ebay or Craigslist
  • Provide storage services in your home through Clutter
  • Start an online blog and sell affiliate products
  • Become a babysitter on Care.com
  • Get free housing through Trusted House Sitters
  • Sell your awesome photos online

3. Crowdsource

Finally, I think crowdsourcing has made significant movements in the mainstream and begun really helping small businesses, entrepreneurs, and even individuals who might be struggling with a particular medical issue or loss.

If you have an idea for a business, and need some significant capital to get it started, instead of going around, and calling your friends, create a killer profile/page on Kickstarter, Indiegogo, or Gofund.me. So far, Kickstarter alone has helped raise $450 million dollars for startup projects alone. You need to get on this bandwagon.

Note, that if you are going to go the crowdsourcing route, you will need to put time, energy, and effort into creating something that will actually catch. So don’t just create a basic profile. Pull your creativity together and really make your new business idea shine!

Back in 2013, when I left my job, I wish somebody had sent me this article. I would have gotten on a budget and started a side income before I even considered leaving my job at PwC. Then, when planning for the future, I would have definitely jumped aboard the crowdfunding sites to help kickstart my entrepreneurship ventures.

There are really no excuses why you can’t start your business today. The time to start making this happen was 5 minutes ago. Stop reading this article, and start making your dream a reality!