SEVEN UNTOLD TRUTHS OF STARTING A BUSINESS WITHOUT CAPITAL

INTRODUCTION

An entrepreneur is an individual who creates a new business, bearing most of

risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

An entrepreneur is one who gets started. The process of getting is always a challenging and doubtful one. This is so because to do this process one has to have capital.

Capital is defined as Capital is the money or wealth needed to produce goods and services. In the most basic terms, it is money. All businesses must have capital in order to purchase assets and maintain their operations.

But is it possible for one to start a business without capital? Well in this book we will seek to answer this question,so as to help the young and emerging entrepreneur world over.

Business capital comes in two main forms: debt and equity. Debt refers to loans and other types of credit that must be repaid in the future, usually with interest. Equity, on the other hand, generally does not involve a direct obligation to repay the funds. Instead, equity investors receive an ownership position in the company which usually takes the form of stock, and thus the term "stock equity."

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