I have No Money Or Time To Start A Business

When it comes to finding excuses, we will always find very good ones to justify why we continue to postpone our dreams and goals indefinitely; However, there are two excuses that are usually the exit door for those who want to start a business, but do not dare to take the first step: I do not have time and I do not have money .

In fact, if we analyze it from a purely rational point of view, undertaking in itself poses a huge risk , and the situation becomes even more complex for those who depend completely on a job, their salary is not very high and they have huge responsibilities.

In that sense, thinking about starting a business when our financial resources are so limited and when our responsibilities consume all our time, turns out to be an unwise decision ; However, in this article, we will address both excuses in order to present some reflections that will help entrepreneurs to take the next step on their way.


You have less and less time to do the things you really want to do

Human beings usually believe that in the future we will have more time than we have now, so we postpone our big dreams, projects and goals for that “one day” in which everything will be perfectly aligned and finally we can start doing what we really want. However, the paradox of the case is that we have less time every day , and this is due to two specific reasons …

First of all, if you look back a little in your life, you will see that over the years your responsibilities have increased. Generally, people often immerse themselves in lifestyles that enslave them and that trap them in a vicious circle in which they never have time for anything. The urgent comes before the important. Surely, 5 years ago you had fewer commitments than now.

And, secondly, every day that passes is one less day of life. 5 years ago you were 5 years younger than now. It sounds a bit obvious, but the vast majority of people let their days go by without realizing the great value of each one of them.

The point I want to reach is that if today you don’t have time to do what you really want to do, in the future you will have less time ; which means that, most likely, you will never start working on your dreams. Today the world is full of people who look back in frustration because they were waiting for the “perfect” time to undertake, but only saw their days go by while debts and commitments continued to increase.

“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese proverb

Do not have time or your priorities are others?


Achieve goals

It is ironic that many of those people who do not have time to start a business, are the same people watching 2 hours a day of television, sleep 10 hours each day and do not miss leisure plans with their friends.

I know that I am exaggerating a little and that surely some people do have work and life rhythms that consume their time completely, but in most cases it is not.

It is a matter of priorities. If your dreams and goals are not your priority, you will never have time for them .

But it’s not just about “taking time” and dedicating the leftovers of your day to work for what you want. The key is to dedicate your time in which you have more energy and are more productive, to the things that are really important to you.

Do the exercise of reviewing what your priorities are at this time in your life, what are those activities to which you are devoting most of your time? When you have free time, what do you do? What activities are part of that 20% that brings more results and benefits to your life? What day-to-day activities only consume your time and energy without leaving you with significant results or benefits?

After having clear picture of how you are investing your time, you can reorganize your priorities and start working for your goals.

“It’s not that we have little time, but that we lose a lot.” – Seneca

You don’t have money or you don’t trust your ideas enough to invest in them?


Achieve what you want

In my entrepreneurship conferences I usually ask attendees if they regularly buy the lottery. Approximately 5% of attendees raise their hands claiming to be regular lottery buyers. Then I ask them the following question: If you were absolutely certain that you will win the lottery tonight, would you buy it? Everyone smiles in a mocking tone and raise their hands saying they would obviously buy it. So, I asked, “and if you don’t have money at that moment to buy the lottery that you are sure to win, would you pass up the opportunity?” Attendees answer things like “I would borrow” , “I would sell my TV” , etc.

Now the question is: If you were absolutely certain that you will succeed in your business, would you start it?

If you look at it from that perspective, the problem is not the lack of money, but that you don’t believe in your ideas, or in yourself, enough to invest in them.

The interesting thing is that, unlike the lottery, business is not a matter of chance. If you prepare, research, enter into an industry that you understand and work with determination, the chances of succeeding are much higher than those of winning the lottery. However, there are more people out there buying lotteries than investing in their ideas.

An entrepreneur cannot do business as if he were playing a lottery. You can’t leave everything to chance. If you don’t fully trust yourself, your abilities and your ideas beforehand, you will hardly be able to develop your venture.

When you firmly believe in what you are doing and have a clear vision of what you are going to do, it makes perfect sense to think about leveraging yourself with the money of others or selling some of your possessions to get the money you need to undertake.

“An entrepreneur is able to see the tree, even though he only has the seed held in his hand.”

You choose if you give excuses or give results

In the end, when you give an excuse you are giving it to yourself. No one but you will have to bear the consequences of postponing your dreams and goals indefinitely. It is you who decides if you want to live a life full of satisfactions and achievements, or a life full of frustrations and regrets.

Use your excuses as inspiration. The lack of money should not be your excuse, but your motivation to undertake. Your children should not be your excuse, but your inspiration to move forward after your dreams.

The vast majority choose to make excuses … but, you are not like the majority.

If you decided to put aside the excuses, the advice I share below will help you overcome the obstacles of lack of time and lack of money. Dare to put them into practice.

Tips for entrepreneurs with little time


    • Make to-do lists. It is a simple, but powerful productivity technique that successful entrepreneurs use.


    • After having organized your daily activities, learn to prioritize. Make sure you are dedicating your time, energy and resources to the activities that bring you closer to your dreams.


    • Take advantage of technology to be more productive.


    • Focus and Working hard will only pay off if you work right.


    • Stop procrastinating. Make sure you are being productive instead of just staying busy.


    • If you can delegate, do it.


    • If your current job consumes all your time and energy, you might consider switching jobs for another with a more flexible schedule, even if you get paid less. Short-term sacrifices make sense if they contribute to a long-term vision.


    • Be disciplined. Make a schedule to organize your work.


Tips for entrepreneurs with little money


    • Be organized and disciplined in the management of your money. Analyze your income and expenses so you can optimize them.


    • Learn to save. Whether you have little or a lot of money, developing the habit of saving will be key to the success of your business.


    • Stop thinking about what you need and start working with what you have.


    • Land your ideas. Use planning and validation tools to organize the business elements you are going to build.


    • Take advantage of technology, so you can reduce the initial investment of your new company.


    • Before seeking financing, look for clients.


    • Sell ​​what you don’t need, so you can get some money to invest in your new business.


Conclusion: Don’t undertake if you don’t have time or money to do it

If someone tells me that He has no time or money to start a business, I tell him that he better not start. The problem of that person is not in the lack of resources, but in the mentality of scarcity.

Let me share a story to illustrate this point …

Andrew Carnegie was a well-known billionaire. At present time, his fortune would be above three hundred billion dollars. The guy embarked on a mega-project: the construction of a bridge over the Mississippi River in the USA.

At that time all the bridges that were built, soon fell. People distrusted the great works, but Carnegie believed that his idea was possible. The litmus test was not the distrust of the people, but the lack of resources to finance the work.

By then, the work was already underway but the loans that the young man had requested were insufficient. He was in debt and lacked money to continue. Day and night they knocked on his door or sent letters to demand payment, but nothing stopped him. Carnegie had not borrowed to throw that money into the water, he was investing it.

So when resources were lacking and debts were pressing, Carnegie did not stop his project but rather gained momentum and gave it more speed.

Carnegie did not say:

“How scary, I’m in debt, I have the rope around my neck,”
“I have to stop everything, I don’t have any money,” “we are going to stop the work, since nobody wants to lend us.”

No, he did not say that.

He said: “We will continue, our goal is to build a bridge never seen before.”

Gentlemen, Andrew Carnegie had his mind in the dream, not in the obstacles. All his energy was set on the goal, not on the money.

He launched a plan and in a matter of days he got more financing. Thus concluded the work that catapulted him to massive success. How he did it? He began to reason like a real marketer and sold the idea of ​​his project. He identified investors and began sending persuasive letters in which he communicated the promise of an unimagined profit. One of his letters said:

“Dear Sirs, our bridge is made of steel and is a construction never seen before. Due to its proven resistance, steel will move into the world in the coming years, which is why we encourage you to renew your belief and continue betting on joining East to West. In the near future the most profitable market will be steel and we must choose whether it will be ours or it will belong to others. ”

Carnegie has shown that when there is vision, there is capital; and that when there is belief, there are ways. Remember: the dream is bigger than the problem and the dreamer is stronger than adversity.

I’m not telling you that you don’t know your debts, but that you don’t know your fears. If we are sure of the business, we have to be sure of us. The debt is no bigger than the entrepreneur. So first of all, maximum speed, action and more action … remember: when planting is good, harvest is good.

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