5 ways to open an IP without money

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

Find out where to get start-up capital or how to do without it altogether.

To start your own business, you do not need to have a large start-up capital. You can get money from the state, find an investor, or choose a niche that does not require investment.

1. Get a subsidy from the state

In Russia, entrepreneurs can count on government subsidies and grants. But there is a difficulty: in order to get money, you need to have a business that has existed for at least a few months. At the same time, there is one subsidy available to everyone - financial support for opening an individual entrepreneur. It can be obtained by a person over 18 years old, officially unemployed, who is registered at the labor exchange for at least a month. The payment will be especially useful for those who have lost their jobs and cannot find their place in life.

To receive a subsidy, you need to draw up a detailed business plan; they will help you to do this on the stock exchange. If the government does not like the business plan, support will be denied. This can happen if the numbers look implausible or the idea is not interesting at all. For example, if you want to open a grocery store in an area where there are already plenty of them. In practice, social projects such as the opening of a center for assistance to people with disabilities are especially often subsidized.

The amount of the subsidy is unemployment benefit per year. It depends on the region, but approximately you can count on 60 thousand rubles. You won't be able to spend money just like that: you will have to report for every ruble with checks and documents.

Pros:

• You don't have to return the money.
• The exchange will help you go through legal formalities and teach you the basics of doing business.

Minuses:

• You will have to wait for your turn and prove that it is your project that should receive funding.
• It is imperative to be unemployed, so it will not work to keep a job until the business is established.
• There is not a lot of money - it may not even be enough for the first month of a business's existence.

The subsidy will be useful as additional financial support, but it is rather risky to open a business only on it.

2. Take a preferential loan for individual entrepreneurs

Some banks issue preferential loans to individual entrepreneurs for starting a business. Such loans are provided by the state: it pays money to the bank, and the bank can lower the interest rate for a start-up entrepreneur. To get a loan as a businessman, you will first have to open an individual entrepreneur. For this you need to pay 800 rubles of duty (560 rubles if paid through State Services).

As with subsidies, many programs only work for businesses that have been in existence for six months or a year. But in some large banks money is also given to novice businessmen at a favorable rate. To get exactly the start-up capital, you will need:

• A detailed business plan that will convince the bank of the seriousness of your intentions.
• A surety or property that can be pledged: an apartment, a car, securities. If your project is significant for the state, it can act as a surety. Usually, they are willingly entrusted with social projects, ideas in the field of production, industry and innovation. At the bank, you need to say that you want to get a loan with state support - they will help you fill out the paperwork.
• Clean credit history - no delinquencies or outstanding loans.
• Current account in the bank where you take out a loan. This condition may not be spelled out in the documents, but in practice it greatly facilitates obtaining a loan: banks are more loyal to their customers.

The following banks have concessional lending programs:

Bank	Loan amount, rubles	Interest rate
Sberbank	Up to 3 million	From 16, 5%
VTB	Up to 3 million	From 14, 9%
Renaissance credit	Up to 700 thousand	From 11, 9%
Sovcombank	Up to 1 million	From 12%

If you do not need a large start-up capital, you can not take out a loan for an individual entrepreneur, but get a credit card for current expenses. Many banks have convenient options with a limit of up to 300 thousand rubles and a rate of 15%, so it may be more profitable. But a credit card will only be opened for you with a good credit history and official income, so this option will not work for the unemployed.

Pros:

• You can get quite a lot of money.
• There is no strict reporting of expenses.

Minuses:

• The loan may be refused.
• The money will have to be returned.
• Sometimes there is a down payment, so a minimum start-up capital may be required.

A loan is an easy and convenient way to start a business if you are completely confident in your business idea. If you are afraid to take risks, you should not take such obligations.

3. Become a partner of your employer

When you work officially, the employer pays taxes for you and makes contributions to the state. It will be more profitable for him if you open an individual entrepreneur and conclude a direct agreement with him - then taxes will fall on your shoulders.

The employer will provide you with an easy start: will provide goods for sale or provide advertising and access to the customer base for a certain percentage of sales. This is convenient if you work on a piecework basis: you sell equipment for a company, work in an office as a nanny, or design a website for a company.

You do not have to spend money on equipment, goods or advertising, at first you will have a regular customer. Gradually it will be possible to earn money, save money and start developing separately from the employer.

Pros:

• No need to borrow money.
• Stable earnings will remain.
• There will be time to get to know the business and build a client base.

Minuses:

• Not every employer will agree to raise a potential competitor.
• At first it will not be my own business, but the same job for my uncle.
• The method is not suitable for all professions: the call center operator or the head of the department cannot be transferred to an individual entrepreneur.

Becoming a partner with a former boss is a good first step for those who are thinking about their own business, but are not ready to jump into entrepreneurship with their heads.

4. Make money on knowledge and skills

There is a business that practically does not require initial investments: tutoring, master's services for an hour, cleaning an apartment or working as a nanny. To do this, you do not need to purchase equipment and rent an office - you just need to open an individual entrepreneur and work.

Some fear that a license is required to work as a tutor. But according to the law, Article 32 of the Law of the Russian Federation "On Education" for individual labor pedagogical activity, a license is not required. If you do not run a tutoring agency or do not issue diplomas, you will not have to spend money on this.

Start-up capital may be needed only for advertising. But if you have a wide circle of acquaintances or people who know about your professionalism, then you can do without advertising: the first clients will come themselves, and then word of mouth will work.

Pros:

• No debt. If nothing works out, you can just drop everything and go to work by profession.
• Real work for yourself: no one requires a business plan and does not stand over his soul.

Minuses:

• You need to be an expert in your field.
• Without a wide range of acquaintances, you will have to spend money on advertising.
• Sometimes you need to purchase consumables.

It is good to combine income from knowledge with a subsidy from the state or a soft loan, because even a little money is enough to open such a business.

5. Find an investor

If you have a cool idea for a business, you can find an investor among relatives, friends, acquaintances or strangers who are looking for where to invest their finances to make a profit. After you open a business with an investor's funds, you will need to return part of the money to him or make regular deductions. It all depends on the contract.

Finding an investor is quite difficult. Before starting a business with friends and relatives, it is worth considering that money can ruin personal relationships. An outsider will not give money without a detailed business plan. In addition, sometimes investors themselves want to take part in the business, that is, the case will not be entirely yours.

Pros:

• There is a chance to attract a large sum.
• The agreement can be drawn up in such a way that you will have to return the money only if everything goes well (for example, the investor receives 50% of the profit). If you burn out, there will be nothing to take from you.
• An investor can become an assistant who will tell you how to successfully build a business.

Minuses:

• The idea should be interesting, thoughtful and impressive. It is unlikely that anyone will invest in a simple grocery store.
• Finding an investor can take a long time.
• Once you find it, you will need to sign a contract. You may have to spend money on a lawyer.
• If the business goes uphill, part of the profit will have to be given.

Attracting investments is a step towards starting a serious business, therefore, without experience in entrepreneurship, it is better not to resort to this method. If you are good at business, finding an investor is the best option from the list.