Scott Tominaga On Investment Ideas for Business Aspirants with No Capital

Idea, drive, dream, and passion, often nothing works when you don’t have business capital. It is the traditional mindset that tells you to gather high capital before you can invest in your business. However, business finance strategist and expert Scott Tominaga waves this idea off completely. According to Scott, you don’t need millions of dollars in your bank account to get started with your business. He says, there are ways to invest in businesses with no capital or very low capital.

Scott Tominaga On Pre-Investment Preparation

Even though Scott is a business finance strategist, he helps people to get prepared to invest in their businesses as well. Scott assures that capital is one of the business resources that can be gathered while you work on your business strategies and other requirements.

Invest Your Time – Time can be your first capital when used intentionally. Instead of writing checks, write plans. Instead of buying assets, build skills. Spend time developing your brand, learning digital marketing, mastering sales techniques, or building a product prototype.

Exchange Your Skills – You don’t need cash to exchange value. If you’re a web designer, offer to build a site for someone in exchange for legal consulting. If you are a writer, help a startup with content in exchange for a small promotional boost. Use what you know to get what you need. Bartering can build your network and your assets.

Start From What You Have – While you look for funds, search for ways to build on what you have. Can you start your business from home? Use free tools instead of premium ones? Do your own marketing instead of hiring out?

Tap Into Crowdfunding – If you have an idea but no cash, test it on crowdfunding platforms. Sell your idea as product.

Seek Strategic Partnerships – Find people or businesses with resources. You bring the vision and execution, they bring the capital or infrastructure. Together, you create something neither of you could alone.

How To Gather Capital?                      

Scott says while you work on your skills and building your brand, you can start looking for ways to build fund. While getting an investor is not easy at the initial stage, you can still try to attract the attention of people who like to fund ideas. However, for this, you must establish yourself as an expert in your field. This way, you market yourself as the product on which people will invest.

Developing brand takes time. Therefore, you cannot make haste when you are building your capital. According to Scott, business capital gathering is one of the most complicated business strategies, if you are starting from the scratch. Often people build a side income to fund their businesses. Cutting lifestyle and working on part time jobs are the best possible ways to develop fund. Modern industry allows you to work online for a few hours every day. So, try to grab something like this.

You don’t need stress to develop your business capital in the opinion of Scott Tominaga. You need patience, strategy, and the courage to show up even when your pockets are empty. In fact, some of the greatest businesses started from nothing but a bold idea and relentless action.