How to open a project without capital

How to open a project without capital

Definition of capital

Known as capital in the English term (Capital); a wealth of money, which are assets in circulation, and is the property of individuals or companies, or countries, which is used in commercial operations; in order to obtain profit [1] , and also known as capital That is the money that is used to establish companies, or commercial investments, and contributes to long-term profits if capital is invested properly. [2] Other capital definitions are individuals' own personal savings or business use And the capital is a stock As of wealth, whose value is determined after deduction of obligations, And expenditures of the total value of money [3] .

Definition of the project

The project is defined in English as " project "; it is a set of interrelated plans, implemented within a specified time frame, with specific costs identified for project success. [4] The project is also defined as something planned by enterprises, In order to reach a specific goal, each project is based on a set of research, which contributes to the final results [5] , and other definitions of the project is a task whose application depends on linking to a certain period of time, Long to reach a clear picture of the outcome of the action [6] .

How to create a project without capital

Many individuals seek to start a lot of projects, but they do not have capital sufficient for it, hence the idea of creating projects do not require the presence of capital, and for the success of this thing must be adhered to by applying the following instructions: [7]

• Build a project in a field you know: Choosing a project idea is easy to implement, rather than applying an idea that might be fraught with failure in case of adventure. When an individual mastered a set of skills and knew something about something, Without the need to hire companies or offices specialized in financing modern project ideas .
  

• Concern for the announcement of the project: It is based on informing the owner of the project to members of his family, and his friends, and the surrounding community in the project; through the use of media , or social networking applications, which contribute to the provision of an appropriate definition of the nature of the project, and may lead to a group Of ideas, which the development of the project.

• Keep away from unnecessary expenses: all secondary costs, or do not provide any additional service or support for the project. Rather, focus on saving expenses for the main and important things that contribute to the successful implementation of the project steps, especially since it does not depend on the use of any capital .

• Avoid financial debt : the amount of money the project may need; it is obtained from other individuals or from commercial banks; therefore, the application of projects without capital, it is important to avoid excess expenses; by relying on personal finance, to buy things Installment.

• Making use of the Internet : It is one of the modern ways and means to help in the establishment and marketing of projects, without the need to provide any capital; through the use of the Internet, it is possible to reach many people; within a short period of time, and helps to attract target groups Of the project in a successful manner.

Ideas for profitable projects do not need capital

There are many ideas for profitable projects, and there is no need for any capital to succeed. A number of examples are given: [8]

Decorating cars

Decorating cars from projects that do not need any capital, and can be applied using tools and means simple, low cost or free often; it is possible to buy colorful decorations from libraries, shops at cheap prices, and you can get a collection of roses Natural planted in the garden home, or artificial roses, which are types of car accessories, and then advertise this project; which contributes to attract many customers who want to decorate their cars. [8]

Child Care

Care for children from relatively old and modern jobs and projects can be applied domestically, whether by announcing the ability to take care of children at home, or to go to family homes and take care of their children while they are away from their homes. This project does not require any capital. Apply it by relying on self-experience in child care. [8]

Real Estate

Leasing Real estate leasing projects that do not require the presence of any capital, it is possible to apply a very simple way; by renting out a room in the house, or an apartment owned by the person, but not used, and contribute to this project in the development and increase financial wealth, by investing real estate personal, And then purchase or build new properties; with a view to renting or selling them. [8]

Coordinate events and events

Coordination of events is one of the projects that do not need to provide any capital, but depends on the management skills of individuals; it is possible to provide coordination and organization of events that include conferences, meetings and local events such as weddings in the neighborhood or residential area, They rely on individuals who coordinate their events and events. [8]

Food and desserts

Food and desserts are useful projects that do not require capital. They rely on personal skills, self-experience in the food industry, home-made desserts through the use of food available at home, and then offer them for sale; by advertising them for knowledge, In the residential areas, it is possible to start this project in an inexpensive way; by planting the seeds of plants in the garden of the house, and then preparing food, or visiting people in their homes to cook food for them, specifically in large banquet. [8]

Providing research services

It is a relatively new service and project, which depends on a full time person to provide research and writing services for other people. This project can be announced through the use of friends who tell their acquaintances that someone can create and prepare various research , And social networking sites can be used to advertise the project. [8]

References

1 ↑ "capital" , Business Dictionary , Retrieved 7-1-2017. Edited.
2 ↑ "capital" , Oxford Dictionaries , Retrieved 7-1-2017. Edited.
3 ↑ "capital" , Dictionary.com , Retrieved 7-1-2017. Edited.
4 ↑ "project" , Business Dictionary , Retrieved 7-1-2017. Edited.
5 ↑ "project" , Oxford Dictionaries , Retrieved 7-1-2017. Edited.
6 ↑ "project" , Dictionary.com , Retrieved 7-1-2017. Edited.
7 ↑ "8 Musts to Start Your Business With Little to No Capital" , Entrepreneur , Retrieved 7-1-2017. Edited.
8 ^ A b t w c h x Trent from Hamm (21-9-2016), "50 the Small Businesses You Can . Start On Your Own" , The Arab Emirates Dirham the Simple , Retrieved 7-1-2017. Edited.

By: Hasan Matar