13 Free Enterprise Assets to Assist Your Entrepreneurial Enterprise

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The very best issues in life are free. Sunshine warming your pores and skin. Midafternoon naps. Testing your lifelong dream of a profession in woodworking at a group workshop that gives free tools to tinker with.

Particularly that final one. Who is aware of? Possibly you’re not minimize out for woodworking, and it’s greatest to seek out out earlier than you stop your job and purchase all that gear.

Beginning a enterprise is dear sufficient. However fret not, o courageous entrepreneurs. Herein are enterprise sources that gained’t value you a dime.

13 Small Enterprise Assets That Are Utterly Free

From subreddits to small enterprise grants, you may flip to those sources at any stage within the lifetime of your enterprise.

1. AngelList

Naval Ravikant and Babak Nivi based AngelList in 2010 as a means for companies, traders and jobseekers to come back collectively in a single place. Through the years, the web site has blossomed right into a group that gives a load of sources — for small enterprise house owners particularly.

For instance, enterprise house owners could make free job listings focused particularly to candidates who wish to work in a startup tradition. Additionally free? Crowdsourcing seed cash from accredited angel traders. The positioning additionally posts useful tidbits tailor-made to traders and entrepreneurs on its weblog.

So far, AngelList has made 6 million matches for companies and employees.

2. Division of Labor

The Division of Labor’s web site is usually a helpful supply of data if you recognize the place to look. It gives a ten,000-foot view of hiring laws, business updates and information in a single place. It may be lots to soak up.

One solution to minimize by way of the noise is by subscribing to the DOL publication. When you enter your electronic mail deal with, you may choose precisely what data you need delivered on to your inbox.

3. Associates and Household

Whether or not you prefer it or not, your family and friends are part of your foray into entrepreneurship.

Kathyrn Gratton is the founding father of Crimson Lips Mentor, which helps companies develop management, creativeness, ardour and technique. She says having a brutally sincere assist system may also help, particularly for those who’re nonetheless within the early levels of growth and want recommendation.

“All of us have that buddy that may inform you you’ve gotten fats,” she says. “They’re one of the best to run issues by. You realize they may inform you the reality.”

4. Google

You might have heard of Google. You might have even used it to seek out this text. However there’s much more to it than the search engine. Right here’s a primer on the various methods it may well assist your enterprise.

  • Google Analytics helps you achieve insights about visitors to your web site. Use it to trace how persons are interacting along with your web site — the place they got here from, what pages they checked and the way lengthy they caught round. When you’re placing any cash into advertising and marketing efforts, Google Analytics can present in case your funding is paying off.
  • Google Workspace consists of Gmail, after all, but additionally different useful apps like Drive, Docs, Calendar, Chat and Meetthat are important for on-line conferences, phrase processing and file storage.
  • Google Enterprise Profile (previously Google My Enterprise) permits you to higher join with prospects and handle how your enterprise seems on Google searches and Google Maps. Use it to submit and replace location, working hours, contact data and costs, in addition to to share photographs and reply to buyer opinions.
  • Google Voice is an internet-based cellphone service supplier. The cellphone quantity you select may be synced to your cellular phone and accessed out of your pc. This service is very helpful if you wish to route enterprise calls to your cellular phone with out giving out your private quantity.
A male florist looks at his iPad while inside his shop.
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5. Authorities Statistics

Earlier than placing any cash into market analysis — an important step in beginning a enterprise — you should utilize authorities statistics to reply preliminary questions in regards to the viability of your enterprise concept. The federal government reviews on a number of elements about U.S. customers comparable to credit score, demographics, earnings, location, spending habits and far more.

The Census Bureau tracks the whole lot from common financial tendencies to traits of small enterprise house owners primarily based on location. The Bureau of Labor Statistics drills down deep into wages, inflation, workforce tendencies and academic attainment. It even tracks how People spend their free time by way of the American Time Use Survey (ATUS). Different authorities information sources embody the Federal Reserve for information on family and enterprise funds and the Shopper Monetary Safety Bureau for data on debt and credit score.

6. Grants

Non-public and public organizations are each widespread sources of grant cash, and the gorgeous factor in regards to the money is that it’s not coming from some lender who needs curiosity or an investor who needs management.

Startups are sometimes eligible with out the necessity for income statements and monetary projections like most loans require. Typically, grants are awarded to folks for merely attempting to start out a sure enterprise.

The Penny Hoarder’s information to grants for businesswomen lays out 5 sources of grant cash for ladies, from $1,000 to $25,000.

The federal government aggregates accessible grant alternatives at Grants.gov. Along with a searchable database for grants, the web site consists of ideas and methods about grant writing to extend your possibilities of funding.

7. Libraries

Public libraries are not simply locations of dusty tomes and Dewey Decimal.

Want a garden mower? Test it out on the library. A 360-degree video digicam? Library. Fishing pole? Library. Due to expanded intra-library loans, most public libraries supply a number of sudden issues — together with yard instruments, electronics and musical devices.

In case your native library doesn’t have a particular merchandise, they’ll request it from one other one.

This method presents entry to costly tools, which may also help launch facet gigs or companies. All on the swipe of a library card.

8. Makerspaces

A makerspace is a group workshop the place you can also make issues. Hand-crafted issues. Digital issues. 3D-printed issues.

The idea is easy: Stroll into a neighborhood makerspace, which may have high-tech devices, computer systems with audio and video-editing software program or equipment like desk saws and sanders.

You need to use the tools by yourself time — usually with some steering from skilled workers — or be part of a gaggle workshop.

On this sense, makerspaces present a vital technique to check the waters of a money-making undertaking with out having to shell out a whole lot of {dollars} for equipment or instruments.

A woman reclines on her couch while listening to a podcast and smiling with her eyes closed.
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9. Podcasts

We’re deep within the Golden Period of podcasts. In the present day, lots of them give attention to enterprise subjects, and so they’re the proper match for the entrepreneurial-minded as a result of they’ll play within the background of nearly any process.

Listed here are just a few suited to the fits.

  • How I Constructed This. Hosted by Man Raz and offered by NPR, How I Constructed This is an award-winning podcast that’s constructed on a easy premise: interview essentially the most profitable enterprise house owners and entrepreneurs of the day and dive into precisely how they achieved success. New episodes twice per week on Amazon Music and Wondery+ one week earlier than they seem on different platforms. You may pay attention ad-free for those who’re a Wondery+ and Amazon Music Limitless subscriber (or Prime member). Accessible wherever you get your podcasts.
  • Mixergy. This unbiased podcast is hosted by Andrew Warner. It focuses on rising entrepreneurs who’re within the thick of issues. Every episode of Mixergy illustrates a problem that plagues most companies and presents an answer to assist climate the storm.
  • Constructing a StoryBrand. New companies typically battle in connecting with their prospects. With Constructing a StoryBrand, creator and podcast host Donald Miller helps companies overcome that subject by sharing advertising and marketing strategies to maintain their messages succinct.
  • Masters of Scale. This podcast goals to “democratize entrepreneurship.” Launched in 2017 by Reid Hoffman (who co-founded LinkedIn — one other useful software for entrepreneurs!), the podcast focuses on how startups can scale with out rising too large too quick. Previous episodes of Masters of Scale have included interviews with tech moguls like Mark Zuckerberg (Meta) and Peter Thiel (PayPal).
  • Facet Hustle College. This each day podcast is all about breaking out of the 9-to-5 and establishing an earnings stream that helps you meet your objectives. It’s hosted by best-selling creator Chris Guillebeau. The Penny Hoarder interviewed Guillebeau forward of the discharge of his latest e-book, 100 Facet Hustles, which is basically primarily based on Facet Hustle College.
  • Secrets and techniques of Rich Ladies. Hosted by Veronica Dahger, Secrets and techniques of Rich Ladies seeks to empower businesswomen by way of interviews and discussions with “ladies executives, office pioneers, self-made entrepreneurs, business trendsetters and money-savvy specialists.” The podcast hasn’t dropped a brand new episode since March 2022, however its library of content material is value testing.

10. Reddit

The web site, which dubs itself the “entrance web page of the web,” capabilities basically like a content material aggregator and discussion board for almost any subject you may consider.

Anybody can “lurk” (learn content material with out signing up), however you’ll must register for a free account to speak with different customers.

There are thriving communities for entrepreneurs, the place present and potential enterprise house owners can share concepts and recommendation.

Listed here are just a few communities, aka subreddits, tailor-made to entrepreneurs and enterprise house owners:

11. Rating

Since its founding in 1964, Rating has turn out to be a vital useful resource for small enterprise house owners. The nonprofit has native chapters in each state — greater than 320 complete. Every chapter hosts its personal occasions, workshops, conferences and mentoring applications whereas the nationwide web site presents tons of free or low-cost webinars and e-courses.

Accessible recommendation consists of enterprise ideation, incorporation, advertising and marketing methods, taxes and extra.

12. Small Enterprise Administration

The Small Enterprise Administration (SBA) is a authorities company whose sole objective is to help small companies within the U.S., and it does that by way of particular small-business loans, free counseling, e-courses, open information and several other different providers. The SBA companions with Rating and the Small Enterprise Improvement Middle to make sure that entry to steering and mentoring is out there nationwide.

When you aren’t already overwhelmed by the quantity of emails the DOL sends, the SBA has its personal publication.

13. The Penny Hoarder Archives

The Penny Hoarder talks to enterprise specialists and companies to offer plainspoken recommendation.

Right here’s a fast record of our most useful articles for budding companies.

This assortment barely scratches the floor. When you’ve completed these articles, keep up-to-date by visiting our Begin a Enterprise part. We’re at all times sharing new methods and recommendation to assist make your enterprise a hit.

Adam Hardy is a former workers author and contributor to The Penny Hoarder. Contributor Timothy Moore up to date this submit for 2022.






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