There are a Lot of Reasons to Spend only $1,000 Starting a Business.

  • It limits your financial exposure while you decide if you really want to be in that business.
  • It forces you to go through the whole cycle and get to running the business, or as I call it, ‘Rinse and Repeat’ before you invest additional time and money.
  • It allows you to learn and understand every aspect of your business since you can’t afford to hire anyone else, except on a limited basis, and then only for advice.
  • It teaches you to manage both your finances and your time, as you have to either keep your day job, take a part-time job, or live off your savings or retirement to get your business started.
  • You might only have $1,000 to start a business … or you might not even have that much. (If that’s the case, see the Debunking the Myths section in $1,000 Start-Ups for ideas to solve that.)

Published by Leah Ward-Lee

Leah Ward-Lee, the author of "$1,000 Start-Ups", is a serial micro-entrepreneur. She opened her first business at ten after lobbying for and receiving a shoe shine kit for Christmas. She pulled her wagon through the neighborhood, going door-to-door, offering to shine her neighbor’s shoes for twenty-five cents a pair. Once her wagon was full, she took the shoes home and polished them. Unfortunately that business was short-lived. She hadn’t tagged the shoes and couldn’t remember whose shoes were whose, so her dad went with her to retrace the route until every pair was returned. Since then she’s had businesses developing and teaching college courses, instructing aerobic classes, owning half a plane that was rented to a flight and maintenance school, and renting homes. She’s also owned a consignment store, a gift shop, a gift basket business, a consulting firm, hosted The Executive Toolbox (a weekly radio show), and a publishing company. She also spent twenty years in the US Army, served as the Chief Information and Technical Officer for two major insurance companies, and has a second career as a management consultant. Leah resides in Dallas, TX and on Amelia Island with Sammy and Goliath, her two rescue dogs.

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