In an economy like this one, it seems unlikely that any bright business idea could be realized without a significant amount of startup cash. However, a few savvy entrepreneurs are making it work.

• Small businesses are getting their start from very little money.
• The Wall Street Journal found three booming businesses that were launched on only a couple of hundred dollars.
• Technology plays a large part in helping new businesses because professional looking websites and automated phone systems are widely accessible.

Facts & Figures

• About half of all start-ups close within five years, usually due to lack of capital.
• Babson College estimates that it costs up to $65,000 to start a business.

Best Quote

“It’s gotten so much easier to reach mass markets and test out ideas. This is something that’s becoming accessible to anyone with an idea.” – Bo Fishback, Vice President of Entrepreneurship, Ewing Marion Kauffman Foundation

Tags: business, economy, entrepreneur, start-up, technology