Many of us dream about being our own bosses, for one reason or another, most of us continue on being employees and never realize the dream of working for ourselves. Some of us are dreamers and not doers. Life just gets in the way of dreams for others. Then there are those that think starting a business has to cost a small fortune. How wrong are they?

The Entrepreneur and Self-Employed Business Journal has an article about how it is possible to start your own business for under $100 by harnessing the power of the Internet. We have talked about it before, how the Internet is a game changer when it comes to running a small business, opening up opportunities that never existed for the little guy. This article is just further proof that we are on the right track.

Running a small business has become much more affordable with the rise of Internet use, when you compare it to the dark ages of pre-Internet days. There are certain services that a company uses that have become much more affordable because of the Internet. This allows many smaller companies to have a lower overhead, which helps greatly with the bottom line.

For example, lets take basic office phone service. Ever company needs the ability to communicate with customers, clients and suppliers, which means every company needs a business phone system that has the features they need to communicate effectively. Back in the “old days,” a business phone service could cost hundreds of dollars a month. Today, you are able to get a virtual phone system that brings Fortune 500 phone features to the smallest business, all for just pennies a day. A virtual phone system lets even the littlest company seem like a large, professional organization, without breaking the bank.

If your ideal business is one that requires constant contact with customers or clients, there is a more affordable way to conduct business that eliminates the need for much business travel. You can use web conferencing to hold online meetings, allowing you to conduct business from your desktop computer, without needing to leave your office. Online conferencing makes it possible to communicate with your important clients when you need to, without having to hop on a jet plane.

Of course, starting a business for under $100 assumes that you are going to be running without any formal business structure, as a sole proprietor. This is far from ideal for most small businesses, so you should really consider forming a Limited Liability Company (LLC) to give your small business a formal structure to operate under, and to afford yourself certain personal liability protections. You can form an LLC online for under $100, plus state fees, which is a very good way for the average small business owner to get the formal business structure they should really have.

The ability to start a small business for less than a night out on the town really allows many people to take their dream of entrepreneurship and make it a reality. Use the Internet to your advantage, using web-based business support services to help your small business be more competitive against your larger competition.

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