The discussions in this article were part of my presentation at our ministers' business interactive session during our board meeting earlier today. As a writer, I have learned to record every important discussion I engaged in because it helps me to be able to share with a wider audience.

Every business needs a lot of money to start and getting start-up capital does not seem to be easy for many who might want to go into business. The less fortunate are often disappointed because they think that only the rich can succeed in business.

But did you know that one can start a small business and grow the business without borrowing from anyone?

Adhering to business savings principles with a strong commitment can lead to the growth of business capital within the shortest time possible. Most want to start big but it is better to start small knowing that you owe only yourself. Starting a small business can be difficult but the feeling of success in this situation is much more satisfying than when you start with a loan.

If you are considering starting a business for as little money as your initial investment, the following principles can help you grow your business faster.

The principles discussed here are not to be found in any business environment. They are brought to the forefront of 15 years of business experience.

1. Be prepared to sacrifice for your pleasure for the first three months of your business

If you are looking for success from something little invested in a business you should stop having fun for at least the first three months in the business. I understand how difficult it is to live with a self-sacrificing spirit, but we must understand that the first three months in business are crucial to the survival of any business. No business venture can be successful without self-sacrifice within the first three months.

The first phase of a business is the time to strive for the establishment of that business. At this point, live as if you do not know where they are selling pants or shoes. Separate yourself from any circle of friends where you may be tempted to spend money on things that are not in line with your financial goals.

2. Be prepared to live on 1% of your income for the first three months of your business

This is hard, can one live on 1% of the income? Where you are going should be more important than where you are. You can starve today to eat and be full tomorrow. You may ask what the purpose of the business is not to make a living? Okay, but until a business is established you can't live on it, or the business won't survive for the first three months. If possible you do not need to touch any income at this stage of the business. No matter how much you earn try not to be tempted to forget that you are just starting your own business.

3. Re-invest any profits you have made in the business

If you live on 1% of your income what will you do with 99% left? As mentioned above, you may not take 1% at all, instead re-invest all your business benefits as soon as they arrive. This is a surefire way to grow your money quickly. Instead of going to the banking hall where you can get a loan or looking for someone to lend you money to grow your money, return your business profits and watch your money grow faster.

I discussed this in a previous article, how I grew my business from $25 to nearly 2 million in my country's currency within 12 months. You do not have to go to anyone for financial help, your business can grow with your dedication and commitment.

4. Do not save as public servants

The general goal of saving is to set aside a portion of one's income in a bank or other secure location. This is a way for government employees to save money because they are always looking for a monthly salary. But for a businessman or a woman, such a system of savings can only kill the business.

You may want to ask "how", know this, for a business to grow or survive that business must be your bank. What I mean is that your business is your savings account and your bank. Any money you have should go into business, instead of keeping it elsewhere. As a business person, you do not need a bank to save money but for a medium of trading with others.

You may not believe this, the most successful entrepreneurs do not put money in a bank account, they put their money into one investment or another. I have learned this for a long time, I have never left a lot of money in my bank account for more than 5 days. I do not use a savings account, I use a business account.

5. Remember that the business rate of return is the one that brings the most profit to the business

The rate of return is the number of times an entity has a supply of goods over a period of time. Profit means bringing new goods or products for sale. How can there be a quick profit? Here, there is a need to sell goods at a lower price initially to attract more people, and with more customers, more sales can be translated for more profit.

Once a business has started offering low prices for goods such a business will quickly gain stability and trust. And once people have trusted you, you can increase your price in the future they will still buy from you.

Final thoughts

Remember that quality is what brings stability, so start your business with quality products. Invest in yourself, your future, or your dream at the beginning of a new journey. A lot can happen in the next few months and years and in no time you could become wealthy. So get started now with the little capital you have. Don't be a victim of negative circumstances. You can become successful by making a positive decisions and learning from your own mistakes.