Today, I want to answer one of the top questions I get from aspiring entrepreneurs.

That question is, "how much money do I need to get started?"

If this is a question that's been holding you back from getting your business started, let's get that handled today!

I'm sure you've heard the phrase, it takes money to make money, which I definitely agree with. However, how much money it takes and whose money it is, depends on the business.

Here are my top 3 strategies to figure this out for your particular situation:

1) Determine whether you are going to pursue a product or service based business.

As a general rule, product based businesses tend to require more start up capital than a service based business, because of the need for materials and equipment to produce the product.

Personally, I'm a huge fan of service based businesses, particularly knowledge based businesses.

My luxury home design company is an example of a service based business that doesn't require a large investment in...