Great concern. It’s this that I would personally do (and also have done once or twice).
There are lots of answers but finally it comes down down to what skills you've got and just how tough you might be willing to work.
With $500, I'd state begin an internet site (from a net entrepreneurs viewpoint). Get a domain from GoDaddy advertising usage HostGator's $0.01 voucher to start out a website. You are able to discover basic HTML for free online and produce a little web site, or hire a pal who knows more for a special "friend rate". In the event that's not an alternative, do just what huge number of small businesses are doing: make use of a Facebook web page as your site. Get all friends and family users to give you a "like" and start from there. Keep these things invite people they know (you may need to demonstrate to them how).
Next, it is about marketing and advertising. All businesses are about marketing. Make use of your time as your greatest asset. You have got 1440 minutes everyday. How do you want to make use of them? Perform some knee work until your organization becomes profitable, and after that you can delegate and employ individuals help grow your company.
In my experience, don't waste it in marketing and advertising. You are beginning a company and do not know very well what advertising techniques work and which ones don't work. You will end up gambling the income. As soon as you're lucrative, then advertise.
If it is only you beginning business, start as a single Proprietary company - don't be concerned about incorporating at this time. With just $500, you will not see mind blowing tax advantages from integrating your business.
As a helping hand, if you are considering a web-based business, explore development Hacking methods. Simply Google the word.
In the event that you venture needs production, head to and ask for an estimate for the product. You will end up wow'd by the few businesses that get back to you very quickly.
Keep in mind: The toughest part is getting begun. It may be lonely and hard to do, but once the ball begins moving downhill, it gains momentum with very little work.
In addition, you don't need to function as the very first person in the world to do anything. Multi billion dollar businesses occur hand and hand constantly.. think Coca-Cola and Pepsi.