How can someone become an entrepreneur w/ no money and a commitment to work for his family?

Build whatever you can with your resources. 

When you have absolute belief in your ideas, first do a pilot and show proof of concept, demonstrate that to investors, you'll definitely get funds. For the pilot, you'll have to use up your savings or borrow from friends and well wishers.

Every project starts from sales. See what your product is, what price you can set to make some profit while being able to sell it to anybody.
Before I started my own project I phoned to a hundred companies (potential customers) offering them at that moment my single product (stitching wire). Of course I had a potential supplier in mind already - we made a contact with that company before we did anything else. Then after we analized the feed back from our local "market" and found out some demand there, we borrowed money for the first buying, bought and delivered the product, and then sold it out to those who looked interested during the cold callings (not to mention a few blunt mistakes with price setting). After we got money back from the customers and returned them to the "investor" (to his great happiness), we repited the operation a few weeks later. First our loan from the investor was 3000 USD. After we did it several times the process became easier and we even hired an accountant. Then banks started to consider us as a company...

I've bootstrapped businesses without money. Of course you need to have some kind of day job to take care of your essentials. Other than that you have your mind! Use it fully. Do your research, write a business plan and find the right people around you to work with. That's all you need. Money comes with those "right" elements. You can do it!

This is a common entrepreneurial context.

I'm going to take a different a angle to the other advice you have been given, all good advice.

Syed, I happen to be the author of "The Opportunity In Every Problem". In that book it talks about a 4 step process for turning your problem into an opportunity. One of the areas is speaks of is; after you have come up with a list of resources needed to turn your idea into an opportunity, if you are lacking any of the resources then find a resource for your resource. When I was in college I invented an alarm with voice instructions to the intruder. The library bought it off me for $200 and I thought that was special until 2 years later I walked between 2 cars in a parking lot and one of them told me to move away from the car. I thought I had a great idea and the first of it's kind but obviously someone was thinking the same thing but on a grander scale. Ideas are a dime a dozen and no manufacture will even speak to you about an idea or sign a NDA because they maybe working on the same idea already. People giving you money for ideas are foolish. You need to come up with more than an idea. You need to start building it yourself or at least come up with a prototype, a business plan and surveys to companies or people who will use it to find where the market is for your idea. When I first published the book mentioned above, I thought it a motivational book for business people. I was surprised when asked to speak to an association of psychologists and found it was being used heavily by troubled youth organizations. You need to prove your idea is desired in certain markets or even get pre-orders and then you'll know if you have a good idea.

 ALL LOOKING for OPPORTUNITY

Society of Physician Entrepreneurs
Maxine Pierson, Executive Director of Strategic Business Institute (SBI) announced today the formation of a Palm Beach County Chapter of the Society of Physician Entrepreneurs (SOPE).

The Society of Physician Entrepreneurs (www.sopenet.org) is a not-for-profit 501(c)6 global biomedical and healthcare innovation network of healthcare professionals who have an idea or desire to improve the delivery of medical services or who wish to make a contribution to the medical/patient community.  SoPE provides a platform for members to accelerate and catalyze innovation, with a separate supporting 501(c)(3) tax-exempt Foundation for scholarship and philanthropic endeavors to advance healthcare.

“Our vision, mission and activities are ultimately about championing healthcare innovation from the inside out - better treatments, improved access, at lower costs”, said Ms. Pierson.  SoPE supports healthcare professionals and individuals from all backgrounds to achieve their entrepreneurial goals. Making a better world through improved healthcare starts with a good idea - it's our goal to facilitate the transformation of good ideas into great innovations for our growing healthcare community.

We use the term "Physician" loosely to include every medical professional; acupuncturist, audiologists, biomedical engineers, chiropractors, dentists, dietician, medical laboratory technicians, occupational therapist, oncologist, pharmacist, phlebotomist, physicians, physician assistants, physical therapists, psychiatrist, radiologist, researchers, respiratory therapist etc., said Dr. Scuderi.

The mission of SoPE is to help biomedical and healthcare entrepreneurs get their ideas, discoveries and inventions to market by providing them with education, connections to service providers and investors. 

Quarterly meetings will feature speakers on the cutting edge of the medical profession presenting their latest findings and developments to the medical community.  “What’s coming, What’s here and What needs to be changed.  How to bring your idea or invention to the medical community and get it funded and accepted by other medical professionals to make our healthcare system the best it can possibly be”, said Dr. Scuderi.

The Chapter is indeed honored to have as its first President the distinguished Orthopedic Surgeon and entrepreneur, Jackson Memorial trained, Dr. Gaetano Scuderi.  Dr. Scuderi is the Founder of the Jupiter based   Cytonics Corporation.  The Cytonics Corporation is a biotechnology company focused on developing therapeutics for musculoskeletal diseases.

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For more information contact:
Ms. Maxine Pierson, Executive Director
Strategic Business Institute
9260 SW 14^th Street, Suite 2507
Boca Raton, FL 33428
561- 292-3825
MaxineP@aol.com

               

You do what everyone else has done you walk- not drive AND if your idea is REALLY great you go an established entity in that industry and get the best JV possible and hope they do not  rob you- but at this point you cannot fall off the floor.

He should find and join an entrepreneurial team who could execute the idea