Every Alaska Native corporation (ANC) and many Tribal businesses started a company without having a business.
Businesses are usually created because a product or service provides value and attracts paying customers. Behind the product/service is an extremely talented individual or group which brings the product/service into existence. Regardless of available talent, Native enterprises first created a business then searched for a product or service. This is business development in reverse.
I currently serve on two Native enterprise boards, one is an Alaska Native village corporation board and the other is a Tribal enterprise board. There are major differences between the two business entities with the major one being land ownership. The ANC has land and the Alaska Tribal business does not. However, both entities seek to start and grow new businesses for the benefit of their tribal members and shareholders. Many village ANCs and Tribal businesses attempt this with little to no capital.