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Step #1: Purchase a dedicated server from one of the many of cheap datacenters. Datashack can get you started with something for under $100/month.
Step #2: Get yourself a domain and a PayPal account. Under $10.
Step #3: Get yourself a template from themeforest.com. Under $15.
Step #4. Make sure you use the words "we" and "CEO" as many times as possible when editing the template.
Step #5: Install SolusVM. $10.
Step #6: Install WHMCS. $12.
Step #7: Create a Twitter and Facebook page. Head over to fiverr.com and pay a few people to add thousands of likes to your page and followers to your Twitter. Potential clients will definitely sign-up for your service when they see how many other people are following you. You're legit now. Under $20.
Step #8: Create some $1/month Open-VZ plans and post on LET/WHT.
Step #9: Sell out of plans.
Step #10: Sit back and relax. Be proud of yourself. You can now tell everyone you know that you're a CEO and your business is in high demand.
Bonus step: Now that you're a successful businessman, hit up some forums and pretend to know what you're talking about. Let everyone know that you built your business with hard work and care about your customers. Unlike the other web hosting companies out there, you're in this for the long haul and have a solid business plan.