Have you ever thought of starting your own business but got discouraged along the way because of funding? Here are seven businesses you can start today with little investment, depending on your capacity.
1. BUSINESS CONSULTING AND MENTORSHIP SERVICES
With little investment, you can start a business consultant services and mentorship programs, it does not require much money, once you have the ability to solve financial issues and bring solutions to businesses that are already on a downward slope, remember experience and successful track record is necessary.
Furthermore, businesses are willing to invest in quality business consultants who can help them achieve the best results. They’re also willing to pay hefty amounts for the right advice, which, tied in with low overhead, makes business consulting a profitable business to embark on.
Of course, effective business consultants do require sound business acumen and knowledge, so this isn’t necessarily the right opportunity for everyone.
2. CATERING SERVICES
You don’t need expensive premises to run your own catering business, you could even operate from home, keeping overhead to a minimum. People and businesses are willing to pay for quality caterers, making this business profitable for those who work hard and have the determination to succeed.
If you love to cook, you can’t be broke, you have all it takes to become the best in the industry.
For your information, the annual restaurant turnover rate is 75% in 2019 – the highest of any industry – it's a safe bet that 2020's rate will be something to keep at the forefront of your resolution planning for your restaurant. Don’t forget that, in everything you do, you have to be creative, your creativity will make you stand out.
3. WEBSITE AND MOBILE APP
If you are talented in website and mobile app designing and you know that you are creative about it, don’t relent, infact continue doing what you know best. It is one of the most profitable businesses out there, companies are paying a hefty cash for a good one. furthermore, if you don’t have knowledge about it, now is time to learn, in as much as you are creative. you’ll learn quickly and it does not require any money other than your laptop to start. Websites have become the ‘windows of every successful business’, hence quality and creative website designers remain in high demand. Again, low expenses and high rates make web design a lucrative business to run, providing you have the creative and technical know-how that is!
4. EXPRESS CURIER SERVICES
If you love this business but you don’t have much capital to purchase big vehicles, trucks and airplane, you can operate locally on a lower scale using small trucks, cars and delivery motorbikes for small deliveries within your state of residence while partnering with larger companies over nationwide and international courier services, you can negotiate discounted deal in the partnership, once concluded, it's a win-win situation for everyone.
Other than the outlay of your vehicle to deliver the goods, self-employed couriers don’t have a large overhead. Getting lucrative contracts from the major courier firms can prove profitable. However, in a competitive market, being awarded lucrative contracts can be challenging, that is why you need to be creative, bring flexibility and good services while lowering your price.
5. MOBILE HAIRDRESSING AND BARBING SERVICES
Granted, you can never charge a fortune to cut someone’s hair but that doesn’t take away the fact that quality hairdressers will always be in demand. Furthermore, other than a quality pair of scissors and some hair dye, if you run a mobile hairdressing salon, your business expenses are surprisingly low, making mobile hairdressing a profitable business to run.
That said, mobile hairdressers are not difficult to find, so you’ll probably need to spend some money marketing your services.
However, if you don’t have the capital to setup your hairdressing and barbing saloon yet, you can offer to do home service for those who don’t like to go the saloon. all you need is your transport fare because most people who want home services do have most of the instruments needed. isn’t that a good deal?
6. CLEANING SERVICES
All you need to start your own cleaning business is a vacuum, polish floor cleaner and, preferably, a car. With comparatively low overhead, little in the way of training required and a service which is always in demand, cleaning can be a rewarding business to get into.
Once again, good business with little capital, you can also form a partnership with your friends to start this lucrative business.
So why isn’t everyone doing this? Well, if you’re looking for a more creative way to make a living, cleaning might not be for you.
7. REAL ESTATE BROKERING
The profits associated with real estate remain high and if you want to enter this industry one of the most cost-effective ways to do so is to set up a real estate brokering company, make sure its registered.
Real estate brokers act as an intermediary between sellers and buyers and all you need to get started is a brokerage license. That said, finding your own clients can be challenging, given the number of real estate brokers there are. You can offer lower rate of deal percentage at the startup level, you will quickly get your customer base and enjoy the dividends.
You don't need to be experienced in all these aforementioned businesses before you can start, once you're intrested, you can start today by learning, everyone learns, given that you do not need to have bountiful investment for your startup, just a little amount of money to keep you going, start small, then the sky is your limit. Who knows, the future can be bright when you start doing what you love.
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