When most people think about a start up business, the one troublesome question that rings in their mind is capital. Most people are under the assumption that business ideas require lump some cash amount for them to kick off. Let’s burst that bubble today.
The truth is, you don’t need a lot of capital to start a small business. What you need to do is to look for service-based business ideas. This is because they often have lower overhead costs than product-based businesses. Consider whether you could turn your hobby or professional skills into your own business as an easier starting point.
This article is for people who want to start their own business but can’t afford to spend a lot on startup costs.
Event planning services.
Working for weddings, birthday parties and class reunions, event planners make it easy for others to host an exciting party. This startup is suitable for people who are highly organized, detail-oriented and who love hosting and putting parties together.
Social media consultant.
With so many other responsibilities, small business owners may be too busy or overwhelmed to come up with a great social media strategy. As a social media consultant, you can help them determine the best strategy and content for their target audience. You can also help manage their media pages as well. You reap your benefits as their follower counts and engagement grow.
Online courses and tutoring.
Another option for aspiring educators is to start a virtual or home-based tutoring service.If you know something inside and out, you can help others enrich their lives by offering virtual classes on the same. Create downloadable instructional packets and videos, or schedule real-time Skype or zoom lessons with clients.
This business idea requires you to plan and prepare weekly or daily meals for your clients. Updates for your knowledge on nutrition and special diets are a must. While you may have to do some traveling to and from supermarkets and groceries and client homes, your customers should cover the cost of ingredients in addition to your service charge.
Personal or virtual assistant.
A personal or virtual assistant performs many of the secretarial or front-desk functions without being on site. These individuals often work from home for many different clients, keeping track of calendars, making flight arrangements and doing clerical work. This kind of work is even perfect for this Covid-19 period. The best thing is, its cost effective as it cuts down on logistics such as transport etc. great business idea for a startup.
Not everyone enjoys writing their own resumes and others are not even good at writing resumes. All you need to become a professional resume writer is a computer. To start up your resume writing business, you can sign up for a freelance platform and market your services on social media.
All you need is a trick for numbers and practical knowledge of basic accounting tasks, though an associate degree in accounting or the equivalent business experience are preferable.
As you can see, it is not as hard to start off. You just n eed to put yourself out there and sharpen the skill set you are aiming to pursue. All these can even be a means to building up your financial capacity to actualizing the business idea that requires large capital.
Don’t be afraid to step out and start small.