Small business to start with low cost Starting your own business is everyone’s dream. However, most budding entrepreneurs see their dreams nipped in the bud.
Due to lack of funds for investments or profitable business ideas. Should you have some special skills, you can definitely start your own small business idea with less investment.
While some such small business ideas can be operated from your home, in other cases, you may need to lease small premises.
Small Business Financing Generally, small businesses start with whatever little capital you have. Loans on very soft terms are also given by community organizations and cooperative credit societies. You may consider taking out a loan to fund your small business idea.
Plan well for success Remember, to plan to fail is to fail. So, plan your business well before the launch. Study the market for the product or service you plan to offer.
Also, familiarize yourself thoroughly with your potential competitors and their offerings. Talk to people you trust and get advice if needed. Additionally, build a database of your potential customers prior to launch.
Mobile phone repair/ accessories/ recharge business
India will have around 800 million smartphone users by the end of 2022. Furthermore, this figure will grow exponentially as more brands and cheaper variants enter the market.
As a result, the demand for outlets and individuals offering mobile phone repair is expected to increase manifold. You can also sell goods and credit recharge.
Meal service Tiffin Business
One of the best small business ideas for women. Nowadays, the demand for home and workplace delivery of food has increased tremendously.
You can launch your small business from your kitchen by preparing fresh, nutritious meals with little investment and supplying them to offices and homes.
Network marketing business
Network marketing, also known as multi level marketing, is an excellent small business. However, you need to tie-up with well reputed brands that offer great products.
A search on the internet will reveal some of the major brands whose products are always in demand.
Due to rising medical inflation, people nowadays seek unconventional health and nutritional products and supplements as well as skincare and beauty products.
You can increase your network marketing small business by promoting your products in your circle of friends. You can also promote it online by creating a website.
Babysitting/ Childcare Business
Which can be launched from home or small premises. The investment required to open a babysitting and childcare service is very less. You only need to invest in a few toys, cots and mattresses.
Add a few packets of disposable diapers, antiseptic lotion as well as a first aid box. Nowadays, the demand for child care and child care is very high due to the increase in the number of working couples.
Jam, Pickles & Sauce Business
As people become more health conscious, the demand for healthy, non-commercial jams, pickles, sauces and ketchups is increasing. Furthermore, consumers nowadays are wary of consuming foods that contain chemicals of any kind.
Given this scenario, you can create jams, pickles, sauces and ketchups with traditional recipes that are chemical free.