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Below is the list of small business ideas that can help you start a small scale business on low budget and limited resource
Starting a small business is always a dream of young or old people looking to break out of the 9 to 5 chain. Choose the right business idea which appeals to your passions and it would be fun doing so. Know your budgets and start a simple low-cost business if you are a new entrepreneur.
Below is the list of 5 Business ideas that you could start with low investment and limited resources. These businesses are easy to setup and scale as you grow. There is no better feeling of starting a profitable venture right out of your living rooms.
1. Start a small Bakery business idea
Cakes, Cookies, Homemade bread, Chocolates etc. if you are stay home parent and baking these delicacies is your hobby then turn that hobby to some side Business and start a home based bakery business. Home bakery are easy to setup and run compared to retail Bakery. With right marketing on Social media and word of mouth you can start a profitable venture right off your kitchen.
2. Start a Catering Service Business idea
Are you passionate about food! then starting a catering business could be extremely appealing to you. Catering is a Multi-Million Dollar business so starting and running a profitable catering business require you to build a strong business plan, you need good capital to buy equipment, hire labour, advertise and maintain working capital
Build your catering business around niche as catering is very competitive business. Understand your business model, what type of events you would like to cater Birthday, House parties, small parties or large events like weddings, promotions, exhibitions etc.
3. Start your own Pet-care and Dog grooming business Idea
If you are an animal lover who loves pet grooming and taking care of animal then turn you could turn your hobby in to fulltime pet grooming business. Pet grooming business is a profitable business growing rapidly and in focus is the Dog grooming business which is in high demand. Place your services differently by offering a varied service like cleaning, bathing, trimming, dental clean up, exercising pets etc.
A quick tip : Even if you are a pet lover it is highly advisable you do a formal course in pet grooming and pet training and work for few days under supervision of expert pet trainer to have hands-on experience on handling pets. Safety is important of yourself and the pets you love taking care.
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4. Start freelancing and be a Freelancer
Freelance means working independently for several companies on different projects of your interest and expertise from your own office or home. Social Media marketing, Company Blog, Content writing, Digital marketing etc are some of the most popular freelancing outsourced through freelancing websites like freelancer.com, upwork.com etc.
Working hour flexibility, Good rates per hour, planning your days and week as per your wish are some of the key benefits of freelancing. But besides these merits there is enormous challenges to freelancing as well like regular work flow throughout the year from clients, good reasonable pricing and staying ahead of competition. A mix of part time freelancing and fulltime job is best advised for newcomers before they could kick their day job to be fulltime freelancers.
5. Start an Interior Designer Business idea.
If you have an eye for home designing and creative office space ideas you could start your own Interior Designer Business. Having your own unique design for home and office is a great way to differentiate from the competition. Create portfolio of your work and promote it to your potential clients on social media and website.
Be creative and original in your work understand client’s need and stay focused. Get a degree in interior designing if possible although it is not a perquisite having one will surely help you build credibility. Interior designing solutions are high in demand and growing lucrative business with proper planning and advertising success in this field will earned.
Find the right Business for you by analysing the prevailing condition your budget and local demands. Remember that all businesses require you to prepare a business plan conduct research and build source of finance. Take help from consultant and Business experts wherever you get stuck. Building a business is an exciting opportunity and a journey one which you would remember for life.