Starting a business can be very stressful especially when you have to invest a lot of money to get the ball rolling. It is, even more, riskier when you are not sure about the number of customers that you may attract and retain in the competitive market. Therefore, it is always wise to start a smallscale business that requires a minimum amount of investment and infrastructure to get going. Remember that giant’s like Apple and Disney started small and their first workshops were mere garages. Here given below are eight such small business ideas that are highly profitable in today ’s age.
- Food Truck
Are you a foodie by heart and have some amazing cooking skills? If yes, then this business is surely meant for you. All you may need is a vehicle which you can use as a food stall and food selling license. You can start with a simple van and cut on investment and operating costs. You can easily experiment with locations. If you do not do attract enough customers in one part of the city, you can easily relocate to other promising locations.
- Dog Walking or Dog/Pet Boarding
Pet-lovers would go to any extent to keep their pets healthy and happy. Hence, busy routines and stressful jobs had opened doors for businesses like Dog Walking or Dog/Pet Boardings. If you are an ardent animal lover then this business is for you. Dog walking requires you to take other’s dogs on a regular walk. With proper time management, you can take up many clients and walk their dogs simultaneously while doing your full-time job. Dog/Pet Boarding is related to looking after dogs/pets when their owners are not around. For Dogs/Pets Boarding business all you need is enough space where you can tend to pets and their needs.
- Accounting and Bookkeeping
If you are good at accounts you can provide other small businesses with bookkeeping and accounting services. You can start with basic bookkeeping or services like accounting, preparing income statements, tallying balance sheets or other financial reports on quarterly, monthly or yearly basis. To get started all you need is a hoard of stationery, a calculator and immense knowledge of finance and accounting.
- Handmade Crafts
If you have a creative and artistic side to your personality than you can earn those extra bucks from the comfort of your home. Handmade showpieces, cards and cardboard boxes, origami, quilling, quilting, knitting, sewing, weaving baskets, candle making, etc all are marketable and salable. This business provides you channel to earn bucks from what you love to do with minimum investments. You can sell your articles online or develop a base of customers in your city by putting up stalls in fares and exhibitions in your area.
- Kids Fancy Dress
You an also try the smallscale business of kids clothing sepecially the fancy dress for kids. This trend is never going to be end and does not require huge capital. Due to its high demand it is easy to sale. You can also provide fancy dresses on rent which is also a highly profitable business.
- Home Based Daycare Centre
When both the parents go to work, they are bound to look for trustworthy daycare centers to look after their precious bundles of joy. If you love kids, have the ability to take immense responsibility then starting a daycare center may be the perfect business for you. Again this lets you keep an eye on your own kids along with the others. This business also promises work free weekends which is not possible with other businesses.
You can also provide daycare services for elderly people who are left alone at home and seek care, love and companionship.
- Private Tutor/ Online Tutor
Whatever set of skill or knowledge you have, you can definitely impart them to others and make a living out of it. You can either conduct classes in your own home or provide online lectures for various websites like Khan Academy, Udemy, Skillshare, Code Academy, etc. Online tutoring enables you to work in flexible timings and decent income while utilizing your already mastered skill sets. All you need to get started is a computer and a stable internet connection.
- Event Planning
If you have a decent idea of the market and are aware of various commodity prices and are ready to travel a lot then event planning is your cup of tea. All you may need to do is set up an office and spread a word of mouth. Many people tend to hire event planners and event managers due to their busy and hectic schedules. Though this business needs less investment to get started, it requires a lot of hassle and can be sometimes strenuous and stressful in nature.
- Photography and Online Photo Sells
If you love capturing intriguing images, you can put yourself out as a budding photographer. With proper equipment, you can either do photoshoots like wedding photography, pregnancy photo shoots, etc or sell your amazing shots to various online websites like Shutterstock who are always on the lookout for excellent photos with high definition and high-resolution.