You want to start a business but you don’t have hundreds of thousands of dollars at your disposal. You can’t purchase a bunch of equipment, you don’t have the money to purchase inventory, and renting a retail location wouldn’t be easy either.
In the 21st century, some businesses don’t require a lot of money to start. In fact, some may only require a few hundred dollars. Here are a some to consider.
Some businesses don’t take much more than brainpower. If you’re a skilled storyteller, freelance writing only takes a computer and a small investment in to forming an LLC in your state.
Other businesses like business coaching, IT consulting, and any other similar business where you have knowledge or experience is easily started for a few hundred dollars or less.
Web based businesses cut out nearly all overhead costs because you don’t have to purchase a storefront or inventory. It’s still advisable to obtain insurance and an LLC designation from your state but selling a web based product, starting an eBay business, or taking your consulting business online require very little startup funds.
Some people enjoy cleaning and if that’s you, a cleaning business requires only the most basic equipment, maybe insurance and any other appropriate licenses as required by your state. As the economy stabilizes and more people go back to work, finding time to clean will once again become difficult. Other than the cost of the cleaning equipment and the license and insurance, this business is easy to get started.
Studies show that most people hate working in their lawns. The best business opportunities are those that perform a service that others don’t want to do. Landscaping is one of those services and although some of the equipment may be a little pricey, it’s still far less than a traditional business. Landscaping businesses also work well as a side business that you can do after your day job.
Starting and growing a business takes a lot of time, effort, and eventually, money. Never start a business in an industry that you don’t enjoy, don’t believe in, or don’t have the knowledge or experience to make it successful. If none of these ideas fit your skillset, save your money or find partners to help you finance the business that you would truly say is the business of your dreams.