Starting a business is a dream of many people. Many aspiring founders have creative and effective ideas in their minds about their first business venture. Business is all about making these ideas happen. Ideas need a proper direction and many a times capital, to be executed. Investment is one of the major causes of concern for entrepreneurs who are about to start their business. But many businesses can be started with minimal investments. Starting a business needs utmost determination, and one must be clear about the business idea before starting the journey. Here are five businesses that can be started with minimal investment.
Wedding Planning
Weddings are a big industry all over the world. If the person has a great eye for details, is organized, and loves putting events together, the wedding planner business is well suited for their persona. A wedding planner is all about helping others host a proper wedding and taking care of all the requirements. All one needs is creativity, networking skills, and decisions making abilities. Initially, there may not be enough projects, and the pay might also be less. But with the right steps and time, you will grow by leaps and bounds in a short time.
Commercial Cleaning Business
The cleaning industry has a huge market as cleanliness is of utmost importance, especially in the wake of the corona virus. The cleanliness industry is of two types, consumer and commercial. While consumer cleaning consists of providing services to individual customers, commercial cleaning services provide services to businesses.
Commercial cleaning involves providing janitorial services, maid service, carpet, and window cleaning services. It also includes disinfecting services, specialty cleaning services, and project-based commercial cleaning services. Every enterprise requires this service as it ensures that the office building is always clean so that employees can have a healthy and safe work environment. Thus, commercial cleaning business opportunities should be considered if you want to capitalize on the current cleanliness and hygiene sentiment and grow financially.
Interior Design
An interior designing business could be one of the best deals with low investment. It requires certain skills like passion for interior designing, a taste in art and aesthetics, etc. People these days are willing to spend tons of money to make their homes beautiful, including celebrities. Celebrity interior designers are now as famous as the celebrities themselves. This is where an interior designer comes into the picture. If the designer’s taste matches with that of the customer’s requirements, and the designer can complete the project as envisioned by the client, this business can help one earn huge profits. Similarly, the client can provide your recommendation to their friends and colleagues, further prospering your business.
Coaching Classes
The education industry is on the boom, and it will never stop. According to Statista, in 2019, the estimated revenue of the education industry in the United States was USD 71.8 billion. Due to fierce competition these days, students join coaching classes to seek guidance to prepare for school, college, university exams, and competitive exams. Starting a coaching center requires low investment, and it helps to earn a high profit and helps to spread knowledge among students so that they become adept in clearing these examinations.
Coaching classes can also be related to any domain other than education. One can start a sports training coaching class, an acting class, etc. The major need other than money to start this business is to have in-depth knowledge about which coaching one wishes to start.
Movers and Packers
Movers and Packers is a growing industry. These days there is a high demand for local as well as inter-state relocation of goods. This business requires low investment and assures high profit with a good margin. This business is a part of the logistics and transportation industry. Movers and packers provide services to families, individuals, companies, and big organizations. They offer end-to-end packing and shifting services, like packing of household or commercial goods, loading, unloading, and rearranging goods.
Movers and packers also provide warehousing and goods storage services, transportation of cars and bikes, and door to door services. If the business owner of a movers and packers’ business can provide the clients with the safety of their goods, on-time delivery, and best quality service, this is one of the most lucrative businesses to start with low investment.
All the above-mentioned business ideas are profitable and need minimal investment, to begin with. People thinking of starting their business must consider these options to start their next business venture. Or do you have any other business plans of your own? Do let us know.