Have you thought about starting a business but aren’t sure if you have enough money to start? Here’s the thing, you don’t need a lot of capital to start a small business. Initially, it can start as a side hustle. When there is more demand, you can grow the business and better the processes and systems. Look for businesses in this article that stand out to you. Potentially a business idea that matches your interest or one that you would like to learn. For many people, the primary reason that they don’t start a new venture is that they are concerned that they can’t afford it. However, there are many businesses that don’t take much capital to start. In this article, we are going to cover some businesses that you can start with little cash on hand. Hopefully, these next 7 business ideas inspire you to start instead of standing on the sidelines (Here is the first set of business ideas, in case you missed it).
8. Selling Virtual Courses and Tutoring Services
A very popular category that really took off in 2020- selling virtual courses online. Why? Because people could do it in the comfort of their homes. If they wanted to learn something new they could head over to a website and pick it up in a jif, instead of having to enroll in a course. You may know how to do web design, basketweave, tap dance, or accounting. Whatever your skill is, you can help others interested in learning, how to become masters of the craft.
9. Personal Chef
You don’t need a Michelin star to get started as a personal chef. Many people feel that cooking and baking are popular hobbies. Amateur chefs that love to cook can become professional by allowing others to sample their food at different events. This will require you to plan and prepare meals regularly for your clients, a working nutritional knowledge for special diets, and timeliness for your deliveries or preparation. It’s not necessary to have a culinary degree, but having cooking class experience will only help when you are making dishes. You may have to do some traveling and pickups from supermarkets, but the customer should pay for these services.
10. Teaching English
Being fluent in a second language is a helpful tool when engaging with people from different cultures. It can also be an asset when starting a business. If you are struggling to figure out which business you want to start, look at the skills that you already developed. If that happens to be a second language, look no further. You can start by creating a business that teaches foreigners English.
11. Software Training
If you are proficient in software programming, there is a high demand for learning how to use different applications. Older generations are trying to adapt to the new way of doing things. Whereas, the younger generations are picking up the skills on Youtube or by picking it up and tinkering. You could create technical videos, courses, workshops, and private sessions.
12. Music Lessons
Some people are musically inclined. They have skills that take people years to develop. And even then, they are still fumbling around trying to play notes on beat. If you already know how to play an instrument (and busking isn’t working out), try teaching students how to play the piano, or whichever you play. This can be in their home, your home, or wherever you plan on teaching. You can start with individual lessons or teach online. There are various genres, potential clients, and skill levels to target.
13. Digital Marketing Services
If you have experience in marketing, a digital marketing agency is a low-cost and affordable business opportunity that you can start quickly. Especially, since most businesses understand that they can’t afford to skip marketing on digital channels. One of the best, yet most difficult things about marketing is that it is ever-evolving. So, if you are strong in storytelling, learning, and building brands, digital marketing might be a good business for you to start.
14. Graphic Designer
Companies need visual assets for branding their business and increasing recognition for customers. A graphic designer needs to have a computer, creativity, graphic knowledge, and a portfolio of work to start getting clients. Graphic design agencies can help in a number of ways, including: infographics, social media graphics, event flyers, display ads, logos, merchandise, marketing collateral, etc.
Closing
These are our second set of seven businesses that you can start today. You don’t need to overthink which one to start. Find one of the first, second, or third set of business ideas and get moving. Like we said before, give it about six months. If you love it and are starting to make money, stick with it. Otherwise, let it go, pivot, or start another.