Ten business ideas that don’t require a lot of money
Last week, we talked about what you can do in this turbulent time if you find yourself at a career crossroads. You could start your own business. It will be an uphill battle, but there’s no reason you can’t succeed if you have some tenacity and an entrepreneurial spirit.
And starting a business doesn’t necessarily need a lot of capital. You can get off the ground with minimal investment. Here’s our list of business ideas you could use that don’t need tons of financial backing.
If you have a particular skill or talent, you can make it work for you. After all, the saying goes “if you do what you love, you’ll never work a day in your life”.
This might include creative skills. If you are a keen writer, you could start a content writing and/or editing business. If you are an artistic soul, you could become a graphic designer. Coding and website design are popular hobbies that could easily be used when starting a business – other companies need websites.
If you are particularly crafty, you could sell your creations on sites like Etsy or eBay. These types of careers usually don’t require much starting capital because you will likely already own the required equipment, such as a PC or laptop. Your business for many of the above examples will be with other companies, so if you find clients who are thriving, you can weather any economic storm.
These are for skills you might have learnt on the job or completed training for. Skilled trade jobs would come under this category, such as electricians or plumbers. You probably already own the tools you need and the only step left is to find your client base. This is something you can drum up through word of mouth or through local community pages on social media sites like Facebook.
This type of business doesn’t always have to be hands-on. You could offer your services as a virtual assistant, which is just like a personal assistant but remotely operated. You wouldn’t need much more than your phone. Social media manager is also a good pick if you are savvy about the many platforms and know how to rake in the views.
Consultancy and education
Another option is to use your skills and knowledge to teach others. A consultancy business will most likely be B2B, so a more professional service is expected. You can observe how they operate and feedback as to how they could perform better.
An educational business might include tutoring or providing training. This could be health and safety training if you are a first aid professional or something like sales training if you are particular gifted in that area.
All of the above examples wouldn’t need much money to start with. And if you play it smart, all of them are potentially recession-proof, meaning you are guarded against any economic downturn. It will require patience, determination, and a dash of luck, but in time, you can create something special for yourself.
At Big Hand, you can trust us to give you sound advice when starting a business. If you are looking for some help and a guiding hand, get in touch with us on 0161 327 2911.