Low-investment businesses are characterized by their simplicity, require the use of little capital to start, and are based on people skills. With this type of business, you can start and little by little acquire the necessary experience to manage larger businesses, including reinvesting and capitalizing on them so that it grows.
When starting a business, the first thing you should keep in mind is its objective and here I am not talking about the economic part, about the profit that you are obviously looking for and which is also important, I am talking about its objective in the market, what is the specific need that this business comes to cover.
Whatever investment you plan to make, start by observing a latent need, and then the ideal is that you take advantage of your skills and experiences to develop it and that the investment is as little as possible.
How to start a low-investment business
Stop being an employee to have your own business, be it a lottery administration, an online store, or a real estate agency, it is usually the dream of many people. But
What to do when few resources are available?
If you are new to this field, the first thing you should establish is the business model, evaluate the advantages and disadvantages of the different options, and also see what suits your profile and possibilities. You should also reinforce leadership, management, and business planning skills.
Give free rein to your creativity and make the most of your skills, with this I want to tell you that you cannot start a food business if you do not like to cook, or a business selling arts or crafts if you are not good at it, unless that in your investment capital you count to hire those who do that work.
If you lack ideas and you feel at a crossroads because you don’t know what to do or what to decide, I leave you with ideas on how to set up 5 business models with low investment.
Planning And Organization Of Events
If you are an organized person, you may consider setting up a small business that offers event planning and organization services. You just need to establish contacts and offer your services.
- Start with events like birthdays, graduations, and weddings.
- It offers the client the option of complete or partial planning and presents different budgets, this will give options that fit the personal budget and will give greater possibilities when it comes to capturing a client.
- Organize a briefcase of people or companies to outsource, that offer specific services that you will need, such as florists, furniture rental for parties, music, photographers, food service, and pastries.
- Save images of each job done to create your own sample book.
- This business has growth potential, over time you can inject capital and acquire equipment, and clothing, and stop subcontracting.
Massage Services Business
It is a simple business to undertake, it offers good profitability, you only need to have knowledge about the different types of massages, which you can obtain through courses, a stretcher for patients and a room for this work. Or you could offer the home service and get a special stretcher and car to get around.
Today the high levels of tension and stress make anyone like to get a good massage, if you start this type of business, it is vital that you worry about a good specialization, and that your massages meet the needs of the client. This ensures you are not only a client but a chain of referrals, which will make your business grow rapidly. Over time you can invest in renting a place, making massage cubicles, hiring staff, and even running your own spa.
Sports Business
This type of business is especially aimed at those people who have sports ability, you can start by offering personalized or group training services.
This is a very low-cost business idea, considering that outdoor exercise is very fashionable, you can set up your Zumba gym, dance therapy, yoga, karate, or any other that is your specialty, in a nearby park, where you only mobilize the music equipment, without resorting to expensive devices. To grow after a while you have the option of renting a site and offering different sports activities.
It is important that you keep in mind to keep up with new trends and take courses that give you certifications to offer quality service.
Sale Of Art And All Kinds Of Specialized Crafts
An artist has the ability to turn any material into a work of art, whether they are simple, classic, or modern works, they will always take place on the wall, a table, or a corner of any house, office, shopping center, etc. With this, I mean that, if you enter this type of business, you have an enormous diversity of potential buyers.
Analyze what type of client you want to attract and attack one type of client at a time, you can hold small exhibitions and grow until you have perhaps your own art salon. This business is quite lucrative, the biggest investment you should make is your time and creativity, so it is important to be careful of the value you give to your work.
Craft Food
This is a very fashionable low-investment business, more and more of these small home businesses are seen that start by packaging various vegetables, jams, preserves, or packaging some types of cookies, pasta, and bread. Among other categories, these are the two most frequent, of course, that will depend on the public you want to cover and where you are going to sell it.
Setting up a restaurant involves a large investment. If cooking is your thing, you can start from home and for sale take your packaged products or some desserts to restaurants, and chain stores or create your food truck or kiosk where the investment is less.
Remember to find out all the corresponding permits, whether they are health or commercial since the sale of food usually has these regulations, so you will avoid problems. Depending on the quality of your product you will be able to open new markets and grow in this business.
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