LOW-COST BUSINESS START-UP IDEAS
In this article we share some business ideas which require very little, if any, start-up costs for would be entrepreneurs on a budget. Remember you don’t necessarily have to have an original idea. Many of the most successful small businesses are those that focus on the sheer demand for a tried and tested service
If you’re a naturally organised person with an outgoing personality or have previous experience of organising events, why not consider setting up as an event planner? Firstly, decide on the types of events that you are going to plan. These could range from weddings, corporate events, or children’s parties through to much more niche services such as organising private dinner parties or travel itineraries for special occasions such as wedding anniversaries or honeymoons.
Time is precious and with most of us leading increasingly busy lives, it’s not surprising that the demand for errand type services is growing. Target markets could include families with children, households where both adults work full time or the elderly. The type of services which are likely to be popular include house cleaning services, either one off spring cleaning type packages or a regular weekly service, dog walking or shopping and running errands for the elderly.
Tutoring, Business Coach or Training
There are many times in our lives where we require some additional help to get to where we want to be or to achieve greater things. For that reason, if you have a particular skill or area of expertise that you are qualified to pass on to others via tutoring, business coaching or training, this could be an excellent avenue for your new business venture.
With the growth in international ties, this is a fast-growing field. If you are fluent in a second language you could market both written and spoken translation services to a wide range of businesses, schools, hospitals and local government. Those that have additional specialist skills in an area such as the technology industry could stand to benefit the most. Advances in technology mean that simple content can be translated fairly easily, but highly specialised content will continue to require human intervention.
Personal or Virtual Assistant
With more and more of us demanding the added flexibility of working from home or the hours that suit, setting up as a Personal or Virtual Assistant could be the answer. It would be beneficial if you have held a similar position in an office environment before or have a suitable qualification.