Small business advisor Brian Morris gives tips on starting your own small business on a limited budget. If you research the internet you’ll find hundreds of ideas on small businesses you can start. The trick is to decide which one is right for you.
Many consultants say to start a business you’re passionate about and love to do, and Morris agrees that it is a good idea to choose something you enjoy, but doesn’t consider it a prerequisite. There are other factors to consider.
In order for your business to be successful, says Morris, you need to start a business that’s in high demand, that is easy to market, that has low overhead, and has plenty of room for profitability.
Morris gives the following 10 small businesses ideas, as each meet the above criteria, and you can get started on any of these immediately.
1. Dog groomer
All you need to get started is a tub, a hose and a grooming kit. You can print business cards and post photos on Facebook to generate business.
2. Computer repair and networking
This industry is in huge demand. If you are good at this, your friends and family members probably already rely on you to keep their computers running; now, you can charge customers to do the same.
For the cost of some cleaning supplies and a little advertising, you can land both residential and commercial cleaning clients.
4. Lawn maintenance/landscaping
Keeping lawns, hedges and trees looking lush, green, and trimmed, and flowers beautiful requires just a bit of marketing to get started.
5. Child care
Parents work and go out at night – they need babysitters. You can provide child care services in your home with little more than a newspaper ad, a business card, or a Facebook page.
Tutors are in high demand to help students of all levels, from early childhood to adult.
7. Interior decorating
All you need is an eye for design and a few free catalogs to get started.
8. Salon services
Haircuts, manicures, pedicures, and even massages require minimal overhead.
You can work as a freelance photographer for magazines, local organizations and clients who need product photography.
10. Travel agent
Travel agents can work from home or rent cheap office space. Serving as a niche travel agent can set you apart from the competition, such as specializing in “adventure holidays” or “senior vacations”. Image/Yahoo