Most people think that having their own business is just for the rich or for the young, but in recent years, there are more and more businesses popping up that are owner-operated by people of all ages.
This shows that it’s possible for anyone to succeed, depending on how much work they put into it. The article will introduce you to some great small business ideas that don’t require a lot of start-up capital.
Sometimes, you don’t need to invest much in starting your own business. You can do it with your little budget, too. The only thing that holds you back is the fear of failure. But if you know how to start small, there is no fear of failure anymore.
Here are some small business ideas you can start today even with the little money you have saved up in your savings account.
If you are short on time and just want to get to the meat of this post, the best small business ideas you can try out are listed below:
- Online Coaching
- Food Trucks
- Renting Websites
- Pet Food of Good Quality
- Sales and Delivery of Meal Kits
- Auto Mechanic on the Move
- Services for the Elderly
- Electronics Repair
- Grooming of Pets
- Car Wash
- Pet Sitting
- Cleaning Service
- Rideshare Driver
SEE: Best Businesses for Small Towns You Can Start With Little Capital
Best Small Business Ideas
This section gives a detailed guide on the small business ideas covered in this post. By the end of this post, you should have concluded which business idea to start today.
1. Online Coaching
If you have the expertise and a strong love for anything, among the most reliable small business ideas that leverage your expertise is to provide one-on-one virtual coaching.
Just make sure to set up your specific learning management system so you don’t get sucked into dealing with clients that can’t be helped in any way.
Use a powerful time tracking program like Teamwork to keep a record of your chargeable hours while organizing your client projects at the same time if you’ll be billing hourly for your coaching services.
This small business idea is all about developing a community around the service you’re delivering and reinforcing with members, on top of merely the talent and experience components to becoming a great online coach.
In addition, your group members will benefit from each other’s experiences. Establishing a private Facebook group might be an easy way to create a space for that community.
You can also utilize a community-building tool like Slack, which allows you to have your custom URL, establish internal forums, and tweak designs, among other things.
SEE: How to Create an Online Course Like a Professional
2. Food Trucks
The food truck sector is expected to continue to expand. As the cost of living rises in major cities around the country, it’s getting increasingly challenging for up-and-coming gourmet food producers to afford a brick-and-mortar presence in the heart of the city.
You may start a food truck by going on the road and setting up shop at local events, farmers markets, and town squares, basically anywhere you can expect a crowd.
With a food truck’s minimal overhead and improved geographic mobility, you can transform your grandmother’s legendary wonton recipe or that bizarre confectionery idea into a profitable business.
Keep in mind that larger, trendier towns like New York, San Francisco, and Chicago already have a crowded food truck industry, so a smaller midland metropolis would be a better fit.
Food trucks are also subject to their own set of regulations, licensing requirements, and safety conformity rules. So check with your local health authority to figure out what is required.
3. Renting Websites
Although many people claim to be web developers, few rent websites. Building websites from the ground up for unique businesses is an outdated method of generating cash from online customers.
Rather, Web developers create multiple websites for a specific niche at a time, then rent customizable variants of each page to local firms.
Businesses pay a monthly fee to have a website maintained by the developer. As long as you understand what you’re doing, it’s an excellent method to create passive earnings.
SEE: Best Tips For Getting Started With Domain Flipping
4. Pet Food of Good Quality
Animal enthusiasts are becoming more conscious of what they feed their furry companions. It’s completely obvious these days that inexpensive food may make your pets ill or even harm them, and grains can also be harmful to their health.
However, raw pet food is favored over store-bought dry pet food whenever possible. If you keep pets, you’ve probably encountered some of these issues before.
For the contemporary businessperson, this is a once-in-a-lifetime chance. You have the opportunity to start a new business as far as pet owners continue buying high-quality food for their pets.
In addition, for pets with certain allergies, you could start serving raw food. While you’re there, consider collecting deliveries and taking your canine customer for a walk. There are several expansion options available.
5. Sales and Delivery of Meal Kits
Meal kit businesses are growing in popularity among active individuals who don’t possess time to shop for and cook healthy meals yet want to reduce their environmental impact by decreasing food waste.
By 2022, the meal kit market in the United States is predicted to generate $11.6 billion in revenue.
Customers choose recipes online, and meal kits containing pre-chopped and measured materials, as well as cooking and final preparation instructions, are dispatched to their residences on the scheduled delivery day.
Smaller to mid-size farmers, ranchers, and seafood producers benefit from meal kit sellers avoiding giant wholesalers and sourcing items from local farms.
Delivery-service companies might also be able to gather ingredients from manufacturers and deliver the finished product to customers’ locations.
6. Auto Mechanic on the Move
Getting a car to the workshop for even minimal repair could be problematic. And besides, most of us rely on our automobiles to get around.
As a result, driving a car in for repairs frequently entails either a lengthy queue at the repair facility, leasing a vehicle for the day, or scheduling a ride with a friend or partner. These options are both pricey and inconvenient.
The best part is that, while some repair operations do necessitate the use of auto shop equipment, many repair and maintenance services may be completed with just a few basic tools.
If you’re a good mechanic, one of the most successful small business ideas is to start a mobile automotive repair service.
Oil replacements, fluid refill, battery changes, headlight replacement, and other services can all be performed in the customer’s driveway or workplace parking lot.
7. Services for the Elderly
Senior care continues to be among the most lucrative small business ideas. The earliest baby boomers turned 65 years in 2011, and the remaining generation of baby boomers will be 65 years by 2030. Seniors will make up a large portion of the population in the United States by 2050.
As the baby boomer population grows, so does the demand for elder services and caregivers. Between 2018 and 2020, the demand for home health care professionals increased by 27%.
The majority of baby boomers are prepared to pay for services that are required to sustain their lifestyles. This involves staying at home in their neighborhoods.
Some seniors suffer from a variety of health and mobility concerns, and they are increasingly reliant on others for daily tasks such as driving.
Household duties such as washing, gardening, cooking, and looking after their pets may be hard or unattainable for them.
Even those who haven’t lost their mobility may want to travel frequently and require pet care, house watching, and property upkeep services.
If you don’t want to start your own business from the ground up, there are several senior care franchise options available.
8. Phones & Gadgets Repair
It would be an exaggeration to suggest that people are infatuated with technology these days. Humans spend the majority of their active moments looking at a screen.
Due to this new pervasive digital addiction, consumers expect support as quickly as feasible whenever anything goes wrong.
As a result, mobile electronic maintenance services are in high demand and might be one of the most lucrative small business ideas.
You might be the answer to every cracked iPhone screen, WiFi card issue, and laptop battery problem with this service. In addition, if you’re prepared to drive to your customer, you’ll be much more productive.
Apple outlets and other electronics merchants have recently been chastised for long customer lines, which could benefit cellphone repairers.
Having said that, while a smartphone repair business does have some expenses in the form of procuring supplies.
It avoids the hefty overhead costs of a permanent site, making it an even more successful service business concept.
A copywriter was once defined as somebody who produces content for advertising materials. In recent times, the definition has shifted to include everyone who creates or writes engaging content.
Many websites, magazines, and businesses require content to be produced, and there is a huge market for professional copywriters who can create interesting landing pages, long-form pieces, and much more.
To create compelling content for your clients, you’ll also require a word processing and editing program like Grammarly, as well as the capacity to focus for hours at a time.
Don’t ignore to utilize a plagiarism checker after you’ve finished writing the material to ensure you’re writing original content for clients.
Since copywriters are in such high demand, all you have to do to advertise yourself is put your skills for hire on sites like Fiverr or Upwork.
Work would flood in after your status as a smart copywriter has been established. In the long run, you can approach marketing teams at small and large businesses and offer your copywriting skills.
SEE: How to Become a Freelance Writer
10. Grooming of Pets
The amount of money that animal lovers will invest in their pets is astounding. There has been an increase in the number of people who just want their pets groomed, specifically dogs, especially when it relates to luxury in the form of grooming.
This is a multibillion-dollar industry in the United States alone, and it is the 17th largest service in terms of market size.
Grooming an animal usually includes cutting their hair, giving them a professional wash, trimming their nails, and giving them a massage.
In addition, you’ll need a commercial location right away, with amenities like hoses, dog baths, and other gear.
If you want to sell yourself to passers-by, choose a place with a lot of pedestrian traffic. You can also post an ad on Craigslist or other online directories that include categories for these services.
11. Car Wash
An automobile is one of the most significant expenditures that an individual or business will undertake.
Therefore, both groups place a high value on their appearance, and hence car washing solutions are always in demand.
Such a form of business can be started fast and inexpensively by arranging to manage a car washing operation in the courtyard or parking lot of a local supermarket or gas station.
All you’ll need is manpower, water, and cleaning materials. A basic vehicle wash is a low-cost service, with cleaning prices ranging from $12 to $20 on average; as a result, this business adapts itself to numbers.
Time efficiency, or how fast you can wash a car and move on to the next client, is the secret to profitability in the car wash industry.
In addition, car washing is all about location when it comes to marketing; you ought to be in a high-trafficked area where automobiles stop.
12. Pet Sitting
Approximately two-thirds of American homes have a pet. Whenever these families go overseas for long periods and require someone to look after their pets, your pet-sitting service can provide them with peace of mind.
Being a pet sitter, you’ll keep an eye on your customers’ cats, freshwater fish, dogs, or other pets at their homes.
Ensure to give them drink, spend quality time with them, engage with them, and walk them as needed.
You’ll also need to keep your clients informed about how their animals are thriving frequently. Pet sitting is among the good small business ideas if you have other income sources that only need an internet connection and a laptop.
Many pet owners will gladly allow you to work on your pc while spending time with their pets at their home, allowing you to manage two income streams at the same time.
13. Cleaning Service
You can simply convert your hobby for cleaning into a business if you enjoy it. With a small staff, cleaning chemicals, and trucks, you may give cleaning solutions to families, and apartment buildings.
The average hourly rate for cleaning services is between $30 and $50. Cleaning businesses are straightforward businesses with low overhead. All you need is some preparation, persistence, and promotion to get your brand known.
If you want to set yourself apart from competing cleaning services, consider charging more for quality services like external power washing or floor waxing.
You may always utilize your vehicle to become a rideshare driver if establishing your own business sounds too risky.
The ridesharing service takes care of the overhead and management of the business, allowing you to work as much or as little as you choose.
That notwithstanding, Rideshare apps like Lyft and Uber have made it possible for people to create lucrative side businesses.
This is especially for those with the willingness to drive people to their destinations and engage in chats on occasion.
Rideshare drivers enjoy the freedom of a small business entrepreneur without the administrative burden of managing logistics.
If any of the other small business ideas seem too difficult or expensive to start, ridesharing could be a wonderful way to get your feet wet in the business world.
SEE: Best Teenage Business Ideas While Still in High School
What is the budget of running a small business?
According to the US Small Business Administration, most small enterprises cost between $2,000 and $5,000 to start.
However, the cost of running a small business is determined by the sort of service or product offered.
Is it necessary to hire an attorney to start a small business?
No. You can establish a modest business with one proprietor using online services like LegalZoom and RocketLawyer.
However, having an experienced company lawyer on board who has helped many start-ups is usually a smart idea.
Hire a business lawyer rather than a property attorney or a general practitioner. It’s crucial to have some past experience.
The small business ideas above are worth trying and, their modest initial costs will help you earn some extra cash.
However, due to potential legal ramifications and the stress of employing and managing employees, the small business ideas in this piece that I will propose are any that require you to start with what you already have.
It means that I recommend you start with businesses like rideshare driving, copywriting, pet sitting, and online coaching.
This guide on how to establish a small business can assist you in shortening your learning curve.
In addition, if you didn’t find a business concept above, you’ll find a vast collection of small business ideas here.
Thanks for reading.