What is the best business to start-up on a budget?
This is a question we are asked several times a week by people who are desperate to start their own business.
It is a very difficult question to answer as it depends on the ambition, character, skills, experience, education and motivation of the entrepreneur. Another factor you have to consider when choosing the best idea to pursue is how much funding and support you will need to startup.
Below is a list of the top 50 businesses to start on a budget. The list is full of generic business ideas, what makes a business stand out is its Unique Selling Point (USP).
Always try to distinguish your business from your competitors and add your own individuality to your business.
Top 50 Businesses To Start On A Budget (in no particular order)
- Computer repair – hardware and software
- Mobile App Development
- Social media consultant
- Game development
- Image Consultant
- Mystery Shopper
- Cleaning – domestic and commercial including graffiti removal
- Car valeting
- Virtual office support
- E-learning provider / Information Products
- Events Promotion / Management
- Direct marketing
- Graphic Design
- Online Publishing
- Mobile dry cleaning
- Courier & Parcel Delivery
- Sports Coaching
- Personal training
- Storage Provider
- Online store
- Amazon & Ebay trading (various different possibilities)
- Personal services
- Beauty Therapy
- Jewellery Designer/Maker
- Clothing (all types)
- Consultancy & Professional Services
- Workshops / Seminars
- Bicycle repair
- Car repair
- Child care
- Elderly care
- Furniture Maker
- Network marketer
- Music Production
- Social Media Marketing
- Photographer / Photo Editing
To decide which of these businesses ideas (or any business idea) you need to analyse what you have an expertise in, what you are passionate about, how much funding you have and the market size (and profitability).
Finally, you need to decide what you want for the business:
Are you looking for a business to generate additional funds for 1-2 years? Or are you looking for a long-term business?
Choosing a business idea can be very complicated and the wrong decision can lead to a lot of wasted time and money. Starting this week we will be reviewing at least one business idea from this list. We will be looking at the business in detail, what you need to run the business and how much funding is required.