No one said that starting a business was easy. So, do not be disheartened if things are taking a bit longer to kick off than you had expected. However, if money is the concern, then you should start looking for some low cost small business start up ideas. Are you wondering what these ideas are? To find out, read on.
Low Cost Business Ideas
- You can start a personal catering business. Most people are nowadays too busy to cook daily meals but they prefer having home cooked meals. So, if you have the passion for cooking, you can start a business that enables you to proffer your services as a personal chef. You can cook meals at your clients’ houses, during events and parties. You can have a daily menu prepared and ask your clients to take their pick from the menu. The startup cost will be limited if you can cook the meals in your own kitchen and deliver it to your clients’ homes. However, some states have health regulations for private catering services and you will have to take them into consideration.
- If you are good with tools, then you can start a handyman business. You can actually have a very lucrative business by doing the chores in neighboring homes. There will always be some home or the other that requires hanging some picture or fixing the loose handrails; so you will never be out of work. If you have your tools, then the start up cost for the business is minimal.
- If you want to open a permanent retail store in the future, you can start off by setting up a mall kiosk. Opening a mall kiosk will cost only a fraction of the amount that you need for opening a retail store and it will give your store visibility as well. Moreover, a mall kiosk does not entail overhead costs like rents and ensures that you earn good profits.
- If you are good at math or know how to play the guitar very well, you can start a tutoring business. This has no start up cost whatsoever.