If you are keen to start a small business but don’t have a lot of cash, then you will be pleased to note that many business ventures do not require a small business loan or large cash injections from the outset. A high percentage of small businesses fail within their first two years of trading, which must be a concern. So, if you are looking for some low-risk business ideas – keep reading.
Here are 4 small business ideas that require little to no start-up capital.
Window cleaning is a service that is probably always going to be needed, so although it might not sound very glamorous, it is worth considering. As well as the usual tools of the trade, you will need a vehicle that is big enough to accommodate a decent-sized ladder but, apart from that, you should be good to go.
If you are initially unable to obtain a suitably sized vehicle, you could always work within a very close radius initially until your customer base starts to increase.
If you have a motorcycle or a car and know your way around the local area, then a courier business could be a good shout. Most companies will use a courier at one time or another, so if there are lots of commercial units nearby, it’s worth doing some market research and finding out how popular it is likely to be.
It may, of course, take a while before you have scaled up enough to offer hand carry courier services or can deal with volume deliveries, but you’ve got to start somewhere. It only takes a few customers to make recommendations to others for your business to gain momentum – and all with little to no start-up capital.
If you have a beloved pooch of your own, then you will know only too well how much they are loved and adored by their owners. Many people go to work every day or are too frail to give their dogs the exercise they need, which is why dog walking services have become so popular recently.
You will need business insurance and to know how to handle dogs safely and professionally, but it is a very scalable opportunity with minimal start-up costs.
If you love all things wedding and are great at organizing, a wedding planning business might pique your interest. Although weddings cost a fortune, most of the outlays you encounter will be paid for in advance by the bride and groom. You won’t need much cash to get started, but you will need reliable suppliers and good B2B relationships – but they should develop organically over time.
If turning the dream of a fairy tale wedding into a reality appeals to you, this is a venture that will make you feel fulfilled and motivated. Starting your own business is hard work, but when you are doing something you are passionate about, the stress and long hours become much easier to handle.