A lot of times people want to begin building business of their own. They want to start up their own operations and have an entire business plan mapped out in their heads but there is one major thing which keeps them from taking the leap. And that thing is money.

People imagine having to save up thousands if not millions in order for them to start their own business. And if not saving up then applying for a hefty loan at the bank is a necessity to get the capital which will set them on their journey of entrepreneurship.

However, this does not always have to be the case. You can start your business without having to spend an arm and a leg to get things going. Here are some business ideas which require the bare minimum in terms of capital and investment:

  1. Crafts

If you or someone you know has a creative flair you can do wonders selling items online. You can set up an account on a website like Etsy or other websites where artists can sell their wares. Post pictures of crafts you have made in the past so people can order them especially. Whenever a customer places an order for an item you can make it then for them especially.

  1. Services

If you have experience in making business plan, branding, entrepreneurship training and more then you can set up a consultancy service. With a consultancy service you can easily have a business where you are the boss and the employee; a one person show. This way, you will be able to keep your costs minimal and you get to reap all the profits as well!

  1. Skilled Services

If you have an electricians license, plumbers license or are good with woodwork and working with your hands then you can venture into entrepreneurship easily. You can set up your own business easily. You do not need to work with a company but can set up your own. This way you can keep all the profits and make all the decisions yourself. You just need some basic know-how of business management terminology and concepts.

Starting a business may seem daunting but if you have a good business plan and learn some business terms you should know before starting the business you could soon see a profitable empire flourishing before your eyes.


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