Small Business Ideas: An entrepreneur struggles for capital that enables him to successfully realize his idea. For any entrepreneur, a great business is one that is not capital-intensive. There are many small business ideas that require very little investment. These ideas, if executed well, can ensure that the business thrives and is profitable. A business idea with low investment is a very desirable proposition. However, most people aren’t sure what those ideas will be and how they can fit into their plans.
Most Successful Small Business Ideas
Here are some Profitable small business ideas with very low investments
Tuition/Coaching Classes Business
What was your favorite subject in school? Are you a wizard at math or do you have a special knack for chemistry? If so, a room, some chairs, a board, markers, and a chandelier are all you need to start teaching a subject. If you know a foreign language like French, Spanish or German, you can easily give lessons in such languages and start a small business without any huge investment. Foreign language classes are always in demand from students and professionals alike, so as an entrepreneur you don’t have to worry about the pipeline drying up.
The concept is not only about low investment and high returns, but also has a certain understanding of cash flow and demand forecasting. For this type of business, you can even start with a very small business loan and there is no dearth of places from where you can get a seed loan to start this type of business.
Event/Wedding Planner Business Ideas
Weddings never go out of fashion. Whether the economy is booming or going through a recession, there is always a market for weddings. To add to this, weddings range from “Big Fat Indian Weddings” to very private ceremonies. To put things in perspective, the Indian wedding market is estimate to be around $50 billion (roughly Rs. 33,000 crores) in 2017 and is growing at a rate of 20 percent every year. This presents a huge opportunity for wedding planners who can ensure the theme of the wedding, planners, decorators, and caterers, and plan and organize the entire wedding event. It requires an initial capital investment for staff, logistics, and systems, leading to a plethora of small business loan options at your disposal. Even if the initial investment is low, the income that can be made once the business scales is significant.
Cooking Class Business [Small Business Ideas]
If the popularity of shows like MasterChef is any indication, cooking classes can be a great business in India. It requires very less investment but can earn good profits. All you need is a kitchen and equipment to set up, connected infrastructure, raw materials, and cooking ingredients. Anyone who believes in the potential of this business needs to make very little initial investment. They can get small business loans from a wide range of financial services companies. Once a cooking class is established! the owner can run multiple batches in the same facility. Capex investment is thus limited, and a small working capital investment would be enough to keep the enterprise running smoothly.
Driving School/Cab Services Business
If one has good driving skills and can afford a car like this one, then people can learn to drive. With a single vehicle, a person can teach 10-15 clients per month and earn a decent amount with minimal investment. Getting a small business loan and buying a car may not be too difficult. A portion of the earnings from the driving school you can use to pay for the loan service. Based on the savings, the vehicle fleet can expand, more driving instructors can hire and businesses can improve. One can also get a small business loan to buy a new car. If he has the required driving skills, he can enroll in a ride-hailing service like Ola or Uber. Once he does that, he can offer rides through ride-hailing apps and earn money to pay off his debt and expand the business further.
Food Catering Business Business [Small Business Ideas at Low Investments]
Everyone enjoys good food. A food catering business is not out of demand. All events like birthday parties, weddings, anniversaries, etc. have food offerings and caterers are in demand to ensure that the food served is tasty. For a food catering service, you only need a kitchen and a few employees to manage the cooking, serving, distribution, and logistics of the food. Have you always wanted to be the owner of a dream restaurant chain? You can start with the food catering business as it is a relatively low investment and high return business. You can get a loan for Capex investment and gradually build a good business. Considering our country and our celebrations, rituals, and events throughout the year, a catering service will always be in demand. This is one of the best small investment ideas in India.
Fitness Centres Business
More than 65% of India’s population is less than 35 years old. The youth are a health-conscious lot and many of them are members of a fitness center or gym. They love to hit the gym and burn a few excess calories. The remaining 35% also comprises a lot of fitness enthusiasts and health-conscious people. Anyone who has trained in an area of fitness can start a fitness center. The space or infrastructure and equipment can be leased or bought. The space can be used for almost 16 hours a day as people like to walk into the fitness center at various times during the day. The idea of opening a fitness center is a business idea with low investment.
Even if the person interested in opening this center cannot afford it, he has multiple avenues at his disposal to avail of a small business loan. It is a very profitable business idea as subscribers of the fitness center find it difficult to keep coming to the fitness center regularly but most of them pay an annual subscription.
Computer Training Center Business
We are in an era wherein there is a lot of demand for computer literacy and proficiency. If one has a basic idea of how to operate a computer and how to work with simple tools such as the Microsoft Office suite of products – Word, Excel, and PowerPoint, the chances of employment of the person are much brighter. Hence, there is a great demand to learn computers, programming, and booming areas in technology such as artificial intelligence, blockchain, data analytics, IoT, etc. Are you an expert in any such area? If yes, you can start a training center equipped with an internet connection, a few computers, and learning aids such as whiteboards, projectors, etc.
The business is driven by knowledge and hence the subsequent investment after the initial CAPEX outgo is low. Multiple batches can be run for college students, working professionals, etc. and a handsome profit can be made on a very small initial investment. What’s more, a small business loan for such initiatives is easily available.
Boutique, Salon, Spa Business [Small Business Ideas]
There is always a demand for personal hygiene, fashion, and grooming-related services. Once you make an initial investment in the store and raw material, if you can focus on selling and brand partnerships, you are highly likely to turn it into a profitable business idea. A small business loan for the same can be easily availed. If you are interested in becoming your own boss with any such venture, the right time is now!
Real Estate Agent or Broker Business
How about becoming a rainmaker for your own business? Sounds interesting. With a little research on the real estate market in the area and an understanding of the prospects for both commercial and residential real estate, one could venture into creating a real estate agency. If you have good communication and people skills, you are likely to attract buyers and sellers alike and broking a deal could help you earn a handsome commission. The investment required to start this is very and as you build your network and start playing a role in more deals, the commission you earn can make the business venture a highly profitable one.
Web/ Social Media agency Business
In the digital age, most companies want to spend their marketing budgets on advertising through digital channels and through paid social media campaigns. If you have a good knowledge of marketing, communications, branding, web presence management, and social media, you could start your own venture to help companies establish a strong digital footprint. All you need is an office, a few computers, and some skilled professionals and you are good to start. Are funds to start up a problem? You needn’t worry as there are many options to avail of a small business loan to start a web/ social media agency.