A common question that plagues new entrepreneurs’ minds is “What are good business ideas that don’t require much capital”. Starting a new business is a compelling dream for many people. In fact, according to the U.S. Census Bureau, over 400,000 new businesses are started every year. The dream of owning a business is supported by “dreamers” like Walt Disney, who said, “If you can dream it, you can do it.” The great motivational speaker Zig Ziglar stated, “You don’t have to be great to start, but you have to start to be great.” Starting a business offers some challenges and risks, but it also offers the potential for great personal and financial rewards. Thankfully, there are many great business ideas that don’t require being rich, “mortgaging the farm” or risking your life’s savings.
What are Good Business Ideas Worth Investing your Time in?
As new business ideas are evaluated, a potential new business owner should start by asking him/herself if the business is legal, sustainable and in a healthy business sector and if they have a passion for the business idea. Here is a great book called, “Starting With Your Why” that can help you pick the right business for you. This part is critical in the long term happiness of the business owner and is directly related to the success of the business.
Business Ideas that Don’t Require Much Capital
There are scores of accessible business ideas that don’t require a lot of cash. Beyond some basic set-up costs, each business certainly requires some investment of time and money in marketing the business. These are some very inexpensive ideas:
- Graphic designer
- Retail consignment owner
- Writer/online blogger/technical writer
- Photographer (portraiture and landscape)
- Business and Life Counselor
- Music Teacher
- House sitting or pet sitting
- Event planning and coordination
- Mobile automotive detailing
- Residential Cleaning
In addition, franchising offers some lower-cost business ideas enabling an entrepreneur to tap into the strength of a developed franchise concept. Examples of these are:
- Cruise Planners
- Jazzercise, Inc.
- Buildingstars International
- Town Money Saver
Seek Professional Financing Assistance
As your new business idea takes root and grows, financing will help drive continued growth. For great financing solutions, contact Aspen Commercial Lending, based in Parker, CO. We offer a great range of services from merchant cash advances to small business loans, tailored to fit your needs.
Again, we recommend you read this book before deciding which business to buy or build. This could be a difference maker for your business. We hope this blog article helped answer the question of “What are good business ideas” and if you have any questions, you can always reach out!