People often say that you won’t get rich by working as an employee (unless you hit the jackpot and work for a huge company like Google and become its CEO). But for most of us, this saying hits close to home.
Working for others does give you some stability and a shot to a decent life. However, you are most likely never to get rich from it. But more than that, you will never be fully satisfied by working for others. Even if you like what you are doing now, it’s impossible for you to truly love it. And this is because it isn’t yours.
So if you think you are ready to own a business and finally be the employer rather than the employee, here are the small businesses you should consider. Not only are they profitable but they also require a small capital.
1. Coffee Shop and Bar
Do you live in a small town that doesn’t have that many coffee shops and bars? Well, then here’s the best option for you. The demand for coffee past 4 PM is significantly lower. So if you need the cash and wish to stay open longer, then you’d need to serve more than just coffee. A cafe and bar is the best way to address this as you can serve beer and wine after 4 PM.
2. Lawn and Gardening
There will always be a demand for people to maintain and improve lawns and gardens. Sure you have to buy several tools for the job but we can assure you that the running costs are comparatively lower than most businesses.
3. Car Wash
No matter where you are, there’s always a car waiting to get washed. If your town doesn’t have a car wash yet or has only one or two options, this might be the perfect small business opportunity for you. Just make sure you get the location right and surely, the money will follow.
4. Website Design
For a business to succeed in today’s time, they need to enter the digital world and build their website. So if you have the skills in web design and coding, better make it your business. This occupation is always in high demand and the expenses are extremely low.
5. Cleaning Services
To start your cleaning services, all you need is a vacuum cleaner, polish floor cleaner, and a car. It remains high in demand, requires little training, and the overhead is low.
6. Food Truck
People will always get hungry and thirsty. So if you can offer quality food and beverages, then you’re sure to make a profit. However, running a restaurant isn’t always the best option as there are many costs to consider. This is why serving through a food truck is better. It requires a lower overhead and capital.
7. Photography and Photo Booth
People will always have something to celebrate. And at every wedding, Christening, corporate event, or school prom, you can guarantee that photos are on most of everyone’s priorities. This is why photography and photo booth businesses have been thriving for the past couple of years.
A photography and photo booth business does not require much capital. However, you do need to invest in a great camera and accessories if you’re going to pursue event photography. For a photo booth business, there’s the booth, decorations, equipment, and the running costs to print photos. You can check out Orlando Photo Booths for inspiration on modern booths.
8. Online Tutoring
Why not put your knowledge about a specific subject to good use and earn an income? You can put up a small online tutoring business in your town and teach kids on the subject they are likely to have a hard time with, i.e. Math and Grammar. This can be home-based so you don’t have to worry about rent or utilities.
If you don’t want to leave your day job, here’s a great option for you since most children have their tutoring in the evenings.
9. Digital Marketing
In today’s time, businesses need to enter the field of digital marketing to get their products, services, and websites noticed. Digital marketing is also the best way to make new customers and retain old ones. This is why experts in the field of digital marketing, SEO, and social media are highly sought after.
One example is Sefe Marketing which is a full-service digital marketing agency. Their main goal is to help businesses of all sizes in Melbourne through their expert marketing team and expertise in advertising.
10. Freelancing Service
Do you have a talent for writing? Consider making it your business and start doing articles, web content, and blogs. If you’re more of a graphic designer, you can try your hand in logo and graphic designs. There’s also voiceovers and data entry work. The best thing about these jobs is that you handle your own time. Plus, you don’t need to invest in new things to do any of these tasks as it only takes a laptop and an internet connection.
With all that said, let’s close this article with a quote to remember: “If you don’t build your dream, someone else will hire you to help them build theirs.” – Dhirubhai Ambani.