Introduction on business you can start with less capital
Business -This is an occupation or trade on the purchase and sale of products or services to make profit.
Everyone in life time dreams to start or run a certain business of choice. Most people choose Business over Employment because of many advantageous reasons.
Most of the employed staffs start their own private side hustle,this side hustles are small businesses which they start and run using some little or less Capital acquired from their salaries and wages from their respective organisations of employment.
This small businesses pick up and with time one may decide to abandon the job at work place and concentrate
on his/her own business.
I will guide you through some business activities that you as an individual or as a group can engage in with less capital required. This businesses will earn you great profit than you can imagine.
Before taking you through the latter,one major thing you should know before starting a business is the aims of that business.
Aims may be of different types,in Business,the main general aims in a business are of two types;
ie . 1.)Financial aims/objectives
2.)Non -Financial aims/objectives
1.)Financial aims/objectives
This are the aims linked to money specifically. Entrepreneurs may have many different financial aims in his/her business.
This aims are triggered with different intentions of an entrepreneur towards his/her goals.
Financial aims/objectives include;
•Profit
This is the extra money than an entrepreneur retains after doing a business and accounted for all expenses.
Most aims in the business is to make profit as quick as the business picks.
•Business survival
The ability of a business to last for a while after its start.
Most small entrepreneurs do all their best to maintain the progress of the business at all cost with the little income they earn.
•Sales
The volume of output from the business to satisfy its customers.
Entrepreneurs will set targets on what sales they want to make within a certain set period of time.
•Market shares
The amount of market available for your product.
Entrepreneurs will aim delivering goods and services with a wide Market and less competitive.
•Financial security
This is the ability of the business to pay off its debts in good times to avoid bad debts.
Most entrepreneurs will aim at setting and running a business smoothly without debts which can lead to closure of the business.
2.) Non - Financial aims/objectives
This entails other activities carried in a business by an entrepreneur that do not involve money generation to the business.
Non - Financial aims/objectives include;
•Personal satisfaction
An entrepreneur my start and run a business just to satisfy his/her desires, hobbies or talent.
Though he may earn from it, his main aim was to satisfy his/her feelings.
•Social Aims
The urge to counter social needs may make someone start a certain business. This is one way of doing things ethically.
•Control
The need to control and run something of your own.
One feed up with employment may decide to start a business just for him/her to become ones boss.
•Challenge
One may decide to challenge one self to see whether he/she can manage a business and lead to it's success.
Businesses You Can start with small Capital
You do not have to start a business of high capital to succeed, the small amount of money you have as savings could make you the next billionaire.
Here are some of the Businesses you can start all over the world with a few capital and earn a living and at some point expand greatly.
1.] Green Grocery
This is a kind of business where the entrepreneur deal with the sale of Fresh Vegetables and Fruits.
Initial cost of this is very low because of various reasons, this type of business can be carried out in open markets or kiosks.
With a minimum of 10 US $(dollars) one is set to start this kind of business.
It is a profitable business because it's consumers are readily available and the fact that everyone has to feed makes it more profitable.
One may offer after sales services like cutting of the vegetables as per the desire of the customer, this will attract more customers.
Within a Year of serious business, this type of business will expand greatly. With time as you earn more capital, you may decide to expand the business so as to reach out to more consumers.
2.) Barber Shop
This is a type of business where someone sells his/her services.
If you are with good skills in shaving, you should consider starting your own barber shop and start selling off your services.
The initial cost is low for you need not to start off with big barber shop. With one shaving machine and a place to do the shaving you are good to go.
A cheap electric shaving machine may cost only or less than 1 US $ and you are good to go.
You should consider starting one of this shops in a high populated area.
With time you may increase the number of shaving machines and space.
Mostly Men and some women will always want to shave , so you will never lose customers.
You may as well with time start offering massage services at your barbershop after expansion. This will earn you great profit.
3.) Blogging
Are you good in writing? Are you skilled and have the ability to create new content? If yes, then you are able to make money out of it.
All you need is a blogger's account (blogspot) then start blogging to start earning money form ads. You may consider trying ads free paying platform like AdSense .
The more ads on you blogspot the more you earn when clicked.
There are other platforms you need to subscribe for ads, you may consider them too and earn a lot.
4.) Second Hand Clothes Selling (Mitumba)
You may as well consider going to buy them at the source then come back and sell them at a friendly low price covering all your expenses and adding a profit.
Everyone has to be clothed, so be sure of success.
But before going for this business you should first identify the type of market you are going to deal with.
Important things you should consider before starting this business ;
•Gender - What type of clothes you want to venture in on? Are they Men or Women clothes?
•Age Brackets - What age brackets people are available for the market? Because different age brackets wear differently.
•Population- The number of people you are going to cover in your business .
This is a first hand type of business which needs low capital to start and it gives good capital.
5.) Online Tutorials
If you are well educated in certain fields you may as well earn from it.
Just open a YouTube channel and start giving online tutorials on that field/fields.
For example, one may start giving tutorials on how to cook certain foods or how to do certain things.
The more people view your tutorials and subscribe, the more you earn daily. Your content should be fresh for you to get more subscribes.
Initial cost of starting this is zero. You don't need money but only Data Bundles.
6.) Online Marketing
This days there are many online businesses that entail marketing of products.
Joining this organization is easy and only small amount of money needed.
What you only need is to search for the legit ones and join to start earning.
7.) Selling of Fruit Salads and Fruit Juices
Most people find it difficult to chop fruits. Selling of Fruit Salad is a type of business where you involve in selling already well chopped mixture of fruits.
Fruit juices are the most healthy type of juices, most doctors recommend this type of juices.
Fruits are blended into juice and ready for consumption.
Initial cost is as low as 3 US $. The profit is high because of high rate of consumption.
8.) Delivering Services
Most companies find it so overwhelming when it comes to delivering information or goods.
If you have a good PR you should try and ask for such tenders. Initial cost is zero and you will earn.
You can start up your firm to deal with multiple organizations and for trust issues and with no doubt you will make income greatly.
You can deal with multiple businesses involving delivery and you succeed.
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