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Small Business Ideas that don’t Need Much Startup Capital

 Starting a small business can be expensive. There’s the initial capital outlay, business licensing, and hardware and officeware procurement. If you’re not planning on starting a franchise, then there are a number of small business ideas for less than $5,000 that you can grow from home.AccountingIf you have proficient skills in accounting, you could easily start an accounting or auditing service from home with almost no need for starting capital. You even have options like becoming a freelance company bookkeeper or a tax preparer. If you aim to start your own tax preparation business but you lack experience, then it is advisable that you take tax preparation courses online. These can easily be taken from home, at your own pace and schedule. Your expenditure will only be for a computer, business cards and information brochures to get your business known.LandscapingYou not only need quality equipment, but reliable transportation as well if you aim to start your own landscaping business. Necessary tools of the trade include a weed trimmer, a lawn edger and a lawn mower. You can opt to buy second-hand equipment to minimize expenditure. You can also enroll in lawn care classes offered by your local home improvement store or nursery. It is important that you know everything about lawn care so that you’ll be able to provide the best service possible. Marketing methods include posting ads in the local newspaper, printing up business cards and informational brochures to give to potential clients. Everyone has to start small before getting bigger landscaping jobs.Cleaning BusinessSimilar to landscaping, entering the cleaning business requires a little bit of outlay. For a housekeeping business, you would need to purchase equipment like vacuum cleaners, dusters and supplies to start off. For a garage cleaning business, you would need a big truck to relocate things and even an assistant to help you out. To minimize costs, you can rent the truck and pay the assistant after landing your first job. Other options include cleaning up basements and attics. You can acquire your first clients by giving away information brochures to local businesses, and getting your family and friends to try out your services. If you still lack customers, you can get your ad displayed in the local newspaper. It is also important that you consult your insurance agent about liability insurance so that you don’t lose too much money, particularly when a customer’s property gets damaged.   

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Comments

  1. You can start these business ideas with minimal capital

  2. Kenneth Cudjoe says

    Lorna, thanks a lot for such an inspiring ideas, you made my day because am an accounting student and i think i can make something good from your accounting ideas you gave out. thanks

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