Not sure what career to pursue? No worries. I know you wish to run your own business and this is enough to help you out!
While learning these small business ideas, you might get tempted to them. But you‡re not to think of just the profit.
The entrepreneurs first look at their passion and the skills they‡ve. So, focus on your skills and the type of things you enjoy doing. This can be an excellent kickoff for you to come up with great business ideas.
Maybe you still have a big list of business ideas to choose from! What to do now?
The below suggestions should shortlist you some best businesses to start:
- Check out the profit potential of the business for now and after many years in the future.
- Your business must do well in uncertain economic times.
- It should not require a Ph.D. or a decade of experience.
- It must not require a big startup capital that you can‡t afford.
Best Small Business Ideas
These are the the some of the best small business ideas to consider:
1. Catering services
If you‡re a professional chef but hate the daily restaurant grind, starting a catering service is a great business idea for you to get into the world of self-employment.
While you‡re starting you‡ll need a commercial kitchen, food serving staff and a few assistant cooks. You‡ll have the choice of picking the projects of your choice. So, you can work less often by choosing fewer but larger events.
However, at the beginning of your business, you‡ll have to make yourself known in the market. The three major markets that you‡d target include, social events, cultural organizations, and corporate clients.
“Most restaurateurs hate catering for the exact reason that I love it: It‡s different every day,” says Ann Crane, owner of Meyerhof‡s Cuisine and Catering in Irvine, California. (Entrepreneur.com)
Pros
- You'll get to know different people.
- Your can choose project of your choice.
- You can work whenever and wherever you want.
Cons
- It might take a good time before you make your audience.
- Event catering may not work throughout the year.
Recommended: Ultimate List of Food Business Ideas
2. Hairdressing business
Hairdressing is one of the most successful small business ideas. If you already have training and experience in the field, you probably will establish your hair salon in a short period of time.
However, if you‡re new and want to become hair stylist, you would need to learn the work first.
You‡ll need attractive décor, talented staff and comfortable seating to kick start your salon. But it takes more to make it successful. A successful hair salon retains its customers by providing the best services and comes up with ideas to bring new customers.
The second approach is to start a mobile hair salon. You won‡t need a fixed location, but a mobile salon shop. You‡ll mainly provide services to senior citizens and other people who are trying to minimize their trips out of the home.
Pros
- Your time will pass easily talking and working side by side.
- You can opt to work 8 hours or 10 hours shift.
- Providing a variety of services, including facials, nail care, hairstyling will earn you sufficient money.
Cons
- It involves standing for many hours straight.
- You must know how to dress hairs as per clients wish, otherwise, you might have to listen their quick negative feeback.
- You should have the skill to retain your clients.
Recommended: Practical Beauty Business Ideas
3. Computer repair service
Computer problems happen to everyone. Whether it is a computer in a home or some office, the need for repairing arise at some point. So, if you have a technical background and computer repairing skills, it can be a life turning business idea for you.
While you‡re starting your computer repair business, you‡ll have to buy the tools and equipment. But still, the idea is affordable. You‡re to start small and grow your business gradually with time.
Certainly, you‡ll think beyond targeting the individual computer owners. Small businesses and IT companies can give you regular work and thus, can make a solid foundation of your business.
Once you‡ve strong customer‡s base in computer repair category, you can hire staff to add other related electronic repair services. For example, TV repair, smartphones repair, and home appliance repair.
Pros
- It's the age of technology. So, you won't have the problem of finding work.
- It is expandable business.
- By contracting with computer related small businesses, you can make good money.
Cons
- You'll have to purchase your own tools and equipment.
- Technical skills are necessary.
- Some clients may want to be certified in your field.
Recommended: Technology and Related Business Ideas
4. Food truck idea
Food truck business is a profitable small business that works almost everywhere in the world. Not all people have time and money to go to restaurants. Food truck owners are getting enough customers and that‡s why you see different mobile food businesses around you.
Unlike the restaurant business, the food truck business requires little money to get started. It allows you to serve food in different locations and at times of your choice.
It is one of the low-cost food business ideas that can give you a steady income. If you ever dreamt of opening a big restaurant, starting a small food truck business can be your first step to familiarize with people and know their choices.
Do not forget to try busy locations, special events and places near institutions and offices.
Pros
- You'll decide the menu, depending on the what people love to eat in your place.
- It is less risky than opening a restaurant.
- It is easy to get started when you've budget.
Cons
- Food truck and kitchen utensils cost reasonably.
- You should be a good chef.
- Some food might be wasted at the end of the day, if not sold.
5. Camera rental business
Who doesn‡t love to make memories with their loved ones, especially on the festivals, events, and parties? Since Cameras are expensive and people don‡t need them very often. That‡s why there is no need to buy if they can get them on rent, right?
If you buy a camera and its accessories, you‡ll open many small business opportunities for yourself. Camera rental service is one of them. The good part is that you just need the basic knowledge of cameras and accessories to get started.
You can start your camera rental business from home and with just one camera. Later, you‡ll increase your inventory to provide customers with a wide range of choices.
Thanks to the internet and social media, you can easily make a strong customer‡s base in a short period of time just by sharing high-quality images.
Pros
-
You‡ll enjoy the profit margins.
- There are many opportunities that can help in business expansion, including wedding & events photography and video coverage.
- The big investment is needed only once. So, once you're in, you won't need to worry about it again.
Cons
- Initial camera and accessories purchase is a great barrier to cross.
- Some customers might not know how to use Camera properly. Therefore, you‡ll have to give them idea about its use and care.
- You‡ll need to maintain the equipment properly.
Recommended: List of Photography Business Ideas
6. Dog walking business
Are you an animal lover? If yes, you would love to have occasional walks with dogs. Won‡t you? It is a simple, straight forward, and low-cost way to enter into the animal business industry.
In big cities across the United States, dog walking is a startup that guarantees a steady income. Many entrepreneurs, however, offer additional services including dog training, feeding, and boarding service.
If you‡re a beginner and thinking to get into this business, make sure you learn the basics. With time, you‡ll be able to hire employees. But to reach that stage you must market your business and build a friendly relationship with dog owners.
One of the easiest ways to market your business is to wear customized clothes with your business logo and phone number.
Pros
- Dog lovers can feed their passion.
- Dog walking will keep you healthy.
- It‡s easy money for beginners and can be done part-time.
Cons
- You‡ll be at mercy of the weather.
- This startup doesn‡t stand everywhere.
- You‡re not going to be rich, unless you hire professionals and expand your services.
7. Cleaning service
Do you live in a densely populated area where life is busy? That means people would be a lot busier and won‡t find enough time to do the cleaning by themselves. Not only in homes, but small business offices, companies, apartments, hospitals, and institution all also need cleaners.
That‡s where you can come to help. You can go for any popular niche in cleaning industry, as per your interest. For example, if you‡re interested in big business, you should start a commercial cleaning business.
While if you‡re planning to start a small cleaning business that cost little, you can choose to be a residential house cleaner.
The good thing about cleaning business services is that they don‡t need a lot of advertising. You‡ll receive most of your customers through the word of mouth. And hence, it is important that you provide quality services to build a healthy clientele.
Pros
- The startup cost is very low.
- It doesn‡t require any degree, course, certificate or experience.
- It‡s very unlikely that you‡ll have overhead costs such as vehicle, office, rental cost and utility bills.
Cons
- Cleaning is a tough physical work.
- The income is slow, unless you establish a strong client‡s base.
- Like other businesses, expanding and stabilizing your cleaning business need a good time.
8. Interior designing
Among the thriving and most successful small business ideas is the interior designing business. As an interior decorator, you‡ll have to fulfill the home decoration and furnishing needs of your clients.
Some clients may just need you to do the arrangement while others would want complete styling and furnishing of their homes.
There is vast scope for interior designers as the demand for decorating and designing homes is more than ever before. The industry adds $10 billion annually to the revenue in the U.S.
Before you get started and think of bringing your business on the road, you‡ll have to learn the work, gain some experience, and come up with clever marketing strategies.
First, know your target market and then, make a marketing plan to attract potential clients. You should try to cover interior designing subsectors including antique furniture refurbishing, basement remodeling, decorating artificial flowers, ceramic tiles, sales and installation, and home furnishing.
Pros
- As an interior designing, you‡ll unleash your creativity and thus, transform your skill into an art.
- Many useful designing software are now out there to help.
- Most of your clients will be coming back to you.
Cons
- You must learn the work and actually become able to do it decently.
- You‡ll need to be known before you charge big amount for your work.
- Sometimes, you‡ll face strict deadlines.
9. Personal trainer
If you‡re a fitness enthusiast, becoming a personal trainer could a satisfying career for you. You‡d do what you love, you‡d work part-time, and you‡ll have a lot of options where you can opt to work. Some people jump into this career to help others achieve their goals.
However, becoming a personal trainer takes more than fitness enthusiasms and helping others. You‡d need a degree, certification and some experience before taking a step to be self-employed as a personal trainer.
When you‡re just starting out your career, you should work for a larger club to get experience. This would be useful in running your own business, which is your ultimate goal.
As you start, you‡ll come to know the type of clients you want to train. Now, you can consider a specialty with the help of which you‡ll have more to offer to your clients and you‡ll charge more for your services than before.
Pros
- It is a career that involves helping others.
- Many love being personal trainer because of the freedom and fulfilment it offers.
- You‡ll be stress free and do daily exercise and thus, keep healthy.
Cons
- You may have to work on weird hours.
- Making a strong client‡s base in fitness industry is hard and therefore, it take time.
- The income is unsteady. You might not work with one client for long.
10. Landscaping business idea
Landscaping is yet another profitable business that needs no degree or formal training. You can learn the work on the job. Some landscaping and lawn care services are basic and anyone can do them.
For example, mowing lawns, gardening, removing herbs and shrubs, planting, and tidying up the lawn from fallen leaves.
The landscaping work is suitable for active people who have the potential to do work for many hours straight consistently. If you‡re planning to start small, you might not like the seasonal nature of the landscaping business.
A big company that offers landscaping and many other related services in the country can make a good income in this field. It would get customers from different places throughout the year.
According to Entrepreneur.com:
- The landscaping and lawn care business owners, on average, earn $5,000 to $50,000 in their first year.
- As soon as they establish and build a customer‡s base, they earn $160,000 to $250,000 annually.
- The one-time service charge of the most landscaping and gardening businesses is anywhere in the range $20 to $80.
Pros
- You can increase your income by selling fertilizers, bugs and weed treatments.
- It is a great business idea for those who are free in summer.
- No formal training is required to join the landscaping business
Cons
- There is a risk of losing your customers in tough economic times.
- The work is seasonal in some areas.
- The competition is high.
11. Photographer
Do you have a passion and a great eye to capture the special moments? You might want to consider photography as your career. The competition can be stiff depending upon the area you live in.
You should specialize in a specific type of photography, such as wedding photography, portraits, and drone photography to stand out there.
One of the most successful small businesses in the photography industry is wedding photography. The wedding photographers cover special events, festivals, and parties also.
What if you‡re willing to start the photography business on a small scale? Buy the necessary tool and equipment and turn one of your rooms into a photo studio. It‡s easy until this stage. Once you‡re set to receive your first customer, you‡d need to promote your services.
You‡re starting small and from home, but that doesn‡t mean that you‡ve to be there always. So, gird up your loin and set a goal to turn your small business into big and provide people with all types of photography services from a beautiful office in a prime location.
Pros
- If you know the art of photography, you‡ve a good chance of making a lot of money.
- You can run this business from home.
- It will be fun, if you have passion for photography.
Cons
- You must have a good social media platform to promote your business.
- You must learn the basic editing in Photoshop.
- Difficult people and bad days will come on the way to success.
12. Daycare service
The daycare service market is huge. So, if you‡re good with children, you‡re in luck to have this profitable business opportunity. You‡ll have these options once you decide to fill the daycare need in your neighborhood.
- Starting full-time nanny service.
- Establishing childcare out of your home.
- Renting commercial space and starting a professional daycare service.
In any case, do not forget to know the state licensing, insurance, and inspection requirements.
If you‡re planning to start this valuable business, you‡ll have to be professional in your work. It is a matter of kids and definitely, parents would want to leave their children in safe hands.
Pros
- You can care for your own kids.
- Spending most of the time with kids is better than having a stressed life.
- You do not need any degree to get started.
Cons
- You‡ll have a big responsibility of taking care of many kids, including your own.
- Managing day care center requires long hours, from 6am to past dinner time often.
13. Resume writing
Resume writing service helps candidates by creating a resume that speaks the candidate‡s skills. If you have the skill to write resumes that catches the attention of potential employers, you can start this business.
Many candidates find this work tough and time consuming and that‡s why they ask for help. You‡ll have to market your business so that the students and job seekers can find you easily.
With the internet, you can help people all over the world. All you need is to start your own resume writing website or make gigs on freelance websites so that people can contact you whenever they want.
Pros
- You can start resume writing services without investment, provided that you‡ve the skill.
- It can be operated part-time as well as from home.
- You‡ll be doing work online and therefore, can target international clients.
Cons
- You‡ll have to market and let people know about your business to win contracts.
- Office based resume writing services require word processing software, PCs, Laser printer, and a copier.
Recommended: 23 Small Business Ideas for Housewives and Moms
14. Tutoring business
Tutoring is among the most successful home-based business ideas available today. To be a tutor, you need a degree (at least bachelor) in an academic subject.
These are the options you can choose from once you decide to start tutoring:
Tuition center: A small home-based tuition center is a good option for beginners. You‡ll have to teach a couple of hours to the students who are weak and join your tuition center. If you find a good number of students, you can make good money.
Home tuitions: In the case of home tuition, you‡ll visit the students and teach them in their homes. A couple of home tuition can earn you enough.
Tutoring online: Online teaching is among the trending small business ideas that pay well. You‡ll need to teach from home through the internet.
Making a course: If you have a skill and you want to teach it through videos, making a course can be your best option. You can make a website for your course where people can enroll. You can also put your course on popular course sites online. Udemy is one of the most popular course sites.
Recommended for you: Online Business Ideas Without Investment
Pros
- There is always demand for tutors. So, you won‡t have hard time finding students.
- It is one of the easy businesses you can be into.
- No startup cost involved.
- There is no limit what you can teach as tutor.
Cons
- You‡ll need patience and persistence to be successful.
- Your social life may suffer because of tutoring time.
- You‡ll have to work by yourself to earn money and reputation.
15. Welding business
Unlike many entrepreneurial ideas, welding business is a business that can be successful in every type of area. You can turn it into a success, even if you‡re living in a village or small town.
Every area in the world needs small businesses that help in repairing, making, and installing metal-based items. The better news is that the competition is low and many new entrepreneurs are needed to fill the available space.
You should work on projects that the community needs. Then, they will find you whenever they need you. However, a location-based welding shop is good to attract customers. You won‡t need to advertise at all if you‡re starting a small welding business.
Pros
- The future outlook for welders is good.
- One can earn money equal to the salary of doctors or lawyers.
- Welders have endless self-employment opportunities in welding industry.
Cons
- You‡ll have to work in crooked and cramped places.
- Welders might need to work outside, even in bad weather.
- They may sustain injuries since the work is with scrape metal and high heat.
16. Massage therapist
Massage therapists are health care workers who help in relaxing body tissues and promote wellness and healing. It is a business suitable for people who enjoy working with people and making them feel better by managing their pain.
As a massage therapist, you‡ll have to do the following things:
- Asses the client‡s health and deliver massage.
- Give tips to the clients about their health.
- Teach stress management and relaxation techniques.
- Show them what postures to avoid and which postures can help.
That‡s not all if you‡re running a self-employed massage business. You must do marketing, scheduling, cleaning, and billing.
Pros
- Many people pursue this career to make money.
- Half of the massage therapists work part-time, so can you.
Cons
- It a physically demanding work.
- It can be hard on your body, as you‡ll have to bend regularly.
17. Laundry services
Many people do not find time to do their laundry. They prefer to send their clothes to laundry services. So, you can be there to help such people.
Depending on how big you want to start your laundry business, you‡ll have to invest money.
A self-served laundry is easy to start and doesn‡t cost much. It is, however, advisable to research the area and find out if there is enough room for you to get into this business.
The location of laundry service matter more than anything else. If you pick a prime location near the hostel, schools, hotels, motels, colleges, and hospital, you‡ll start earning good money soon.
Pros
- The laundry business needs minimal inventory.
- There is no fluctuations in laundry requirement in bad weather.
- It is easy to sell a laundromat.
Cons
- Big startup capital is needed.
- You cannot take a day off if you operate laundry business.
18. Bed and breakfast
If you‡re living near a tourist area, then probably one of the most profitable businesses you could go for is bed and breakfast. You can start with one room but more the rooms you have, the better for you.
This business idea will entertain you as well. You‡ll meet different people from different parts of the world. Make sure you know the types of people who usually travel your area and create special packages for them.
You‡ll also need to come up with ways with which you can tell them about your bed & breakfast business.
You can hang banners and signs, hand over cards to people who might need rooms, treat them well and give them your mobile number so that they can get help from you next time or can refer their friends.
Pros
- Costs is less, if you own the property.
- You get to socialize with your guests.
- This is a business that will allow you to work from home.
Cons
- You must offer proper value services.
- Depending on your location, might not get income for long in between good days.
19. Taxi driving
If you‡re looking for a one-man business idea, taxi driving can be a good choice. Before jumping right in, it‡s better to talk to a few people attached to this business.
Once you come to know that it can a solid business for you, then it‡s is the time to research on an area where you‡ll drive. You can find hundreds of customers in big and populous cities daily.
The next step is to buy a taxi cab or get it on rent. The startup would be small initially but no need to worry. Many entrepreneurs who grew famous had their startup grow from zero, so can you.
Pros
- You‡ll get paid soon.
- In big cities you won‡t face the shortage of passengers.
- You could drive taxi as “pick and drop service” for school kids.
Cons
- You‡ll have to work many hours a day to earn good money.
- Apart from buying taxi, you‡ll have to spend money to maintain it in good conditions.
20. Auto repair business idea
Among the best and most successful small business ideas is auto repair business. If you love working on cars in the garage, why not start car repairing as a business.
Many skilled workers work as employees in companies where they are paid quite less. They have to work for many hours a day. If you‡re one of them, consider starting your own business.
On the other hand, people with an entrepreneurial mindset work as an apprentice in car repair shops but as soon as they learn the skills, they start their own auto repair shop.
Pros
- It has reasonable earning potential.
- The startup capital is moderate.
Cons
- You‡ll to work many hours a day.
- You would get dirty while working.
21. Open a gym
If you‡re into exercise and fitness, gym business idea is worth considering. Small gyms make revenue from membership and monthly fees.
While big gyms increase their income streams by offering fitness classes, juice bars, tanning salons, and renting a place to personal trainers. Some people, however, won‡t like this business idea because of inflexible schedules.
Gym business spreads through word of mouth. While if you want to promote it to more people and trainers, you can publish an ad in the local newspaper. Hanging banners and flyers in busy streets can also be effective.
Pros
- Gym membership doesn‡t earn much money, however, gym owners can increase their income by offering classes, amenities, equipment and smoothie etc.
- You‡ll keep yourself fit and healthy.
Cons
- Without prior experience in fitness industry, it is hard to start and run a gym successfully.
- The gym equipment‡s are expensive.
22. Car washing service
According to Hedges & Company, “there were 276.1 million vehicles registered in the U.S. in 2018. That is 276.1 million vehicles that need to be washed and maintained regularly”
This means the investment in the car wash industry is safe. Still, before investing in car wash business, conduct research and study the market demands and feasibility.
A small self-served car wash business on average makes $40,000 per year. Choose a good location because it is the major factor that leads to business success.
Pros
- Car wash services are always needed, hence, it a profitable business to get in.
- It is a suitable business idea for beginners with no to little experience.
Cons
- You must know the types of car wash services such as self-service, full and exterior service.
- It could be a seasonal business, depending on the location of your business.
23. Ice Cream Shop
Small ice cream shop is better than many retail businesses. At least, you won‡t have to attend cranky customers. You also won‡t face the problem of collecting money to invest as it cost little.
You don‡t need others to help you in starting and managing an ice cream shop. The good part is that people of every age love ice cream. But they may like different flavors. Hence, you‡re to keep every flavor that your customers may ask for.
The problem is that you can‡t depend on ice shop throughout the year. In winter, the sale would go down.
So, it is better if you start the ice cream business in a place where the summer season remains for 9 months. Otherwise, you‡ll have to start another small business in the winter season.
Related: Simple Businesses for Women at Home
Pros
- The ice cream business offers good profit margin.
- The sales very high in summer season.
- Unlike many other successful small businesses, it doesn‡t involve long hours and tiring work.
Cons
- This business is seasonal.
- Winter‡s sale is near to zero.
- You might have to plan winter‡s favorite food products in your store in winters.
24. Sewing and alteration business
Sewing and alteration business is included in the list of small business ideas with low investment and high profit. People will always need clothes and you could be the person to sew or alter them as per the customer‡s desire.
You do not need any degree, however, you must learn the skill. It is a perfect low-cost small business idea that you can start from home.
If you‡re good at work, you won‡t need to advertise your business to get customers. People will promote your services through the word of mouth.
If you‡re starting a location-based sewing shop, try to find a location in a busy yet non-competitive area. This will increase the chances of your success in this business.
Pros
- You can easily work from home.
- Clients in this line will come to you again and again.
- It could even more favorite business for those who are passionate about making handmade crafts and designs.
Cons
- Learning the sewing perfectly could take your time.
- You must sew exceptional to make yourself known and build a good client‡s base.
- Many small business owners do not like sitting for hours, as required in sewing business.
25. Furniture Making
Furniture is essential in homes, offices, institution, hospitals, banks, and other places that matter. Have a quick look around you! You‡ll find out that we can‡t deny their importance.
The furniture industry can be divided into two major types: Household furniture manufacturing industry and office furniture manufacturing industry. The basic types of furniture you can consider making includes:
- Children‡s furniture
- Garden and Outdoor Furniture
- Kitchen Furniture
- Office Furniture
- Bathroom Vanity
- Luxury Furniture
According to a report by IBISWorld:
In the U.S 45% of the revenue generated in the entire industry is from the sale of household furniture, 5% from institutional furniture sales, 25% from the sale of office furniture, 10% from custom architectural woodwork and millwork and 10% from the sale of other furniture like mattresses, blinds and shades.
Check Also: Business Ideas for Small Towns, Villages & Rural Areas
Pros
- The furniture making is among the best small business ideas for creative individuals.
- Depending on your skills and creativity, you can make anything of the woods.
- You can even sell other‡s furniture in your store.
Cons
- It will take time to establish your business in furniture industry.
- Investment is high. You‡ll not equipment as well as raw material.
26. Clock/Watch Repair
Watch repair businesses fix watches and clocks and sell new watches. If you have experience in repairing small mechanical things, you would find this idea incredibly easy.
Most watchmen work locally. You can find them in shopping malls. Some, watch sellers and repairers are mobile. They cover different areas every day and thus, make most out of their skills.
Nowadays, digital watches and bands are trending and people definitely won‡t buy new and expensive watches because of a small problem. Starting from a small clock and watch repair shop, you can grow it to a successful watch/clock selling and repair business.
Pros
- It is a low cost small business idea.
- You can sell new watches & clocks of different brands in your repairing shop.
- You do not need any degree to be in this business.
Cons
- You must have some prior experience.
- It is a kind of one man business idea. You might not find good watch repairs to hire.
- Only watch & clock repair can‡t make you sufficient money.
27. Clothing boutique
Clothing businesses are often successful businesses. The problem is that they require a big capital that you might not be able to arrange. Fortunately, there is a way out but it is gonna take time for you to reach where your goal.
“Ralph Lauren started selling a couple of neckties and ended up building a multi-billion dollar empire” You can do the same. Start small and then grow gradually with time.
The clothing boutique is suitable for people who are fashionable and know the art of selling clothes. They satisfy their customers by suggesting them different designs and build friendly relations with regular customers.
Keeping yourself up to date to the current fashions and styles will also contribute to your boutique‡s success.
Pros
- You‡ll enjoy huge profit margins in clothing line.
- Customer‡s engagement is important to make them your returning customers.
- It has expansion potential.
Cons
- Fashions and styles go out quickly.
- The competition is high and you can‡t expect good income in the first year of your business.
- Location matters too much.
28. Yoga Classes
Yoga is a popular relaxing exercise. Many attend yoga classes to improve their fitness and reduce stress. People with strong communication and public speaking skills can become good yoga instructors provided that they are passionate about health and wellness.
If you‡re starting yoga classes alone, you‡ll have to handle everything by yourself including scheduling classes, recruiting new students, cleaning mats and marketing your studio.
A yoga studio can be started in both cities and small towns. In some places, you would find more students than others. So, be sure about the potential of your place before jumping into the business.
You‡re starting small but you don‡t have to be there always. Therefore, you must think of ways to grow your studio.
One day, you‡ll have many instructors in your studio, you‡ll be offering healthy juices and other diets, and you will be able to rent out space to personal trainers in your studio.
Pros
- It is an easy to start business as it doesn‡t need a large financial investment.
- Students will promote your classes, even if you won‡t ask them.
- You can also consider teaching yoga classes online.
Cons
- You‡ll need to hire more yoga teachers and trainers if you want to grow and make a professional organization.
- One of the biggest challenges for new yoga teachers is finding students.
- Good teachers are also hard to find.
29. Café Shop
Café shops are very common in many parts of the world. You can too find a spot in the industry to fill in. What‡s your say?
No problem if you haven‡t run a business before. Remember that “Every expert was once a beginner”. And if you want to learn things and come into the game prepared, you should consider working in a café for a month or two.
It is true that it could be the path to your independence but in the first few months, you‡ll have to prove that your business will stand the test of time.
So, before you plunge in have proper research of the industry and make a proper plan to stand out in the competition.
Pros
- There is a good market for cake and baked food products.
- Home delivery option can increase your sale.
- If cooking is something that you enjoy, you‡ll have the opportunity to unleash your skill and creativity.
Cons
- Food businesses have regular health and safety inspections.
- You‡ll have to wake up early and bake cakes.
- The profit margins are not high enough. So, you‡ll to make more sale to generate a good revenue.
30. Used Car Dealership
A used Car dealership is a million dollar business. It requires big investments and has risk involved. But the thing is “If you know the art of choosing used cars that can offer you good profit, you‡re all set for this business.”
These are the small niches within the car dealership industry that you can think of specializing in:
- Bricks and mortars used cars dealership shop
- Online used cars dealership shop
- Used luxury cars dealership business
- Multi-brand and multi – maker car dealers
You can run this business with a car rental business. In the car rental business, you already would have a fleet of cars that you can sell if you see a good opportunity.
Moreover, it will increase your knowledge and experience in cars. Hence, it will help you to be ready for the car dealership business.
Pros
- It can save you big amount.
- It is a highly successful homebased business idea for those who know vehicles.
- If you‡re good at negotiating, you can make excellent deals.
- You can be a car dealer on part-time basis.
Cons
- The risk involved are high.
- You must find out vehicles as per your budget that still can make you money.
- Sellers may not tell you about the vehicle‡s history, therefore, you must have a detailed look and decide if it is worth buying.
