Today’s most successful entrepreneurs like Mark Zuckerberg, Elon Musk and Bill Gates did not start their journey by being rich and famous. Most of them started from the very first step of the ladder. Facebook was created by its founders in a Harvard dorm room at a minimal cost. And most interestingly, Microsoft was formed two years after Gates decided to drop out of college.
As a budding entrepreneur, it is not mandatory to open a rich business first. One can also start with small ones too with a limited budget source. Here, we give you some smart business startups you can get started with your limited budget.
1) Breakfast Joint
The first thing that shutters our brains as soon as we get up early in the morning is what to have for today’s breakfast. Well, encash this and start a simple breakfast joint. This is because food as a commodity will always do well in the competitive market. All you need to do is get licensed from the respective authorities and rent a space. Remaining amount can be spent for buying groceries, raw materials as well as second-hand tables and chairs.
2) Tuition Centre
This is definitely one of the cost effective businesses to launch. You need zero starting investment. Most of the tuition teachers who are knowledgeable take classes in their own homes, thus eliminate any expenditure on rents. All you need to do is put in yourself as a tuition teacher and advertise yourselves on social media.
3) Mobile recharge shop
Even there are many online recharge platforms emerging now, there are still many who use the traditional way of visiting shops and getting their recharges done. So, you can start this business by renting a small shop and form ties with the network service providers like Airtel, Idea, Vodafone and note down their commission rates. Your overall cost will surely be lesser than 10 K.
4) Travel Agency
The travel industry is one of those businesses which witnessed a boom in the past few years. The cost-effective plan is to open a home based travel agency in a small part of your house by tying up with a host agency. You will certainly receive your benefits from the host. They can also help you earn higher commissions by keeping your costs low.
5) Fruit Juice Centre
Summer is on its way. Who would not like to relish with a glass of natural fruit juice? All you need to do initially is gain permission to open a kiosk near your place. Your costs include those of your raw materials, machines to make the juice and salaries of the employee(s) for preparing juices.
Well, get started with any of these simple ideas and do let us know in the comments section below if you have any other ideas of yours.