So, you’re looking to get out of that dead-end job that you’ve been slaving away at for all of these years? You’re a person that’s always fancied yourself as an entrepreneur, but you haven’t been sure how to get started. You feel that you need so much money to get a business off of the ground, that you’ll never be able to afford it – you’ve got bills, student loans and all of that other nonsense to contend with.
If you’ve been scared away by the idea for these reasons, then stop now. The truth is that getting started is as simple as initiative. While many business opportunities can be capital intensive, just as many are not. By getting started with something smaller, you can build the skills necessary to pursue grander things down the line!
Can You Save $1,000?
It’s really as simple as that. In order to get started with many simple business opportunities, you need a very minimal level of capital. You need enough money to promote yourself and your services, and you need enough money to pay for whatever overhead is going to be required by the business opportunity that you’ll be pursuing. So, rather than saving up to buy a fancy new flat screen television, why not sock some money away in order to get started with a business of your choosing? It might hurt in the short term, but the potential for long-term gains far outweigh whatever pain you’ll be feeling as you save up.
RELATED: 5 THINGS TO KNOW BEFORE STARTING YOUR BUSINESS
So, I’ve Got My $1,000: What Now?
If you’re going to be pursuing a low-capital opportunity, more often than not it’s going to be based upon an uncommon service that you’re going to be able to provide customers. Perhaps you’re exceptionally gifted at performing genealogical research, or maybe you’re a skilled and competent writer? These are skills that are always in high demand. Through hard work and gumption you can spin your exceptional skills in these arenas into long-term success. So, take a moment to reflect upon what skills you’ve accumulated both academically and in your career. No doubt there’s something that you think you’re exceptionally gifted at and that, hopefully, you enjoy doing a lot!
Did you get a good idea? If not, a website called Business Town offers a variety of suggestions for businesses you can start with a minimal level of startup capital. Here’s just a few:
- Band Manager
- Book Indexer
- Cake Decorator
- Plant Watering Service
- Party Planner
- Private Tutor
- Wellness Instructor
How Can I Make Such a Small Business Successful?
Once you’ve nailed down the service that you’re going to provide to the general public, the rest is really up to you. While perhaps you’ve been flirting with the idea of private business ownership for a long time, have you really paused to consider whether or not you have what it takes to really let your entrepreneurial spirit take hold of your destiny? It’s true what they say: it’s a lot harder than it looks!
RELATED: STARTING A BUSINESS? FIRST THINGS FIRST
Because you’ll be starting out small, you’re going to need to have the stamina to grind it out in order to get your business off the ground. For this reason, it might be useful to only pursue one of these inexpensive business opportunities as a part-time enterprise. While you won’t be able to totally enjoy the thrill of striking out entirely on your own, you may very well be glad of the safety blanket that having a reliable and steady source of income provides.
To that end, it’s also important to know when the tipping point is. At a certain point, if you’ve been diligent and hardworking, then you’re likely going to reach a point where your business will require all of your attention. When you reach that point, will you have enough capital accumulated in order to keep yourself going, even if the business isn’t growing as fast as you had anticipated?
Really, though, the key to making a small business successful is diligence. It’s your business, after all, so think of it as a blood in/blood out enterprise.