Your success as an entrepreneur starts with finding the right business idea. However, it’s easy to get discouraged by the high startup costs and give up on your dream. The good news is you can open a small company and expand gradually. A small business is defined as a private company with a limited size and revenue. You might also wonder how many employees a small business can have. The ACA, SBA, and IRS differ in their definitions of a small business. Per the ACA, small businesses have 50 employees and below. Though requirements vary by sector, the SBA expects small businesses to have below 1500 employees and not more than 38.5 million dollars in average yearly receipts. Conversely, the IRS uses individual tax regulations to categorize small businesses. Consider the following ideas to open your small business with a low investment.
1. Cleaning Services
You can offer cleaning services to homes and offices if you’re looking for a small business with low investment. Even without a physical office, you can start this business with only a few cleaning supplies. Marketing your business is also easy. You can advertise your services on social media or go door to door telling your neighbors about your business. Return clients are guaranteed if you offer quality services.
2. Pet Sitting
If you love animals, you can take care of pets as their owners play king of cards. You can either run the company from your home or care for the pets from the owner’s house. Your duties include:
? Playing with the animal to stimulate them mentally and physically
? Cleaning up after the pet
? Preparing meals for the pet as required by the owner
? Walking the animal
? Giving medications where applicable
? Grooming the animal
? Taking the animal to vet appointments when the owners are away
? Offering companionship
3. Freelance Writer
You can utilize your writing talent by venturing into the content business. For example, you can publish a book, submit stories to magazines, or create a niche website. You can also venture into script writing or help other companies with their web content, technical manuals, and social media posts. The best part is, this small business can be done from home. All you need is a computer and a fast internet connection to research and communicate with clients.
4. Professional Organizer
With the chaos surrounding everyday life, people need someone to organize their spaces and streamline their routines. A professional organizer takes control of your space by designing systems based on tested organizational principles. An organizer’s duties include:
? Running errands
? Planning events
? Paper filling
? Closet organization
? Life coaching
Your company can focus on one area instead of offering all these services. You could also target specific audiences, for example, students, seniors, or work-at-home parents.
The next step after picking a business idea is putting in the work. Remember, running a small business isn’t smooth sailing. Learn from your mistakes and seek help when you encounter difficulty. What challenges do you face as a small business owner? Mention another small business with low investment in the comments.
William Benetton is a famous writer, professional photographer and web-designer. Last few months he has been creating interesting, informative blogs and websites such as king of cards. If you want to contact William, please check his Facebook. He can’t imagine his life without sport, travel and morning coffee.