Topic: Small Scale Business Ideas - page 12. (Read 1903 times)

It's more about how one does a good job of managing their finances, saving their Christmas bonus, and a few other bonuses to use to build their own business.
It might also be diverting to some more profitable investments such as Bitcoin for the long term and buying a few grams of gold to accumulate the bonus to grow and generate more profit when the investment starts to rise.

As someone who wants to build a new business that can be profitable, must have the right strategy and good planning.
Without doing that, the business plan will not reach a good point.

Now many are turning to online businesses because they don't need a physical store and reduce costs for a place to sell and marketing will be easier.

I mean that was easy just save money for the capital on your business, if you have a full-time job just save a little amount until you think you already have a good amount of capital to start your business, Christmas bonus can also be a capital, I know a friend that use his bonus to start his business, and I think that was really great since most of the employee when they get there bonus the first thing they do is spend it to something that they really wanted not invest it to something like a business.

The first business that came to my mind is having an online business since it has low risk compared to something like building a store, but personally, I would go to something like a passive income as a safer approach, probably investing in an apartment or a condo something like that, having a good passive income monthly I guess is already a great investment, but having a business is obviously where your money can multiple. So online business is probably something like a clothing brand since you could just probably start to print a few copies and then sell it to your friends and family as well as online, with just enough skills you could easily promote it online, then wait for all of your supply to be sold until you go for another batch I think that way you could minimize your business avoiding lose since you could easily stop printing t-shirts if you think it wasn't a good month something like that.

First of all, you need to understand that in any business, profit is directly proportional to the amount of risk involved, so you can't expect to start a smart scale business that has low risk but a very high profit proportion which is basically not how businesses work. The scale of your business determines the profit percentage and we all know that the bigger the scale is, the bigger the risk will be since your capital will be increasing as you increase the scale.

So, we should leave the low-risk, high-profit thing aside and think of businesses that can be started with a small capital and can provide some profit based on how much you are investing. One such idea can be to buy and fix a vending machine somewhere within your city where you know it will be used and there won't be any problems like it won't be stolen or broken or something.

Capital is a big problem for starting a business but if you want to start a small business then capital will not be a big problem for you. First of all if you don't have any money then plan a small business and try to save some money according to that plan. Many are seen saving their tuition fees or otherwise saving their money and investing in Bitcoin or building some other business. You want to start a small business but we have no idea what type of business you want to do. If you want to do business in crypto platform then you can start your investment with small amount of money or if you think you will do physical business then you can start your business with small shop or something else. If you can start a business and maintain it slowly, the business will definitely improve.

Since we have enough knowledge about internet, we can come up with business ideas by using this internet. I have an idea to create a platform to sell digital goods based on the Internet, but the project is still in the development stage because a lot of research is needed to understand it better. Capital is the most important thing in starting any business, whether the business is small or big you need to raise capital. The money I currently have with the business is not enough to run the business according to my idea. So now I have to take some money from the family to collect funds, and if the bank of my country has the idea of ​​helping entrepreneurs then I will try to take a loan from the bank. Any business may seem small from the outside, but starting a business requires a lot of capital, so it is important to keep these things in mind before starting a business.

First, I want to tell a short story related to this and then I give you my opinion. Some time ago I watched a movie in which the person wants to be rich but he has no investments but a small salary. The place where he works is a place or I think a stock market and people place their money with him. He created a plan and then took a risk and invested the whole which the other person gave to him and bought some shares one night the price of that share went up which gave him triple that invested money. He returned the money to them and invested again in the profit.

The aim of telling this story to you is that it's not a reason that you have no money if you have a mind-blowing plan then you will be successful and yes also have the guts to take risks the lower the risk the lower the profit and vice versa.

The simple thing you can do is to find first a job and make money there. Do not feel ashamed about your work but instead set your goal that how much will earn this month. There are a lot of jobs in the world so find the best one and when you collect the money that you feel is enough to start your own business then start it but remember that do not just stay in that business you have to expand it to different cities and to the world.  In case you do not find a Job then the last option is to take a loan from the bank which is called a business loan and start a business and return some percent to the bank after two or three months.

The important thing is when you start a business for the first time you need to start working with some who do the same thing, first you gain experience and then apply it to your business.

I hope this will help you a lot.

You need to be more details on the term small scale, selling a lemonade on the side road is a small scale business for some people, while other might view owning a small convenience store is still a small scale business. Maybe you need to specify the maximum amount of money to start the business.


Well, if you live in tropical area, agriculture is definitely very profitable, and I know how to a plot of land into a rice field, I might only need to work hard for 1 month, after that is just maintaining the irrigation system and keep the pests away, it's not that hard and definitely less effort than working on a factory or mine, even with less modern tool. If you have more modern tool you can easily scale up. The problem is not about the effort and 'working our ass up', but the price for good soils is extremely expensive, would need a much money to start an agriculture business. Even with those expensive land agriculture is still profitable.

alot of people keep making the mistake that they need upfront funds of large scale amounts to jump straight into a business that is making instant profits from day one

the secret is no one should be making "profits"(taxable) in the first year on a small business.. instead any income should be split between paying a fair salary and re-investing the rest for growth of the business until its self sustainable at a later date

start small. lets use selling refilled ink cartridges as an example..
if you can buy ink cartridges for $1 and sell them for $3. then just buy 10 cartridges.. even kids with pocket money can afford to start out like this
make $30 and then buy 30 (taking no salary)
sell 30 and make $90 and buy 90(taking no salary)
sell 90 and make $270 and buy 270(taking no salary)

then try to find a second product to diversify your product line and open up more selling opportunities
EG
sell 90 product A and make $270 and buy 135 product A 135 product B (taking no salary)
sell 135 product A and make $405 and buy 405 product A (taking no salary)
sell 135 product B and make $405 and buy 405 product B (taking no salary)
repeat growth phase until you have enough cycling of buy and sells to decide how many you products want to buy vs take a salary

once you can afford an income for salary(basic living standard) then go further. diversifying your product line and expanding your reach to consumers

once you have a range of products worthy of showing off on a store shelf only then lease a store. (but these days easier and cheaper to stick with websites)
retail stores are only useful if your product would sell better if seen/touched in person or there is a demand for collection to avoid delivery cost/delays

I wouldn't go as far as saying that OP is troubling the forum with their post. I honestly just see it as OP asking for insights from the opinions, knowledge, and experiences of the members here. There are a lot of post like this so I'm not sure why you have stated that. Nevertheless, I'm glad you at least still shared your own insight on the topic. Moreover, I agree with you regarding employment being the top source for income that can be used as capital.

Initial financing is the focus of all companies, and without these ideas for projects they are just ideas. Therefore, you always find that the company is a partnership between a person who has knowledge of marketing and a person who has ideas that will turn them into useful things to obtain the necessary financing. Creating a financier is not difficult if your ideas have an initial structure or a base. Otherwise your idea will not see the light.

Simply look for a partner who has knowledge of marketing and promotion. Invest a small amount as an initial investment and then you will have a first model and from there you will find the financier if your idea is good.

In every industry, there are venture capitalist, there work is to help finance small idea and business set up but you need to be proactive with your business Idea before they can invest into your business and they are not attach to emotion, they are also business entreprenuer angel investors that are looking for what your business idea will bring to their own table, its there in every business, even in the crypto, we have the likes of them like Binance Labs, Paradigm and many more of them that invest in most of the coins that are been listed before the public get touch of it.

You need to look into what you have as a business idea and then package it for the right people to support you but note that their support doesn't come for free, as propose your ideas to them, they critize, reject or accept and give you their own offer of the deal, if you like it, fine and the deal get signed and done or you negotiate and if they don't, you can make them understand or walk away, it is as simple as that because some of them are very wicked, if they notice that you got good idea, they will want to support you still but will come with a prize, either high cut or may even want to buy the business to enrich their cycle.

I made similar comments a day ago about the basics we need to solve, attend to that makes us identify the true business idea; so i will share it in quotes.

Capital is one that cannot be forgotten to start doing business, even if it is a small business. Yes indeed, one of them to be able to get capital, one of them we have to work first with a decent salary of course. But working alone does not necessarily solve the capital problem, but we also have to be good at managing the money we make from work well, and start to collect it which we will then use as capital.
Unless we are born rich, maybe it will be easier, especially if our wishes are supported by our parents. But not everyone is born lucky like that, and that is the point of our conversation.

The surest way to get capital to establish a business is through personal savings. Another means is through the sale of personal belongings. Securing financing from banks or other credit firms is not guaranteed and the process can also be very complex.
All businesses have risk which is why it is better to start small and gradually grow the business. Also the greater the risk the higher the chances of making more profit.
My business idea is relative to my environment.  We have been experiencing shortages in waste disposal services. Starting up a firm that will engage is waste collection and disposal will not be a bad idea.

There are ways to find capital for investment, the most common is saving, looking for extra source of income so that we can easily save money for investment.  Another one is taking a loan.


If you are talking about passive income, you can invest in things that give a percentage of profit over time.  But I think it contradicts when we talk about founding a business since business requires active participation.  Unless you are able to franchise your business, then the passive income would be hard to realize.

A small business idea,

online selling
neighborhood sundry store
meat shop
cafeteria
street food or food cart

I don't think it's a problem that you need to trouble the whole forum with. investing and finding ways to invest is what we do best, how to get there should be something of your own volition and something that doesn't need to be asked to the peeps here. In any case since it's already here anyway and I really want to help you get that capital for your business or whatever.

if you're looking to find the capital for your business, employment is the key. You can't start a business through another business without getting the proper capital for both first. And the only surefire way you could ever hope to achieve this is nothing else but through finding a proper job. Once that's settled, always allot a portion of your salary towards your savings before expenses and leisure, slowly but surely and depending on how much you get paid, you'd be able to earn the capital you need to start your business eventually.

Very interesting to discuss here, when talking about business in this real sector depends on the situation and conditions of your environment, for example in my environment today the average person in my area has a busy work time from Monday to Saturday they are full work every day every day And do not have time to clean the house and clothes for one week they use.

The business idea is that you open a laundry as an alternative place for people to wash their clothes, I do not need to use a large cost in starting this business.

Logic that can be applied to read low risk opportunities and promising benefits, not large but sustainable is (see the habit of problems in your environment that has long-term solutions). Included in the digital world, the basis of logic is to understand the points I mentioned above.

Speaking of small capital, I cannot clearly describe this because it is relative and subjective, everyone has a different condition from his finances.

The way to find capital for investment is not much different from the way every person continues to look for money for their life every day. This means that if what you are asking is about capital for investment, that means it is about money that will be used as the main capital or basic capital to start investing. And I think you yourself already know how because it is related to how everyone earns money for their lives and for the needs they need.

If you want to know about small businesses from the experience of one person or several people, I think you need to try a small cafe business on an urban roadside with more than two kiosks. Because I see that these small cafes sometimes have a better turnover than big cafes, although in general it is not comparable. But if their turnover numbers are not much different when seen in numbers, that means a small cafe is not bad to be used as a small business for everyone.

What I know is that banks always ask for collateral even if it's a personal loan, for example if we apply for a loan to the bank but will research ourselves whether we have income or assets, if we don't have anything mentioned above then the bank will not give a loan.

That's what I know: maybe some banks in other countries are different they can approve loans without collateral but on the other hand banks will not give loans just like that.
There are some private loan companies but they have higher interest rates than banks, but I have never tried them only heard from some people.

Passive income is a myth. No business guarantees a truly passive income. Some effort is still necessary to run any type of business like for example many people think that renting out an apartment or a house is passive income. I'll have to disappoint you - that's not true.