Topic: Small Scale Business Ideas - page 12. (Read 2008 times)

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.

There are some bank loans which it doesnt really requiring up some collateral just like with those personal loans which you could really be able to apply. The main thing on why i do really like on taking up some loans on banks is that they do really have that lesser interest which is compared into those lending companies around and to some people who do ran off some lending business on which interest is really just that too tight on the neck.
Just like me on which i did able to get some bank loans without collateral and i have been using it for making a small pharmacy with some mix of groceries which is really that a known business here in out country
on having those mini pharma and groceries which i did make out some studies too in basing up into its location. Its true that even though these things or business are just small but at least it is really that
helping us out on our day to day expenses on which it would really be making ourselves that be able to sustain or survive. Im that a big of being confident considering that income that this business of mine
could really be able to pay up on the amount that i need to pay on month to month basis.

I would guess saving some of the money aside from your salary IS the small scale, if you do that then you can grow it to larger amounts. Put some of the salary aside every month, and then after a few years you already have a good money saved aside, plus add in that bitcoin will increase in value as well which would result with you having a lot of money.

I know that plenty of people end up not having any type of situation that would be different, but it could also result with something that would be profitable for not just now, but for the future. Small scale business ideas are not that easy, because they do not require much capital, so they are tested by a lot of people who already made a name for themselves.

Of course, I save money from my paycheck every month, but at the moment I don't rely on banks for capital because I need collateral.

I think someone has a way with the small business he started, I myself opened a small shop on the side of the road is quite promising in the long run even though the income is not large but I can survive until now because there are several ways how to keep going in the business he runs.

Even we ourselves can start on the internet by selling online / shop I think it's a promising business that has seen some people succeed in it.

The bank is the best option for a loan, and if you don't want to take a loan, then sell your assets.

The bigger the investment, the higher the risk. If you want to start a small business, then I would say to be aggressive and take a lot of risk. If you go broke for this, then do it early so that you can rebuild.

If I have a small business idea, why should I share it with you? I would do that myself.