Topic: Small Scale Business Ideas - page 6. (Read 2023 times)

I agree with you. There are businesses that are easy to start when you have a smart phone and internet. Online business is good especially for startups then after some time you can get an office or a shop so that those you cant reach out to online can patronize you willingly. Doing online business also requires a lot of natural skills. Skills, like advertising, marketing, strategic planning, customer relation and delivery habit. These skills has to work in hand to hand with the type of business a person wants to do. They are helpful to manage a business to grow. But if you dont have much of these skill you could start and when you start getting little profit and see that you can hire an employee that will fit in some positions then it is cool so that the business can move effectively.

Nowadays, starting a small business doesn't even require as much capital as before. In the past, when we wanted to open a business, we would think about the location and we would think about renting the place or kiosk that we would use. But nowadays to start a business you don't need that. Because we can take advantage of sales through online shop platforms which are even free. We can open an online shop and promote our business at a lower cost.

And now we can also sell any products around us that are not available elsewhere or are rarely available elsewhere. Yes, herbal products are currently selling very well in online shops. And in my area there are many herbal plants that grow wild and are even ignored by the people here. but when I checked the price on the internet, it turned out to be quite expensive and there were quite a lot of people interested. And I encounter things like this a lot. But unfortunately I'm still busy with my work and haven't been able to start an independent business. I already have plans but I'm still focused on working at the moment.

Yes, building or starting a business is definitely full of challenges in running it, besides that, the risk of failure will definitely come, and when you start you won't always be successful at the start. Yes, it's true that we have to have a strategy to compete in the field. It's not just capital, thoughts and energy are also involved in it or people's consumption targets must also be in mind. Creative ideas are also very important, so that they are different from other competitors.

In this world, nothing is easy to achieve success, everything requires struggle and hard work, fight until you can reach the finish line, because successful people will not know the word give up. Because results will never betray a process.

And the level of risk also depends on the size of the business they are building. But alone will not care too much about the size of the business that is running because of course the key to the initial success of the business itself is in terms of management, even though your business is small and maybe you will not be too upset if a small risk occurs but I say it is a bad start from the management you apply, how can you build a business with a large scale if only running a small business you or they can not.

Sufficient capital, initial planning, target market, structured records, good management and also a mature understanding or knowledge will be the key to the success of the business, it's useless even though you may have some of the above but you don't have good management then everything will fall apart. Agree and if for example your business looks increasingly quiet because of some unsupportive factors such as lack of interest from consumers then you can use some strategies that you have considered from all sides, for example as you said, holding promotions or discount vouchers that will be very helpful to restore or increase the number of your customers, and yes it is true that a form of marketing that looks unique will also be very able to attract the curiosity of the audience and indirectly it will distinguish you from other competitors.

The risks is really just that the same, it would really just only differ on the intensity of the amount that you would really be losing. If you have put up big capital then losing amount would be that big too
but with small one then it would really be that small but seeing on the bigger picture then it is really just that the same.It is really just that each person does have that different level of capacity
when it comes to finances or something that do talks about capital. Some could start up some big and some could just start small but it is really just that the same when it comes to risk taking
and factors that could affect your business outcome.

I agree with those points above that you should really be that making yourself that knowledgeable when it comes to make some business because we are talking some money on here
and putting up capital. You cant really just that make yourself that easily be confident about being successful considering that not all business do really end up
on greens and there still lots who had ended up on bankrupt.

Business whether its big or small, it will always have its own risk. To minimize risks in every business, you have to know what you're doing, a business plan is a must. You must know where to start your business, your target customer, your budget, and what kind of business is fitted in your area.

Also, you have to make a very unique marketing strategy or an advertisement to make it famous in no time, so the audience will be curious about your business and your customers in no time.

From personal experience, the most difficult thing a person can face while trying to establish a business is to receive support in the form of help or assistance, which most often comes from family members or someone close to them.  The problem with this type of support is that it will remain in the form of a moral debt that cannot be repaid or fulfilled financially.  I remember once how my father helped me then forced me to partnered with my brother who failed the project in a very short period.

Supporting family members to setup a businesses isn't a traditional approach to setting up business as the business owners tend to approach the business with a lackadaisical standpoint. So, it's ideal if you make it look like a loan even if you wouldn't ask for the reimbursement.

I don’t think a trade done with a client over the internet is hard to conduct successfully. On the contrary, the internet has made it so much easier to find prospective customers from all over the earth for our business. But like any other service with good intentions, it’s open to abuse. Hence the constant need to make proper research about all parties involved before doing a trade with someone over the net.

Competition is always there as there are other businesses offering the same type of goods or/service. While you do need a lot of money for marketing and advertisement purposes, goodwill would speak more for your business than any marketing and advertising campaign.

There are alot of businesses out there but a business that works for Man A may not work for Man B. This is because there are a lot of factors to be considered before going into a business.

I agree with the person you spoke with on financing startups businesses. Most of the business start from either getting support from families who give soft loan or unrefundable loans to their family members to start up business and try and become independent from them. They sometimes give it out as loan on the face level so that there will be the zeal to grow the business but afterwards the giver may not request even the capital. It is usually gesture to support a family member and many families have supported their siblings to grow in business.

I agree with you, according to the content of the topic being discussed, a small scale business means the capital is very limited. Trading via the internet is clearly very difficult to achieve with small capital, especially since there are so many other traders who offer discounts when starting trading in order to get sympathy from buyers.
The goods sold must also meet the criteria desired by the buyer. When the goods ordered do not match the buyer's tastes, the goods will be returned especially if the buyer uses the payment method after the goods reach the buyer.

It is true that managing a business that is already running is easier than looking for capital and starting a business. I agree with you that taking a loan to start a business is not a good choice because we cannot yet guarantee that the business we are going to build will run well, so it would be better not to use a loan to build a business.
Collecting capital for a business that we will build is better than taking out a loan because we can prepare a business idea that we will build and if we already have capital then we can run the business well.

This is a big question to everyone. Finding capital to start investment is even more difficult than managing investment itself. Some people consider taking loan to start up business or investment but I don't see that as an option to acquire capital for investment because of risk involved. Investment and business's success is not guaranteed and you will be in debt if it fails.

I believe that no matter how small it may be, everyone has a regular income in one way or another. The best way is to save up money from that your regular income. If you're just starting out, it might be better to focus on building up your savings before you start investing.


This depends on individual preference and location. We have many profitable businesses with low risk both online and offline but they require patience to build. The small scale business idea I have might not work for you or you may not like it. It's chicken rearing and yes it is profitable if you can manage it very well but you know there's no business that is risk free. The chickens may die due to poor management or disease breakout but if you managed to overcome the hurdles you'll definitely realize reasonable profit.

Of course, all the trading we do also requires knowledge, both in real terms and via the Internet, and if we continue to follow the flow, competition will be quite tight.
However, I think capital is not an obstacle for everything, indeed if there is large capital it will make it easier for us to do business, but that is not a guarantee.

I think to do business on a small scale we don't always have to think about capital, there are many things we can do to be able to run a business and even with small profits.

Nowadays, you can build your own business from scratch, especially with the help of the internet, as we can observe from the examples you have mentioned are mostly involved online. Not only do you need skills but also knowledge cause you might have the skills for business but if you don't have any idea about the information such as planning, for sure it would be a waste. If you don't have the skill and knowledge yet, you could search for what you prefer like baking donuts, building or fixing a personal computer, etc.

But many people are also doing this kind of thing, so before you start you would really need to plan things out, like who is your target customer. What is your target location? if you are teaching and it's online like overseas students cause certain places are understaffed with teachers. It's alright if you have similar interests with anyone cause competition is also part of the business industry.

So I spoke with a business owner in Portugal concerning this particular topic and he told me that most times you need to raise seed from your close family and friends and start the business and allow the business to gain traction before the VCs can come in and talk about it or invest in it. If this is the major way or raising capital and funding then it means that loads of business ideas didn't see the light of the day.

This post is timely as it gives those businesses the platform to share it and see if they can get associates from in here.

Trade via the Internet is very easy to reach but hard to accomplish  I mean I see dozens of people ending up losing so trade also needs good knowledge before doing any kind of trading.

If you sell a product nowadays also hard because the competition is very tight and yeah you need a ton of money to do marketing and advertisements. I heard something on the internet about dropshipping but I dont know if that gonna worth it

Everything could really be done as long you are really that aware on how it do works and on how things should really be needing to deal with.If you are that someone who do just make yourself that too in a rush on making decisions just because you do know that business could possibly make you rich then you are really just simply putting up yourself into tough situations on which it is really the result on rushing up things
without thinking up clearly.Yes, small scale business could really becomes that big if that it would really be handled well but if not then failures or not being successful would really be next in line.There's so much ideas that we could really be able to take specially on running a business and as long you do have the capital then you do have all the choice.

Tons of ideas but making it grow and be successful would be the toughest challenge of all because you are risking your money on here or capital on which means that we are talking money on here
on which it would really be just that right that you would really be that careful on taking up actions and decisions which you would seem that it would really be that beneficial on your
part because if not then you are just basically wasting your time.

And rest assured not everyone talks from what they've lived, there's no way to build a big investment if you don't have money. Unless you run a regular small investment pattern like some of the DCA patterns that people often talk about on this forum.

A small business that has good potential in the future will also enable someone to build the business to be more advanced. But do we know what kind of business has potential in the future because currently people are experiencing financial problems? Building a small business will not bring quick success because it requires a slow process to see the results and if there is no patience it will actually make us bored.

See what potential is good for a small business idea that can make money quickly and when we can examine this it will be easy for us to run it. Even though the income is not large, if it is stable it will be much better because there will always be a circulation of money.