As a business mentor with over 10 years experience assisting people to start their own business I thought I would put pen to paper and make a list of some of the small business ideas I have seen over the years, some I am sure you will have seen before and others may be more interesting and unusual. And by having a dedicated space and a tightly focused business you should be able to execute well. If an entrepreneur knows inter-city and inter-state bus routes really well and has almost INR 2 lakhs, then a bus service website can be regarded as a good business opportunity. This is apparently one of the booming business not just in Philippines but in other countries as well.
We also acknowledge that part of the process of coming up with ideas is being able to share your own thoughts. From general fitness coaching to becoming an instructor (think Zumba or Pilates)—if you’re more motivational than Chris Traeger from Parks and Rec, a personal training business might be a successful route for you. The ideal place to locate this type of business is market place or residential estates et al.
As long as you are qualified, have the experience, and know your way around a tool shed, starting a handyman business is fairly straightforward and requires little overhead. Success in business is defined by the goal you have going into it. If my goal is to have a couple thousand extra dollars per month, then that’s a success. Apart from a business license no other special licensing is required for any business to be started from home. Today I woke up with 6 start-up ideas, potentially 2 of them what I considered to be path-breaking and million dollar business ideas.
One of my friends with a background in manufacturing started a business removing waste from building sites and then he progressed into the demolition of industrial buildings. If a person has limited finances, this will affect the type of small business that they can start. Whether it be physical or digital, if you can create awesome calligraphy works, you can make business out of it!
These loans are designed with the needs of Fund needed especially to start new business people in mind. Just as the internet was a fast growing trend in the 80s, the green business is the next wave of trend that will create millionaires and billionaires. Additionally, this type of financing limits the entrepreneur’s upside potential since venture capitalists will often require majority ownership of the business. I believe that every business, even a lemonade stand, should have a business plan.