Today alone there are tens of thousands of people considering starting a business. This could be a business that could be home based, a business for simply increasing your income, or a business to become the boss. Lots of people are working jobs or even careers that feel like its a dead end and now is the time to consider other options. Doesn’t necessarily mean that you don’t like your job or career move, but it is possible that it was not what you thought it would be, and for good reasons. On average, people can expect to have two and three careers during their work life. Those leaving one career often think about their second or third career move being their last. They also start to think about retirement, ease of access, and legacy. People who have been part of the traditional nine-to-five work force and are on the verge of retiring from that life are thinking of what to do next. Starting a business is within anyone’s reach and if you ever just wanted to be your own boss but dont know where to start, here are some low cost ideas that maybe could help.

$1,500 or less to start up

1. ACCOUNTANT

Pros: Low Cost to start
Cons: Training or licensing may be needed

With the influx of people looking to create for themselves they need accounting. It could be as simple as creating a flier outlining your services. Maybe you are able to gain experience by helping out friends and family. Before you start, you need to know what those services are you can provide. Do you want to do bookkeeping which could be simple for a small business, or, are you considering something more scale-able like income statements, financial reports and balance sheets? The difference is it could be a small business to corporate level and the involvement becomes more significant as you rise. There is also a significant change in income. Other specializations can include tax accounting, a huge area of potential work. This could be seasonal but, even seasonal it could add to your overall annual income.

2. BICYCLE REPAIR

Pros: Low Cost to start
Cons: Do you know how to fix a bicycle?

In many parts of the country, this business tends to be seasonal, but you can find ways around that. If you happen to live in a very sunny state, or states that don’t have much snow/rain then you may be able to run it year round. A good way around the slow times would be to allow people to rent bicycle storage utilizing a garage or storage unit. Then provide a service that will give their bikes an after winter tune-up/repair. For those who take bicycling seriously, they will ensure you will have customers all year around.  Having early hours will ensure you can compete with local talent and have the time to take on several customers at once.

3. BOAT CLEANING

Pros: Low Cost
Cons: Training or licensing may be needed. 

Boats that are hauled out of the water for the winter or even just for mid-season repairs will need the hull cleaned. Depending on the type of boat, it is a good time to give a major cleaning everything else too–the decks, the sleeping quarters, the head, and the holds. Start by approaching homes that have a boat sitting in the yard. Boat owners also usually know other boat owners. You could market your services to the marina for contract. Build up a customer base and you can keep your customers on a schedule that works for them & you.

4. BUSINESS PLAN SERVICE


Pros: Low Cost, Expansion is possible.
Cons: Time Consuming

Offer a soup-to-nuts simple business plan. Include market research, the business plan narrative, and the financial statements. Plan your fee around the main idea on what the client will want and offer the others as add-on services. Either give clients an electronic file and/or you can keep the business plan on file and offer the service of tweaking it whenever necessary. This means as they expand, they will come to you for more services. Have business plan & samples to show clients–and make sure to include your own!

 

5. CHIMNEY SWEEP

Pros: Low Cost
Cons: May need to be centrally located

I bet most of you just asked yourself what in the world are we talking about, but think about it, doing those “to-do” things around the home that some people forget about could be lucrative and a easy sell. Learning to be a chimney sweep could mean nothing more than apprenticing with someone already in the business. By becoming a chimney expert, you can combine a chimney sweep business with a chimney inspection service. With the amount of people purchasing or owning homes this could also be a significant selling point! If you are able to do repairs also, that could be another up-sell.

To get notifications about articles like these don’t forget to sign up and follow us on social media.