This sentence is something you might heard again and again, from your friends, family, even colleagues. It’s true that having a generous credit line, a team of investors, or someone who can let you money can make starting a company easier, but not having money is no excuse, there are lot of ways of having your own new business with low investment.
When you start your business you are not ready to walk away from a steady paycheck. It’s true that you’ll have to work harder, but you can keep paying your bills as you grow your business. Once your business starts to generate revenue, you can start thinking about other things.
There are no limits on who can become a great entrepreneur. You don't necessarily need a college degree, a bunch of money in the bank or even business experience to start a new business at low investment that could become the next major success.
How can I start a New Business with Low Investment and High-Profit?
Lots of big brands started a new business with low investment.
- Apple, Disney, Google and Harley Davidson, all started in garages.
- Nike – Founders, Philip Knight and Bill Bowerman started selling training shoes from their car trunk.
- Dell – Michael Dell started out as a dishwasher, making a whopping $2.30 per hour. Dell started selling PC out of his college dorm.
If they could, why you don't?
There are no limits on who can become a great entrepreneur. You don't necessarily need a college degree, a bunch of money in the bank or even business experience to start a new business at low investment that could become the next major success. However, you do need a strong plan and the drive to see it through.
Check out this step-by-step guide to help turn your new business with low investment into a successful business:
1. Evaluate yourself. ¿Why do you want to start a business?
2. Think of a business idea. ¿Don't have one? You can see here some innovative ideas about good business to invest in
3. Do market research. Is anyone else already doing what you want to start doing?
4. Get feedback. Let people interact with your product or service and see what their take is on it.
5. Make it official. Get all of the legal aspects out of the way early.
6. Write your business plan.
7. Finance your business.
8. Start building your team.
9. Start getting some sales
¿Do you want an advise? With a franchising model you can have the most of this steps ready at the moment you decide to have a new business with low investment and high profit!
Which industries are most profitable to start?
Nowadays, in the Twenty-First Century, business is accelerating as a combination of changes in technology and society coming together. Some of these changes are global, others affect us on a personal level, but all of them will have a big impact on our businesses and the way we work. Many of the business future trends have been predicted for some time, so opening a high profit business it always depend on them. Here you have a list of the most profitable industries to start your business:
Micromobility is exactly what it sounds like: vehicles used for personal transportation. They're often the electric version of bikes, scooters, or skateboards. To start a micromobility small business, you'll need thorough knowledge of the technology that powers e-vehicles.
Healthcare is already becoming a diversified industry, with small business offering personalized services, something large-scale hospitals aren't always equipped do. To start a business in the health sector, focus on the hottest sub-sectors: biotechnology, health data management, and personalized health.
3. Personal Training
Being a personal trainer means branding yourself as a business and gaining the right clients to spread the word. It's very easy to start out small — you can make a website and begin right away. This is about as small as small businesses get — your business can be profitable, even if it has just one employee.
4. Consumer Retail
Consumer retail, which includes both online and physical shopping, is constantly growing. Brick-and-mortar stores still make up 90% of retail revenue. But starting a consumer retail small business doesn't mean you'll make a profit right away.
5. Virtual Reality
Virtual reality computing (VR) is a huge leap forward in immersing the user in a realistic sensory experience. Hardware and software vendors are working furiously to bring new VR products to the marketplace and the industry is growing at a parabolic rate - according to statista by 2020 the worldwide size of the VR market will be in excess of $40 billion.
Here are the top 10 hot new business Ideas with low investment:
|10 Business Ideas with low investment:|
|7. Cruise Planners|
|8. Chem - Dry|
|9. Real Property Management|
|10. The UPS store|
1. Mr Jeff
Mr Jeff is a technological company with worldwide presence that solves people's day to day problems such as doing laundry or ironing. It implements constant progress and improvement in all of its processes due to its commitment to continuously innovate. Right now it is one of the companies with most success in the laundry sector, it has franchise in the majority of the Asian countries, that's because of having a new and innovative business model.
2. HuHot Mongolian Grill
At HuHot, guests create their own stir fry by choosing from a selection of meats, seafood, noodles, vegetables and sauces, then handing them over to a "grill warrior" to cook in front of them.
3. Anytime Fitness
The franchise system consists of fitness centers offering convenient access and one on one, small and large group training. The franchisor has developed an access and security system that allows members of an Anytime Fitness center to have access to any Anytime Fitness center 24 hours a day, automated tanning and vending services, and reciprocal benefits between centers.
Dogtopia opened in 2002 and has been franchising since 2005 and is the United States' fastest growing pet franchise. It's currently ranked #205 on Entrepreneur Magazine's Franchise 500 list and has made the list every year since 2014, except in 2016.
If you are a fitness junkie and a mom, you will love this profitable, but low cost franchise. The concept is that fitness instructors conduct fitness classes for mothers and their babies. The stroller classes are especially popular.
Franchisees will operate a commercial janitorial cleaning business utilizing the franchisor’s health-based cleaning system program. The franchisor offers and sells three types of franchises in the commercial janitorial cleaning industry.
7. Cruise Planners
Cruise Planners, an American Express Travel Services Representative, is a home-based travel agent network. Cruise Planners travel agents work from home selling full-service travel packages, including cruises, land-based vacations, travel insurance, car rentals and more.
8. Chem - Dry
Chem-Dry was founded in 1977 with the goal of cleaning carpets and keeping them clean, and since then, they’ve had a consistent track record of supporting their franchisees to build thriving businesses.
|Initial Investment||From 27.000$||$78,012||$ 75.000||
|Marketing Fee||Doesn't exist||Variable||Included in the initial investment||$500||3.6 times one month’s Gross Dollar Volume||1-3%||$5,000||1-2%||$660 or $1,075||$35,000|
|Internationalization||2000 stores||4.000 stores||More than 75||More than 2.600||8.165 stores||3.061 stores||3.555 stores||More than 300||5,075||1780 stores|
9. Real Property Management
The company, which began franchising in 2004, offers residential and commercial property management services including marketing, leasing, maintenance, collections, evictions, accounting, inspections and legal compliance.
10. The UPS store
The UPS Store Centers are retail service businesses which offer mail and parcel receiving, packaging and shipping services through various carriers and provide a wide range of other authorized products and services, including notary, printing, copying, office supplies and communications (such as fax) services.