Small Scale Business Ideas

[lixer]

On this board I often see a lot of discussions related to investment and finance which tend to be large scale. However, to start investing we need capital. How do you find capital for investment?

Let's talk about small scale businesses that have low risks and promising profits so that we can have capital to invest and become passive income in the future.

Do you have a small business idea? or business experience? I want to hear it

First of all, you need to understand that in any business, profit is directly proportional to the amount of risk involved, so you can't expect to start a smart scale business that has low risk but a very high profit proportion which is basically not how businesses work. The scale of your business determines the profit percentage and we all know that the bigger the scale is, the bigger the risk will be since your capital will be increasing as you increase the scale.

So, we should leave the low-risk, high-profit thing aside and think of businesses that can be started with a small capital and can provide some profit based on how much you are investing. One such idea can be to buy and fix a vending machine somewhere within your city where you know it will be used and there won't be any problems like it won't be stolen or broken or something.

[Asuspawer09]

On this board I often see a lot of discussions related to investment and finance which tend to be large scale. However, to start investing we need capital. How do you find capital for investment?

Let's talk about small scale businesses that have low risks and promising profits so that we can have capital to invest and become passive income in the future.

Do you have a small business idea? or business experience? I want to hear it

I mean that was easy just save money for the capital on your business, if you have a full-time job just save a little amount until you think you already have a good amount of capital to start your business, Christmas bonus can also be a capital, I know a friend that use his bonus to start his business, and I think that was really great since most of the employee when they get there bonus the first thing they do is spend it to something that they really wanted not invest it to something like a business.

The first business that came to my mind is having an online business since it has low risk compared to something like building a store, but personally, I would go to something like a passive income as a safer approach, probably investing in an apartment or a condo something like that, having a good passive income monthly I guess is already a great investment, but having a business is obviously where your money can multiple. So online business is probably something like a clothing brand since you could just probably start to print a few copies and then sell it to your friends and family as well as online, with just enough skills you could easily promote it online, then wait for all of your supply to be sold until you go for another batch I think that way you could minimize your business avoiding lose since you could easily stop printing t-shirts if you think it wasn't a good month something like that.

[taufik123]

I mean that was easy just save money for the capital on your business, if you have a full-time job just save a little amount until you think you already have a good amount of capital to start your business, Christmas bonus can also be a capital, I know a friend that use his bonus to start his business, and I think that was really great since most of the employee when they get there bonus the first thing they do is spend it to something that they really wanted not invest it to something like a business.
-snip-

It's more about how one does a good job of managing their finances, saving their Christmas bonus, and a few other bonuses to use to build their own business.
It might also be diverting to some more profitable investments such as Bitcoin for the long term and buying a few grams of gold to accumulate the bonus to grow and generate more profit when the investment starts to rise.

As someone who wants to build a new business that can be profitable, must have the right strategy and good planning.
Without doing that, the business plan will not reach a good point.

Now many are turning to online businesses because they don't need a physical store and reduce costs for a place to sell and marketing will be easier.

[Dr.Bitcoin_Strange]

How do you find capital for investment?

Do you have a small business idea?

You can work for it, get a job, work for some months or years, and while working, keep saving up towards your planned goal. If you have a goal of starting a small-scale business that will not cost you much, then you will not just need to work for a short time and raise money to start your business; after you have gotten the money, just resign from the work and start your business. But if you know you can manage your business while still working, you can do so too. The second option is to get a loan from the bank; you just need to assemble your collateral. If you want to start a small-scale business, food items are usually highly recommended because people buy them every day.

[mamesso]

There are many small-scale business ideas that you can choose that have low risks and promising profits. You can try opening a motorbike/car washing service, opening a laundry service and opening a food/drink shop near where you live. This business idea does not require large capital, you only offer services to customers and can employ 2 to 3 employees or depending on needs.
This type of business has low risks and offers promising profits. You can also carry out other activities that you have been doing because this type of business can be controlled by the employees you entrust.

[Fuso.hp]

People grow from childhood, but absolutely no one can achieve success. The idol of all entrepreneurs is Elon Musk who was not so successful from the beginning, from a small business to working hard he is so successful today.
He said in an interview that he worked seven days a week and worked 17 hours a day. 
His statement like this clearly shows how hard he has worked to achieve success. If we can start our business from a small business and sustain that business and if we have hard work and mind power then we can slowly transform that business from that small business to a very big business.

In the transport business, a businessman does not start his business at first but on a very large scale, at first one or two transports he adds to his business and later achieves success and eventually transforms into the largest transport company of a country. 

We have to be patient and work hard only then we can reach our right goal.

[xSkylarx]

On this board I often see a lot of discussions related to investment and finance which tend to be large scale. However, to start investing we need capital. How do you find capital for investment?

Let's talk about small scale businesses that have low risks and promising profits so that we can have capital to invest and become passive income in the future.

Do you have a small business idea? or business experience? I want to hear it

This is very interesting and for people who don't have money to invest, they should try to do business with small capital to be able to get profits, even though they are small, but consistent and try to manage their investments wisely.
I have done this with a business selling street food, it is a business that only requires small capital and has quite a decent profit and of course the percentage of material losses is quite small because the raw materials are still used at a later date.

Your main capital in this is your effort because for sure youll be standing all night and non-stop cooking. This is a really great idea because you can start small and just be consistent and have good food so that your customers will come back to you occasionally. This is also feasible for those in crowded areas like near schools or in areas that sell less of this kind of food.

Small businesses will be big in the long run if they are successful. We just need to have consistency in building them and through hardships for sure your business will go big and that will also change your life.

[dothebeats]

People grow from childhood, but absolutely no one can achieve success. The idol of all entrepreneurs is Elon Musk who was not so successful from the beginning, from a small business to working hard he is so successful today.
He said in an interview that he worked seven days a week and worked 17 hours a day. 
His statement like this clearly shows how hard he has worked to achieve success. If we can start our business from a small business and sustain that business and if we have hard work and mind power then we can slowly transform that business from that small business to a very big business.

In the transport business, a businessman does not start his business at first but on a very large scale, at first one or two transports he adds to his business and later achieves success and eventually transforms into the largest transport company of a country. 

We have to be patient and work hard only then we can reach our right goal.

This is true. It takes patience and hardwork for a business to reach its peek. While there are some who are fortunate enough to start with an already large and successful business, majority of us starts small and there's certainly nothing wrong with that and should not be a reason to give up, instead we should use it as a driving inspiration to grow.

[CarnagexD]

There are many small-scale business ideas that you can choose that have low risks and promising profits. You can try opening a motorbike/car washing service, opening a laundry service and opening a food/drink shop near where you live. This business idea does not require large capital, you only offer services to customers and can employ 2 to 3 employees or depending on needs.
This type of business has low risks and offers promising profits. You can also carry out other activities that you have been doing because this type of business can be controlled by the employees you entrust.

Services really is more preferable to start a business rather than goods. Especially if you don't have much  capital yet, you don't have to invest heavily in inventory or manufacturing. If you start with a service business, you can add goods someday. Also, if you have specialized skills or expertise in a particular area like web design or photography, a service business is a good choice.  You can adjust your services based on market demand and client preferences anytime and once you have the right capital, you can expand your business. I think that is a good start.

[bestcoins1]

This is very interesting and for people who don't have money to invest, they should try to do business with small capital to be able to get profits, even though they are small, but consistent and try to manage their investments wisely.

It's good if someone can be able and consistent in running a business that is not large in size and can be patient with the small income that he will collect to make more so he can run a better investment. But if he is not consistent enough in persisting and being patient with his small efforts, he will not get anything from his efforts. Because I very often see people running small businesses in my area and most of them also end up giving up after being unable to be patient with the pressure they are experiencing.

I have done this with a business selling street food, it is a business that only requires small capital and has quite a decent profit and of course the percentage of material losses is quite small because the raw materials are still used at a later date.

Such small businesses are usually more geared towards drinks and snacks on the side of the road or street vendors and I think such businesses are also a very good option to try for people who are thinking about running a business with small capital. However, a business like that must be located in a fairly strategic location so that sales can be higher and usually a more suitable place for a business like that is an urban area or around the city. Because business owners also have to look at the level of visitors there at a certain time, whether a few or a lot.

[tjtonmoy]

How do you find capital for investment?

It depends. If you are a student then you can rely on your family to provide you with some assets or you can find a part-time job from which you can earn a good amount. Or you can do some side hustle on the internet to make some on your own. It's all about taking small steps first. Then moving towards the big one.

Do you have a small business idea? or business experience? I want to hear it

I do have some experience. Let me share it with you. First thing first. Every investment has risks. So never think that you will make profits on your first try. And always go for small profit but maximum sales.

The more you sell the more profit you make. So have a long-term plan rather than trying to make quick money. I will suggest food items. Specifically dry food items. Food is an essential item for all of us. we will need it at any time no matter what in order to survive. And sales will increase based on demand. Food is the only thing that never runs out of demand.
For example, the main food where I live is rice. So now I am selling rice. I buy in stock and sell as a retailer.
I also have a pond in which I farm fish. That is my side business.
So the idea is to search for what is highly needed in your area and make a good supply of that food product. Also, search for other ideas to expand it further. But as I said, start small, then step by step move forward. The key to success is minimum profit, and maximum sales.

[Texac]

There are many small-scale business ideas that you can choose that have low risks and promising profits. You can try opening a motorbike/car washing service, opening a laundry service and opening a food/drink shop near where you live. This business idea does not require large capital, you only offer services to customers and can employ 2 to 3 employees or depending on needs.
This type of business has low risks and offers promising profits. You can also carry out other activities that you have been doing because this type of business can be controlled by the employees you entrust.

Services really is more preferable to start a business rather than goods. Especially if you don't have much  capital yet, you don't have to invest heavily in inventory or manufacturing. If you start with a service business, you can add goods someday. Also, if you have specialized skills or expertise in a particular area like web design or photography, a service business is a good choice.  You can adjust your services based on market demand and client preferences anytime and once you have the right capital, you can expand your business. I think that is a good start.

These are not very new business ideas, although these business models do not require too much capital, being successful with them is not easy.  with these long-standing business models, we will also encounter fierce competition from other stores.  so, whether the business is small, medium or large, it all depends on the area you live in and people's need for it.  you can't open a car wash if there are already too many people in your area doing that service.

Small business ideas are not as simple as many people think, everything has competition and demand, so it is necessary to evaluate depending on the area to come up with a suitable idea.

[molsewid]

These are not very new business ideas, although these business models do not require too much capital, being successful with them is not easy.  with these long-standing business models, we will also encounter fierce competition from other stores.  so, whether the business is small, medium or large, it all depends on the area you live in and people's need for it.  you can't open a car wash if there are already too many people in your area doing that service.

Small business ideas are not as simple as many people think, everything has competition and demand, so it is necessary to evaluate depending on the area to come up with a suitable idea.

But offering services could be a great idea and best idea to do with low capital if you want to fuel your business , offering services is quiet good you don't need to release or spend money you just need to be consistent and do your job properly to earn money and by that time you can get a savings and you can start  creating business, along the way offering your services you can get ideas on how to possible work for your plans.

[topbitcoin]

I have several interesting ideas for starting a small business, be it in food processing, animal husbandry or handicrafts. However, when I wanted to realize this, I was a little pessimistic that the resulting product could be sold and accepted by the market. Because sometimes in business it's not about what we like and what we want, but it goes back to the market, namely about what they need and what they want. And currently the area where I live is experiencing an increase in the price of chemical fertilizers, while the need for these fertilizers continues to increase. where apart from the price being quite expensive, the availability of this fertilizer is also very limited.
and based on this opportunity, I created a product, namely environmentally friendly organic fertilizer, and in fact this product is quite popular with the market as a temporary replacement for the limitations of chemical fertilizers. Yes... although, I only play at the local market. However, the profits are sufficient to meet my needs and savings.

[barisbilgili]

These are not very new business ideas, although these business models do not require too much capital, being successful with them is not easy.  with these long-standing business models, we will also encounter fierce competition from other stores.  so, whether the business is small, medium or large, it all depends on the area you live in and people's need for it.  you can't open a car wash if there are already too many people in your area doing that service.

Small business ideas are not as simple as many people think, everything has competition and demand, so it is necessary to evaluate depending on the area to come up with a suitable idea.

To build a business in the service sector does not require a large amount of capital, but we need to have skills that we have really mastered well so that our potential customers are interested in what we do and have satisfactory results with what we do. I really agree with you, before choosing to start a business in the service sector, we need to know the location we will choose for the business we will build, whether the type of service we will offer is needed in that environment or not and there are many other things that also need to be taken into consideration.

[KingsDen]

You actually asked a dual question in one thread, I'll however try to answer you by quoting each clause I want to reply .

However, to start investing we need capital. How do you find capital for investment?

• We raise capital for small scale business by saving up little by little
• We raise capital by borrowing from friends and family
• You can also raise capital by borrowing from the bank
• You may consider partnership with someone who has the capital

Do you have a small business idea? or business experience? I want to hear it

Small scale business ideas is not a universal standard. It is highly subjective. What works in your country and neighbourhood might not work in mine.

[wxa7115]

On this board I often see a lot of discussions related to investment and finance which tend to be large scale. However, to start investing we need capital. How do you find capital for investment?

Let's talk about small scale businesses that have low risks and promising profits so that we can have capital to invest and become passive income in the future.

Do you have a small business idea? or business experience? I want to hear it

When it comes to small business ideas you need to start with something you already know and that have almost no starting up costs, so repairing computers, plumbing, selling homemade food and other similar activities are an easy way to get an extra cash.

Now it is unlikely you will make a fortune out of them, but if you treat those activities as a way to get some side income then you could increase your savings and then use that money to finally invest in bitcoin.

[mamesso]

~Snip~

This is true. It takes patience and hardwork for a business to reach its peek. While there are some who are fortunate enough to start with an already large and successful business, majority of us starts small and there's certainly nothing wrong with that and should not be a reason to give up, instead we should use it as a driving inspiration to grow.

Of course, patience is needed when starting a business. As my neighbor once experienced when he first opened a small-scale fresh juice business located on the side of the road, he complained to me because his business was quiet. Then he could start to be enthusiastic again after I directed him to several examples of successful people who managed to survive difficulties. The point is that you need patience to achieve success.

Now he has started to open several branches in other places which are managed by his employees. A profit sharing system is implemented so that employees feel cared for and can easily support the economy. When starting a business there is no guarantee that you will immediately make a profit, in most cases they have to go through difficult times first. Only business people who are able to be patient and persist in difficult conditions can reach the top, while those who give up are still walking in place.

[Texac]

These are not very new business ideas, although these business models do not require too much capital, being successful with them is not easy.  with these long-standing business models, we will also encounter fierce competition from other stores.  so, whether the business is small, medium or large, it all depends on the area you live in and people's need for it.  you can't open a car wash if there are already too many people in your area doing that service.

Small business ideas are not as simple as many people think, everything has competition and demand, so it is necessary to evaluate depending on the area to come up with a suitable idea.

To build a business in the service sector does not require a large amount of capital, but we need to have skills that we have really mastered well so that our potential customers are interested in what we do and have satisfactory results with what we do. I really agree with you, before choosing to start a business in the service sector, we need to know the location we will choose for the business we will build, whether the type of service we will offer is needed in that environment or not and there are many other things that also need to be taken into consideration.

As I said, I am not discussing the issue of more or less capital, but the issue is that we need to provide exactly what consumers there need.  we can't provide services that they don't need or it has become too much in that area.  That just makes our business more difficult. 

Business is not an easy field as many people imagine. Opening a business is not difficult, but making a profit and maintaining it is a problem.  don't rush to talk about expanding your business, it takes many years, not 1 or 2 years to do.  I opened a hair salon, a sidewalk restaurant, a frozen food business...it's not simple at all.

[Dobabe]

There are a lot of business idea to start for example:
Poultry farm: raising of birds commercially for the sale of meat and eggs eg chickens, turkeys, geese. It also helps in promoting agriculture. Chicken meat is very expensive and healthy, also everything concerning chicken can be use for income, in a poultry farm everything is beneficial even chicken manure can be use as a source of income cause manure can be of good use for farmers. Lastly the investment to start a chicken farm is low and the return on investment is fast.