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

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.

Following the crowd is obviously not a good way to start a business even if the crowd is doing well, it means that no matter how good you see a business is working that someone else is doing, you should get into that business only because it's giving good revenue to the other business owner but you should go for something that you feel you can do very well and you have the ability to manage that business with all your potential and your business will be unique and isn't a copy of another business that already exists because that wouldn't give you an edge.

One shouldn't do that, but even if someone starts a business someone around them is already doing it, they should make their business different than theirs, and offer something that the other business isn't providing to their customers so that they get more customers and your business starts flourishing.

[junder]

...

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.

People who want to achieve success will never know the word give up, I agree with this opinion. Achieving success is not as easy as turning the palm of your hand or it can just come without consistent effort. Failure in business is a normal thing and often happens, even people who have achieved success are not immune to failure. When failure approaches you, never give up and despair, you keep getting up and trying again because failure is not the end of everything.
 

Always remember that when you give up on something you are building then you are starting from zero again. building a business is not easy, it requires hard work, especially with the emergence of many competitors today, we must have a different strategy from other people to attract market interest, so, always prepare yourself mentally when you first start a business, also prepare knowledge about risk management and financial management so that you are not surprised by all the possibilities that will happen when you start running your business.

Therefore, preparation is the main thing that must always be prioritized, none other than it will be useful as your provision in carrying out your business process, if you start a business without any knowledge then I think it will only be a waste of time. Of course building a business is not as easy as turning your palm, it's not as easy as you think, although yes maybe you entered into this field because you saw some of your colleagues who had succeeded and made a big profit. That's great, but I hope that if you really want to follow them then you have to prepare a lot of things, you will never know what process or how difficult the process they have gone through to finally succeed. 

Times are very modern you can get anything in an easy way such as for example in terms of basic needs and other sophisticated tools that can facilitate your work or activities, I'm not saying that now is not the right time to start your business, but on the other hand I hope you look first on various sides because obviously business competition from other competitors is very tight, they are smart. So I hope you can consider it first before moving, the point is to prepare yourself, knowledge, strong mentality and good management are needed so that your business runs smoothly.

[poodle63]

Following the crowd is obviously not a good way to start a business even if the crowd is doing well, it means that no matter how good you see a business is working that someone else is doing, you should get into that business only because it's giving good revenue to the other business owner but you should go for something that you feel you can do very well and you have the ability to manage that business with all your potential and your business will be unique and isn't a copy of another business that already exists because that wouldn't give you an edge.

One shouldn't do that, but even if someone starts a business someone around them is already doing it, they should make their business different than theirs, and offer something that the other business isn't providing to their customers so that they get more customers and your business starts flourishing.

following the crowd is fine if you can see some untapped potential in the trend that you're about to follow, many AI based startups are just following the crowd but they could score funding of billions because they know there are many potential. if its just following some random crowd then of course the business will eventually fail at the end of the day.
but its all about innovation when it comes to business, and give the better product than the other at more cheaper price then you will come out victorious.
otherwise, you might rethink your decision if you just following around other people without making innovation, therefore thats why many business out there going out of business.
when it comes to small scale business, just trying out some ideas might also work wonders.

[Pi-network314159]

There are many small scale business to adventure into, but most of them are not as profitable as you think. For me I sudjest online business such as affiliate marketing, dollar abitrage, buy and resale. like buying product cheaper in  online platforms and resale in your own website.  technology is advancing if we don't follow the trend we will be left behind. All you just need is mobile phone data and capital to buy goods you can afford.

Then for offline you can start a barbecue, ice cream, bugger and popcorn. It's also a lucrative business expecialy when you attach yourself to a shopping complex or a hotel with a mutual understanding of the manager.

[Tony116]

Friends, Money and Business.
To start a business you need experience, then support a certain amount of money to start the business. My advice (according to personal experience) is not to do any business without having experience because this action is very risky.

If you do business in an area where you have no knowledge or experience, you are gambling, not doing business. I think no one is stupid and has enough money to do that.

Does someone have to have experience to start a business first?
how someone has experience if he never tried it, I don't understand where the context is, but the simple thought is like that.
What I mean by a suitable sentence is that when you don't have work experience in your business field you are very vulnerable to failure, therefore knowledge and work experience in a field are the main things for starting a business.

But strangely, a small number of people can gamble on businesses that they themselves do not have experience and knowledge of in a particular field but can be successful in that field, as long as they are willing to learn and work hard on what needs to be done in that field.

When you first graduate, what you should do is work for a company and you can gain experience from there, and that is how many people accumulate experience and capital before starting a separate business. If you come from a family with a lot of money, you can start right away without gaining experience through working for someone else. But that will be riskier, and you will have to use money in exchange for experience because very few people can succeed from their first start-up without any experience.

Depending on your choice, people who are arrogant will often skip the part of accumulating experience and rush right into starting a business without experience and the result is often failure.

Do you know why many wealthy families have their own companies but when their children graduate they don't let them work in their family company? Instead, they will force them to work at another company before returning to inherit the family business.

[DabsPoorVersion]

Following the crowd is obviously not a good way to start a business even if the crowd is doing well, it means that no matter how good you see a business is working that someone else is doing, you should get into that business only because it's giving good revenue to the other business owner but you should go for something that you feel you can do very well and you have the ability to manage that business with all your potential and your business will be unique and isn't a copy of another business that already exists because that wouldn't give you an edge.

One shouldn't do that, but even if someone starts a business someone around them is already doing it, they should make their business different than theirs, and offer something that the other business isn't providing to their customers so that they get more customers and your business starts flourishing.

following the crowd is fine if you can see some untapped potential in the trend that you're about to follow, many AI based startups are just following the crowd but they could score funding of billions because they know there are many potential. if its just following some random crowd then of course the business will eventually fail at the end of the day.
but its all about innovation when it comes to business, and give the better product than the other at more cheaper price then you will come out victorious.
otherwise, you might rethink your decision if you just following around other people without making innovation, therefore thats why many business out there going out of business.
when it comes to small scale business, just trying out some ideas might also work wonders.

Not really. Following the crowd will not make you "real" successful. The crowd decides the trend, they also decide what to discard. The untapped potential that you're talking to, is mostly ignored by the crowd as their focus is only on the trend.

The idea needed should be unique, reading the needs and the flow of the crowd is required when starting a business. Like for example, in your city, everyone opens a convenience store but you observe that the crowd needs a grocery store, so you open one. You gain the crowd as you provide their needs and give the solution for what they are looking for.

[fadhilz123]

There are many small scale business to adventure into, but most of them are not as profitable as you think. For me I sudjest online business such as affiliate marketing, dollar abitrage, buy and resale. like buying product cheaper in  online platforms and resale in your own website.  technology is advancing if we don't follow the trend we will be left behind. All you just need is mobile phone data and capital to buy goods you can afford.

Technology is indeed increasingly advanced and needs to be followed so that we are not left behind by others or our competitors in life. But for the suggestions you said, I think it's just about buying cheaper products on online platforms and reselling them in real terms which is better, whereas things like affiliate marketing and embezzling dollars are less suitable things to do. Even though you may have done it yourself to get the benefits of these two things and for small scale businesses I think it also depends on where you are because in my area there are many small scale businesses that are more profitable so they are still running to this day.

Then for offline you can start a barbecue, ice cream, bugger and popcorn. It's also a lucrative business expecialy when you attach yourself to a shopping complex or a hotel with a mutual understanding of the manager.

It is also a small scale business that is more profitable to be run by everyone in an urban environment as I mentioned above. Because in my area there are still many people who continue to open small-scale businesses on the side of the road to make small profits every day. This means that the profits from this small scale business really depend on the location because small businesses are not very suitable to be placed in rural environments or in remote areas far from urban areas.

[barisbilgili]

Not really. Following the crowd will not make you "real" successful. The crowd decides the trend, they also decide what to discard. The untapped potential that you're talking to, is mostly ignored by the crowd as their focus is only on the trend.

We cannot imitate the success that other people have achieved, because in going through every process of success we certainly face different challenges from other people and each person has their own way of solving the problems they face.

The idea needed should be unique, reading the needs and the flow of the crowd is required when starting a business. Like for example, in your city, everyone opens a convenience store but you observe that the crowd needs a grocery store, so you open one. You gain the crowd as you provide their needs and give the solution for what they are looking for.

You are right, in building a business we have to have an interesting idea to make people interested in the business we are creating so that the business we are running can develop well.

[Dewi Aries]

Following the crowd is obviously not a good way to start a business even if the crowd is doing well, it means that no matter how good you see a business is working that someone else is doing, you should get into that business only because it's giving good revenue to the other business owner but you should go for something that you feel you can do very well and you have the ability to manage that business with all your potential and your business will be unique and isn't a copy of another business that already exists because that wouldn't give you an edge.

One shouldn't do that, but even if someone starts a business someone around them is already doing it, they should make their business different than theirs, and offer something that the other business isn't providing to their customers so that they get more customers and your business starts flourishing.

following the crowd is fine if you can see some untapped potential in the trend that you're about to follow, many AI based startups are just following the crowd but they could score funding of billions because they know there are many potential. if its just following some random crowd then of course the business will eventually fail at the end of the day.
but its all about innovation when it comes to business, and give the better product than the other at more cheaper price then you will come out victorious.
otherwise, you might rethink your decision if you just following around other people without making innovation, therefore thats why many business out there going out of business.
when it comes to small scale business, just trying out some ideas might also work wonders.

Not really. Following the crowd will not make you "real" successful. The crowd decides the trend, they also decide what to discard. The untapped potential that you're talking to, is mostly ignored by the crowd as their focus is only on the trend.

The idea needed should be unique, reading the needs and the flow of the crowd is required when starting a business. Like for example, in your city, everyone opens a convenience store but you observe that the crowd needs a grocery store, so you open one. You gain the crowd as you provide their needs and give the solution for what they are looking for.

Yes that's right, by following other people's trends, I even think it will make a problem, because in my opinion if their income is limited, there is no obligation to follow the current trend of luxury in terms of vehicles, gadgets or appearance, but I admit that at this time people are trying to buy branded trend items with high price values. Unfortunately they don't think about the other side, instead of forcing it like that, it's better for them to open a business with a small capital that doesn't matter, as long as the business is productive and profitable.

It's true what you said, even though the business is small but if they are smart to market their products, it will definitely be profitable, with the unique way you said that is one of them.

[Casdinyard]

I say you leverage the current shape of the internet. If you're looking to create a small business with little to no capital the next best thing you could do is to gather a dedicated following around your brand. For apparels like shirts, jewelries, and whatnot, start with a story/culture that you want to portray with what you're trying to sell. As soon as you're able to discern what that story is, find the proper audience and I say you let them wear your story and all that stuff, make them an indirect advertiser of your small business, and once that happens, offer to take them to a photoshoot, upload your products over the internet and sell them to your dedicated following. Soon as you complete this, you'll have a self-sustaining small-scale business that you could upscale to a full-on enterprise given the time, effort, and funding.

[Xcode7]

I say you leverage the current shape of the internet. If you're looking to create a small business with little to no capital the next best thing you could do is to gather a dedicated following around your brand. For apparels like shirts, jewelries, and whatnot, start with a story/culture that you want to portray with what you're trying to sell. As soon as you're able to discern what that story is, find the proper audience and I say you let them wear your story and all that stuff, make them an indirect advertiser of your small business, and once that happens, offer to take them to a photoshoot, upload your products over the internet and sell them to your dedicated following. Soon as you complete this, you'll have a self-sustaining small-scale business that you could upscale to a full-on enterprise given the time, effort, and funding.

Nowadays internet access is quite easy to use as a promotional tool, especially on social media, but all of this also requires capital and time to process which is not easy. For small businesses, there is a lot we can do, especially if we do it consistently, there is a big possibility for much better development that we can do in the future.
And I agree that nowadays we have to be able to take advantage of the Internet or social media to develop our business to a wider reach, that is the promotional part that we should spend a lot of money on.

[armanda90]

I say you leverage the current shape of the internet. If you're looking to create a small business with little to no capital the next best thing you could do is to gather a dedicated following around your brand. For apparels like shirts, jewelries, and whatnot, start with a story/culture that you want to portray with what you're trying to sell. As soon as you're able to discern what that story is, find the proper audience and I say you let them wear your story and all that stuff, make them an indirect advertiser of your small business, and once that happens, offer to take them to a photoshoot, upload your products over the internet and sell them to your dedicated following. Soon as you complete this, you'll have a self-sustaining small-scale business that you could upscale to a full-on enterprise given the time, effort, and funding.

Small scale business ideas trough internet is very simple such as selling shirt or anything product trough pre order or PO, I think its very worth who have small fund due not required with much money and we have costumer capital trough Pre Order product. We can promote trough internet with our business any kinds of social media such as twitter, facebook until TikTok where have been more popular social media platform right now. Its easily get audience trough social media platform and we need to make good promotion or make interested the audience with our business want to build based on small scale business budget.

Advertiser is very important thing how to make our business success in the future, we have good manage with social media platform advertising and not required huge amount for starting business.

[Negotiation]

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

In this era of sophisticated technology, there are actually lots of opportunities to do business or earn money which we can then invest with this income. It just depends on our intention to start a business or not, business doesn't require a lot of capital, even with technology like now, you can also make money without capital. The point is, we have to have a strong intention first.

I myself started an online sales business and also make money from dropshipping. Actually, this business is to build my business mentality for investing, because my main goal is to have as many bitcoins as possible.

Online business is really good to sell products from home also if the business wants to scale quickly, the business needs to ensure its online presence. Studies have shown that online business grows rapidly this is why you can earn good income from online business IT related business as well as business bitcoin investment is good as small business will grow slowly and bitcoin will give good profit through long term investment. Small business will one day become big with bitcoin investment.

[Essential10]

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

Since business requires investment, it is necessary to have capital before starting any business. If the capital is $100k to $150k dollar then I am sharing one business idea with you from several business ideas.
Since the countries we live in there must be some river around us. We can collect domestic crabs from the river and keep them in ponds or small ponds for 5 to 6 months and export them to foreign countries.  Especially softshell crabs are in high demand. Information can be seen on various websites that these crabs are being exported to different countries at the rate of $15 to $18 per kg. The demand of which can be observed in large quantities in various countries including China, Japan, Thailand. This business can be considered as a very promising business as it has huge demand in different countries.

[doomloop]

You also need to consider the extent of the friendship. If there is mutual trust in your friendship, there is no problem asking a friend for a loan to start a business. I prefer to implement a 50:50 profit sharing system, friends who provide capital for the business, I manage it.

Do that only if you want to lose the friend, because relationships and friendships that don't usually break are broken when it comes to money, which is the reason why it's never a good idea to start a business having a friend as a partner unless the friend is extremely understanding and kind and you have the same nature as well which will make you both compromise on every little thing possible because there will be times in business when there will be problems and those that don't have much patience won't be able to control their anger or rage or any other emotion they might feel at that time.

That's why, I never recommend working on a business with a partner, especially if that partner is your friend or relative. If the business is small-scale, just take the loan and ask them for some time until you pay their money back and then use that money to build up your business and make sure that it works or you will have a burden on your shoulders that is to repay the loan.

[RockBell]

I say you leverage the current shape of the internet. If you're looking to create a small business with little to no capital the next best thing you could do is to gather a dedicated following around your brand. For apparels like shirts, jewelries, and whatnot, start with a story/culture that you want to portray with what you're trying to sell. As soon as you're able to discern what that story is, find the proper audience and I say you let them wear your story and all that stuff, make them an indirect advertiser of your small business, and once that happens, offer to take them to a photoshoot, upload your products over the internet and sell them to your dedicated following. Soon as you complete this, you'll have a self-sustaining small-scale business that you could upscale to a full-on enterprise given the time, effort, and funding.

I believe starting a business is easier than growing a business. Yes the selling of your products may be hard but when you start your business you have a goal you set.
Let's take tailoring as your business; when you started, your goal was probably to be the best in your area, when you achieve that you aim higher after all nobody wants settle for less, so now your business is known, our friends patronize you, their friends, schoolmates, church members and so on your aim now is to have your own clothing line or be a personal stylist to a celebrity or probably both at this point you have moved from recreating styles and designs to creating them for others to imitate.


Now you have to design the dress in way that is not only unique but suits the occasion and the wearer that's in the case of a personal stylist when talking about having a clothing line, you have to think of a theme and design dresses that are similar but different keeping the theme in mind and still capture your target audience and bring in more costumers that will help grow the business 'cause a business without costumers is dead.

[Woodie]

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.

Depending on which country you are coming from, and depending on the weather situation there, I believe low risk businesses to consider is anything agriculture related, but for something I would advise low risk and weather selective it has to be fish farming... Other possible choices available are YouTubing, drop shipping etc

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

Unfortunately all business ideas I have ventured into are high risk, it's either repair/maintainance costs cut through your profits or people responsible for running the business are acting dishonest, it's a tough world out there.. But it is what it is never give up.

[HajiBagi]

Youll start by saving or taking a loan for capital, but it is preferable that you save and while saving youll be conducting your own feasibility study to check if your business will be good in that area. Planning is crucial to making sure that your business will be successful.

Food business is really what I have been planning because I have noticed that in my area there are only a few food establishments and I would say that food is not good so having a good quality small restaurant is better both to sell food and to have dine-in customers. It is just a simple restaurant so my capital is small and later on if it is good I will just renovate it to be bigger.

Your plan to open a small restaurant is a good one, and I think you will make a lot of money there if you serve delicious food that will entice customers to leave their current location and visit your shop. However, before you plan to open a restaurant, you should also consider the type of area you want to use because if it's not a good area or somewhere people will want to visit, your market won't look the way you want it to. You can start a number of businesses to generate income and begin investing in bitcoin for future use. For example, you can sell building supplies and clothing items that are necessary for someone to decorate their room. I have seen a lot of people in this industry, and they consistently turn a healthy profit.

However, occasionally even businesses succeed, but this is largely dependent on how seriously you take the business. For example, some businesses will always lose money every day if their owners don't take care of themselves and act humble. Even small profits won't come from these kinds of ventures. Many people start small and go on to become successful business owners today because they know how to manage their businesses. Therefore, I would advise anyone who want to launch a business to make sure they are prepared to assume some risk and to treat business seriously, since it is always a serious endeavour.

[Hewlet]

There are so many small-scale businesses one can venture into depending on the peculiarity of the need in your environment. When thinking on starting up a new business, it's best that the business idea comes from a place of trying to solve a problem in the society so that way, you know that you already have your primary audience.

You just have to look at an existence business and find out the area they are missing out and you can use that as an advantage to build your unique brand.  It's possible that as you travel outside of your environment you can see a business that is striving in another location and that is not in your environment. You can start up such business in your environment and it will grow in the long run.

[Cyber_warrior]

Youll start by saving or taking a loan for capital, but it is preferable that you save and while saving youll be conducting your own feasibility study to check if your business will be good in that area. Planning is crucial to making sure that your business will be successful.

Food business is really what I have been planning because I have noticed that in my area there are only a few food establishments and I would say that food is not good so having a good quality small restaurant is better both to sell food and to have dine-in customers. It is just a simple restaurant so my capital is small and later on if it is good I will just renovate it to be bigger.

The majority of companies that I am aware of either go completely debt-ridden or have savings that are supplemented with loans. In either case, generating financing for a firm involves a substantial initial investment. Everyone is aware of the risks involved in launching a business, therefore if the venture is funded by a loan, the investor should take appropriate action before circumstances begin to negatively impact the firm and make repayment impossible.

If the investor does not have proper planning then he his inviting the devil to his doorstep, the outcome won't be nice because once there is challenges a social or smart entrepreneur should be able to provide quick solutions to does challenges. And starting a food business is good and its a business that always have high demand because people must eat and since your analysis are done already even the location its a job well done and starting a food business does cost must for starting.

Your plan to open a small restaurant is a good one, and I think you will make a lot of money there if you serve delicious food that will entice customers to leave their current location and visit your shop. However, before you plan to open a restaurant, you should also consider the type of area you want to use because if it's not a good area or somewhere people will want to visit, your market won't look the way you want it to. You can start a number of businesses to generate income and begin investing in bitcoin for future use. For example, you can sell building supplies and clothing items that are necessary for someone to decorate their room. I have seen a lot of people in this industry, and they consistently turn a healthy profit.

However, occasionally even businesses succeed, but this is largely dependent on how seriously you take the business. For example, some businesses will always lose money every day if their owners don't take care of themselves and act humble. Even small profits won't come from these kinds of ventures. Many people start small and go on to become successful business owners today because they know how to manage their businesses. Therefore, I would advise anyone who want to launch a business to make sure they are prepared to assume some risk and to treat business seriously, since it is always a serious endeavour.

From the local observations that have done and have seen people into restaurant business make good money and packaging of your food the environment to might just be what the person needs, everything about business is strategy, once you have your plans and it goes well then your business is good to go. Any kind of business that has to do with consumption always bring good profit.

The seriousness of every business actually matters, any reckless move will cost you. And adding to the advice you gave is better to go for a business you can also and manage well, start on a small scale and understand the business well before upgrading.