It seems that an ever increasing number of people are considering the idea of starting their own business. Not everyone however has a huge amount of free and clear cash to spend for that purpose which raises the question: what business can be started for an investment of under ten thousand dollars?
The straight answer is, not all that many. Buying an existing business requires large amounts of capital. Getting into a franchise opportunity can be very expensive as well depending upon what one is looking to do. There are some franchises that can be bought for under ten thousand dollars but that is just the franchise fee alone. The business start-up costs must be added in on top of that, leaving that under $10k guideline far behind.
The fact is that most business opportunities require that the interested party take the full plunge into the shark infested waters of beginning a business. There are few chances to wade into the water a step at a time so that current income streams can be maintained until the new business generates enough revenue to support the owner.
Additionally, starting a business can be a complicated venture. There is a seemingly endless line of tasks and arrangements that must be made before getting started, let alone before a new operation will actually generate income. Worse yet, it is very likely that it will take at least a year or often even longer to generate even the smallest of profits.
After all, the open market place is a very competitive environment, even when everyone plays by the rules. The fact is, there is no free lunch and starting a business requires lots of time and sweat equity. Free markets by their nature offer anyone the opportunity to do business. But at the same time, those same free markets are loaded with others seeking to make a profit as well. Lots of them will be in the industry and the business sector that you choose.
All of which brings us to the point of considering what kind of business can be done for less than ten grand, offers a chance to wade into the water rather than make the all out leap and can turn a profit, even with plenty of competition, sometime within the first six months of operation.
When you know what to look for, those kinds of opportunities are not only possible but they are immediately available. The key is to identify the business characteristics that fit. What follows are a few to keep an eye out for when searching for prospects.
Obviously, look for low cost ventures. There is no need to break the bank to get started.
Get into something that is an established niche and not some off the wall idea or some total scam.
Find a business with a track record of success that includes valid documentation of real and honest results.
Notably, avoid anything that leaves you stranded on a desert island. If there is no training or support available, steer clear. Being the lone ranger when starting a business makes zero sense. Help at the beginning is critical, especially without established expertise on hand.
To maximize profit potential, you need to do something that addresses a very large market segment. Appealing to a small audience, particularly when there is already established competition in place, is a recipe for unnecessary hardship if not failure.
If your choices require that everything you are doing now must be left behind, be very careful. It is far better for your fiscal, not to mention mental, health to be able to maintain current income levels in the short run as you build your business so that your back is not forced against the survival wall before having a reasonable chance to succeed. In other words get into a business that allows you to wade in gradually.
Is it actually possible to find a business that meets all of these criteria? Absolutely and without doubt. A link is provide below to one such business that will give you the desired profile.
Keep in mind that the sooner you find the right opportunity and get started, the better established you will be as others decide to catch this wave. It never hurts to take advantage of an advantage.