One of the main obstacles to starting a business is the lack of start-up capital. Therefore, here Business Advisor, Strategist and Business transformation expert, Hirav Shah has collected 10 business ideas with minimal investment, which can get in cash with a very less investment, in 2022.
Table of Contents
1. Franchise business
As a start, a franchise business model is much more profitable than opening an independent project. A franchise will give you a number of advantages: a well-known brand, a quick start and a proven business model. The risk of losses in this situation is much lower – after all, the owner who gives the franchise independently evaluates how profitable your project will be.
Many companies operate under the franchise-from cafes to networked quest rooms. Many brands of clothing or cosmetics also have franchising opportunities.
2. Educational courses
An important point here is to assemble a team of truly competent teachers who are able to explain complex topics in an accessible way. Or maybe you yourself are well versed in some area and can share your knowledge?
The most popular courses are related to IT, foreign languages, finance, accounting and beauty.
3. Recruiting agency
Despite the abundance of such agencies, good recruits are still in high demand. Indeed, according to a 2021 survey, 94% of employers have difficulty recruiting.
Many people are familiar with how recruiting works: someone from the employer, someone from the job search. But still, for a start, it is better to hire a professional HR who will help you understand all the intricacies of the process.
4. Sale of used equipment
Another idea of a profitable business is buying and selling electronics. You have probably come across such projects, especially you can often find resellers of Apple equipment. Important points in this business are a professional who will be able to assess the state of technology upon purchase, and the presence of an offline store.
5. Rent of quadcopters
An interesting idea for a business in 2022, with little competition yet. Copters are rented for shooting parties, corporate events, weddings and other holidays. The first investment is buying a drone. To be safe, start with a simpler model.
6. Catering
More and more people organizing holidays or business events are abandoning the services of expensive restaurants in favor of free space and catering. This idea is quite difficult to organize, but if you are familiar with this area – for example, working as a chef or as a bartender, in an event agency or other catering, this business can bring you good profits.
7. Food delivery from restaurants
Do not be discouraged by the fact that in large cities there are often many services that could quickly bring food from any restaurant. At the same time, the demand for delivery is huge – in almost any establishment that delivers food, the waiting time increases on Fridays and weekends.
8. Coworking
There are more and more freelance professionals, and interest in temporary workspaces is constantly growing. After all, cafes are often noisy, loved ones interfere at home… Everyone wants to work in a cozy, light, comfortable coworking space – but this is often not the case near home.
This business idea also does not require large expenditures: to create a coworking center, you do not need to buy a room – you just need to sublet it.
9. Hostel
Over the past few years, many hostels have opened in cities with a population of over one million. But the demand for hostels continues to grow, which means that it can become a rather profitable project. Hostels in resort towns and urban settlements, as well as transport hubs, will be especially popular.
10.Gardening
Gardening is blooming. The pandemic created a new generation of gardening enthusiasts. And the gardening trend isn’t likely to wither anytime soon.
The increased interest in gardening is driving demand for gardening-related services. Options include teaching a gardening class, running a lawn care service or offering landscape consulting services. Another possibility from this growth trend is selling a gardening product or accessory.
With people spending more time at home over the pandemic, many turned to gardening.
Final Thoughts
Hopefully, you now realize that you don’t need a lot of up-front money to start a business. In fact, you can start one for almost nothing. You just need to know what types of businesses work best for you, your mindset and your model- Concludes Hirav Shah, India’s Most Trusted Business Advisor & Astro-Business Strategist.
