Pop – Corn Production
Pop Corn production business will thrive where there are heavy foot traffic such as markets, fairs, sport events centre or busy community gathering place. You need to learn the business before you can run it profitably. Pop corn is one of the low cost small business ideas with high profits. Equipment required to start pop corn business include production machine, popcorn kernels, high quality oil, salt/sugar, butter, packaging materials, sealing machine and box/tray to display your gourmet popcorn.
If you have space in your yard, you can go into poultry. Rearing of chickens, turkeys and pigs are good small business ideas. You may choose to rear chickens as it has short payback period. You can quickly make your money from the sales of eggs. You can also decide to sell off matured chickens if you want to run out of cash flow. To run a poultry, you have to set adequate amount aside as working capital especially for feeding. One thing you have to take serious is the health of your chickens. If one is infected, it can affect the whole of the other chickens. This can result to a big loss. Even if you have the capital to start in a big scale, it is always advisable to start the business small. We classify poultry business as small scale business. I have just started poultry as a side business. Though I am still experimenting, so far so good, I can say that the business can be rewarding.
Private Library Service
If you have ever visited some of the public libraries or the libraries we have in some of our public institutions, you will feel disappointed. Libraries which suppose to be storehouses of knowledge are more or less becoming like museums because of lack of adequate funding. This makes the provision of private library service a good business idea. You will need to research the information needs of your environment before you embark on this type of project. For instance, locating a private library very close to a higher institution where there is no functional library can be a good investment. Students, lecturers and researchers needs books and journals which some of them may not want to buy on their own. Therefore, private libraries will be their resource centres. The quietness and serenity the private library provides is another side attraction. How do you make your money? You can run the private library based membership subscription. Some people may prefer to pay per visit. Therefore, your charges should be flexible enough to accommodate many people. You also make money by lending books.
Project management skill is in high demand but it requires certification. Project management ranges from deployment of IT to provision of strategic coaching, strategic business planning and implementation and leadership development. The scope of project management is very wide. Therefore, you need to identify your area of core competence and ensure you develop yourself in such area. As a project management consultant, you can work for the government, large corporations, small businesses, other professional firms and individuals. However, you need to focus on the group you have resources to support. As a new startup business, you may begin by targeting individuals. As you are growing and gathering experience, you can later extend your services to larger groups. Project management is a business idea with high profits potential. Nevertheless, it is important that you only accept jobs you can executive successfully. If you do your jobs very well, getting customers will not be a problem. You can be sure of enjoying referrals from satisfied clients.
Proofreading and Editing
If you are looking for small business ideas with low capital or little investment, proofreading and editing fall into this category. It is a startup business you can run either as a full time or a part time home business. The service covers proofreading and editing of books, literature, website contents, articles, speeches etc. It is not only publishers that require the services of proofreaders. Your prospective clients include corporate bodies and students alike. Proofreading is becoming more competitive as a result of many freelancers that have flooded the market. For this, you need to be flexible enough in term of pricing. You may not have a fixed rate. Your rate will depend largely on your customer type. For instance, a student may not afford to pay what a corporate client will pay. You need to assess whether a particular job will worth the efforts before accepting the job. As a proofreader, you should have a good command of English. This startup business idea is good for someone looking for a side business.