If you love cooking and are looking for business ideas you can start with low investment, personal chef business can be a good business to start. Possibly you have a dream of starting catering or restaurant business and you don’t have enough capital to start, you can start up as a personal chef. In this ever busy world, especially where couples are both working 9-5pm, there may not be time to prepare their own dishes not to talk about preparing for the whole family. That is why the need for personal chef services tends to be on the increase. Apart from serving busy working executives, people also need personal chef who can help them provide delicious foods for their parties such as corporate lunches, birthday parties, weddings and anniversaries. Therefore, if your desire is to be self employed, this could be a golden opportunity for you. The overhead involved in starting personal chef business is generally low. Even in some cases, clients can provide the utensils you will need to provide their meals. You can start the business as a side business before you finally take the plunge. This will allow you to test the market and ensure that the business can sustain you. Good enough, this is a home based business idea. You don’t need to open a shop. The word of mouth is good for your marketing.
Personal Finance Consulting
I will classify personal finance consulting among small business ideas that are recession proof. The reason is that, during economy boom, people run to financial planners to seek investments advice. They want to know the type of investment that will be okay for them. Not only that, they want financial planners to help them analyse possible options so that they can maximize the returns on their investments. On the other hand, in time of recession, a lot of people may suddenly find themselves in debts which may be difficult for them to pay. They may not have option than to turn to financial consultant to advise them on how they can get out from the debt. So, if you want to escape the brunt of unpleasant boss and you desire to be self employed, you can start your own personal finance consulting. However, this startup business idea requires that you possess relevant certification. You should also be skilled in personal finance. For you to avoid risks from liability and other fiduciary responsibilities; there is need to take professional indemnity insurance.
Referral business is one of the small business ideas that has been in existence for centuries. The business model has been the same but the ways people go about it may differ. The business is simple. Your job is to collect people searching for solutions to solution providers. How do you get paid? You get paid by receiving commissions from companies you refer people to. In this type of business, you will need to have active phone numbers through which people can reach you per time. Also, you need a database of the business you enlist on your referral program. Before you start recruiting people or companies into your referral program, you need to decide which areas you want to specialise on. You should be sure that you only enlist credible business or people into your referral business. Why people or business may be willing to enrol in your referral business is that, it is a very effective way of generating sales. If a customer comes through referral, there is likelihood that the customer will buy. Therefore, it is very cost effective for companies to enrol in the referral program. This is the benefits you need to send to companies. To get customers, you need to be good at networking.
If you live in a country where agriculture plays a significant role in the economy, especially where rice and cassava are grown, you can start rice or cassava mill business. This is not a business to start if you don’t have access to either owner’s or loan capital. It is somehow capital intensive as you will need to acquire or lease land and rice milling equipment. Although machine will be doing most of the work, it is important that you have a good understanding of the business before you venture into it. Another option is to hire an expert to help you run the business. You need to locate the rice mill in a place that is easily accessible. You must ensure that the layout of the premises is well designed to facilitate free movement of people and transfer of bagged rice. If you can make the investment, it is a good business idea that will keep generating income for you for a long time. Besides the milling services you provide, you will also be generating income from the sales of the rice husk. People use rice husk as poultry feed.