Those who have been in business, understand an infusion of funds into the business is always welcome. Many business people out there have tried to raise capital for their business. While some have succeeded, some have not fared very well. Many others think of venturing into business and need the capital but they do not know where to start. The first-place people think of raising the funds is the financial institution, usually the banks. However, to start a business you will need to have a business plan. It has to be well defined to show your vision, the product/service, how you will make money and grow. A business without a plan is a recipe for disaster, no matter how much capital you may have. It will be a roadmap for your business.
Business plans will help you to get financial help if you need capital. It can be used with banks or other types of investors. One point that doesn’t strike a chord with most businesses is that maintaining proper financial records is important. Managing the financial records is significant from day one of operations. Not only will it prevent you getting into tax problems, it cultivates financial discipline. Don’t be put off when you are failing to get financial assistance for your business. Here are 30 businesses you could start with $5000 or less. If none of them are for you, reading this list might jog your mind to think of something that is of your desire.
30. Business Consulting
Many companies spend a lot of money to improve their business operations by hiring specialist consultants. This includes human resources, technology, the environment, and marketing. Good business acumen is enough for you to start generating income. The business can be launched from your home. Probably the best consulting business you can start is waste disposal and recycling management. Companies are spending a lot of money every month in this area. It only requires a bit of training to get the necessary skills to perform the work. With the green environment taking center stage, companies hire environmental waste consultants to create waste reduction systems.
If you are working from home, there will be minimal costs. Overhead costs will include marketing materials, promotion, and any specific certification that are required. There should be a consideration of the utility bills and expenses on your car. If you decide to take care of the waste, then you will need a waste disposal car. This is possibly what will take a big chunk of your start-up capital. A space in your backyard can be used to strip the items for recycling waste requirements. Looking into the above requirements, be prepared to spend between $2,000 to $5,000 dollars. Starting up needs more time and effort, therefore, you can decide to join a network of professional environmental waste management. You can either go solo and attract business through marketing initiatives. Doing it alone involves more time and high marketing costs. There are opportunities for making around $1,000 a week for general consulting. When it’s combined with waste management, you can make as high as $2,000 a week. This is only for one company and getting several companies can earn you a fortune.