Thursday, February 28, 2019

small business ideas

small business ideas


Small Business Ideas You Can Run from Home - TechRound

Posted: 28 Feb 2019 12:17 PM PST

If you're housebound, have limited mobility or are a stay at home parent, it can often feel as though business ownership is out of reach. The gig economy has popularised mobile businesses and house calls, but that doesn't have to stop you from being your own boss. To inspire you, I've come up with a few examples of businesses you can run from home.

Home baking and catering

Starting a home baking business is such a classic example of entrepreneurship, and the internet makes it easier than ever to advertise to your exact target market. If you are brilliant at making vegan macarons, gluten-free cookies or Kosher desserts, why not carve out a niche?

Catering is another option, and it doesn't have to involve three-course meals for hundreds of people; you could create finger food for private birthday parties, for example. A courier or driver can help you to deliver goods if you aren't able to make the journey yourself.

If you do decide to start a food business, be sure to apply to your local authority and have your kitchen approved before you start selling. The Food Standards Agency has a wealth of resources to help you get started.

Pet treats

Love animals, but can't commit to dog walking or house sitting? Help pet owners to spoil their furbabies by making and selling special products.

Dog biscuit bakeries are an unexpected business idea that you can begin with a clean kitchen and a little knowledge of which ingredients are safe and healthy. You will need to apply to your local authority in the same way as you would if you were selling food for humans, and make sure that pet and human food are kept separate. If you plan to use animal by-products like meat or honey you will also need to be approved by the Animal and Plant Health Agency. Learn more about starting an animal feed business at the Food Standards Agency.

For cats, why not sew, knit or build high-quality toys and furniture? Your niche could be extra-potent catnip, food-shaped toys or stylish beds, hammocks and climbing trees for design lovers. Etsy is the perfect place to sell your bespoke creations.

Teaching and tutoring

Piano lessons are a classic example of an at-home business, so why not apply the idea to your personal skill set? Knitting, for example, would be a lovely skill to teach; it's much easier to learn in-person than from pictures or videos, and a cosy living room is a perfect venue. Languages, academic tutoring and woodwork are other examples.

If you would rather work online, you could create a course for Skillshare or offer video chat lessons; these are a particularly good fit for languages and mentorship.

Accessibility testing

As a web accessibility tester, you can make a positive change by helping businesses to make their websites more accessible. This type of work includes making sure that sites work with text-to-speech software, adding captions to images, using high-contrast colours and adding headings so that text is easy to read. You can learn more about accessibility via the Web Accessibility Initiative.

eCommerce

Online selling is admittedly a very obvious home business idea. What you might not realise is that it doesn't necessarily require trips to the post office or going out to source products. Couriers can collect your parcels, and drop shipping means that you don't need to store and pack your products at all.

Another idea is consignment; people send you items that they want to sell online and share a cut of the profits with you. This is best suited to high value, specialist goods like luxury fashion or musical equipment.

Graphic design

If you are artistically inclined and willing to put the work into mastering an image editor, graphic design is a rewarding job and can be applied to so many industries. For example, if you enjoy making patterns, you can upload your creations to Patternbank. Every time a company uses your print you'll receive payment, and brands regularly commission special prints from designers.

Printing

Printing is straightforward but can be as creative as you like. Letterpress printing is increasingly popular as people want to make invitations and stationery extra-special; if you prefer working with photos, you could specialise in archival quality prints for artists and memory keepers.

Don't limit yourself to paper, either. Screenprinting and digitally printing textiles are both options that are very much in demand with musicians and designers.

3D printing and laser cutting

3D printing and laser cutting equipment are rather prohibitively expensive, but if you have access to this kind of machine, why not monetise it? Many designers are looking to make products from wood, perspex, vinyl and plastic but don't have the minimum order quantities required by factories. By offering custom work you could well help another creative to get their business started.

Transcription

Transcription involves rather a steep learning curve but it's reliable work and important for accessibility, especially as we consume more media than ever before. If you are a strong typist, excellent with spelling and grammar and good at following style guides, this could be a good path for you. Many transcriptionists choose to specialise in medical and legal work.

Translation services

If you're multilingual, why not make a little money from it? Translation software is still a long way from being perfect, and the global nature of business today demands accurate, native level translation work.

Virtual assistance

Virtual assistants are essentially online personal assistants. Your day to day work might include doing research, tracking finances, making phone calls, answering emails and managing your client's calendar.

Editorial services

Content writing, copy editing, proofreading and structural editing are examples of editorial services. To make it as an editor or writer you'll need an excellent command of grammar and syntax, combined with a knack for writing with different voices and styles.

Social media management

This one is just as it sounds: if you know your way around content, analytics and follower counts, why not share your expertise? Your work might include scheduling posts, replying to messages, searching for mentions of the company and giving your client's pages an image refresh.

Bookkeeping and accounting

There's no escaping it:  financial records are part of every business owner's life, and it's entirely too easy to leave them to a mad scramble at the end of the tax year. If you are mathematically inclined, put the rest of us out of our misery by offering your services.

Bookkeepers manage the day-to-day cash flow of businesses and keep paperwork like invoices in order. Some will manage payroll, VAT and tax returns. You don't need any certifications to be a bookkeeper, but many choose to register with the Institute of Certified Bookkeepers or the International Association of Bookkeepers.

People often confuse accounting with bookkeeping. It occupies a similar space but is more concerned with the legal side of finance. An accountant ensures that their client is paying the right taxes and provides financial advice. You will need to qualify to be an accountant.

Film editing

You will need a reliable internet connection, fast computer and professional software to be a film editor. A film editor takes existing footage and cuts it together to make the final video. The editing process usually includes colour grading, synching audio and adding music.

It's repetitive work that needs precision and a little technical knowledge, so you'll likely find that your clients are filmmakers who prefer the artistic side of things. You can find opportunities on sites like Mandy; be sure to put together a show reel with examples of your work.

Points to remember

While you're hopefully feeling inspired to start your own business, don't forget to thoroughly research the regulations, licenses and insurance requirements for the field you choose. In many cases it's as simple as applying for a license and passing a routine inspection.

When you're feeling ready, we have a wealth of resources on starting your own business. Good luck!

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Small business ideas for Mumbai: Opportunity with minimal investment - YourStory.com

Posted: 21 Feb 2019 02:25 AM PST

Mumbai, considered as the second fastest growing market in Asia is always special to the people to want to explore their small business venture. It has become the heart of the city as it is the most populous among all metro cities. Not only is the largest city by population but it also the financial and commercial capital of India as well. You can get many ideas for starting up a new venture in the city, here some ideas are opened up to select from.

Image Source : https://moneyexcel.com

The huge population and so much financial activities mean more business opportunities. All you need to have a good list of business ideas and sort out the better idea to suit your skills and opportunity. Here, we are going to list up some best small business ideas that you can start with minimal investment in Mumbai:

1. Recruitment Firm:

There is always a bright opportunity in this big city with so many aspiring people looking for the job or heading to change job. Starting a small business would need very little investment but a good amount of effort.

2. Real Estate Consultant:

With a growing population, the demand on real estate properties in on the severe rise in Mumbai too. Starting a real estate consulting business could be a good option. Charging a low commission on this property value that is finalized with the clients can ever earn a good income.

3. Grocery Delivery Service:

This is one of the most innovative small business ventures to start in a small but posh location in Mumbai like to deliver the grocery items to the doorstep of the consumer with some additional charge. This could be a great idea to start alone, but if you already own a grocery shop, this can double your sale in both the ways.

4. Old book bank:

Opening used book bank is a good idea as most of the student love to save their money on books so they check for used books as well.

5. Blogging:

Starting your own blog page on anything that interests you most is not just a subject of a hobby but a lucrative business opportunity too. This small business idea would cost you low investment or you can also create a website or blog for free. However, you need to spend time every day of so many hours in a week to become successful blogger.

 6. Event Management:

Event management is one of the most popular and growing business in recent days especially in cities like Chennai, Mumbai, Kolkata where the sped up life has made it quite essential to hire a dedicated team for organizing and managing a gorgeous event like birthdays, wedding, corporate events and other as well. If you have good networking and you can easily move things like you can organize a successful event, then you could definitely be a successful event organizer in this small venture.

7. Online Trading :

Have you ever tried your skill to operate the online business? If not yet, you must explore the idea of selling online using already existing e-commerce platforms like OLX and others.

8. Become a Trainer:

This one idea is one of the excellent small business ideas for all those who are expert in any kind of skill. If you can cook well, start a cooking class, if you are good at painting, start a painting class, you can be dancer/photographer/Fitness expert/life coach or just anything, market your skill and ear good.

Opportunities do not end here; these are just some ideas that could help you to fin in your thoughts to start something new. To know about more feasible business opportunities you may get in touch with some reliable Business consultants in Mumbai.

New untapped business ideas in Kenya 2019 - Tuko.co.ke

Posted: 26 Feb 2019 11:23 PM PST

Have you been looking for a creative and innoovative business idea? It can't be easy to identify a business idea that is not already crowded. Luckily, we have some great ideas that will surely be of interest to you. Here are some innovative new business ideas in Kenya you can launch with either a very small or huge capital. A proper and right business idea will get you where you want to go. We believe that our innovative business idea article will help to enhance your knowledge about the best business ideas ever.

New untapped business ideas in Kenya 2019

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Source: UGC

Before starting a new business in Kenya, you need to do a detailed analysis of some legal requirements and the market feasibility. The entreprenurship sector of Kenya is an emerging market. It contributes about 75% of the GDP. Here are some latest business ideas in Kenya.

READ ALSO: 10 booming businesses in Kenya you can start right now

Small business ideas in Kenya

Small business ideas need low capital. Before investing a huge amount in a new business, it is better to invest a small amount of capital. The goal should be to grow it into something big. Low capital business ideas in Kenya are trending now. Here are the types of Business ideas in Kenya with small capital.

1. Small bakery

New untapped business ideas in Kenya 2019

Image: pixabay.com
Source: UGC

An example of a great business idea is opening a bakery. To get your business up and running, you would require good marketing skills. Use your small savings to start it at a small scale and reinvest to make it large. You will require raw materials (such as eggs, flour, sugar), baking equipment (pans, ovens, mixing equipment, cake decorating equipments and measuring equipment), raw materials (flour, eggs, sugar), consistent recipes, business permits and licenses.

For business registration and permits, consult a good lawyer. One basic requirement is passion for baking and great marketing skills goes without saying. This idea is not very new but with creative and new baking styles, you can definitely secure a great portion of the target market.

2. Fruit vending machine

New Business Ideas in Kenya 2018

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Source: UGC

Nowadays, everyone is going towards the healthy way of living. Across the globe, fruits are a healthy option. If you invest in a small fruit shop, you will never go wrong. This requires a knife, labor and blender and fruits. Persistence is the key here.

Find a good location and buy fruits from the cheapest outlets. Get a vending machine, where buyers can purchase their favorite fruits by inserting coins and select the options available without any hassle. This is one of the good business ideas in Kenya to start-off with.

3. Mushroom farming

New Business Ideas in Kenya 2018

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Source: UGC

For high returns turn to this. It is one of the best business ideas in Kenya. It is the easiest and cheapest to start. For those who know how to market their merchandise, the market is easily available. You will require mushroom farming knowledge, substrate, room and spawn. For beginners, shiitake and oyster mushroom breeds are recommended. Competition is very low in this business.

4. Making beaded handbags and sandals

Unique business ides in Kenya

Source: wikmedia.org
Source: UGC

One kilogram beads costs Ksh 370 in Nairobi. For a handbag and sandals, a one kilogram of beads is enough. Selling cost of those sandals and handbag will range from Ksh 3500 to Ksh 4000. Training cost and costs of other equipment such as needles and string can be about Ksh 3000 and Ksh 600 respectively. This is one of the unique business ideas in Kenya which you can definitely opt for.

READ ALSO: Top 10 Highest Paying Jobs in Kenya

5. Professional cleaning service business in Kenya

Profitable business ideas in kenya

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Professional cleaning service is booming in Kenya. It is one of the profitable business ideas in Kenya. The minimum budget of this type of business is Ksh 150,000. Cleaning and organizing offices and homes will be the main objective of the business.

Cleaning agents and various types of innovative cleaning techniques re required in this type of business. In Nairobi, Kahawa Estates, Ruai in Kang'undo road and areas around Jomo Kenyatta international airport are good target areas for this cleaning service business.

7. Brick making business

New Business Ideas in Kenya 2018

Source: unsplash.com
Source: UGC

The real estate market in Kenya is booming. Because of this people of Kenya are looking for cheaper homes. Brick making business is one of the profitable business ideas in Kenya. Brick is the cheaper option rather than stone.

Spades, labor, sub oil and brick making machine are the necessary equipment for this business. The total amount of cost and the estimated budget of this business is approximately Ksh 100,000.

8. Event planning and party planning

Profitable business ideas in kenya

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Religious events, birthday parties, weddings and other events are taking place in Kenya every day, week, year or month. Holding parties and as well as the planning for the parties is very stressful. The fee of the event planning business depends on the size of the party. The business event management will require very low capital.

The initial expenses of this business can be divided into separate groups, such as initial marketing cost, registration expenses of the business, other equipments, a computer or laptop and a printer. Capital expenditure can be about Ksh 60,000. Cost of a computer should be around Ksh 30,000. Printer cost can be around Ksh 5000. Registration expenses of the business can be around Ksh 10,000. Marketing costs in the initial stage should fall within Ksh 10,000 and office supplies of the business may be around Ksh 4,000.

9. Wall paper selling

Viable business ideas in Kenya

Source: ckarchitecture.com

Selling wall paper is one of the viable business ideas in Kenya. Most of the people in Kenya live in houses with dull paint. Painting is basically done by their landlords. Many people will be happy if they get better interior looking. As a business man, you will be dealing with handy wall papers.

You can get this kind of wallpapers from the local wholesalers or get them by importing from other countries. Cost of ten meters wall paper roll can be around Ksh 1600. Including other expenses, the total expense of the business might be approximately Ksh 1800 to 2000. After getting the material you can sell that wallpaper roll for 3600Ksh including installation charge for Ksh 1500. It can generate double profit and more revenue.

READ ALSO: Creative business ideas for teens in Kenya

10. SEO or link building business

Good business ideas in Kenya

Source: allevents.in

In Kenya, internet related businesses are booming. Every day hundreds of websites are established. You can develop an online community, web page designing and SEO or link building services. Initial investment of this business will be less than Ksh 35,000 approximately. This business is one of the top business ideas in Kenya.

11. Recycled product business

Best business ideas in Kenya

Source: YouTube, @VOA News

People in Kenya believe in art and they do not want to waste product. Keeping thisin mind, businessman may introduce a new innovative business idea. Start up cost and the initial cost for this business is low. To create roofing tiles from waste plastics is the innovative idea. Small pieces of waste cans, old plastic buckets will help to make the roofing tiles. Initial investment for this business would be around Ksh 50,000 to Ksh 60,000.

12. Farming Chia seeds

Small business ideas in Kenya

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Kenyan market is a fast growing market. Nakuru, Western Kenya and Uasin Gishu are among the best places for growing the crop called chia. These areas are warm with well drained soil capacity. The cost of one kilo chia seeds is around Ksh 2000, farming cost of Chia seeds can be Ksh 6000. Initial total investment of chia seeds is approximately Ksh 10,000. After 3 months of processing 2 kilograms of chia seeds will give harvest of around 75 kilograms. The process can easily raise an estimated revenue of Ksh 150,000.

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