If you want to shape your future, set your work schedule, and enjoy a much bigger income, it might be time to start a business.
If a lack of money is holding you back from becoming an entrepreneur, you’ll be happy to learn there are many companies you can start on a small budget.
If you’re ready to become your own boss, here are five affordable businesses to start in 2021.
Due to the demands of modern life, more people are hiring professional cleaners to clean their homes and workplaces each day.
It’s an affordable business to kickstart, as you will only need to invest in some basic cleaning supplies at first.
Also, you could stand out from companies by specializing in a specific service, such as carpet cleaning.
However, similar to other businesses on this list, your business could experience an accident or cause damage to another person’s property, which can impact your company’s finances.
For this reason, insurance is important for carpet cleaning business owners. Your team might knock over a client’s expensive antique when moving equipment or a client could slip and fall on a wet rug or carpet and experience a serious injury.
If you’re an animal lover, you could enjoy great success running a pet-sitting business.
Many pet parents will often need a dependable adult to care for their dogs, cats, and other animals when at work or on vacation, which could help you enjoy a fantastic annual revenue.
All you’ll need to do is enter a pet owner’s home to feed, walk, and play with an animal in their absence, so you can kickstart the business with minimal overheads.
However, you may need to apply for a pet-sitting license in some states, and you must invest in insurance to protect your business from financial liability.
Painting & Decorating
Are you talented with a paintbrush? Turn your skill into a successful business by starting a painting and decorating business. Similar to cleaning, many people love the idea of a beautiful home, but they would prefer to pay a professional to decorate their home for them.
It’s an affordable business to kickstart, as you’ll only need to invest in the following equipment:
- Drop sheets
- Painter tape
You can scale the business with ease, too. Once you start building a large database of clients, you can hire extra painters and decorators to cater to demand and grow your company’s profit margin.
A Tour Guide Company
If you live in a town or city that welcomes many tourists, consider launching a tour guide company.
If you love to meet new people and are confident and outgoing, you could launch a successful business on a small budget, as knowledge and personality will be your company’s biggest assets.
All you need is a friendly personality, a little marketing know-how, and in-depth facts on a city or subject.
However, you must find a USP to stand out from your competitors, such as exploring hidden gems, haunted locations, or natural wonders.