Not just the Millennials but also the previous generations are taking up the path of Entrepreneurship. Buried are the days when entrepreneurship was considered as the “last option” as it has now become the “first choice” of many. With the ever-growing demands in the market, it is a perfect time to be an Entrepreneur. Entrepreneurship is defined as the “capacity and willingness to develop, organise and manage a business venture” while being prepared to take risks to make a profit. An entrepreneurial spirit and mindset is one that has the ability to take risks and can innovate with the goal of making profits. One of the best examples of entrepreneurship is starting a business on your own, with the goal to succeed in a competitive marketplace that is constantly changing. And by succeeding in their respective business, entrepreneurs thus contribute towards a bigger cause which includes the development of the nation.
In fact, entrepreneurship has several advantages, such as –
- Entrepreneurship allows individuals to be their own boss
- Entrepreneurship provides the opportunity to be an innovator and bring new products and businesses into the market
- Entrepreneurship provides flexibility in terms of working hours
- Entrepreneurship provides seamless opportunities and has fewer restrictions
- Entrepreneurship provides opportunities to earn and grow more than a regular job can provide
- Entrepreneurship helps individuals discover their various skills and capabilities and also provides opportunities to put them to practice
- Entrepreneurship provides employment opportunities to several people
- Entrepreneurship allows the business owner to become proactive on a community level and bring about positive change via the business and opportunities created through the business
It takes more than just a dream or ambition to be an entrepreneur. However, there are many who just aspire to start their own business but are afraid to take the plunge, probably fearing failure or the inability to secure funding or owing to the lack of confidence. But every aspiring entrepreneur must remember that “you don’t have to be great to start, but you have to start to be great”. To help entrepreneurs make a great start a few business ideas are discussed here that have literally zero investment or minimum investment required.
Zero Investment Business Ideas
Some businesses can be explored and started without the need for any investment or require minimal investment. This is great news for aspiring entrepreneurs who wish to take the entrepreneurial plunge but shy away fearing the investment required and the process to apply for the funding. Some such business ideas include –
Home Tutoring And Coaching
Today schooling has become a lot more complex and demanding than before. Schools are trying to give the best possible all-round exposure to children. This results in the increased curriculum, increased number of extracurricular activities and number of projects as well. Parents along with the children can sometimes get overwhelmed or sometimes parents do not have the time (owing to jobs and hectic schedules) or knowledge to teach the children as per the changing syllabus. This is when tutoring and coaching act as a lifesaver. Individuals who are qualified, knowledgeable and experienced can consider this business opportunity of providing tutoring or coaching, either at their own home or even by visiting the homes of the children. This field is always in demand and a necessity for most parents and therefore interested entrepreneurs can apply their teaching skills for the benefit of the children as well as themselves. Additionally, children get personal attention owing to the undivided attention that personal tutors can give them.
Creche And Daycare Services
In today’s times, there is a steady rise in the number of nuclear families and with both partners in a household working, there is a constant need for reliable creches or daycare to look after the young children. Thus a daycare or creche is a great business opportunity, especially for aspiring women entrepreneurs, who can start the services from the comfort of their own homes. The skills set for the business include an innate love for children, enthusiasm for playing with them and creativity to keep them engaged in various activities. Kids can be kept occupied with commonly found household items too, if the creative play is planned around the items, thus eliminating the need for investment while setting up the business initially. Thus, a daycare business operated out of the house is a good business idea that requires zero or nominal investment.
Home Chef/ Personal Chef
Entrepreneurs who have a flair for cooking and are passionate about it too can turn their skills into a thriving business by turning into home chefs. With the technological advancements, there are a number of websites that support and advertise these cooks, by listing their specialities and offering delivery services. The home chefs have to thus just concentrate on their signature dishes. Further, they can create their own website or Instagram and Facebook page to market their services and reach out to the targeted customers. Many are on the lookout for personal chefs or home cooks for specific catering orders where the order is placed beforehand and sometimes the chef might work from the clients’ kitchen itself, thus just utilising their cooking skills alone without making any investments. This is a good business opportunity for entrepreneurs to benefit from if they have great cooking skills.
Travel Agent And Tour Guide Services
Travel is the only thing that we buy that in turn makes us richer. Irrespective of the economic background and the budget, people look to travel at least once a year to explore new destinations, experience different cultures, meet new people and to take a break from the usual routine. Travel could be within an hour’s journey from one’s city or it could be across oceans but it is vital to rejuvenate oneself by travelling. Travelling without having to worry about making an itinerary or booking transportation and accommodation is always a sought after option for those going on a holiday and entrepreneurs can cater to these requirements by providing travel agent services such as making an itinerary or making bookings beforehand, all of which can be done via a computer and by conducting minimal research, irrespective of location. Travel agents can thus work from home too. Additionally, travel agents can arrange for tours within their city to take tourists to local tourist attractions or even conduct heritage walks or food crawls all of which can be done via prior booking and do not need investment or space to carry out the business operations. However, travel agents might require a licence to operate or provide services, which is the initial nominal investment to be made and depends on the requirements of the local authorities. Thus, travel agents, itinerary planners and tour guides are great business opportunities for enthusiastic budding entrepreneurs.
Content And Blog Writing
Content forms the crux of the majority of the businesses today. In today’s digital age, websites, blogs, videos, social media platforms, apps are all the various sources of providing information as well as conducting businesses. And all of these mediums require content directed towards specific target audience which is relevant to attract business and contains keywords aimed at improving the business. Businesses therefore need the skills of a content writer and creator who has a flair for languages and ability to produce content that is appropriate and relevant. Content writing is a great business opportunity for enterprising writers who are looking for business opportunities that require zero investment. This business requires access to the internet and a computer or laptop to create the content, and is a highly rewarding business opportunity.
Every business relies on sales, either of its services or its products and in order to conduct sales, the business needs to market and advertise itself. Marketing and advertising are important components needed for the success of every business. Starting a business in the advertising and providing marketing strategies is thus a profitable business opportunity that caters to a large number of other business enterprises. Advertising is especially useful in the digital marketing sphere where new, unique strategies need to be conceptualized frequently in order to attract the attention of the targeted audience and to stay ahead of the competition. This business requires a creative mind which can conceive innovative ideas for advertising of particular businesses, therefore making it a valuable zero investment business idea.
Fitness and health are of paramount importance and an increasing number of individuals are realising its importance and hitting the gymnasium with a renewed vigour. However, each individual needs to focus on a different health aspect, which is particular to their body type and thus require the guidance of a gym instructor. Working as a gym instructor on a freelance basis is thus a suitable business opportunity for fitness and health enthusiasts who are looking for zero investment business ideas. However, the entrepreneur needs to have prior knowledge and training regarding the various exercises and gymnasium equipment and which ones are suitable for which type of exercise, etc. A gym instructor can also provide personal training, which is even more rewarding, because personal trainers are much in demand.
These are some zero investment business ideas which are lucrative and easy to start too, with most of them not requiring any special training or degree for starting the business. There are several other small businesses which can be started with a minimal investment and which have great opportunity to grow successfully.
For information regarding the businesses and for guidance in starting an independent small business with zero to low investment, contact deAsra.