Business Startup

Top Business Ideas that do not need millions

TOP BUSINESS IDEAS THAT DO NOT NEED MILLIONS

Have you been struggling to find the ‘next big thing’? Did you know that you do not need millions to start a business? And there is never that thing which no one had done before?

Simple business ideas

If you aspire to be an entrepreneur and is looking for a simple start-up, don’t always think of coming up with a new invention. Not everyone can start the next big social network or the most intelligent mobile app. Look at what you are good at and move on from there. Here are some ideas that do not need a lot of capital to start.

Professional Services

You can be a certified accountant or a legal advisor. Put your services online and help people with their taxes or any services they require. You need a professional license and if you are, you can start small. There is no need to always start with a physical office.

Bicycle Mods & Repairing

As you might have noticed by now, cycling and skateboarding has become quite popular of late. If you have the skills, you can now offer repair or replacement services. All you need is a small space like your garage or your porch.

Business documentation services

You might not know it, but a lot of business-minded people have ideas but are not very well-versed with business documents. You can offer business plan services or even offer them secretarial services too.

Housekeeping services

You will need a team of cleaners for this job. And they have to be good in what they do. After all, how well they clean will be your testimony that will bring you repeat purchases. This is a small business that require minimum setup. You need a space to keep your equipment and a vehicle and a team of cleaners, and of course business contacts.

Computer and digital devices

This is one business you can do from the comfort of your home. A lot of people feel that computer repair services are outdated but there are still a lot of users who are unable to solve their machine problems. If you have the skill to troubleshoot and make repairs, you can do so with a nominal fee.

Training and consultancy

This is one business you can start easily but you need to advertise what you have. Your experience counts because you need to offer good and sound advice. The more certifications you have, the better it will be. On top of that, you can offer training like public speaking, computer skills and even specialized modules like accounts and such.

Secretarial and editorial

This business only needs a computer and a desk. That’s all you need. And you get to work from home at your own leisure time. A lot of people thinks this is freelancing but it is not. If you register a company with this, you can start taking up secretarial duties for companies like replying emails and other responses. Besides that, you can offer writing services and other editorial types too. Among the services you can offer include:

  1. Proofreading – Checking the English grammar and sentences structure for completed articles.
  2. Copy editing – you do the writing, the validating and the finishing.
  3. Copywriting – you will need to offer a lot of creativity in this one. Usually involves promotion of a product or service for a brand or an agency
  4. content – offer content to online or offline publications

Event management

You need to have good contacts and network for this one. There are 2 ways to go about with this. You can either plan and organize and event that includes logistics, manpower and other issues for an event management company on a freelance basis. To do this, you must have the track record if they are to ‘sub’ the job to you. On the other hand, you can start a small establishment to organize and manage your own event. Note that when it comes to events, it does not need to be a large scale expo and could just be a small birthday party with clowns, balloons and candy floss.

Flea market and exchanges

Start a company that holds flea markets. You do not need a large office to do this. All you need is a small space and some good negotiation skills with location owners. Flea markets need not always be at shopping malls. You can hold them on a mobile-market basis and have them at car parks, open spaces or large fields as long as you have participants. Your job involves spreading the word and getting people to sell their stuff.

Wedding planners

Malaysia has one of the most diverse mix of cultures and marriages can be quite complicated when it comes to traditions and practices. If you have the knowledge and the experience, this is a great business to venture into.

Not rocket science

So there you have it, some of the business ideas that seemed so normal but truly workable as long as you have the passion and the experience to do it. Remember, it is not always about finding the niche or the product that no one has thought of. A common business works, as long as you know you have the funds to get there and how to maintain your business.

Some conventional businesses that still rock!

As the daddy of the house, it is your duty to ensure that you bring food to the table. While the modern family is common to have double-income from both the mother and father, there are some family businesses that you can consider so that everyone can be involved.

Best family businesses to run

So, if running a small business is what you are after, what could your options be? You should make your decision based on the following factors:

  • Manpower – This is one thing you must heavily consider. If you are involving everyone in your family, you need to ensure that they are able to commit to a certain period of time
  • Budget – The most ideal situation would be to start your business with as minimum a cost s possible
  • Convenience – As it would involve all members of your family, you might need to consider the location whether you will be operating from your home or otherwise
  • Suppliers – If you plan to go into retail, knowing where and who your suppliers are would make a big difference to your cost and convenience

Online Business and services

This is perhaps the easiest business to start. You can literally start from your own home and operate virtually. These days, a lot of people like to start online businesses because it is very convenient and you get to work at your own pace.
One thing about starting your own online business is that it is very competitive. Sustaining the business would be quite challenging while you should be aware of the Malaysian Business laws. However, you can use some pointers like:

  • Go into retail – your family members could help in packaging and postage
  • Provide customer support – If you are not selling too many items, you could offer ‘live chat’ services
  • Find suppliers – This can be tricky but you need to find suppliers who are near to your location so that you do not have to worry about transportation costs

Food and Beverage Business

You would need to have a good head start if you intend to venture into F & B. Starting a café or restaurant would be good but it would be too costly if you are running a family enterprise. But if you can afford it, then the whole family can help in areas like watching the cashier, cooking and such.
Another aspect that you can consider in the F & B area is catering. You could sell cakes, pastries, snacks or full meal through an online platform. Capitalize on social networks to spread the word of your business and take order from there.

Digital Design and content

One of the areas that you can venture into as a family is into digital design and content. Learning how to design websites today is easier than ever. The young ones can create their own with their vibrant creativity and you could see where you can market these services whether it is through word of mouth or social media.

Our key advice: Do not start off with expecting to earn but being passionate with your business and give more to your clients or customers