subject: Best Business for You [print this page] In tough economic times everyone has not access to capital to start their business. If you only had minimum capital like $20 to start your own business, you definitely have problem while taking decision what business would you start. How would you spend your $20? There are world of possibilities out there for anyone who wants to start a business with any amount of investment. Here are various options you can adopt according to your finances and these are from thebest business of the world.
Retail or Wholesale Type of Business
If you want to be positioned on supply chain then retail business is best for you. Retail businesses sell goods directly to consumers, usually in small quantities. Wholesalers buy goods often in large quantities from manufacturers or importers and then sell them to retailers and other distributors.
Franchise or Independent Business
Several established companies offer franchises, which are typically copies of their companies. If you acquire a franchise, you are getting buying right to sell goods and services of parent company in specific area. Further paying a franchise fee, you will also need to pay royalties and possibly additional fees to franchisor. You will also expect to abide by terms of franchise agreement, which will often lie out exact way you will do business. An independent business needs your creativity and potential. Starting an independent business allows you control and freedom that you cannot get from a franchise operation.
Product or Service Type of Business
If you are a trained professional like a dentist, accountant or realtor, your business is going to revolve around professional services you can provide. There are various professionals that also have opportunity to present related products, if they choose to do so. For instance, if you are a photographer then you might decide to sell cameras, picture frames and photo paper. If you are not a trained professional then take decision whether to focus on products or services on the basis where your true talents lie and what you enjoy most doing.
Storefront or Non-storefront Type of Business Operation
If you have decided to start a business selling products, you need a storefront of some kind, whether bricks and field gun like as retail store or virtual or an e-commerce site. Various successful businesses have both expanding their customers beyond their locale. Other borrow a storefront so to speak by getting their products distributed by other businesses, selling their products through markets and fairs, or by using available e-commerce venues.
Small Scale Food Production
The past years show huge increase in innovation, upscale mobile food vendors working for trucks and selling everything from premium ice-cream to Korean BBQ. This requires even low investment and allows fledgling entrepreneurs to get a foothold in food business. This business creates steady income and loyal client base for future business activities.
Salon Business Ideas
The hair and beauty salon industry has dramatically expanded from early days of barber shops, beauty shops and nail salons. You can check out different salon oriented ideas in these sample business plans for inspiration.
Home Renovations
You can also start a business of home renovations if you have skills. This business increases your creativity and level of satisfaction with your work.
Handicrafts
You can also start business of handicrafts as it is a best business idea for those who want to work from home. In this business, you need to manufacture various goods at home and then supply it to market. This business also needs you extra ordinary creative skills.
You can read more about top ten business of the world to get assistance in your business choice.
Best Business for You
By: shazia
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