I wanted to update this post about businesses you can start with under 5k in start up capital as it's recieved a lot of traffic over the past few months. There are basically 3 or 4 different business models you can have some success with and invest less that 5k in working capital up front. Maybe one of them will be your golden egg.5k Start Up Biz Opps
I've written a lot in the past about the busness opportunity business model and I've used the business opportunity as a part of my online business in the past. I don't currently promote a business opportunity, but many of the best business opportunities are under $5,000 to start up.
One of the things to keep in mind (and why I don't promote a biz opp) is that most business opportunities require you to recruit new members. There is a good share of income derived from promoting the actual opportunity. There are usually products involved too, but in my experience the focus doesn't lie on the products.
Other Self Employment Ideas Under 5k
Over the last three years there have been many more low cost franchise opportunities spring up. Starting a franchise can be done today with less that 5k in start up capital. I've found most of the less expensive franchise opportunies are actually service based franchises.
Some of the more popular franchises you can start for under 5k include cleaning franchises, consulting type franchises, and licensing type franshises. In otherwords you won't be owning a McDonalds for under 5k, but the franchise route might be a good fit. I wrote an article a while back about low cost franchise business ideas, give it a read if your interested.
One of the things to keep in mind (and why I don't promote a biz opp) is that most business opportunities require you to recruit new members. There is a good share of income derived from promoting the actual opportunity. There are usually products involved too, but in my experience the focus doesn't lie on the products.
Other Self Employment Ideas Under 5k
Over the last three years there have been many more low cost franchise opportunities spring up. Starting a franchise can be done today with less that 5k in start up capital. I've found most of the less expensive franchise opportunies are actually service based franchises.
Some of the more popular franchises you can start for under 5k include cleaning franchises, consulting type franchises, and licensing type franshises. In otherwords you won't be owning a McDonalds for under 5k, but the franchise route might be a good fit. I wrote an article a while back about low cost franchise business ideas, give it a read if your interested.
It seems like when I was first getting started in business It cost a lot more money to start a business. Looking back I think it had more to do with lack of experience. I've started several businesses with under 5k in start up capital.
Self employment ideas that allow you time and money freedom are worth looking at. Operating an information age business idea from home is a liberating experience and it's something that most people can do if they are willing to do the work. The best business to start will be obvious when you find it. Some people prefer their own idea, others are looking for a tunkey business.
Don't like risk? Limit risk then, don't avoid change that's risk! I started right from my home office on a part time basis...
Do you have any self employment ideas for under 5k you would like to share with us? There are probably hundreds of service type businesses you could start for well under 5k. I've known people who started construction businesses with less. What are some more?
Do you have any self employment ideas for under 5k you would like to share with us? There are probably hundreds of service type businesses you could start for well under 5k. I've known people who started construction businesses with less. What are some more?
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