Last Updated: May 15, 2018
Do you want to start a business but don’t have much money to spend? It can be done. Starting a service business is often the answer. Here are ten business ideas that can be launched for $500 or less in startup funds.
You’ve probably read about people starting their own businesses with very little money and making a fortune. And it can be done — particularly if you’re starting a service business. But a word to the wise: for every success story there are dozens of failures that go unreported. The key to improving your chances for startup success is to be smart. Be honest with yourself about your willingness to work hard and research the business you plan to start before you jump into the new business pool.
The list of business startup ideas below represents just a few of the many different types of service businesses you can start with limited funds. If none of these suit you, think of what other type of service you could provide and start using similar tactics.
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Before You Leap
Whether you plan to choose one of these 10 business ideas or a business idea of your own, take this little quiz before you proceed. Your answers will let you know if you have what it takes to launch and succeed in a new business:
Unless you answered “yes” to all of the above questions, you might not be ready to hang out your shingle just yet. Take some time, do some research and then when you are confident you are ready to launch, then go for it!
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