Keroche Breweries heiress Anerlisa Muigai shed some light on the different types of business ventures that require close to no capital to start.
A constant focus on that aspect can lead one to get demoralized to start the business in the first place and consequently give up on something that they may be passionate about.
If you are in such a situation, don’t give up just yet because there are businesses that you can venture into that require little to no capital to start as explained by Keroche Breweries heiress Anerlisa Muigai.
“On the surface, this seems like a major problem, but a lack of personal capital shouldn’t stop you from pursuing your dreams. In fact, it’s entirely possible to start and grow a business with almost no personal financial investment whatsoever - if you know what you’re doing,” she wrote on her Instagram.
Check out the six types of businesses that Anerlisa recommended.
“First off there are personal creations, like arts and crafts. For example, if you’re a painter, you could sell your works of art with an investment of nothing more than art supplies and your own time.”
“Services don’t cost you any money up-front because they’re intangible goods. And if you’re working in people’s own homes or neighborhoods, you won’t need a physical headquarters for your business. For example, you could start a baby-sitting service, a dog walking or pet-sitting service or something like landscaping or collecting taka taka.”
3.Repair or skill-based services
“If you have a specific skill, you could use your skilled labor as the main revenue driver for your business. For example, if you’re a handyman, you could cater to homeowners who don’t know much about home repairs. Just like in-home services, these types of gigs don’t require you to have a physical establishment and don’t require you to invest in anything up-front except perhaps the tools and equipment you’re going to need for the job, which will vary in cost.”
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“The idea behind resale is simple: You acquire products and sell them to other people. You can use dropshipping or wholesaling to acquire these goods. With dropshipping, you’ll ship directly from the manufacturer (and turn a lower profit), but you’ll need almost no startup cash. With wholesaling, you’ll need more money and space up-front, but you’ll end up with more control and more money.”
“Many workers think about becoming entrepreneurs only after getting several years of professional experience under their belt. Think about the industry you’re in and how much you’ve been able to learn in that time. Up and coming professionals or start-up business owners will likely be glad to pay you for your expertise. Consulting is a service that costs only time to produce but can be highly valuable as a career opportunity.”
"Of course, you could also piece together your own miniature business through micropreneurship and shared economy opportunities. For example, you could drive for a service like Uber or rent any of your property out through AirBnB or find services that make use of what you’ve already got. After you get your business started and start earning revenue, your lack of startup capital will become less of a problem. You can reap the profits from your venture and re-invest them or use them to start an even bigger business.”
There you have it. The six types of businesses you can start with little to no capital.