Starting a business can be a fantastic experience, but it often requires a large amount of capital to start. Young, black entrepreneurs may not have access to the amount of money needed to get a business up and running. However, several cheap business startup ideas can get you started with your entrepreneurial ambitions with very little initial capital investment required.
Startup Ideas for Young, Black Entrepreneurs
Online Businesses
Starting up a business online requires very little capital because all you need is a well-designed website and a good business idea. There is a multitude of opportunities that await you online. You can start a search engine optimization service, sell products on eBay, and market products through online affiliate programs.
While online businesses are very cheap to get up and running, make an excellent investment to create an attractive website. A well-designed website is essential to attracting potential customers to your products or services.
Virtual Assistant
Many businesses need the services of a secretary, but cannot afford to hire one full-time. Virtual assistants usually work on a variety of small tasks for multiple small businesses. If you have a manageable schedule, this might be an excellent choice for you.
Many online freelancing websites are available where you can advertise your services to prospective customers. Being a virtual assistant requires very little capital and involves very few risks, making it an excellent choice for young entrepreneurs.
Event Planning
Weddings, family reunions, class reunions, and business conferences occur every day all around the country. All of these events require solid planning to be pulled off successfully, and an event planner can provide this service. If you are a highly-organized person who understands how to arrange a successful event, this job might be right for you.
Young entrepreneurs can create their website or advertise in freelance postings to offer their services. This requires only a little bit of money, and it can be started in very little time.
Pet Businesses
Americans spend an immense amount of money on their pets. With a little bit of startup money, you can have access to a large customer base. If you know how to groom animals, you can spend a little money on the necessary equipment, and you are ready to care for customers’ pets quickly.
People also pay to have their dogs walked, which is also great for young entrepreneurs. All you need is a little advertising for your services, and you can be making money quickly and easily.
These are several cheap business startup ideas that can get you started with a successful business quickly. All you need is a modest amount of money, an entrepreneurial spirit and a healthy amount of determination to pursue your entrepreneurial goals. With all of these opportunities, you can start making money in no time.
Jeff Shuford
Jeff Shuford is a nationally syndicated columnist whose monthly column appears in more than 44 regional newspapers. Shuford is one of fewer than five millennial African-American syndicated columnists in the United States, and one of the country’s youngest syndicated columnists overall.