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5 Best Entrepreneurial Ideas for Less than $5, 000, entrepreneurial ideas.#Entrepreneurial #ideas


5 Best Entrepreneurial Ideas for Less than $5,000

Have you ever contemplated starting your own business but quickly gave up on the idea, thinking, “I can’t afford it, at least not now”? That’s a conclusion you might come to if the entrepreneurial ideas you’ve been thinking about are franchises or of the old-school bricks-and-mortar variety. There are businesses you can start for less than $5,000, and some for a lot less—like close to $0.

There’s an almost inverse relationship between abilities and upfront capital when it comes to starting a business—the greater your abilities, the less start-up capital you need.

The key to creating a business on a shoestring is to find a way to monetize your skills and expertise, rather than rely on a heavy investment in equipment or inventory.

Here are some of the best business ideas you can start that will enable you to tap your talents and require very little money to get started.

Note: If you already have a car, why not turn that into your business by becoming a driver? This is a tricky business and you have to understand the numbers before you join the ride sharing industry.

Renewable energy expert/consultant

This may be the most exciting business opportunity of all because the future potential is enormous. In addition, since the renewable energy industry is in its infancy, attaining expert status will never be easier than it is right now. You can literally grow up with the industry!

The higher energy prices go, the more this business will prosper. Learn all you can about solar energy systems for homes and businesses, wind power and other energy saving/generating methods and applications, and you can become an expert in no time. Since so few people know anything about the technology at all, you’ll have an open field.

By representing certain manufacturers and installers of renewable energy systems, you may be able to earn commission income in addition to consulting fees.

Cost to enter could run up to $5,000, mainly for marketing and any independent technical training you might need. A higher-end website and professionally designed marketing brochures and business cards will be well worth the investment. Also, licensing may be required in certain states, and there will be a cost for that.

Neal s Notes: If you open a home based business take special care when it comes to your business insurance. Your homeowners policy probably doesn t do the job.

Freelance writer

Just a decade or so ago, the very term “freelance writer” was synonymous with “starving artist,” but times have changed. The internet has created writing opportunities in almost every niche imaginable.

If you have a flair for writing—or just a certain topic you’re passionate about—you may have found a viable business niche as a website content writer. Nearly every website and weblog on the internet needs content, and many are willing to pay someone to provide at least some of it. Become a regular on one site, and opportunities at others can open up without much effort on your part.

E-books are hitting the market by the hundreds every day and present another writing opportunity. Many people have outstanding e-book ideas but no time to write them. If you prefer long assignments to writing articles, this might be for you.

Beyond writing itself, many sites need expertise in proofreading and copy editing to review all the content that’s coming in from various sources. Writing experience and an eye for detail are the main prerequisites, but it wouldn’t be hard to imagine a teacher filling the role either.

Still another area that’s coming on strong is writing scripts for web videos. Marketing on YouTube and other video channels is gaining popularity, and opportunities are opening up for script writers. Get a few under your belt, make up your own YouTube video to pitch your services and off you go.

Cost to become a freelance writer: if you already have a fully loaded computer, it shouldn’t cost anything at all.

Consulting

What is that you do better than most people? Identify that talent, develop a way to market it, and you may be able to start being self-employed sooner than you think.

Right now may even be the best of times to try consulting. Many employers can’t afford full time people in important roles and may welcome the opportunity to bring someone in from the outside to work with them for just a few weeks or months. Price yourself attractively, land your first client, do a good job and your consulting business may take on a life of its own.

Possible areas of concentration can include marketing, sales, management, organization and all things computer and web-related to name just a few. Better yet, study your industry, find out what its biggest problems are, and become the “go-to guy/girl” who can fix it. Think outside the box.

How much will it cost to get started? In many fields, absolutely nothing; in others, no more than the cost of a website and a business license. Use word-of-mouth, networking groups, e-mail, snail mail and even direct calling to reach potential clients.

Home inspector

If you have a knack for home repairs—or if you’re one of the many recent refugees from the construction industry—home inspector could be the business for you. With so many homes being sold as foreclosures and short sales, the need for home inspectors may be greater than ever. You can become an independent contractor and provide this service to established firms. And if you can establish yourself in the current soft housing market, you’ll be well positioned for an elevator ride straight up when the market fully recovers.

Expand your knowledge and expertise of structures, mechanical systems and housing safety conditions, and you’ll be ready to go. Market your services to real estate agents, banks, mortgage lenders and closing attorneys to develop a referral network.

Cost to enter the business: $1,000 to $2,000, mainly for any training courses you may need and to pay for lunches with potential referral sources. In many states, home inspectors are not even required to be licensed, but some sort of business liability and/or malpractice insurance should be seriously investigated.

Property manager

Many people who are very good at real estate investment are not quite as excited by the idea of managing property, and they’ll gladly pay someone else to do it.

The property manager’s function is to act as an intermediary between tenant and landlord. This can include collecting rents and paying bills; marketing, showing and leasing the property; fielding tenant phone calls; sending out repair services; and making sure the property is properly maintained. If you can handle these functions for multiple properties, this might be a business for you.

Start with owners of small investment properties in your immediate area and work up from there.

This is another cost-free business start-up, but a healthy investment in a plan to market your skills to small investment property owners may pay off.

There you have it: five business ideas for under $5,000—if you have the desire, there’s no better time than now to give one of them a try. So, how much does it cost to start a business? Not much if you pick the right one! And money doesn t have to stand in the way of you opening your own shop.


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Disciplined Entrepreneurship, entrepreneurship ideas.#Entrepreneurship #ideas


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Home, Deakin, home based business ideas.#Home #based #business #ideas


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10 November 2017

Nineteen new Deakin-led projects and awards have been announced in the latest round of Australian Research Council (ARC) Scheme Awards.

10 November 2017

Improved empowerment of Indigenous communities around the world will be the subject of Deakin Universityirst ever Australian Research Council (ARC) Discovery Indigenous project award.

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10 November 2017

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Online Home Business Ideas, Legitimate Internet Income Opportunities, lucrative business ideas.#Lucrative #business #ideas


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  • 10 Profitable Paper Business Ideas, Low Cost Manufacturing, lucrative business ideas.#Lucrative #business #ideas


    10+ Profitable Paper Business Ideas | Low Cost Manufacturing

    Are you searching for paper business ideas or small business opportunity in paper industry? The paper industry in India is considered as a profitable and conventional industry. The Government of India has relaxed the rules and regulations and also de-licensed the paper industry to encourage investment into this sector. Joint ventures are allowed and some of the joint ventures have also started in India.

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    #3. Envelope Making

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    #4. Exercise Book Manufacturing

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    #5. File Manufacturing

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    #6. Hand Made Paper Making

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    #8. Mini Paper Mill

    The mini paper mill is an excellent business and one of the most profitable paper business ideas one can initiate with substantial capital investment. In initiating mini paper mill, you should be careful in selecting the location. The raw material for the paper mill is the forest goods. However, you will need to choose the paper mill location carefully. You must have the space nearby the place where you can procure raw materials easily.

    #9. Packaging Box Manufacturing

    Any individual can initiate packaging box manufacturing business as small scale basis. Generally, packaging boxes are the item that is an essential item in the packaging system. Any product requires a packaging before going to the market. The demand is huge and it is increasing. Manufacturing process is also simple. Additionally, you can start this business with small capital and less infrastructure.

    #10. Paper Bag Making

    Paper bag making is one of the most profitable paper business ideas right now. Ban on plastic carry bags creates a huge opportunity for paper bag industry. There is a huge market for all types of paper bags, shopping bags, paper gift bags, brown craft paper and customized gift bags to shopping malls, franchises of companies, and personal showrooms among others. Read More

    #11. Paper Cup Making

    Paper cup making business is one of the most lucrative small scale manufacturing opportunity in India. The paper cup is a disposable item made out of paper and often lined with plastic to prevent liquid leakage or soaking through the paper. Also, you can produce paper cup from recycled papers. And it is widely available throughout the country. In an economically growing country like India, the demand of paper cup is increasing. Therefore, papaer cup making is a lucrative opportunity for the entrepreneurs. Read More

    Nowadays, the household paper products have huge demand. In addition, you can produce tissue paper, facial tissues, paper towels with simple machinery. These are the consumable item. You can initiate the project concentrating one or two allied products. As your business grows, you can make an addition. Household paper product making is one of the most profitable and trending paper business ideas nowadays. Read More

    Generally, paper industry offers a wide range of opportunities for the entrepreneurs. However, you must choose a paper business according to the market demand and your investment capacity. We hope, this list of 10+ paper business ideas will help you to start a business in the paper industry.


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    The Lean Startup, The Movement That Is Transforming How New Products Are Built And

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    How to Start a Rice Dealership Business, Pinoy Bisnes Ideas, best online business ideas.#Best

    How to Start a Rice Dealership Business

    Best online business ideasRice is an important primary staple food in many Asian countries especially in the Philippines. Indicating the high demand for this commodity, planning to put up a rice dealership business in your area is a wise choice. There is already an assurance that this business will succeed because buyers are already there. Of course, in any kind of business, conducting a feasibility study is always a crucial step to take. This will assess the economic viability of your proposed business.

    Here are some important questions to consider before plunging into this kind of business.

    1. Do you have enough capital or budget for your rice dealership business? With at least P60,000 to P100,000 as a starting capital.

    2. Do you want to operate as sole proprietorship or corporation? Business registration guide here.

    3. Do you have a big and safe storage room for the sacks of rice that will be delivered to you?

    4. Do you have a good location for your rice dealership business? Research the area of your target market, the flow of traffic and their buying habits.

    5. Do you have lists of rice suppliers in your area? Make sure you have a lists of several suppliers and make a good relationship with them.

    6. Do you have necessary equipments like calibrated weighing scales, rice sacks etc., and a service delivery (optional).

    7. What varieties of rice do you intend to sell? Make sure to have several varieties of rice, so that your customers will have several options.

    8. How will you market your business? This is also an important aspect especially you are new in this kind of business. Make a good marketing strategy and make your business known to your customers. Make a good deal with restaurant owners, hotels, resorts and small carenderias in your place to be their rice supplier.

    Here are Some NFA Rice Dealership FAQ

    Q: Who are required to secure license from NFA?

    A: All persons, natural or juridical, that are engaging or intending to engage in the rice and/or corn business whether commercial or NFA rice/corn.

    A: Before the start in any of the business activity enumerated above, the proprietor or operator should first secure a license from NFA. For those already license, businessmen should renew their annual license on any day within their scheduled month allotted by the NFA

    A: Application may be filed at the NFA office that has jurisdiction over the location of the principal business of the applicant.

    Q: In case we have more than one (1) store/establishment for Rice/Corn business, should all be licensed?

    A: Yes, owner/operator should file a license for all outlets at the NFA office where his principal place of business is located. Additional outlets are treated as branches.

    A: For new applicants, follow these procedures:

    secure application form from the licensing officer upon payment of application fee;

    accomplish and file application with complete requirements to the licensing officer who in turn checks the documents and determines corresponding license fee;

    pay license fee to the cashier and get copy of official receipt;

    prepare the facilities/equipment requirements for inspection by NFA Investigators;

    after inspection of establishments, present notice of inspection to licensing officer, official receipt and proof of compliance with deficiencies, if any;

    licensing officer issues license if application is found to be in order;

    applicants display license in their establishments.

    Procedures for renewal applicants:

    secure application from licensing officer upon payment of application fee;

    accomplish and file application with complete requirements together with previous year s license to the licensing officer;

    licensing officer checks completeness of requirements and determines license fee to be paid;

    pay license fee to the cashier and present the official receipt to licensing officer;

    licensing officer issues renewal sticker and stick it to appropriate portion of the license if application is found to be in order;

    applicants display licensing conspicuous place in their establishments.

    Q: For New Applicants, how long do we have to wait for the Approval of our License Application?

    A: The establishments and facility requirements of new applicants are inspected by NFA Investigators within 20 working days after the filling of their applications. Those inspected are given inspection notices stating the date when they can return to the NFA to show compliance with any deficiency, if any. Otherwise, their notices state the date they can get their license. In all these cases, it should not exceed 20 working days after inspection.

    A: Application fee is P50.00 for a single line activity and P100.00 for two activities or more. License fees depend upon capacity of the post harvest equipment used.

    A: Documentary and facility requirements depend upon the business activity.

    Q: Does the NFA requires only Licensing on Rice/Corn Business Activities?

    A: The NFA also require the registration of the following facilities aside from the license on the activities mentioned earlier list.

    motor vehicles used or intended to be used in transport/hauling of palay/ rice/corn whether for exclusive use or for hire except public utility vehicles franchised by proper government agencies not principally used for transporting rice/palay/corn;

    warehouses,threshers and sellers for own produce;

    mechanical dryers for owner s/operators exclusive use;

    packaging machines for owner s/operators exclusive use;

    institutions/establishments securing their rice/corn requirements from the NFA;

    poultry and hog raisers securing byproducts from the NFA;

    manufacturers/importers/dealers and distributors of rice/corn post-harvest facilities;

    non-operating mills and other post-harvest facilities. In this case, registration is done only once.

    Registration is done at the office of the NFA that has jurisdiction over the location of the principal business of the applicant.

    Registration fees see separate from that of the license fees.

    Q: In the event that I discontinue my business, what should I do with my License/Registration Certificate?

    A: Surrender your license/registration certificate to the NFA office that issued it together with a written notice of discontinuance.

    Otherwise, in case you reapply, you would be charged with the fees for the entire period that you have not applied for renewal.

    Q: What do you mean by Bonded Activities?

    A: Bonded activities mean third party stocks are deposited in your facilities, for storage, milling, threshing, corn shelling or mechanical drying. Operators/owners of facilities accepting third party stocks are required to post a bond as well as fire insurance to safeguard the stocks of the third party.


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