The entrepreneurial spirit has no age If you are young and want to start now in the business world, having little or no money is not a limitation.
Anyone would think that people like Jeff Bezos they started their career with big venture capital investors behind them, some big inheritance, or a lot of luck.
However, Jeff Bezos’ first job was as employee of a McDonald’s. When he founded his company he barely had a small office. And by the way, Amazon only sold books.
With this we just want to encourage you and tell you that it is possible. For this, today we share 5 business ideas with little money which will guide you to get started. Can you come with us?
5 business ideas for young people with little money
1. Coaching for companies
Have you ever seen the program “Rescue my restaurant”? In it, chef Robert Irvine dives into decaying restaurants with the sole aim of making them thrive again.
However, one aspect that strikes me when watching your program is that, beyond the work team, culinary knowledge or administrative skills; his focus is on coaching.
Why? It’s quite easy: companies are made up of people, from managers to the last employee in the operational line. And as people, they are faced with emotions, problems and concerns on a daily basis.
At least in the program, the most surprising thing is that everything starts with the direction. By the business owner or owner. They are the ones who most need a coach who can guide them on the path to success.
That is why being a coach for companies is increasingly important, and you can train for it now. This makes it one of the best business ideas for young people with little money.
If you want to know more about this, a program that can help you is the EGM modelwhich is based on strengthening three stages of the business:
2. Personal blog
Do you have any idea of a business that you can start with less than $30 investment? I will tell you that very few. However, blogs are one of those few.
This does not mean that you can become a millionaire or millionaire in your first year or in your first personal blog. Even so, perseverance can lead you to have all the success through your website.
Now, the fact that it is a business to start with little money does not mean that you do not have to make a great effort and invest a lot of time in:
- Learn to attract traffic and retain your audience.
- Define your niche.
- Develop technical skills: administration of a server, CMS, etc.
- Monetize.
People like James Clear, the author of Atomic Habits (one of the best selling books in the world for the last 2 years) started his career with a blog talking about habits. Today he bills more than 250k dollars every 3 months, just from the sale of his book.
3. Service companies in your area
Everyone knows someone who does some trade. Perhaps you yourself have a service skill that is monetizable in your locality.
It is true that many blogs will recommend you offer digital services, in different parts of the world. But it is also true that there is more competition.
Instead, offering a business in your locality can start with zero investment. You only need:
- Define what service you will offer.
- What are your costs (time and materials)
- Define if you will offer the service yourself or need to recruit more people.
- Find out how to make your company known among the locality.
Some services you could offer are:
- Plumbing.
- Paint.
- Mobile phones repair.
- massages.
- Nail spa.
4. Food / lunch for companies
Many companies offer their employees the benefit of lunch within the company. Most of these companies outsource these services to other companies.
If you are good at cooking, you can start this business with little money. Clearly you must have a good menu and your food must be excellent. But you don’t need an industrial kitchen in principle.
You don’t need excessive labor either. You can even start this business with a friend or family member.
To start you only need:
- Find your first client.
- Have a capital to face the expenses of the first month.
- Have the necessary implements (kitchen, ingredients, containers, etc.).
- Develop your brand.
5. Creator of audiovisual content
This is another of the best business ideas for young people, since communication is democratized. If 30 years ago you wanted to show and communicate how they live in an indigenous community in some locality, you had to contact a television station.
Bureaucracy, filters and folders. That was the barrier you had to pass.
Today is different: you can communicate what you want. And public you will always find. Thanks to platforms like Youtube, Instagram and Tiktokyou will always have a window to the world to communicate visually.
The initial cost is quite low: just a camera or cell phone with medium high quality and skills to edit your own videos.
From there, success is entirely up to you.
final recommendations
The idea is not the most important thing. Although today we present 5 business ideas for young people with little money, the most important thing is your ability to learn, develop and grow as an entrepreneur.
We encourage you to start with any of these business ideas for young people and tell us how it went in the comments.
Thanks for getting here!
And remember, if you are really interested in creating your own business, you can read our book “How to create a company while working: Discover how to manage your time, manage your money and motivate yourself while creating a company and working for another” , where you will find all the information you need to found your own company, without having to leave your job.
