Do you have limited capital, but very anxious in investing? I want to list some of the business ideas you can venture in and grow yourself into a successful business man or woman. If you are a student in campus or do stay around its environment, then one of these tips may just work for you.
In the past years, I noted that doing business in campus is the most rewarding experience you would ever have. It brings out an entrepreneur in you besides offering you a huge clientele base. Additionally, given that the clients fall in the same age group (comrades), it is easier to tailor your services or goods to match their specific tastes and preferences.
If you are a student yourself, that is a bonus since you know what kind of a service or good a ‘comrade’ will always want. One of the most defining characteristics is that they usually have a taste for affordable but trending merchandise, be it clothing or gadgets. With a lot of spare time at their disposal, your customers in campus are always looking for something to keep them engaged during this spare time.
Below are some of the smartest legal business ideas that you can do with a minimal capital;
- Make up and general cosmetics business
- Khaki business
- A movie shop
- Selling concert tickets
- Coffee business
- Salon business
- Selling blended juice
- Ice cream business
However, before embarking on choosing your business idea, you should have to ask yourself a number of questions;
- What is your business goal? Both short term and long term?
- What is your locality?
- What kind of resources do you have at the moment that you can use to boost your potential business?
- How is your time schedule?
- Do you have additional sources of financing just incase things don’t go as planned?
With those in mind, go on and draft a comprehensive plan which will be a guideline to making your idea materialize as planned. This will act as a reference document that you’ll need to check on at regular intervals to confirm that they are on the right track.
We realize the importance of having a good business plan and soon I will take you through;
- A comprehensive business plan
- Its importance
- How to improve your revenues and profits
Author: Edwin Simiyu
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