When you get tired of working for your “uncle”, and your own workplace does not evoke positive emotions, thoughts come to mind about starting your own. Indeed, it would be quite nice to work for yourself, for your favorite business with full dedication. A number of questions immediately arise: “What should we actually do? What kind of business should I open?” are enormously diverse, and I really want my favorite business to bring profit.
We will not talk about the oil and gas business or the establishment of large financial institutions. Let's consider what an ordinary person with a small start-up capital can open. So, we present to your attention profitable types of business available to non-lazy citizens:
1. Services
This is characterized by the fact that you do not need to sell any goods and fool around with the purchase of batches of goods, their warehousing and logistics. Providing services is the most universal type of activity today, allowing you to get maximum results at minimal costs. Let's look at the most profitable of them:
When providing small services, you should remember that the more points around the city with your services, the better for you. And don't forget about advertising. Don’t be greedy to spend money on it, otherwise the influx of new customers without advertising will be very low.
- Craft. The practice of past centuries is again gaining popularity among the population. People with talent for carpentry, sewing, drawing, knitting, turning, cooking and other crafts can turn their favorite hobby into a profitable business. If your work is truly amazing, then in the near future you will be able to make a small fortune for yourself from your hobby. At the beginning of your business, sell your goods via the Internet (specialized websites, social networks, forums) or agree with some store that it will sell your goods for a certain percentage. This type of business will initially bring in a small income, but it all depends on your imagination and efforts.
2. Trade
If you don’t have enough imagination, but you want to be the master of your wallet and destiny, then the easiest way is trading. Before deciding what to sell, it is better to analyze the market to identify competitors and demand for a particular product. Success factors:
- demand for the product;
- availability of suppliers;
- affordable price;
- advertising;
- service;
- convenient location of the department.
This is the easiest to organize; it can pay for itself in a short time. But this will only happen if you choose your area of activity correctly.
In the field of entrepreneurship, the most important thing is to have a great desire to work. And funds can always be found. Therefore, if you decide to remove the shackles of a “hired employee”, then only forward and not a step back!
Any aspiring entrepreneur thinks about how to optimize the income received from running their own business. The question of which areas and areas of business are the most promising and generate income in the shortest possible time with minimal investment always remains on the agenda. After all, no one wants to invest money and waste precious time on a project that is obviously a failure.
Consultants at trainings assure entrepreneurs that any project can be made profitable. But the risks can be significantly reduced if you carefully analyze the needs of the target audience, as well as think through the strategy and calculate the business plan of the intended enterprise.
What you need to know before starting a business
Factors to consider when business planning:
- First you need to draw up a plan of expenses that the entrepreneur’s initial capital should cover.
- The competitive factor must be taken into account. The smaller the settlement, the correspondingly lower the competition and the wider the field for realizing your ideas. But you also need to take into account that the demands of the target audience may naturally be lower in a small city, as well as sales volumes.
- Of course, meeting people's basic needs can be a good business idea for an aspiring entrepreneur. This includes the following areas: medicine, food and household goods, clothing industry and its points of sale. Therefore, opening pharmacies, food, hardware or clothing stores, and hairdressers is a win-win option. Especially in high traffic areas.
- It is better to rely on business ideas and areas of their implementation that the entrepreneur is well versed in.
In order to decide which business is the most profitable, it is necessary to highlight factors determining its “profitability”:
- The speed of return of money plays an important role, because it is more profitable when income from sales is returned as soon as possible from the moment of investment.
- A profitable business should focus on an area in which there is great demand from consumers.
- Profitability, that is, income should increase in parallel with the amount of goods or services sold.
- The low price at which raw materials are purchased increases the profitability of the business.
- Return on assets shows how well the investments were made and whether they are repaid by the profits received.
Small business
To organize a small business you will need minimal labor and financial investments. You can gather a small group of people you know and start renovating, cleaning apartments, or open a budget fast food restaurant, cafe or kiosk selling inexpensive goods, such as hot dogs or soft drinks.
Not so long ago, the most popular business was network marketing, the principle of which was the sale of goods directly from hand to hand without renting premises. Examples of such successful projects are Oriflame or the Forex exchange.
The most promising areas of business
Let's take a closer look at the most profitable areas of business where you can implement a successful business project.
- Satisfying the basic needs of people has already been listed above: food, medicine, clothing.
- An important area in which there is a high demand covers the computer industry and the sale of technology. Installation and repair of computers, sale of equipment are always in demand.
- Plumbing: sinks, bathtubs, toilets. Services for their repair, sale and installation are highly valued in Russia.
- Design services as the most profitable business. People love to be surrounded by things that are not only functional, but also beautifully designed. In demand: logo development, advertising design, PR specialist services.
- Real estate services for the purchase and sale of real estate. The need for housing is also included in the list of basic human needs according to Maslow’s pyramid.
- Another important need is the desire to feel safe. Therefore, alarm installation services and security companies are popular.
- Sales of cars, their repair and maintenance, replacement of spare parts - all this is one of the most profitable business areas. A means of transportation is an important attribute of the life of a Russian in a country with large distances between settlements.
- Education, opening private universities, conducting trainings. Any field of activity has a need for well-trained specialists.
- Brokerage. Stock markets have skyrocketed in popularity in the last decade. An example is the Forex exchange, whose turnover is about 4.7 trillion. American dollars. The profits go to brokers, banks and market makers, that is, the people who organized the exchange, while clients basically lose their money.
Pros and cons of the tourism business. What you need to know to open your own travel agency.
- One of the most profitable types of business in Russia has become the sale of alcohol and tobacco products.
- Vending business. It only requires the cost of purchasing and installing machines that sell coffee or top up phone bills. It does not require large investments and efforts; you only need to change consumables occasionally. Brings passive income.
- Promising areas of business include the development of high technologies, PC maintenance, and programming. Today, Internet business is also actively gaining momentum and is rightfully included in the TOP of the most promising business areas.
- The construction of small forms of real estate remains promising. Corruption in this segment is lower than in others. The demand for spacious housing built according to European standards in Russia is currently very high.
It is worth taking a closer look at online business as the most relevant business in the age of high technology. E-commerce is a type of small business that operates financial and trade flows via the Internet. This type of entrepreneurship guarantees:
- the ability to quickly and dynamically exchange information;
- perform email marketing;
- engage in trading on the Internet;
- convert electronic currency into rubles;
- transfer large sums of money in electronic monetary units;
- use Internet banking services;
- insure your online business;
You also need to take into account the circumstances and time of year. For example, in the summer you can make good money selling air conditioners, and in the winter – heating systems.
The simplest business
Simple types of business are usually not very profitable. These include the following.
- Growing and selling food. Many people have summer cottages where they grow vegetables: cucumbers, potatoes, tomatoes, etc. Further, food products can be sold on the open market, because they will always be in price.
- If you learn how to prepare exclusive dishes, you can sell them through an online store, arrange for the supply of your goods to restaurants or as business lunches in offices.
- If a person knows how to handle children, then you can organize a private kindergarten right at home or in a special room, over time recruit teachers and then receive income from your parents.
In addition to the last point, the sale of children's toys should also be added. Nowadays, hand-made products, made by hand using only environmentally friendly materials, are especially popular. An example is the business of selling paper knitters.
A new, unique and promising franchise. By purchasing it for 59 thousand rubles, the franchisee will have an excellent opportunity to earn big money, as well as devote himself to an interesting and promising business. 
Paperbacks are unique, funny and very cute dolls. They are made from completely safe and very soft material. Children, especially girls, adore these dolls. Paper bags combine simplicity, usefulness and unique attractiveness.
Not every toy can be as simple and interesting as Paper Ties. This ensures great consumer interest in this product, and, consequently, high profits for the franchise owner.
The most unprofitable areas of business, or how to protect yourself from bankruptcy
Perhaps, the sale of book products is becoming an unprofitable area of activity in the era of popularization of the Internet. Of course, there is a need for educational book materials, but almost any other type of book product can be downloaded on the Internet. Therefore, it is more profitable to open an online bookstore, as the owner of the Amazon website did, quickly becoming one of the richest people in the world.
Also, with the increase in computerization and the spread of personal computers, computer clubs are losing their popularity.
But if the business becomes unprofitable, then you can try to fix this by paying attention to the following factors.
- Pay attention to a thorough check of cash expenses and cutting down unnecessary expenses.
- Attracting partners interested in business development.
- Company expense and income reports must be current and accurate.
- Increasing the qualifications and interest of employees.
- Compliance with generally accepted industry standards.
- Preventing the possibility of theft by employees.
- Conversation with employees to familiarize themselves with the problems existing at the enterprise.
- Position in the market, familiarization with similar products presented by competitors, drawing up a new business plan that would include points on which the enterprise can overtake competing companies.
- Development and implementation of a PR company emphasizing the strengths of the business as advertising among the target audience.
- Review of the company's policy regarding the target audience. Conducting surveys to take into account her needs.
- Comparison of price and quality of the company's products. Reducing the cost of goods if they are not related.
- Classification of the client base to develop an individual strategy for approaching each group.
- Accounting audit.
- High protection of company data.
- Investing money in the acquisition of new technologies and production facilities.
- Analysis of structures.
- Flexible social ladder for well-proven employees.
- Reassessment of personnel actions and staff reduction.
- It is possible to reorient the company's activities to more interesting and promising projects.
- If necessary, dividing the company into a part that performs old tasks and a part that will take on new projects.
Conclusion
In order to determine for yourself which business is the most profitable and relevant, and subsequently open your own successful business project, which is guaranteed to earn money in a short period of time, you need to think carefully about everything, plan, taking into account many circumstances and nuances that can radically affect the course affairs.
- You need to decide for yourself in which area it is better to open a business, based on the requests of potential clients, geographic location and the market for the goods presented in a particular region. After all, it is demand that generates supply, and this is perhaps the key factor that will affect the flow of business - a skillful analysis of the target audience for which the final product is aimed.
- You need to focus on promising and simple areas of business development.
- You also need to be able to come up with an innovative solution that can quickly gain a wide customer base and find advantages that will set your business apart from its competitors.
- It is necessary to take care of advertising and promotion of goods. A close-knit team will be an important attribute of success.
Comprehensive consideration of the goals and ways to achieve them is the key to success in building your business in Russia. Small businesses are quite young, and many niches are still unoccupied, and the inexperienced Russian consumer has a wide range of potentially profitable requests.
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Opening your own business is not an easy, but extremely interesting task, and the prospects can be simply exciting. Personal business provides not only a source of income, but also independence, the opportunity to optimally manage your time and resources, and acquire new knowledge and skills.
What business should a budding entrepreneur open? The answer to this question is always individual and determined not only by market and economic factors.
Which business is better to open: selection factors
When starting your own business, you will have to solve a number of problems - both strategic, procedural and creative - in order for the enterprise to start working and generate income.
- Choosing a niche.
First, figure out what kind of business you will open, decide on the industry and market niche. What advantages should your business have to be successful and in demand? What are the features of the chosen business niche?
- Choosing an idea.
After this, you need to develop a business idea, answering the question of what exactly the company will do. A business idea must be practical and promising. Uniqueness is not the main thing for business, but you need to have some kind of zest that distinguishes you from your competitors.
- Marketing strategy.
The company's marketing strategy is based on a business idea. This strategy consists of several components: a basic definition of the company’s direction, ways to attract and retain customers, differentiation from competitors, selection of advertising channels, uniqueness of its products and services (so that they compare favorably with other offerings on the market).
- Ready to fight.
- Registration.
In different countries, the procedures for registering commercial firms vary greatly, and when deciding which small business is best to open, you need to study all the legal intricacies of this process. In the Russian Federation, you can register as an individual entrepreneur or as a legal entity. Think about what would be more appropriate in your case.
- Business plan.
Drawing up a business plan is necessary for everyone who is going to open their own business, regardless of its specifics. It includes the company's development strategy, tactical measures, timing and costs. A properly written business plan allows you to assess the prospects of a company.
From this document it should be clear what start-up capital you need to have to open your own business. In case of force majeure and unplanned expenses, this figure should be increased by one and a half times. If an entrepreneur does not have his own financial resources, you can contact a reliable bank for a loan for the longest possible period and at the lowest interest rates.
- Organization of reporting.
Issues of accounting reporting and document flow should also be thought through in advance. If you do not have the appropriate education, it is better to immediately hire an experienced accountant. This can be done as part of an outsourcing agreement or you can invite one of your familiar accountants to work.
The personality of the business founder largely determines the success of the entire project. In this activity, such qualities as persistence, speed of response, composure, efficiency, high self-organization, energy, and leadership qualities are important. Many great business ideas are stuck at the concept stage because the authors did not have enough strength, motivation and skills to open their own business and persistently develop it. Therefore, at the stage of thinking about which small business is best to open, you need to analyze your own capabilities, psychological characteristics and limitations, and not just market conditions.
In addition to character, important resources of a business leader are his professional skills, knowledge, accumulated experience, and connections. If a person opens his own business in an area where he has already worked for some time and knows the nuances well, this gives him an advantage over less informed and experienced entrepreneurs.
Which is better to open a business from scratch?
All existing types of business can be classified into one of three types:
Production
It does not have to be large-scale, labor-intensive and expensive. It makes no sense for a novice entrepreneur to immediately open something large - a factory, for example - if a small workshop with the most necessary equipment is enough to operate.
Nowadays, the most promising and popular business is the production of unique products: private bakeries and confectionery shops, craft breweries, production of designer furniture, creation of unusual accessories and decorations. Such a business does not require huge start-up capital, but the knowledge and skills of the entrepreneur and those he recruits into his team are very important - professional skills, creativity, and management competencies. Of particular importance for those who plan to open such a small business is the choice of a business niche and research of the market situation.
Services
They are divided into tangible and intangible. The first category includes, for example, education, catering, hotel business, passenger transport, construction, etc. You can open such a business only if you have a certain starting capital. But intangible services do not require special financial investments. This includes consulting in various fields, design, tutoring and coaching, hairdressing and manicure services, minor repairs of things and household appliances, etc. For those who have professional skills in any field, it makes sense to think about opening their own small business. business (another option is to hire qualified personnel).
Trade
Trading activities vary in scale: wholesale and retail. What type of trade is best to specialize in when opening a private business is a difficult question. You can get good profits in both cases if you organize business processes correctly. But in terms of investment, wholesale trade is more expensive.
In a situation where an entrepreneur has very limited capital, but wants to open his own business, the optimal solution would be intermediary activity in trade and services. There is no significant investment required from the dealer or distributor. By choosing an area in which you already have some knowledge and experience, a businessman not only combines work and hobbies, but also turns out to be better prepared to run his business than someone who is mastering a completely unfamiliar field of activity.
So, for example, it is best for a person with a diploma in low-temperature equipment engineering to open a business such as:
a manufacturing company that produces spare parts and components for the installation of refrigeration units;
a store selling ready-made refrigerators and spare parts for them, auxiliary equipment;
mediation and consultation in the field of procurement of complex and large freezing installations for industrial facilities;
providing the services of a repair and installation specialist for refrigerators or opening a corresponding company.
In these cases, the businessman will at least enjoy his activities. And knowledge and understanding of the chosen area will make it possible to obtain high profits in a relatively short time.
If an entrepreneur is going to open a business for little money, then in large cities and developed regions this will be difficult to do due to fierce competition. Entering the market and building a regular clientele will require much more money than creating a similar business in smaller cities.
By opening a business in a small town, you get the following advantages:
low cost of renting premises for an office, store, workshop, etc.;
lower costs for staff salaries;
the opportunity to have no competitors at all in the chosen niche and set prices for your goods and services as a monopoly.
But there are, of course, disadvantages of doing business in small towns:
low influx of customers due to limited traffic;
profits are stable but small;
It is difficult to find personnel, since many ambitious and highly qualified workers strive to go to work in big cities and the capital.
Therefore, before opening a private business in a small locality, carefully compare all the pros and cons of this decision and its prospects for you personally.
10 ideas on which business is better to open
1. Online store.
Online trading is currently experiencing a period of rapid development, and the most popular type of startup is an online store. The display and sale of goods takes place on the store's website, and then they are delivered to customers using courier services or mail. More and more people, especially middle-aged people, are interested in shopping in online stores, and those who are planning to open a business selling any goods on the Internet have the most encouraging prospects. This format of stores does not require sales floors, but depends entirely on the performance of the site, its usability and promotion in search engines.
In order to open an online clothing store for women or children, you will need a starting capital of 200 thousand rubles, which will go towards:
development, content, support of the site;
salaries for administrators (and, possibly, couriers, if they are part of the company’s staff);
perhaps renting a warehouse;
purchase of products and their transportation.
For stores selling clothing and knitwear, business profitability reaches 20–25%. If you purchase goods worth more than 200 thousand rubles monthly, you can expect a net profit of 40 thousand rubles. Provided that the store is actively promoted, a competent assortment policy and successful selection of suppliers, such a business will pay off within 4–6 months from the moment it was opened.
2. Street fast food.
Another popular type of small business is a small stationary retail outlet engaged in the production and sale of drinks and fast food dishes, primarily closed and classic sandwiches according to original recipes, coffee, etc. This type of fast food differs from the usual shawarma and hot dogs in its high quality and wide range, unusual ingredients and recipes, targeting lovers of a healthy lifestyle and vegetarians. During a crisis, the revenues of cafes, restaurants and other traditional catering establishments fall, but fast food is gaining momentum, and many entrepreneurs are opening just such a business.
It is best to locate points selling street fast food in places with large crowds of people and high traffic: near transport hubs, train stations, shopping centers and markets, educational institutions. When opening a business selling fast food, stock up on starting capital of at least 275 thousand rubles for renting retail space, purchasing premises (which can be a pavilion or stall, or a mobile trailer), purchasing equipment (heated display cases, refrigerators, ovens, coffee -cars, etc.). With a daily turnover of about eight thousand rubles, the monthly revenue of a fast food outlet will be up to 240 thousand rubles, and with a profitability of 30%, the business will pay for itself in less than six months of operation.
3. Outsourcing company.
This type of business consists of providing third-party firms with various services for a fee: legal support, accounting and financial management, technical support in the IT field, using a call center to receive orders. Outsourcing as a type of business is relatively new; its market is in its formation stage. During the crisis, more and more outsourcing firms are opening, since it is more difficult for companies to maintain all the necessary specialists on their staff, and the need for their services has not disappeared.
In order to open an outsourcing company, you need a starting capital of 550 thousand rubles. The main costs at the first stage consist of:
searching, hiring and paying for the services of qualified specialists in the chosen field;
renting an office in the city center or another easily accessible location, renovating and purchasing office furniture and everything necessary for work;
The main thing in outsourcing is high quality and completeness of the services provided, compliance with deadlines, and responsibility for the result. As a rule, outsourcing companies do not have a single approved price list, since the cost of services is determined individually in each case and is specified in a special agreement with the client.
4. Canteen-catering.
A catering enterprise in the format of a city canteen is a more expensive and complex business than a fast food outlet, but in the long term it is much more profitable. Budget canteens are in steady demand among various groups of the population, from students and workers of nearby enterprises to tourists passing by (if the canteen is located in the city center or near attractions). Even with the high saturation of the market with such catering establishments, canteens still provide a stable profit. The choice of premises plays a very significant role in this business: in addition to a good location, it must meet a number of technical, hygienic and other requirements.
The start-up capital required to open a canteen will be approximately one million rubles. This money is needed for:
renting premises, renovating them, decorating halls for visitors;
selection, training, payment of personnel;
acquisition and installation of necessary equipment and furniture.
The most successful option is a canteen with a capacity of 50 people (however, it should be taken into account that full occupancy is possible only during certain hours of the working day; at other times it will be much less). In a year of stable operation, such a business will pay off when it reaches a daily income of 25 thousand rubles (excluding overhead costs), and this is possible with an average check of 200–300 rubles and a traffic rate of 50–60%.
5. Prefabricated structures.
This business idea is to build turnkey wooden frame houses. Such buildings are in great demand among representatives of the middle class who want to have a country house or cottage in nature. The full construction cycle of a frame house is only a few months, and the cheap materials used for the construction of such an object make it a very profitable investment.
You can open a business for the construction of frame houses if you have a starting capital of 500 thousand rubles or more. The main expense items when launching such a business project will be:
opening one or more offices (for receiving orders, communicating with clients, drawing up contracts for the purchase of ready-made frame structures);
selection, training of construction teams, wages for them;
purchase of necessary tools, construction equipment, equipment;
hiring office employees, paying them for their work and expenses for maintaining offices;
The profitability of this type of business depends on the cost of materials used to build each house. The average cost of 1 m2 of living space in frame houses is usually 30–40 thousand rubles, and the market price of each such meter is 70 thousand rubles. That is, the entire townhouse or cottage will cost the buyer approximately two million rubles. Just two completed projects are enough to recoup the initial costs of this business.
6. Salon.
Small hairdressing salons of the low and medium price segment, providing a full range of services, are in stable demand among all categories of the population in large and medium-sized cities. When opening such a business, you should strive for high-quality service, building good relationships with clients (so that people want to come to your hairdresser again and again) and maintaining prices at an affordable level. The most suitable places for hairdressers are residential areas with a large number of residents, near shopping centers and main transport hubs - bus and tram stops, metro stations, etc.
In order to open a hairdressing salon, you need to have a starting capital of 300 thousand rubles, which will be required to pay rent for the premises, purchase furniture and equipment, consumables, to decorate the premises and launch advertising, as well as to hire craftsmen and administrators.
This type of business provides opportunities to generate additional profit through:
subletting the premises or part of it to representatives of related professions - manicurists and pedicurists, makeup artists - to attract clients;
leasing some jobs to third-party hairdressers (instead of hiring our own staff).
A small hairdressing salon, where the average bill for services is 250 rubles, and about 16 clients are served during the working day, all other things being equal, pays for itself in a year and a half. And if the list of services expands, and the company actively carries out marketing activities and uses all advertising channels, then this will happen even faster. The planned profitability in this case is expected to be 29%.
A similar type of business is a beauty salon. If you open it in the smallest size - like an office of a beauty service specialist at home - then the initial investment will be only 30 thousand rubles (for completing training courses, purchasing all the necessary cosmetic devices and equipment, advertising your services).
If you already have professional training in the field of haircut and styling, makeup, manicure, pedicure, eyebrow correction, hair removal, etc., the first step to creating your own business should be to gain experience and a portfolio. To do this, you can first practice for free on your relatives and friends, and then create your own group on a social network and offer your services for a small price.
The popularity of this business format is due to the fact that during a crisis, large beauty salons only increase their prices, and private hairdressers who go to clients’ homes to prepare them for important events (weddings, holidays, etc.) or host them, provide the same services for much less. After all, they don’t have to pay rent or share profits with the owner.
For private craftsmen, informal advertising channels are relevant - recommendations, word of mouth, social networks. More expensive platforms for advertising your services include wedding magazines and Internet portals.
7. Pharmacy.
People will need medicines always and everywhere, so opening a stationary pharmacy to sell medicinal products at retail is a very promising business idea, even with high competition in this market niche. It is best to open such a business in residential areas near metro stations and other transport hubs (train stations, public transport stops) or near large supermarkets, choose a discounter format and rent a small space for a pharmacy.
In addition to location, the success of this type of business is greatly influenced by the pharmacy’s pricing policy and the reliability of suppliers. That is, profits in this case are determined by turnover. Sales of hygiene and cosmetics, baby food, and medical equipment can become an additional source of income. In addition, legislation allows sellers to set high markups on certain groups of medicines.
As for start-up capital, a novice entrepreneur who wants to open a pharmacy will need at least half a million rubles. In addition to financial resources, you will need:
qualified personnel;
non-residential premises with all pharmacy equipment;
established relationships and agreements with wholesale suppliers of medicines.
8. Children's thrift store.
The essence of this business idea is to open a small store that accepts high-quality children's goods from customers for sale and resells them at a price that includes the seller's commission. Such stores are actively gaining popularity and more and more of them are opening, as children grow up and constantly need new clothes, shoes and household items, and many families are forced to save money and cannot afford to buy all this in regular stores.
In order to open such a business now, you will need a starting capital of about 300 thousand rubles. This amount will be spent on renting, decorating and equipping the retail space (purchasing furniture, stands, equipment, creating a colorful sign or showcase), and wages for employees. However, if this is a family business, then you can save money on hiring salespeople and other staff. Advertising a store and maintaining its groups on social networks will require some financial investments, because you will need to constantly attract sellers and buyers. But you won’t have to purchase goods from wholesalers.
The most suitable places to open a children's second-hand shop are densely populated residential areas, houses near kindergartens, clinics, and grocery stores.
The optimal level of profitability for such a business, according to economists, should be 12–15%. Based on daily turnover of 15 thousand rubles, net profit per month can be up to 30 thousand rubles (after deducting all expenses).
9. Training courses, tutoring.
Tutoring has always been relevant, even in the most crisis periods, and especially after the introduction of the Unified State Exam. Not all parents can afford to pay for a language school or special courses to prepare their child for the Unified State Exam, but the services of a private tutor are quite affordable (especially if the training is not conducted individually, but in small groups).
In addition to preparing schoolchildren for exams, there are also a huge number of educational courses, trainings and seminars for adults. To open your own business in this area, you don’t have to spend money on renting premises, etc. - you can create online courses or conduct separate training events by renting suitable sites for a few hours. However, such a business will require investment in advertising.
10. Fixed price store.
For a business selling cheap consumer goods, the crisis became a catalyst for success. Consumers are saving more and more, and the “fixed price” format is attractive precisely because of its low prices. The assortment of such stores may include food, small household goods, and cosmetics.
There are two options for starting such a business: open a store on your own or buy a franchise. Start-up capital is required in the amount of at least 700 thousand rubles, which will be spent on:
payment for rent or sublease of premises;
purchase of commercial equipment;
purchase of the first batch of goods;
staff salaries.
For retail outlets, location plays a big role. It is better to open a business in places with a large flow of people.
You can purchase goods from China (if you do this directly, the cost will be record low).
As you understand, there are a lot of options for private business. Let's highlight the most relevant and profitable ones:
A comparison table showing which business is better to open:
|
Direction |
Description |
|
Essential services |
These are all services that are constantly (or at certain points in life) required by every person: transport and transportation of small cargo, courier delivery of products, purchases and documents, maintenance and repair of household and office equipment, beauty industry (hairdressers, nail salons), catering, ritual services, repair of shoes, watches, etc. They will always be in demand |
|
Agriculture |
If you have a plot of land at your disposal, you can use it for agricultural work: growing vegetables and fruits, raising livestock, beekeeping. In order to succeed in agriculture, you need knowledge, experience and a certain character. Year-round cultivation of plants in greenhouses will require special equipment |
|
Remote work via the Internet |
Through the Internet you can provide services in the field of design, programming and web development, consulting, marketing and promotion, and recruitment. These business areas are among the most modern and in demand on the market. |
|
Work from home |
Having any professional skills, for example, tailoring, making accessories and furniture, makeup, hairdressing and manicure services, cooking, hosting events, coaching, etc., you can open your own personal business |
When choosing which business is best to open, you should start, first of all, from your capabilities (financial, intellectual, professional), and secondly, from personal preferences and hobbies.
In order not to make a mistake in choosing your own business, you will need to study a large amount of information about the market. We advise you to start with the rating of growing foreign trade commodity markets "TOP-200 best goods for import and export", prepared by specialists information and analytical company "VVS". Our company is one of those that stood at the origins of the business of processing and adapting market statistics collected by federal departments. Main client categories: exporters, importers, manufacturers, participants in commodity markets and B2B services business.
commercial vehicles and special equipment;
glass industry;
chemical and petrochemical industry;
Construction Materials;
medical equipment;
food industry;
production of animal feed;
electrical engineering and others.
Quality in our business is, first of all, the accuracy and completeness of information. When you make a decision based on data that is, to put it mildly, incorrect, how much will your losses be worth? When making important strategic decisions, it is necessary to rely only on reliable statistical information. But how can you be sure that this information is reliable? You can check this! And we will provide you with this opportunity.
The main competitive advantages of our company are:
Data accuracy. The preliminary selection of foreign trade supplies, the analysis of which is carried out in the report, clearly coincides with the topic of the customer’s request. Nothing superfluous and nothing missing. As a result, we receive accurate calculations of market indicators and market shares of participants.
Preparation of turnkey reports and ease of working with them. Information is quickly perceived, since the tables and graphs are simple and understandable. Aggregated data on market participants is compiled into ratings of participants, and market shares are calculated. As a result, the time spent studying information is reduced and it is possible to immediately move on to making decisions that are “on the surface.”
The customer has the opportunity to receive part of the data free of charge in the form of a preliminary express assessment of the market niche.
This helps you navigate the situation and decide whether it’s worth studying deeper. We give you the opportunity to find a solution in time - not to be confined to your product, but to discover profitable new niches.
Professional consultation with our industry managers at all stages of the transaction. We are the creators of this niche of export-import analysis based on customs statistics; our almost 20 years of experience is the key to effective cooperation.
Often people, when deciding to open their own business, believe that their own business is the only opportunity to achieve financial solvency and build a life in accordance with personal goals.
However, some of them, when deciding which business is best to open, act spontaneously, without in-depth study of the subject of the future type of activity. Even despite some luck at the initial stage, it must be remembered that this phenomenon passes quite quickly.
Conditions for the strength and stability of the planned business
When considering the question of which area is best to open a business in, you need to remember to create, first of all, a good foundation. Let us dwell in more detail on the basic principles of its formation.
So, the first condition is the fact that any business that the future entrepreneur is going to do must be liked. In this case, he is his own master, and no one has the right to force him to work.
The second point is its deep study and constant improvement of the acquired knowledge.
The third point is that you don’t need to get carried away with large financial investments at the initial stage. Your own business must be developed step by step using the profits received. In its absence, you need to once again decide for yourself which business is best to open, or maybe abandon this idea altogether.
Among the main industries in which you can quite successfully develop your own business are trade, services and manufacturing.
Trade
Trade is now quite widely represented in the services market. We can say that this is one of the most numerous sectors of the national economy in terms of the number of economic entities.
Depending on what type of business you plan to open, you can draw appropriate conclusions about the size of the initial costs.
So, for example, if a future entrepreneur is a fairly successful sales representative of a large company and can sell snow even in winter, then in this case you can think about opening your own business in this area. However, it must be remembered that this area may require slightly more funds than, for example, production.
When considering the question “which business is better to open for little money?”, you can find quite economical options. These types of business include network marketing. Especially if an entrepreneur wants to carry out activities without leaving home. Of course, you need to remember that network marketing requires some effort, dedication and willingness to learn. However, the most important point in this type of business is the correct choice of the company whose products the entrepreneur will distribute.
Network marketing: nuances of carrying out activities
You can focus on this type of activity when deciding the question “which is better to open a business from scratch?” Indeed, such a business does not require huge costs at the initial stage. However, there are some features of the activity, thanks to which you can consistently receive a good income.
Firstly, is a product characterized by unique properties and has proven itself in the relevant market. The best option is to choose products that have an affordable price for the majority of the population and can quite successfully replace a more expensive analogue.
Secondly, a so-called compensation plan must be developed. In this case, when deciding the question “which business is better?” it is necessary to put profitability first and avoid various matrices with a complex structure and other schemes that may limit the amount of earnings.
Third, the required amount of the founding fund. Its size speaks of the founders’ confidence in success and their focus on fruitful work.
Fourth, working with potential clients. Their search is carried out among friends or family members. However, the most progressive technique is online marketing.
Which small business is better to open to provide services?
The service sector is a bonanza for this sector of the economy. It requires minimal financial investment. Among such services to the population are the following:
- cleaning clothes;
- repair of shoes, equipment, as well as apartments and plumbing;
- delivery of products;
- cleaning entrances, corridors and apartments;
- mediation in the field of real estate.
Such enterprises can carry out work on cleaning premises and territories, delivering hot lunches, decorating premises for a holiday, printing documentation and creating websites.
Manufacturing sector
Until recently, production was associated with large factories and factories. Modern production of products can be carried out without large investments and in the presence of premises of minimal size. At the same time, at the initial stage you can save significantly by not buying equipment, but by renting it. Therefore, when deciding in which area it is better to open a business, this option is the most suitable.
However, before starting any business, it is necessary to carefully calculate its profitability, the required number of employees, and also study the legal framework of this industry.
Among the main concerns in production activities are the supply of raw materials and the sale of finished products. The following types of products are manufactured in modern small-scale industries:
- components, parts and semi-finished products, according to orders from other partner companies;
- accessories for furniture and clothing;
- furniture;
- hats, clothing and shoes;
- equipment for sports grounds;
- bakery products.
This list can be continued, but the main thing is that before starting an activity, all possible information should be studied and everything should be thought out, down to the smallest detail.
Organizing a business in a small town
A small town is characterized by fierce competition, insufficient clientele and relatively meager income.
Therefore, when deciding which business is best to open, several conditions must be met:
- Make sure that the planned business does not require a significant number of highly qualified personnel. For example, you can set up a software development company in a small town, but it will be very difficult to find good programmers.
- Make sure that the future business does not have a narrow focus. An example is shops selling exclusive tea. So, if they are successful in big cities, then in small cities they are unlikely.
- Make sure that the chosen type of activity will not raise questions for the entrepreneur; it should be understandable and interesting.
Advantages of starting a business in a small town
Among the certain disadvantages of starting your own business in a small town, there are also some advantages.
So, when deciding which business is best to open in a small town, you can take into account such a positive point as the uselessness of large start-up capital. This becomes possible thanks to low prices for renting premises. Also, employee salaries will be slightly lower compared to salaries in a large city.
Outsourcing activities: an excellent business option
Outsourcing activities, which involve fulfilling orders from large partners from various cities, can be a fairly profitable business. Especially if we are talking about a small locality, and most expenses will be kept to a minimum.
Basic business ideas for Moscow
When deciding which small business is best to open in Moscow, you still need to turn to the trade sector. Indeed, you can sell anything. To optimize such activities, the most convenient option is a store.
It is best to choose clothing, food and other necessary goods as objects of trade. If the financial capabilities are sufficient, then the best solution is to open a small department store where you can present a wide range of different goods.
However, opening a cafe or restaurant would be a win-win option. There is very high competition in this service sector, but with a properly drawn up program of action and making the right decisions, such a business can be considered quite profitable.
Due to the fact that Moscow is a metropolis, where there is a constant shortage of organic food, organizing a farm would be a great idea.
The past year has been difficult both for businessmen and for all other citizens of our country. The income of the population has decreased significantly, so many people began to think about starting their own business. In this article we will figure out what is profitable to do in a small business in 2018. We offer you some interesting ideas that will help you survive in difficult economic conditions.
Thermal printing on fabric
Many young people try to choose things that will help them stand out from the crowd. In this regard, T-shirts with various interesting inscriptions or images are very popular. If you're wondering what's profitable for a small business during a crisis, try providing thermal fabric printing services.
To open such a business, you need to rent a small room and purchase special equipment:
- A printer;
- Special ink;
- Paper;
- Heat press.
Since the technology of thermal printing on fabric is quite simple, you do not need any special knowledge or skills. You will spend approximately 1 thousand dollars on equipment. The profitability of this business is quite high, so the initial investment will pay off in the shortest possible time.
Catering
Organizing outdoor banquets, buffets and other events brings good profits in any economic conditions. This service is gaining popularity because by using it, consumers have the opportunity to freely choose the location of a banquet or party.Catering differs from regular delivery in that the company provides the customer with a full range of services for organizing a festive event, which includes:
- Interior decoration;
- Furniture delivery;
- Table setting;
- Audio equipment;
In our country, the catering market is approximately half developed, so if you don’t know what kind of small business is profitable to run now, try your hand at this area. You have every chance to find your niche in the market and achieve great success.
Payment terminals
There are many different options for what profitable business you can do during a crisis. One of them is payment terminals. This type of activity requires certain capital investments. Money will be needed to purchase equipment and rent space. After you install the terminals, they will generate passive income for you.
In order for a business to bring a decent profit, you need to find the right place to install the equipment. Sometimes you have to change several points to find the right option. Payment terminals allow you to earn money practically from scratch, so they look very tempting for beginning entrepreneurs.
Online store
When it comes to what kind of small business is profitable to run during a crisis, experts advise paying special attention to the Internet. This is a fairly promising direction that allows you to get good profits without large investments.
As you can see from practice, you can earn much more on the Internet than in real life. For example, if you open a regular store, its customers will be people living on the neighboring streets. If you trade on the Internet, the goods can be sent to any region of our country and even abroad.
The simplest and most affordable option is dropshipping. To make a profit, you just need to find an inexpensive product in a Chinese online store, negotiate with the seller and resell it on your website or on social networks. Such a business will not take up much of your time, so you can do this business without quitting your main job.
Farming
Let's figure out what kind of business is profitable for the whole family? The most common type of family business is your own farm. People who live in rural areas can engage in growing various crops, animal husbandry or poultry breeding. In addition, you can get a little help from the state to open such a business.If you are interested, try starting your own farm. Natural food products are always in great demand, so your business will thrive even in a crisis.
Pasta production
Ask any grocery store clerk, what do consumers buy every day? In any city the answer will be the same - pasta. This inexpensive, tasty product can be found on the table in almost every home. During a crisis, the demand for pasta increases significantly, so an enterprise producing such products will flourish in difficult economic conditions.
Are you thinking about it? Opt for pasta production. To implement such an idea, you will need premises and, of course, equipment. It is advisable to purchase an automatic production line that produces up to 150 kg of finished products per hour. You can sell pasta to supermarkets, catering establishments and wholesale centers.
Grocery store
The demand for food never falls, since no person can live without food. Can't decide what kind of business is profitable to run now? The most affordable win-win option is opening a grocery store. Of course, in order to make a good profit in a crisis, you need to carefully develop your assortment. Offer consumers everyday products at affordable prices, and your store will always have a lot of customers.
In addition, do not forget about various bonuses and discounts. Thanks to this, customers will visit your outlet. During a crisis, some businessmen begin to save on advertising and make a big mistake, because their clients go to competitors who do not skimp and advertise their products on a grand scale.
Pharmacy
This area of activity comes in second place after food in the list of ideas on what small businesses are profitable to run during a crisis. People get sick in any economic conditions, so various medications are in great demand.
To attract more customers to your pharmacy, you should replace some of the expensive imported drugs with domestically produced drugs that cost much less. During a crisis, many people begin to save money, so they switch to cheaper medicines. You must definitely take this important point into account.
Second hand
In the current crisis, it is difficult to determine what kind of business is profitable to engage in in order to be guaranteed to receive a good profit. The main problem is that in such economic conditions the solvency of the population sharply decreases, so the demand for expensive products falls. But there are categories of goods that a person cannot do without. These include personal hygiene items, food and clothing.
To update your wardrobe, you need to spend a lot of money, so many citizens of our country, in order to save money, began to buy used items, that is, second-hand. The main clients in such stores are pensioners, students and citizens with low incomes. If you open a second-hand store in a residential area or on a busy street, it will bring in a good, stable income.
Accounting services
During a crisis, business owners pay special attention to the financial condition of the enterprise. To stay afloat, they hire experienced accountants and economists to help them make important financial decisions. Since the services of such specialists are very popular, companies providing them receive a good income.
This type of activity is perfect for those who are wondering. To get started, it is enough to hire several specialists and conduct an effective advertising campaign. If you do it right, over time, a small company can grow into a large consulting firm.
Educational courses and tutoring
Caring parents never spare money for the education of their children, so various educational courses and tutoring bring good profits even during a crisis. You can organize general education courses for high school students to prepare them for entering higher education institutions or open a development center for preschoolers.
Some aspiring entrepreneurs doubt whether it is profitable to do business in difficult economic conditions? Experienced businessmen know how to extract their benefit from any situation. If you approach organizing your business seriously and responsibly, it will definitely bring you good profits and moral satisfaction.
Auto repair shop
Can’t figure out what kind of small business is profitable to run now? Open a car repair shop. This is a fairly profitable and promising option, since during a crisis people are in no hurry to buy new cars, and old cars often need repairs. It is difficult to do without the help of experienced craftsmen in this matter, so car owners have to contact a car service center.
You can open a car repair shop from scratch in your own garage. If you are not constrained by financial means, buy an existing car service and get to work. In this case, you can save a lot on advertising.
