Connect with us

Business Ideas

Names of Business to Inspire You (+ Free Brand Name Generator Tools)

Published

on

names of business
pexels.com

So you have a great business idea and are looking to bring it to fruition but you do not have a good name yet because to come up with a great name of business is no mean feat. The name of business you choose can go a long way in boosting your confidence and brand image, not to mention attract people to your business. It is therefore very important you pay the necessary attention to it.

In this article, using a five-step approach, we will be discussing how to come up with the best business names.

Know Your Customers

Before coming up with a name of business, it goes without saying, that you must know your customers otherwise you will be unable to generate a name that appeals to them. The key to knowing your target customers is observation and research. Research your product or service and the kinds of people who are likely to patronise it.

It is also important to know consumer buying patterns so as to better position your business. By knowing the reason why they buying certain products or patronise certain services, you can make your brand more attractive.   

Define the Scope of Your Business

This involves clearly stating all the areas your business will touch. Say you want to start a catering business; you must clearly state if you’ll be providing an outdoor, indoor or specialised catering service. If you decide on only catering outdoor events, you need to also make a distinction on the kinds of outdoor events you are going to render service to. This will further help ensure the name of business you pick is suitable to the type of business you do.

Come Up with Name Ideas

In coming up with name ideas, do not be afraid to experiment. Do not set out with a particular name in mind. You can use the following tips to create the best names of business.

Use Your Name

When deciding on the best name of business, many people find the perfect one in their own name. It might be a misspelling of your given name or in combination with some other word, just ensure that it is attractive and easy on the tongue. Adidas and Toyota, for example, are variations of their founders’ names.

Use Foreign Words

If you are in a place where the lingua franca is English, for example, you can generate the name of your business from foreign languages like French, Russian and Italian. You can also translate symbolic English words to other languages so as to make your name of business different. Nivea, Lego, Volvo and Haagen-Dazs are examples of names that where got from foreign languages

Use Acronyms

HMD Global, DE SPAR, CNN and BBC are examples of companies that use acronyms as their business names. You can shorten a long name idea to a better-sounding acronym. Acronyms can help an otherwise forgettable name remain in the minds of customers.

Mix Words Up

In other to come up with the perfect name for your business, you can mix things up; take a word from one language and add it to another from a different language. The people who came up with the name Verizon did exactly this. They mixed the Latin word for truth – Veritas and the English word, horizon.

Get Names from Myth and Legends

You can select names from African, Asian or European myth and legends that symbolise the vision or essence of your company. Nike, for example, is the name of the ancient Greek goddess of victory. Pandora and Venus are other examples.

Let It Describe

Your name can be a description of what your brand does. Business Yield, for example, is aimed at helping people yield the best results in their business endeavours, hence the name.

Abbreviate

Abbreviating your brand ideology or some other aspect of your business you can put into words is also a good way to come up with a fantastic name of business. Durex, for instance, is short for durable reliable excellence and Nikon is short for Nippon Kogaku.

Use the Dictionary

It was from a dictionary that the famous brand name Reebok came. The company, which was formerly known as J. W. Foster and Sons, was renamed after the founder’s grandson discovered the name for an antelope in a South African dictionary.

Tell a Story

Your business name can tell a story. Pepsi, for example, was named as such because its inventor believed the drink aided digestion like Pepsin, the protease in the stomach which helps to break down protein.

Be Unconventional

Virgin Atlantic, the British Airline company, has a name that would ordinarily not be thought of as the name of an airline or any other brand for that matter but the name creators took the unconventional approach. No-Ad, a skincare company, and FCUK, a perfume company, are other great examples.

Try It on a Few People

Do not use a business name until you are sure it is appealing and memorable to potential customers. You can carry out polls target at families, friends and acquaintances on Twitter and Facebook with a shortlist of your best ideas and see what they think. Online poll tools can also be made use of.

You should also have one on one interview with select individuals. When carrying out such interviews, pay attention to people’s initial reaction, not just what they say about it.

Ensure It Is Available

After choosing your brand name, you must ensure it is not being used by anyone else. The first step to doing this is to search your chosen name on a search engine to check if any other brand is using it online. You can also check on popular social media platforms like Facebook, Twitter and Instagram.

After checking online, ensure you have your company registered with the Corporate Affairs Commission or other relevant authorities in your country. As part of the registering process, the Commission will ensure that your proposed name has not already been registered by another company and in the event that it has, will notify you.

Even with this approach, you may still not be able to come up with a great name for your business. If that is the case, you should try a good business/brand name generator tool. Name generators litter the cyberspace but only a few a worth your time.

Business Yield Name Generator stands out because it takes the time to carefully consider your answers and conduct research to come up with the most suitable business name for you. With just a small fee, you get a list of great names tailored to your business sent to your email.

Business Yield Idea Generator

Perhaps you are still in the process of finding a good business idea but do not seem to be making headway. Business Yield Idea Generator is just perfect for you.

What makes Business Yield Idea Generator the best you can find is that it is purely done by humans, not a set of algorithms or Artificial Intelligence. Humans gather data and do a quick but detailed research based on the information you provide. It is simple to use; all that is required are your answers to a set of quick questions and the perfect business ideas will be sent to your email in less than 24 hours.

As the most feasible idea generator, it takes 24 hours for the generator to come up with the most suitable business ideas for you. This comes after careful consideration of your budget, intended location, talents and skills, availability and what not. With the submitted data and just a little token, you will get a list of ideas sent to your email based on an extensive feasibility study. You will also receive access to business plans, business model canvas and a 3 year financial analysis to help you get started with the business.

Download 500+ Business Plans for any Business

Advertisement
11 Comments

11 Comments

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Business Ideas

    UNIQUE BUSINESS IDEAS 2021- Top 20 to earn from (+ free tips)

    Published

    on

    UNIQUE-BUSINESS-IDEAS

    You can agree with me that one of the things that make entrepreneurs stand out among their competitors is their unique business ideas but how can one possibly “stand out” when there are hundreds if not thousands of businesses everywhere?

    It takes a lot of creativity to create a unique business. Creativity, however, is more than just building a business plan and solving problems. You have to consider building a business that will serve you in the long run.

    If you’re eager to enter a market space that celebrates design, innovation, and expression then take advantage of our list of unique business ideas and make money fast. Our list comprises business ideas for housewives, creative business, and unique business ideas for students.

    Thankfully, we have also provided tips and expert guidance that will help you get started on a good note so what are you waiting for? Grab a glass of wine and draw closer to your screen.

    Creative business ideas

    #1. Jewelry Making

    Jewelry Making is a unique business idea that involves a lot of creativity. You can craft wearable art like necklaces and earrings. You can use wire, beads, or any number of other materials to put together jewelry and then sell it online or in local boutiques or at events.

    #2. Mobile App Design

    If you’re tech-savvy then, you can leverage on app creation business. you can offer your services designing apps for businesses or even create your own apps to sell. The more creative you are the more opportunities you get.

    #3. Portrait Photography

    Photography is unarguably one of the creative businesses in today’s world. A photographer who is more interested in staged photoshoots can easily build a business as a portrait photographer and work with clients for things like senior pictures, family photos, headshots, or even pet photos.

    #4. Tattoo Art

    Tattooing is an ancient art that remains popular with a wide variety of people. There is a lot of creativity involved in tattooing. If you’ve got the artistic sense and the training, you can build a successful business providing tattoos for clients.

    #5. Hair Stylist

    There’s a lot of potential for creativity when it comes to being a hairstylist. You can offer a range of haircuts, updos and even coloring services.

    #6. Makeup

    Makeup is another business that requires a lot of creativity. You can start a salon type of business or even just travel to work with clients at their location.

    #7. Website Design

    Web design is one of the in-demand services in recent times. You can build a web design business by working with clients to build custom websites or even sell pre-made templates on sites like Etsy.

    Business ideas for housewives

    #8. Freelance Writing 

    If you love to write, freelance writing can be a profitable business idea from home. The demand is huge and one of the best self-rewarding business ideas for women entrepreneurs.

    However, to be a highly paid and run a successful freelance writing business, you need to learn the tricks of the trade.

    #9. Candle making

    Candle making is a good home-based business that pays well. The popularity and consumer demand for scented and decorative candles have created a tremendous business opportunity for would-be women entrepreneurs.

    #10. Virtual Assistant

    Virtual assistant business is providing services like checking and answering emails, organizing to-do list, updating calendars and schedules with minimal interaction with your clients. As a woman, you can start this business from home with just a computer with an internet connection and phone. This industry is growing at a fast pace globally.

    #11. Online Survey

    Online Survey is another unique business idea for women to earn a decent extra income without any investment wherein you can spend your free time in a relaxed manner. Here, you will have to give your opinion about a number of products and services.

    #12. Sell Online

    If you are an expert and have adequate knowledge about a specific product, then you can start online selling. In this type of business, you will need to register yourself with online marketplaces like Amazon, eBay. Procure the product from the manufacturer at wholesale price and sell it at retail price.

    #13. Craft Making

    Craft Making isn’t just peculiar to women but is recommendable to housewives. Women having a hobby of crafts making can translate it into a profitable business. Not only can this venture be started and run from home, but this business is also very inexpensive to initiate.

    #14. Soap Making

    Soap Making is one of the unique business business ideas you can start small. A craft passionate person can start a home-based soap making business with comparatively low capital investment. You can start decorative specialty soap making and start selling to your local community or in gift stores.

    Unique Business Ideas for Students

    #15. CV/Resume Writing

    Resume writing can make a unique business idea for students. You can start a resume writing from home by crafting an excellent resume for the job seekers. Also, you need to be good enough about editing, structuring, and proofreading. You will just need to have a computer with some basic software.

    #16. Tutoring

    Tutoring is a good business idea for students. You can start this business on the subject in which you have specialization. Every parent these days always is looking for a good tutor for their child.

    #17. Translator

    The translation is fast becoming a highly potential web-based business offering opportunities for making money online. With ever-increasing net connectivity and globalization, knowing and understanding other languages have become extremely vital in keeping pace with the speed of society.

    #19. DJ business

    If you love music and have an outstanding personality full of energy, you can ideally and successfully start a DJ business as a student. If you enjoy spinning tunes, making people happy, and earning a steady stream of supplemental income then the mobile DJ business is perfect for you.

    #20. Transcriptionist

    Transcription is a popular way of making money, especially for students as it provides much flexibility. As a transcriber, you can earn in the range of $10-$30 an hour depending on the performance.

    Unique business ideas- Tips on How To Get Started

    Choosing the path of entrepreneurship can be very challenging. It requires building a business from the ground and getting it up and running is serious work, however, there are ways to ease the stress. First is getting a business mentorship; every successful entrepreneur you see today has who they look up to.

    Before you can run any business successfully, you must get a business plan; this will help you discover any weaknesses in your business idea so you can address them before you open for business.

    You don’t have to get overwhelmed trying to draft a business plan for your business, with the business yield generator, you can get the best business structure that suits any business type.

    Business Yield Idea generator

    What makes this the best anyone can find online is that this generator is purely done by humans not a set of algorithms or Artificial intelligence.

    Humans gather data and do quick but detailed research

    based on the information you provide. It’s simple, answer a set of quick and easy questions and your business ideas will be on your email in less than 24hrs.

    24hrs because this is the most feasible idea generator as it takes into consideration, your budget, intended startup locations, talents and skills, the available time you can give the business, etc.

    Based on these data with an extensive feasibility study and just a little token, you would have a list of ideas sent to your email with links to give you access to instant business plans, Business model canvas, and up to 3 years financial analysis to help you get started for the business.

    Click on Business yield idea generator to access top business plans that will benefit you.

    Continue Reading

    Business

    BUSINESSES TO START right away- Easy 40 ideas (+ business plans)

    Published

    on

    BUSINESSES-TO-START-RIGHT-AWAY

    When you chat with the common man in the street, you would be amazed at the massive business ideas people have in mind. In most cases, they cannot execute these well-articulated business ideas coupled with specialized skills because of the massive start-up capital involved.

    The lack of upfront capital is the major reason many dreams go unfilled and in a bid to salvage the situation, we have through thorough research come up with a list of businesses to start right away and make a high profit.

    These businesses range from online to small popular businesses with high-profit and other business ideas you probably never knew or imagined their profitability. If I were you, I would take advantage of these business ideas without a second thought.

    Businesses to Start Right Away

    #1) Start Mini-importation Business

    The shipping business is a highly profitable business to start right away. You can start by importing some high-in demand goods in small quantities.

    Also, you can look for contact overseas to learn of profitable items you can export from your country and start making money.

    #2) Real Estate

    Many people believe the Real estate business requires a massive capital start-up but, that’s always the case. You can start a real estate firm in a less competitive neighborhood and start making good money immediately. Partnering with people with similar idea who have good fund to start up the business will make a great start.

    #3) Be a Freelancer

    What are you skilled at? Are you creative? Can you write or design?

    Whatever talent you got, you can double it as a source of income. The internet is flooded with people who are willing to pay for your skill on platforms like www.fiverr.com or www.upwork.com and you would understand better. You can turn your hobby into a business and earn a good income.

    #4) Set up an Online Training Course

    Online tutoring is one of the best businesses to start right away. You make money while helping people isn’t that great? You can help people in need of a gift or skill your posses by setting up an online training course. By doing this, you impact positively on others while making money at the same time.

    #5) Create e-books and Sell Online

    According to a recent statistics, the number of people who have dropped the usual hard copy for soft copy books has soared over the years and the number is projected to keep increasing in geometric proportions in the coming years.

    You can seize the opportunity of this growing market and make a buck-load of cash. Simply start by creating e-books from your area of specialization and sell online.

    #6) Setup Online Marketing Agency

    An online marketing agency is one of the businesses to start right away. If you spend so much time online, it’s time to start thinking of ways of making money off your time spent online.

    Search the internet on how to set up online marketing agency and start making money.

    #7) Affiliate Marketing and Sales

    Affiliate marketing is currently one of the best ways of making online. All you need to do is to create a website or blog in a niche you are vast in. Once you create a website, next is to sign up with the affiliate programs of your choice where you get paid for embedding some links on the website.

    To get started on a good note, check out the best affiliate marketing programs for beginners.

    #8) Event Planning

    Event planning business is a business you can start with little or no capital and make money right away. If you’re are organized, you can get paid to plan birthday parties, weddings, and conferences. If you’re really exceptional at what you do, you will grow very fast from getting referrals

    #9) App Development

    Creating simple apps require just a few minutes yet not all know how to create one. You can make money out of publishers who wish to have their websites in apps.

    Learn the skill of app making to start raking-in money.

    #10) Computer Repair

    Computer repair business is another means of making money with small capital invested. All you need to do to make money from computer repairs to learn the skill of software or hardware engineering.

    As a software engineer, you can make lots of money online from people you don’t need to meet.

    #11) Interior Decorator

    Interior decoration business is another profitable business with small start-up capital. You need to do is to learn the art of interior decoration.

    The business would be easy for you if you are creative and have a flair for fine art. Learn the trade to start earning good money.

    #12) Blogging

    Blogging is currently one of the best ways of making money online.

    If you like writing and you command a decent use of the English Language. And if you have spare time? Making money out of blogging involves a fine combination of skill and patience.

    You can start a blog by employing a web developer to help you create a blog. The next step is to apply for a Google Adsense program which is the best means to monetize a blog.

    #13) Home Tutoring

    Do you have in-depth knowledge of a subject? Are you good at mathematics? You can start making money by making people know you can teach their kids or wards. The home tutors may not be very lucrative but can earn you extra income while imparting knowledge to others.

    #14. Drive for Uber or Lyft

    Companies like Uber and Lyft are great ways to make money quickly. You need a clean driving record, a fairly new car, and permission to work anywhere you live.

    When you have all of these things, you can work whenever you can, whether it be in the middle of the day during rush hour or in the early hours of the night on a weekend. It is one of the sure tips on how to make 500 dollars fast.

    #15. Become a Market Research Participant

    Businesses searching for consumer opinions on a variety of products and services provide you with the opportunity to collect your opinion.

    This often includes writing or giving your opinion, answering surveys or polls, or breaking off from a discussion group. The mechanics don’t matter. The point is, you can rely on it from time to time. Focusgroup.com is just a company looking for participants.

    #16. Sell on Amazon

    Amazon makes it pretty easy to list and sell old books, games, and devices on its marketplace. You can make more than a few dollars with expensive college textbooks. Make sure the books are in good condition.

    You will get negative reviews for trying to sell books that are falling apart or games that are scratched. Remember, be open about any shortcomings, no matter how small they are and how few people notice them right away.

    #17. Sell used Technology on Craigslist

    The market for used electronics is huge. You can use Craigslist to part with your old iPhone or MacBook. You can get a premium for these types of electronics. Some people even flip items by buying and reselling them.

    You can also use a website like Gazelle to sell your used phones, whatever type you have. Companies like this have made an entire business model out of buying and refurbishing used phones.

    Either way, if you have these items lying around your house, you can be confident that you will get a fair bit of cash relatively quickly.

    #18. Perform tasks with TaskRabbit

    TaskRabbit gives you access to an existing marketplace of people looking for on-site help with housework. The tasks are not always small. This platform (along with others) also offers larger tasks like renovating houses.

    #19. Deliver for PostMates

    PostMates is a great way to make money when you are in an emergency, and you don’t even need a car, just a bike for deliveries in busier cities and downtown.

    PostMates states on their website that you can make deliveries up to $25 an hour. You might also earn some tips along the way, so this is a great option for people who want to do something on their free time, much like the big ridesharing opportunities cluttering app stores everywhere.

    #20. Flip Real Estate Contracts

    If you think this is prohibitive, it is not. You can flip real estate contracts without ever taking ownership of the property.

    This is not a fixer-upper endeavor, just securing a contract and selling it to an interested party. That’s it.

    #21. Sell on CafePress or Etsy

    If you can design digital items, you can sell them for part of the profit on a website like CafePress. You can only do this with design software. They can include custom logos, inspirational sayings, and other current or trending designs that will appeal to the masses.

    You could hire a designer to help you do this, but you still have to come up with the ideas. This works best when you understand the design itself but don’t require overhead. Articles are printed and delivered upon request. You just get part of the proceeds.

    #22. Answer questions about JustAnswer

    People looking for expertise online. With JustAnswer (and several similar websites), doctors, lawyers, engineers, and others with advanced knowledge can make a low income just by answering questions from people who would otherwise have to pay a large sum for those answers.

    This platform is a great resource for people. It’s also lucrative (for the time spent) when you’re looking to make some cash in a hurry.

    #23. Grab gigs on Fivver

    Regardless of the type of service you offer, you can likely offer it to Fivver. This is great for digital services like graphic design, web design, short audio or video clip creation, editing services, writing, etc.

    Fivver has grown beyond the $ 5-per-gig model. Fiverr Pro brings the best talent together on its platform. Depending on your skills, you can do very well here.

    #24. Walk dogs

    Pet sitting is one of the best businesses to start right away for animal lovers. If you live in an urban area, you can easily pick up multiple customers walking the dog or cats sitting per week.

    There are networks that connect dog owners with dog walkers. Rover is one of the largest networks of dog walkers.

    Of course, you can also use social media or just knock on the neighbors’ doors to promote your services, but you can easily use any of these services and it is a tip on how to make 500 dollars fast.

    #25. Babysitting with Care.com

    You can easily babysit when you need a business to start right away and make a few bucks quick. Parents everywhere need babysitting and nannies.

    Websites like Care.com connect parents with babysitters. The company does all background checks and other due diligence to calm the parents’ minds.

    #26. Sell your photos

    Do you have an eye for photography? Of course, you have to be good at it to make money, but if you are, you can sell photos on ShutterStock or iStockPhoto (along with many others) to generate passive income from something you may find very passionate about.

    Ask people who are looking for photographers to cover their wedding, engagement, child’s birthday, or other life events to make money faster from taking photos.

    You need a good camera and some experience, but this way you can definitely make the income you need no matter where you live.

    #27. Get a Personal Trainer

    If you understand fitness then personal trainer business is a business to start right away. People pay good money for personal trainers if only someone keeps them on track to achieve their goals.

    You can create added value and help yourself financially at the same time.

    #28. Tutor students

    Parents are always ready to invest in their children’s future. If you have a lot of knowledge in subjects like math, science or computers, you can teach for money.

    Both Indeed.com and Care.com have the ability to teach local students. You can choose one of these platforms or you can easily find your customers through your personal network or through social media.

    #29. Promote Business with a Car Wrap

    Platforms like Carvertise connect brands and companies with drivers. The process is simple – arrange to turn your car into a roaming billboard for a price.

    If you qualify, you can earn a set monthly fee for advertising in your car. You don’t have to pay anything for it, but you do need a clean driving record and a fairly new car.

    #30. Help with Home Gardening

    By offering your services as a local gardener, you can make money fast enough to meet some urgent needs. There are many ways to mow lawns and remove weeds for planning gardens and decorations.

    If you address enough neighbours, you will find at least a few buyers. It will definitely be worth it.

    #31. Take on House Cleaning

    There are a variety of online platforms that you can access, or you can just look around your neighborhood or post on social media. You can also use Amazon’s Home Services or create your own simple, one-page website to serve ads.

    Either way, this is a great way to make more than $ 20 an hour or more when doing a job that is often in high demand. You could easily make this a long-term appearance if you are performing well and not cutting corners.

    #32. Become a Home Organizer

    You can easily organize for people at home, an industry that has become hugely popular since the debut of Netflix’s hit series Tidying Up with Marie Kondo.

    If you are a neat and organized person yourself, and you are good at organizing spaces, why not offer your services to those around you? You’d be surprised how many people, even on your own social media feed, could get you into doing this.

    #33. Wash Carpets

    Rent a carpet cleaning machine from your local hardware store or buy one if you think it can get enough of the job. You will likely find that many people need something like this but have not actively sought the service.

    Depending on the work and trust you build with the owners, you can wash carpets in the owner’s homes or have them steam cleaned off-site.

    #34. Give Blood

    You can earn anywhere from $20 to $50 per blood donation, depending on whether your blood type is rare or common. You can also donate plasma. Different states have different minimum requirements that must be paid when people donate plasma.

    Donating plasma helps people struggling with leukemia and other immune diseases. This is a little more complicated and complicated than donating blood, but you don’t get much more than donating blood.

    #35. Decorate Houses for Holidays

    Whether it’s New Year Day, Christmas Lights, Easter, July 4th, or any other holiday, you can get paid to decorate homes. This can include putting up lights indoors or outdoors, decorating trees, putting up games, and decorating.

    Use the internet and social media to find customers, or just advertise on your local network. There are many ways to do such special jobs.

     #36. Painting

    Painting is a chore that many people don’t have time to do, which makes it a great business idea to make money fast.

    The painting job is easily scalable. Once you have the clients, you can hire people to work with you while you manage them. Either way, it’s relatively easy to work and there’s always a demand for painting service.

    #37. Repair Broken Screens

    Repairing broken screens is a profitable business idea. You can start repairing phones and other tech gadgets and offer screen replacement services. You can earn up to $500 per day depending on the number of gadgets you repair.

    #38. Rent your guest room on AirBnB

    Airbnb can be an excellent platform for renting a guest room. If you live in a tourist destination, you can make good money on this platform.

    If you don’t mind the neighbors this is definitely an option. You can crash out with friends and family and rent out your entire house if you’re really desperate.

    #39. Swagbucks

    This is a unique business idea that can make money fast. You can get started on Swagbucks. On Swagbucks, you do a number of things to earn points. You can earn points by searching the internet, completing surveys, watching videos, or playing games.

    Swagbucks also gives members points for online purchases. After you’ve earned a certain number of points, Swagbucks pays you to your favourite store in the form of a gift card, or a cash deposit is made to your PayPal account.

    #40. Gigwalk

    By signing up on Gigwalk, you can start making money on your phone right away. Gigwalk helps companies ensure they advertise in a way that attracts customers. As a gigwalker, you may be asked to snap a picture of a product display stands in a local store or a menu in a restaurant.

    Gigwalk gigs cost between $ 3 and $ 100. The better you complete your appearances, the more highly paid appearances you can be offered.

    Businesses that Make Money Right Away- How To get Started

    Choosing the path of entrepreneurship can be very challenging. It requires building a business from the ground and getting it up and running is serious work, however, there are ways to ease the stress. First is getting a business mentorship; every successful entrepreneur you see today has who they look up to.

    Before you can run any business successfully, you must get a business plan; this will help you discover any weaknesses in your business idea so you can address them before you open for business.

    You don’t have to get overwhelmed trying to draft a business plan for your business, with the business yield generator, you can get the best business structure that suits any business type.

    Business Yield Idea generator

    What makes this the best anyone can find online is that this generator is purely done by humans not a set of algorithms or Artificial intelligence.

    Humans gather data and do quick but detailed research

    based on the information you provide. It’s simple, answer a set of quick and easy questions and your business ideas will be on your email in less than 24hrs.

    24hrs because this is the most feasible idea generator as it takes into consideration, your budget, intended startup locations, talents and skills, the available time you can give the business, etc.

    Based on these data with an extensive feasibility study and just a little token, you would have a list of ideas sent to your email with links to give you access to instant business plans, Business model canvas, and up to 3 years financial analysis to help you get started for the business.

    Click on Business yield idea generator to access top business plans that will benefit you.

    Continue Reading

    Business Ideas

    Best Business to Start with 300k: All You Need (+ Business Plans & Free Tips)

    Published

    on

    Best business to start with 300k

    As someone who is looking to start and grow a successful business, the first thing you must know is not every business idea is worth putting your money into. When lack of capital is not the immediate hurdle you have to scale to own a business , we’ve found that lack of a good business idea often is. A budget of 300k with the right business idea and management skills can yield long-lasting results and launch you into the entrepreneurial class.

    With that in mind, we’ve compiled a list of best business to start with 300k. Business plans and free tips on how to start are also included.

    Let’s get right into it

    Tailoring

    Provided you know how to cut and sew clothes well, you should consider tailoring as a viable choice with 300k in your pocket. To save your capital for the essentials, you can operate out of your residence and spent the money on sewing machines and other necessary equipment, this would afford you the opportunity of employing two or more hands to get the business started and ensure customer satisfaction.
    Alternatively, you could rent a small store at a moderately commercial area for nothing more than a third of the budget, get some mannequins and dress them up in your best designs to announce your presence and spend the rest on sewing machines and what not.

    Read Also: Creating Family Budget: Easy Template

    Barbershop

    You can also open a barbershop with your budget of 300k. You will have to rent a shop space to situate the business. When making location decisions, you have to consider factors like demographics of the area, infrastructural facilities and community factors (security) so as not to make a regrettable decision. The rest of the budget you can spend on getting equipment for the shop like clippers, television, sound system, setting up your decor and getting a few hands to help out around the place.

    Hair Salon

    Hair salons are boisterous and well sought-after places. Like barbershops, you have to consider certain factors while deciding on an area or shop space for your salon. A hair salon requires a lot of tools and equipment like a blow dryer, all-purpose and blending shears, combs and brushes, razor, sectioning clips, not to mention, hair extensions and attachments. You will also need to get a few hands who will assist you, although an apprenticeship system would save you a lot of money in that aspect.

    Sale of Hair Extension

    There’s a very profitable market in the sale of hair extensions. Unlike what many people think, it doesn’t take much in terms of funds to get started. With much of your 300k budget, you can handle procurement of these hair extensions. You do however need to connect with other sellers as they usually come together to shoulder the cost of importation and clearing. The rest of the budget can be spent on marketing and delivery of orders. You can market solely on social media platforms like Instagram and Facebook. In order to reach a lot of people however, you may have to spend some money on sponsored posts.

    Sale of Clothes

    Many have found selling of clothes to be a very worthwhile business. Of course, such an endeavour could launch with even less than half the 300k budget. With the full budget however, you can launch it large scale which could radically improve the profitability, not to mention lifespan, of the business. With the budget of 300k, you can open a mini boutique in a tony part of town and stock the finest clothes which you can sell for higher profit.

    Dry Cleaning Service

    Another business you can start with a budget of 300k is laundry services. You will need to spend money on getting a shop, preferably something with enough space to keep all your equipment. You also need the space for your clients’ clothes. On your shopping list should be a good pressing iron; some washing bowls; soaps and, if you have enough money left, an actual washing machine. A washing machine will reduce the number of clothes you need to wash by hand. You may want to invest in a generator depending on the power situation in the environment where your business is.

    Football Viewing Centre

    You will need a good television and cable subscription to get this business on the ground. You will also need a board which will announce the array of football matches your viewing centre will be showing. A power generator is all but necessary to successfully run such a business if power supply is problematic. You may also want to put money down for a deep freezer and some crates of alcoholic beverages. hese are decidedly hot on such businesses.

    Cyber Cafe

    Known colloquially as a business centre, the cyber cafe can be started to some degree with just 300k. Given the budget, it is advisable to purchase equipment with the bare necessities in mind. For example, one desktop computer, a small printer or a used photocopier can get your business off the ground without breaking the bank. Just ensure you invest only in equipment that will give you the bang for your buck; not cause you problems layer on.

    If you have been wondering how to start a good business that has a chance at succeeding without all the bells and whistles a big budget affords you, this article, we hope, has at least given you some good ideas. You can also read other articles of business ideas to supplement this one.

    Also, check out this article on Names of Business to Inspire You

    Continue Reading

    Trending

    %d bloggers like this: