Monday, July 31, 2006

Small Business Ideas

Four major types of small business are: manufacturing, service, wholesale and retail. Each of these has its own characteristics.

The Manufacturing Business

This is conversion of raw materials into a useful product. Beginning a manufacturing business requires a big amount of capital and it is most suitable for a large business with more resources. But on the other hand this business can create a tremendous financial return, often above 20 percent.


The Service Business

Those businesses sell personal skills rather than products to their clients. Typical examples are: the barber, daycare centres, repair shops and consultants. The service business requires a limited amount of capital investment and can be operated from home. Recently, there has been a trend to franchise service business.


The Wholesale Business

This is something in the middle between manufacturers and retailers. You should buy products, store them and then resell to retailers or to the costumers.
For wholesale is important that wholesaler is skilful for doing such a business, he can manage well good’s delivery and clients service.


The Retail Business

Retailers buy products from manufactures, wholesalers or other distributors and sell them to the consumer. Small business dominates this area. There are many different kinds of retailers – from small grocery stores to variety stores to specialty shops. One of the key success variables for these firms is a convenient location.

There are a few good ideas for starting Small Business with a limited amount of capital:

Easy Photography Home Business



Office Cleaning Business






Office Cleaning Business





Starting a Child Daycare






Starting a Child Daycare




Starting a Catering Business







Starting a Catering Business

2 comments:

Anonymous said...

Nice post. I would like to run a business soon, so I found this helpful. I know it will be tough, but I know I'm ready for it. Instead of starting one from scratch, I'm strongly considering buying a business. Any suggestions? Advice? Thanks.

Anonymous said...

Ethan,

Yeah, it's going to be tough. Just keep at it, and you'll hopefully be able to reap the benefits. I suggest turning to a local small business group (like your Chamber of Commerce) for networking and help.

I also suggest BizTrader.com which is an online global marketplace where you can buy a business or even sell a business. You can also use it to find a lender or a broker, should you need either. It's a good place to find a small business on the Internet.

Good luck!