Building a small business requires proper planning. In addition, business owners must have the ability to turn their business plans into reality. The fact is that there are many great business ideas with low investment out there, but this doesn’t mean that you should start your business without thinking about the risks involved. As a future business owner, you must analyze all the possible scenarios and be careful. In order to save some time and money, please check our list of business ideas with low investment.

  1. Elder assistant

The number of older people is growing every year. At the same time, their children are getting busier which means that they don’t have the time to take care of their parents all the time. This is where elder assistants come into play. There are many people that have turned some ordinary chores into businesses for the elderly. For instance, you can organize cleaning, catering, delivery or driving services for the elderly. There is a room for growth in this business. In other words, you can start small and grow your business easily after that.

  1. Online business

Running an online business is no longer a new or unusual thing. In fact, there are millions of people that are doing business online. Contrary to popular belief, you don’t have to be some sort of a computer expert to run a business like this. Online business is a broad term that involves many different activities. So, if you want to start an online business you can choose from a wide range of things like blogging and article writing, translating, being a VA (virtual assistant), doing data entry, programming, designing etc.

  1. Recycler

Now here’s a business that doesn’t require much money because there are many incentives for developing a business like this. Pollution is a huge problem around the globe and the authorities are looking for the best ways to solve this problem. It turns out that recycling is an excellent option. If you choose to get involved in the recycling business, you will not only get a chance to make a profit, but you will also help our planet. Get a pickup truck and start collecting recyclable items.

Of course, there are some other great business ideas with a low investment like selling things online, being an event manager, social media consultant, opening a hair salon or pet salon and more.