To own your own business you need a workable idea. If you are looking for a low risk way to own a business, then not only should the service you offer be needed, it should also require low investment to start up. Below I have outlined 5 business ideas that should see you turning a profit without the pressure of large overheads.
Flyer/Leaflet Distribution: This is the ideal low-risk business. In good times and bad, businesses and tradespeople need to promote their services and flyers are a proven way to get the message out there. Add the fact that most people can walk and many people are looking for casual work these days and it is easy to see how you could make a good income with a flyer business.
Window Tinting: Automotive window tinting is a business that is cheap to set up and not too complex to learn and run. There is also a market for tinting windows in the home.
Flipping Blogs: Creating, automating, monetizing and then selling, or flipping blogs is a great little business for anyone who wants to work at home on their PC.I posted about this business on my website a few months ago and the interest was phenomenal.
Solar Power Installing: I reviewed a business about 2 guys that worked weekends installing solar panels and got to realize the potential of this business. Solar power is becoming very affordable and the surplus electricity generated can be sold back to energy companies. The earning potential from this business is huge for the right person and profits can be very high.
Pet Sitting: When I first heard of a lady called Kristin Morrison earning a hundred thousand dollars a year from looking after Pets, I just had to find out about this business. For a business with low start-up costs and simplicity to get into, it would take some beating.