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What are some of the profitable business that can make you a millionaire in months?
I have often seen people abandon amazing business plans for lack of capital and other logistic reasons.
Each time I come across any of such scenarios it baffles me how young entrepreneur’s wannabes fail to understand they can start a business without even having any capital and even become a millionaire in months.
Some start-up entrepreneurs are also clouded by fear and risk involved in setting up a business and growing it to the point where it takes care of their needs.
What makes a business flourish is not necessarily the large capital you invest. It is more advisable to invest less capital in a business and inject more funds when the business starts growing gradually.
This is the secret behind some mega business enterprise. Many of them started small and grew big.
We’ll be looking at 10 profitable business you can start with little or no capital.
1. Cleaning Services
In today’s face-paced world, not many families have the time to attend to their busy office schedules and keep a clean home. Specific services under this category include house cleaning, laundry services, dish washing services, and other basic household upkeep duties. One caveat to starting a cleaning service company is the need to build trust.
People to whom these services are rendered must trust that the privacy of their homes will not be violated through theft or vandalism. A cleaning service company can also easily expand its services to multiple clients by hiring trustworthy employees.
2. Home Care and Elder Care Service
This service involves care for the elderly in their homes. It includes cleaning, washing, laundry services, and in some cases cooking, shopping, dressing, and feeding the clients.
Eldercare services that include medical-related duties usually require some kind of medical certification to show competence in rendering those services.
3. Recruitment and Headhunting Services
Most companies find it difficult to fill positions with the talent they need. A recruitment service company (Business) finds candidates that meet these job requirements for companies. In most cases, they get paid by the company for this service and in some cases, also by the employee, if hired.
4. Event Planner
An event planner coordinates activities in preparation for an event. This usually involves getting service providers, negotiating service charges, communicating the needs of the clients to all service providers, and generally making sure the event is a success. Event planning covers a wide range of programs including parties, weddings, funerals, baby showers, etc.
To do this job successfully an event planner must be organized, capable of meeting deadlines, and be a good negotiator among several other things.
5. Hairdressing and Makeup Services
This business is very profitable as it can service the grooming needs of both men and women. Such a service can also be combined with event planning.