You would have to re-invest your working capital to
remain afloat. Other challenges include fewer staff, low cash flow and ability
to compete favorably.
Despite the difficulties there are hundreds of business
opportunities. Here are some businesses to start with little cash.
50 Businesses to start with less than
N100, 000 Naira
Small
Store Business Ideas
There are lots of business you can start with very little
money. You can rent a small store in a middle class area for N60, 000 annually.
The remaining N40, 000 could be used to stock your shop. Once
you sell your stock you re-invest the capital and save or use the profit.
A small store can’t make you rich but provides daily
income for feeding, medicals and utilities. Make sure the store is in a
commercial or highly populated residential area.
Small
Store Types
1. Used cloths
2. Cobbler
3. Barbing salon
4. Hairdresser
5. Grocery store
6. Tailoring
7. Betting shop
8. Food vending
9. Sell electrical fitting
10. Sell drinks and beverages
Technicians
Business Ideas
Technicians looking to cash in on their training have
many options. Before going into business you need appropriate training in your
field of choice.
The next step is to secure a place and add equipment and
working materials. Technicians earn on projects commission by customers. They offer
customers services such as repairs, maintenance and sales.
Technical
Jobs
11. Tyre vulcanizing
12. Aluminum technician
13. Plumber
14. Mechanic
15. Rewire
16. Refrigerator repairer
17. Bicycle repairer
18. Electricians
19. Welders
20. Tailors
Farming
Business Ideas
There are lots of farming ideas to start with little
capital. You need small landed space or cages to farm in an urban area. The
amount of money needed depends on the size and inventory.
You could start small and gradually build a large
venture. Farm produce are always in high demand and profitable. The best way to
start a small farm is to buy few stocks.
Small
Farm
21. Poultry Meat
22. Eggs production
23. Mushroom farming
24. Snail farming
25. Goat
26. Sheep
27. Pig
28. Catfish farming
29. Vegetable farming
30. Plantain or Banana Farming
Online
and Internet
The advent of the internet has opened new ground for
investors. You need very little cash to start an online enterprise.
It does not matter your demography or location specific
challenges. Starting an online business requires a computer and modem. You can
create an office at house and start immediately.
Online
Business Opportunities
31. Build a Website
32. Build a Blog
33. Build an eCommerce Store
34. Sell used items
35, Become an affiliate
36. Flip domain names
37. Become a freelance
38. Become a writer
39. Become a social marketer
40. Sell eBooks
Manufacturing
and Production
An investor could start a manufacturing or producing
business. You need to choose a product, purchase raw material and equipment.
There are many locally fabricated low costs machinery. Here is a list of 10
small scale manufacturing businesses.
Production
and Manufacturing
41. Garri Processing
42. Fruit Juice Business
43. Ice Cream
44. Soap making
45. Liquid soap and detergent
46. Candle making
47. Palm oil business
48. Bead making
49. Groundnut oil
50. Snacks
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