Top 5 Ideas For Small Business You Can Profit From

What small business startup idea should you invest in?

That is the very first question you have to deal with when you decide to venture into entrepreneurship.

The truth is . . . there are tens of entrepreneur ideas you can review before settling for a particular one to invest in.

We that you invest in ideas for small business that fits with your passion or your dreams.

The reason is because when you invest in a retirement business idea that is within a sector you’re passionate about, you will not easily give up on the business if the business does not turn profit as fast as you expected.

Let’s take a moment to review some of the common small business startup ideas to give you a range of entrepreneur ideas you can choose to invest in.



Top 5 Small Business Ideas You Can Invest in

Below are top 5 small business ideas you can invest in while still in paid employment.

You can then grow your chosen business idea over time into a business that can help you retire early and achieve financial freedom even after retirement.



Entrepreneur Idea #1: Production Business

Production business involves developing a product or service idea based on the needs of a target market and then designing and manufacturing the products for sale to that target market.

Examples of production business activities include:

Fast food production
Canned food production
Clothing design and production
Agricultural products production
Bread production
Beverage production
Match sticks production
Mobile phone production
Plastic bags production
Disposable cups production
Disposable diapers production
Magazine production
Books production
Electrical appliances production
Footwear production
Textile materials production
Packaging materials production
Sewing materials production
Portable cabins production
Cement production
Light bulb production
Toys production
Greeting cards production
Gift items production
Furniture production
Hair cream production
Body cream production
Casket production
Beads production
Jewelry materials and accessories production
Plumbing materials production
Artificial hair production
Artificial nails production
CD & DVD disk production
Electronic appliances production
Car manufacturing
Motor cycle manufacturing
Bicycle production
Computer accessories production
. . . and countless other production opportunities.

Yes, if you can dream it, you can produce it.

In view of the above, how do we define manufacturing or production?

Production (or manufacturing) essentially involves taking a set of input materials, passing them through a transformation (or manufacturing process) and then delivering outputs (or products) that customers are willing to pay for.

Challenges With Starting A Production Business

One of the major challenge with production business as a small business startup idea is the size of the startup capital required.

Starting a production business is usually capital intensive because of the . . .

Cost of production machinery
Cost of production materials
Number of people required to operate the manufacturing facility
Cost of working capital and
Government imposed manufacturing regulations

Nevertheless, production business can still be considered a small business startup idea because some types of production activities can be started on a small scale.

This kind of small scale manufacturing businesses can be started within a small facility (e.g. within a room in your apartment building or your basement) and expanded over time into a massive corporation.

Of course, the possibility of having a small scale production facility depends largely on the type of products you intend to manufacture and how strict the government regulations in your country are.

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