7 Small Businesses you can do in 2021 with less than 100k

Although Rome was not built in a day, you can lay the foundation of your own “Rome” today. As the saying goes, every big thing has a beginning – which sometimes could be small. However, whatever your ambitions in business might be and regardless of the economic situation in the country, you can start an enterprise which is capital-friendly yet profitable enough to help you achieve great milestones by the end of 2021.

Whether as a full-time or part-time hustle, you can start these seven businesses with ₦100,000 or less:

1. Catering

Are you a good cook? Then you could as well make money off it. The popular saying, “Man must chop”, has never been more real. Food is a necessity, so venturing into the food business isn’t a bad idea. However, you have to create a niche for yourself based on your target market.

For instance, you can target high-paying clients like employees of banks and multinationals as their go-to person for lunch. You must ensure you meet their taste and other requirements. Some of what you need to start are foodstuff, key ingredients and a cooker. Note: It is advisable you start your food business as a pre-order service, to avoid waste.

2. Livestock & poultry farming

Poultry farming is one of the fastest-growing agricultural businesses in Nigeria. This is partly because it is not capital intensive and you can get your ROI in just 5 months! Do you have a big compound? If yes, put that backyard to use. All you need to start�

Decide the type of livestock or birds to rear. Choose based on your target market and the season.
Select the right location: You can use your compound space but ensure that the environment is free from predators.
Feeding and medication: The feed should be highly nutritious. Also, regularly administer vaccines and medication to prevent diseases.

3. Thrift or ‘Okrika’ selling

The fashion business is one you can easily go for if you have eyes for what’s in vogue; indeed, looking good is good business. Okrika markets are in major cities across Nigeria including Lagos, Aba, Kano and Onitsha. Whether fairly used or new clothes, your customers are not farfetched. You just need to identify your target market, where they are and the type of clothes they prefer.

4. Baking

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