This is my personal list of small business opportunities you should try and if done well will be profitable.
To make this list the business must;
- Have the ability now and for many years to be lucrative.
- Even in uncertain financial times can be successful.
- It does not require some university Ph.D. or years of experience. Just practical training or apprenticeship. Prior experience or passion will also do.
- Not a lot of startup capital is required, but only what all startup companies require: commitment, difficult work, perseverance and a willingness to succeed.
Most of these opportunities can be used as home-based enterprises. They say beauty is in the eye of the beholder—and, as it turns out, the same can be said for the best small business ideas.
Tons of small business concepts exist, and what defines a good concept of a small business relies in large part on the character and skills of the aspiring entrepreneur.
Therefore, if you consider the best ideas for your future small business, you have to answer some questions, including:
- What are your interests?
- Where is there a need in the market, and how can your skills satisfy that need?
- Who is your ideal client?
- What is your ideal work environment?
If you are able to answer these questions to satisfaction, then you can proceed.
Meal Kit Sales and Delivery
Services for meals are becoming progressively common with busy individuals who have no time for good food and shopping. The food services and delivery in Ghana are growing and one can get a piece of it and make some cool cash.
Event Planning Business
What Is Event Planning?
This question actually breaks down into two questions: What kinds of events are we talking about? And, what is event planning?
First things first. Generally speaking, special events occur for the following purposes:
- Celebrations (fairs, parades, weddings, reunions, birthdays, anniversaries)
- Education (conferences, meetings, graduations)
- Promotions (product launches, political rallies, fashion shows)
- Commemorations (memorials, civic events)
Now we move to the second question: What is event planning? Planners of an event may handle any or all of the following tasks related to that event:
- Conducting research
- Creating an event design
- Finding a site
- Arranging for food, decor and entertainment
- Planning transportation to and from the event
- Sending invitations to attendees
- Arranging any necessary accommodations for attendees
- Coordinating the activities of event personnel
- Supervising at the site
- Conducting evaluations of the event
How many of these activities your business engages in will depend on the size and type of a particular event, which will, in turn, depend on the specialization you choose.
Freelance event planners are being employed by more and more people and companies in the design, logistics, and coordination of the main activities.
Senior Care Services (Home Care)
Senior care services is a culture that is gradually catching up with Ghanaians. The new school generation is always busy and barely have time for their kids, what more, their aging parents. Just like Ponzi Schemes, those who catch the buzz early benefit the most, so those who will invest into this idea early will make money.
The creation of a website is simpler than ever with platforms like WordPress, Squarespace, Shopify, etc. if you have some technical know-how. To learn one of these platforms and build websites for a business you don’t have to know how to code. Get good at a couple of these platforms and sell speedy websites.
For weddings, corporate activities, family portraits and much more, professional photographers are very in high demand. Because you are able to build this company out of your home (of course with the right tools), a freelance photo company has relatively low startup cost.
If you have some background in SEO and are able to write smart, compelling articles, companies will pay for your services. For most online businesses, content marketing is really important and the creation of content can be frightening. Most content writers charge 50 pesewas per word, so an article of 3000 words could get you 1500 Ghana cedis. That’s some cool cash for you. Imagine your write 3 articles in a week.
If you’re a professional chef starting a catering service is a great opportunity as compared to opening a restaurant unless you have money. You’ll need a kitchen (which you have at home or can set-up a makeshift one in the backyard), a part-time staff of servers, and a couple of assistant cooks to start.
The overhead expenses of starting up and running a food business are much more manageable compared to opening your own restaurant.
Personal Trainer or Fitness Instructor
If you dream of taking over from your gym or yoga instructor, or you are the first one in the gym every morning, the next step might be to channel that energy and put it toward becoming a licensed trainer. You can offer private training
This business opportunity is a brainer if you have a background in design or art. If you don’t, consider taking a course in graphic designing. The tools to get this business started are pretty minimal. With just a few handy computer programs, think Adobe, Sketch, or Canva. You could be operating this lucrative business out of your home in weeks.
Take a look at your community or nearby ones: If there’s a demand for weddings, birthdays, corporate events, and fundraisers, but few venues to
Planning services can also be offered with the venue, that’s added revenue for you.