Contest : How to Start a Business with Small Capital.

_{Hello Everyone. I am @shiftitamanna
From #Bangladesh}

Assalamu Alaikum everyone. Today I'm going to participate in a business related contest in the Steem Entrepreneurs community. The content of the competition is about how to start a business with little capital. I am very thankful to @harferri sir who organized the competition he organized a business educational competition. Being a business student, I have acquired good knowledge about business and will present a creative idea for an entrepreneur through this competition.

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Share business ideas with good and detailed presentations to start a business with small capital.

Starting a business with little capital requires first of all skills, passion and innovative creativity. With these qualities, an entrepreneur will use less capital in his business and sell his skills and labor in exchange. For that, one has to first identify the area of interest and expertise of an entrepreneur.

Getting an idea for a business is not difficult but implementing it is a challenging task. For which you first need to plan which type of product the customer demand is high and a profitable business can be done with less investment. I am sharing some business ideas below which will help you to become an entrepreneur with little capital.

• Grocery Business : Basically I like grocery business a lot. It is a sole proprietorship business whose profit or loss is borne by the owner alone. I think there are no complications in this grocery type business with small capital. Food is one of the first basic human needs. So, grocery shopping must be done to meet the food needs of people.

If you think from that side, it can be said that this business will always be running. But for this, some aspects should be taken care of. That is - location, decoration, doing business honestly and keeping those products in the store according to the needs of the customer. By doing this, the profit will also increase along with fulfilling the customer's product needs.

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• Wholesale and Retail Clothing Business : Wholesale and Retail Clothing Business is very popular in any country. Selling clothes is a good idea as a small capital business idea. This could be by renting a shop or starting a business in the form of a van. Moreover this cost can be further reduced if it is online based. You can buy goods at wholesale price and sell them wholesale. Or the clothes can be sold at retail prices through online advertising. I think this idea is a good example for small capital business.

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• Handicraft Business : Handicraft business is one of the best ways to start small capital. This is a very popular business among the entrepreneurs of our country. A different emotion works for the people of the country towards the products of their own country. By exploiting this sentiment, many domestic product businesses can be started by anyone with a small capital investment.

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I am presenting below what kind of handicraft business can be done with small capital.

• Making beaded jewelery and bags.

• Making and marketing the leaves.

• Making Plastic Flowers.

• Making earthenware.

• Making the Jute products

• Tailor's business.

• Wooden material or furniture.

• Saree woven.

Small businesses that are already running in your area as references for starting a business with small capital.

Small businesses running in my area as a reference for starting a small capital business include food shops and grocery businesses. However, I think the street food stalls have benefited more by doing business with small capital. I have lived in my neighborhood for 23 years. So I know many small businessmen in my area who use little capital in their business and now they are successful entrepreneur or businessmen.

• Street Food Business : Street food business is attractive as well as profitable in the present scenario. In this profession, many people in my area have become self-reliant. You can take food anywhere without paying shop rent to sell it. There is a street food stall next to my house. He is earning 2000-3000 (90-136 STEEM) per day just by selling Fuchka and fast food.

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• Tea Shops : Also most of the small capital businesses in my area opt for the tea selling business. In this business, the capital investment is less. Tea is a beverage that is acceptable to people of all ages. Therefore, a low-income entrepreneur can be successful if he can open a tea shop with small capital keeping in mind the high demand of customers.

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• Grocers : There are many grocers in my area who have been serving the customers for years. I try to find out their business policies from a grocer in my area. The aim of traders is to attract more buyers by keeping the price of the product low. By doing this, they are not getting any loss but gain in the business. Because of the effect of this policy on consumers, the grocers are able to sell more products.

In conclusion, no matter how you start your business, you need to set your goals first. After setting the target, the business plan has to be done. After determining the plan comes investment in the business. A new entrepreneur comes to this stage and needs to realize the dream of successful entrepreneur with the creativity of how to start a business with low investment.

All images used in the article are mine.

I would like to invite my friends @mdkamran99, @irawandedy, @goodybest to participate in this contest. Click here to go to the contest link.