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Business motivation Startup

7 Low-Cost Business Ideas You Can Start From Home Today!

Summary: Start a home-based business with minimum funding. Here are 7 business ideas.

Are you looking to launch your own business, but don’t know where to start? Just relax. You are not alone. Today, many people want to start a business on their own, and for good reasons. On an average, people have two-three careers during their work-life. Also, with the great resignation in full swing, many are looking to become their boss or small business owner by turning their startup business idea into a reality.

If you want to become your own boss, then we have good news! Starting a home-based business is super easy and without risk. You can start it with zero to minimum investment and determination to be successful. Here is a list of seven startup business ideas that you can start right from home:

1. Accountant

Apart from the qualification, little experience, training, or licensing may be needed. Before starting you need to list out what are the services you are willing to offer. Do you simply want to do bookkeeping for small businesses or do you want to be more involved with services like maintaining balance sheets, income statements, or financial reports on a monthly, quarterly, or annual basis?

To start and grow your business, you can listen to the best motivational speaker Dr. Vivek Bindra here;

2. Business Plan Service

Think you are good at creating excellent business plans that constitute scaling? Well, then you can offer a soup-to-nuts business plan to various entrepreneurs who are looking to develop a business plan for their startups. Plan your fee around that one main factor that the client will want and offer others as add-on services. You can either give your clients an e-file or you can keep the business plan on file and offer to customise it whenever necessary. Prepare some samples to show your clients as well.

3. Party Planner for Children

From children to adults, everybody likes to party and celebrate their special moments uniquely. The children’s birthday party has become a million-dollar company as millennial parents don’t shy away from spending when it comes to making their children’s birthday special. If you listen to Dr. Vivek Bindra- the best motivational speaker in India & business coach to various large organisations and corporate sectors you will gain in-depth knowledge about starting your own business from the scratch.

4. Consultant

To become a consultant, you need to have expertise in something. Market yourself as an advisor to people who are looking to work in that area. For instance, if you have a good knowledge of digital marketing, you can become a consultant to a business that is looking to establish its presence online. With the expertise and experience that you have gained throughout the years, you can help others do similar things without repeating the same mistakes that you made along the way.

5. Editorial Services

If you have a knack for writing and editing, you can provide freelancing writing and editorial services right from your home. All you need to have is a good internet connection and a working laptop. Here is a list of services that you can offer to your clients:

a). Copyeditor- From checking facts to fixing grammatical, stylistic, and typographical errors, copyediting involves everything.

b). Proofreading- The last stop when a writing piece is finished. A proofreader ensures that all the changes have been implemented and no new errors are created in the process.

c). Ghost Writing- You can offer your services as a ghostwriter in which you will have to conduct all the research and write the book. However, someone else’s name would be attached to it as the author.

d). Copywriting- As a copywriter you will produce copies or taglines that promote a product or a service.

6. Event Planning

Love planning things out for your friends and family? You can become an event planner. One of the first things you are required to do is to visit the client’s location. Tour each site and learn what is available at each location that you can use to create an unforgettable event. You can speak to the client once you start planning things out to understand their expectations and requirements along with the key parameters that you need to work upon.

7. Interior Decorator

If you have done a professional course in interior designing then you can pursue your interest by looking for clients in your network. But if you have a natural talent to give even the smallest space an amazing makeover, you can start your business right from the comfort of your home. To get clients, you can market your services to building contractors. People purchasing new homes often find the process of decorating and organising overwhelming. So, you can take away their worries by offering your expert advice on decorating their interiors.

We are living in a world where people want to be their own boss and starting a startup business is the best way! So, why not try the business ideas that we have mentioned above? They are easy, risk-free, and require minimum investment. Which business idea do you like the most? Let us know in the comment section.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialised courses, and value-added courses.

To know more, visit:  www.badabusiness.com

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Business motivation

A Quick Guide to Start your own Wedding Planning Company in 7 Simple Steps

Weddings hold a great cultural significance in India. But Indian weddings have a reputation of being grand, glitzy, and glamorous. From destination weddings to Bollywood-themed private ceremonies, weddings have come a long way from being just a two-day affair.

Several stressful weeks of planning go into the preparation to ensure the outcome is breath-taking. From shopping to selecting a venue, sending invites to finalizing the food menu, decoration to attending guests, a wedding planner has to take care of a lot of other things.

Though pandemic in2020 acted as a speed-bump, with the government extending the social gatherings to up to 100 people, the weddings are back in business.

According to Business Insider, the $50 billion Indian wedding industry is back on its track and offers a lot of scope for growth.

But if the craziness, excitement, confusion, and overall euphoria give you an adrenaline rush, you can start your own wedding planning business.

How can you start a wedding planning business? Here is your step-by-step guide to understanding all the essential skills you will need:

  1. Give your company a Business Name & Type

Your business name is the first thing that a client notices. While the type of firm or service you will provide will attract future clientele belonging to the same segment. Try to offer a diverse range of choices to the bride & groom, so that they can choose accordingly.

  1. But First, Get Some Relevant Experience

Delivering the best customer experience is very important for your wedding planning business. Hence, it is advisable to work with a team to gather experience before starting your own company.

  1. Investment

Deciding on the initial investment is important for any business, and the wedding planning business is no exception. Initially, you will have to invest in a good laptop that could cost you INR 20,000 or above. To save on the rented workspace, you can start working from home or a co-working space.

However, to place initial orders with vendors, you will require around INR 2-5 lakh. Create a reliable network of vendors to keep the smooth supply of essentials.

  1. A Business Plan

Anything without solid plan bombs in no more than 2 minutes. Thus, having a business plan in place is crucial for a wedding planner. This includes a business name, industry research, target segment, financial management along with long and short-term goals.

  1. Getting a Team On-board

A skilled team is imperative for a wedding planning business. Before taking any assignments, you will need to figure out a team. From decorators, venues, caterers, musicians, travel arrangements to Mehendi artists, choreographers, and apparel stylists, you must rope-in all of them to ensure a successful wedding.

Cost-effective tip: Hire freelancers rather than a full-time team to save time & money.

  1. Marketing

Once you have organized few ceremonies, showcase all of them and start marketing your services. Instagram and Facebook could be your best friend. However, a word-of-mouth recommendation could be your best bet. You can also create a website, which could cost you anywhere around INR 1,500 to INR 3,000.

  1. Earnings

Depending upon your clientele, and the ceremonies you organize, a wedding planner could easily earn up to INR 1 lakh on a wedding with a budget of INR 10 lakh.

So what are you waiting for? With restrictions being eased-out and weather playing its charm, you too can become a wedding planner. You can know more about how to set up your business with our Everything about Entrepreneurship course. To know more click here: https://www.badabusiness.com/?ref_code=ArticlesLeads