### 5 Small Businesses You Can Start for Under $20K
#### Introduction
Are you interested in starting your own small business but don’t have a large amount of capital to invest? The good news is that there are numerous in-demand small businesses you can start without breaking the bank. In this beginner’s guide, we’ll explore five small business ideas that can be started for less than $20,000.
#### Children’s Enrichment Services
– Tutoring services are in high demand, with some top ones bringing in nearly $1 million a year.
– Start your own tutoring service with just a few thousand dollars and focus on marketing your services directly to parents.
– Specializing in specific subjects or grades, such as SAT tutoring at the high school level, can be a profitable niche.
#### Senior Transition Services
– Also known as “senior relocation” services, this business provides services to help seniors move to a new home or into a senior care facility.
– Target your customers by approaching “family advisors” such as attorneys, financial planners, and clergy members.
– The startup costs are low, primarily involving marketing expenditures.
#### Green Consultant
– The green consulting business is a lucrative $18 billion industry, with a focus on helping individuals and businesses go green.
– Consumers are interested in making their homes more energy-efficient due to promised money savings, so make this a central part of your sales pitch.
– Many small and midsized businesses are interested in going green as well, creating a demand for affordable green packaging solutions.
#### Translation Services
– The demand for translation services is booming, with business owners seeing revenues rise more than 18% in the last year.
– Primary markets for translation services include the federal government, health care professionals, and businesses interested in importing and exporting.
– You can hire translators and manage their work without needing to be multilingual.
#### Mobile Food Service
– Food on wheels, also known as the mobile food service, has become a huge business in recent years.
– Gourmet food items such as creme brulee, Kobe beef burgers, Korean barbeque, and comfort food staples like cupcakes and grilled cheese are popular offerings.
– Consider getting a used vehicle and marketing your business on social networks like Twitter to keep costs low.
### Conclusion
Starting your own small business doesn’t always require a large investment. With the right idea and strategic marketing, you can launch a profitable business for under $20,000. Stay tuned for more low-cost business ideas in future columns.