Post
Topic
Board Economics
Re: Small Scale Business Ideas
by
Ayers
on 22/09/2023, 07:05:34 UTC

Do you have a small business idea? or business experience? I want to hear it

One business idea that can be done with relatively small capital and is quite promising is opening a roadside food stall. As far as I know they can take profits of up to 200% of capital. Quite promising, especially if it can be developed and has many branches. The risk is that if your food doesn't sell, it will go stale and can't be resold

Street food business or street vending is also an idea that I want to mention. For example, in my area, the total cost to open a sidewalk snack bar would be around $1k$-2k$. And if we business smoothly, the profit will be about $30-$50/day after deducting all costs. The profit margin is quite impressive, IMO. This is a business model that many people do not think about because they think it will not bring good profits, but in my opinion, its revenue will be more significant than the revenue of larger restaurants in the same field. Not to mention, the risk is quite low if we fail, unlike opening a large restaurant that will cause more serious damage.