Post
Topic
Board Economics
Re: Small Scale Business Ideas
by
red4slash
on 04/10/2023, 15:44:02 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
Road side food business might looks small in your eyes but it is not a business that comes with a small capital, the price of food stuff is very expensive right now , I see food business as a very good business that will come with good profits because for sure people will always go after what they with but because of how  price of food in the market is expensive it will be challenging for some people to raise up capital to start this business. But this depend on the location and the standard of setting it up.
I agree with you that the business of opening a roadside food stall is a business that has to spend a lot of capital, one of the reasons is as you said that food ingredients are now expensive. That's not counting the rent, unless our house is strategic or we have a piece of land that we can use to start trading.
I have an acquaintance who happens to be a food stall owner. And it is true that the capital he spent at the beginning was not a small amount. He even sold his land to start his business.