On this board I often see a lot of discussions related to investment and finance which tend to be large scale. However, to start investing we need capital. How do you find capital for investment?
Let's talk about small scale businesses that have low risks and promising profits so that we can have capital to invest and become passive income in the future.
Do you have a small business idea? or business experience? I want to hear it
It's a shame I never started my own business, I was a seller but at my parents' shop first, but from there I was able to meet our family's needs and was able to send me and my siblings to school.
I think small businesses can also be promising, depending on their management.
open your small business, whatever it is.
The shop business selling daily necessities is very promising, because every day the goods sold are needed by other people, even though it is relatively small, over time you can increase the goods sold so that it develops into a bigger shop and makes people interested, because anything can be found there. . Therefore, don't underestimate small businesses, where the income is not necessarily less than that of an office employee, There are people selling ice at my place right now, because the weather is hot, and it turns out their income is fantastic
Although the business that is run is small, but if the business has a grocery store it is quite promising. Because the basic needs of people that they certainly always need every day, for example rice, cooking oil, and vegetables. That's the basic needs of everyone in their daily lives. so even though the grocery store that is run is small, it will definitely run well if it is managed properly. And also there may be potential to grow quickly because of the basic needs of people who will always run out every day. And this is something that rotates every day.
And also a grocery store does not need or is not too concerned with good marketing or more marketing. as long as we don't take a lot of profit from one item, for example, other stores sell rice at such a price and they sell rice at almost the same price as that store but below the store's price (close enough) this will be a consideration for mothers who always shop for their daily needs and they will also certainly pursue stores that have lower prices even though the price is only slightly different. So in my opinion, if you open a grocery store, you don't have to take a lot of profit as long as it is running and crowded with buyers.