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What are some profitable small business ideas that can be started with an investment of under $2,000
Bookkeeping, accounting, tax preparation, and payroll services: According to a 2017 Sageworks report, these services have a high net profit margin of 184%.
Auto detailing or mobile car wash: A mobile car wash service can be started with minimal investment, and all you need to procure is a vacuum, a pressure washer, and a buffer.
Pet care services: A dog walking business is an excellent opportunity for someone who loves dogs and is good with other people's dogs. You get out every day and enjoy fresh air with grateful dogs.
Home improvement services: With the housing market seeing its highest pace of growth since 2005, there is a demand for home improvement services.
Tax preparation: With more and more people starting small businesses, the need for guidance when handling taxes is only increasing. While a degree isn't required to start this business, all tax preparers need a Preparer Tax Identification Number (PTIN) which the IRS provides for free.
Food truck or restaurant popup: Opening a food truck or restaurant popup is a great startup idea for entrepreneurs with a knack for cooking. Both options are easier to launch than a traditional restaurant.
Amazon business: You can start an Amazon business with a budget of under $2,000. You'll need a somewhat creative mind, two hours per day to work on this side hustle, an internet connection, a legal company LTD UK or LLC USA, and a bank account.
Regional banks: According to Statista, regional banks are the most profitable financial business, realizing 3031 percent in profits as of January 2023.
Jazzercise franchise: Buying a Jazzercise franchise involves submitting an initial investment, finding an ideal location, and polishing up those dance moves.
Low-cost franchises: NerdWallet lists 12 low-cost franchises to start a business, including Jazzercise, which has a low franchise fee and a high potential profit margin.
These are just a few examples of profitable small business ideas that can be started with an investment of under $2,000. With the right mindset and a willingness to work hard, any of these businesses could be a great opportunity for an entrepreneur looking to start their own business.
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