Top 10 Small Business Ideas for New Graduates on a Budget

The following is a guest post by Felicia Schwartz. You can find out more about submitting guest posts here. dog walker, small business owner, easy small business ideas, business startup ideas

What could be more exciting than the idea of starting your own business after graduating from college?

When starting your own business, there are considerations that may or may not make your original start-up idea feasible, such as finances or logistics.

These factors are why you need to take an honest assessment of your resources stacked against your desired start-up, and ultimately, your potential return on investment.

It may be beneficial for you to consider seeking out online business administration courses, if you did not take any such courses in your college career. These studies may help you gain confidence in your start-up.

If you have a smaller budget, you still have plenty of options to start a business that will excite your mind, challenge your entrepreneurial spirit and give you potential return on investment.

Here are just a few ideas of businesses you could start that are safe and won’t break your newly graduated bank, but can get the ball rolling.

10 Small Businesses You Can Start Easily That Won’t Break the Bank

1. Event planner

This low overhead start-up may be right up your alley if you have excellent organizational skills. Start with friends and family to see if they have any upcoming events for which they will need help. Ask for referrals.

2. Computer Repair Service

If you studied computer technology in college and want to cash in on your highly respected skills, this is the way to go.

3. Dog groomer

People love their dogs and want to keep them looking sleek and well-groomed. If you love being around dogs and know the ins and outs of pet grooming care, or are willing to brush up on the subject, this may be just the business for you.

4. Gift basket designer

This clever gift packaging idea has been popular for quite some time and doesn’t seem to go out of style. You can please the giver and receiver by putting together a treasure trove of gifts in a creative package.

5. Professional Researcher

Use your nose for finding the perfect piece of information and provide your services to doctors, attorneys, publishing companies and others with this much-needed skill.

6. Translator

If you are fluent in several languages, you may be sitting on a goldmine. Whether you are proficient at written, verbal or both facets of a foreign language, you should be able to easily break into this field.

7. Child Care Provider

If you have a talent for working with children and you have a good space in which to safely care for them, this may be a good start-up idea for you, especially if you have a degree in child development.

Note from John: there are licensing restrictions for child care facilities and people who work in child care centers. These restrictions vary by state. You can check out more information on state licensing requirements here.

8. Consignment Shop Owner

This business can be fun and lucrative if you know good quality, second-hand clothes when you see them. The overhead will be slightly higher since you will need to rent space for the shop, but you will earn commission on clothes you didn’t need to purchase up front.

9. Landscaper

This business can begin very simply by using your own lawnmower and lawn care supplies. Begin advertising and, in our busy world, people often appreciate finding someone reliable to maintain their lawn.

10. Personal Cook

Put your culinary skills to use and cook for individuals or party events.

Choosing a career after college can be tricky, particularly in a slowly recovering economy. Finding a career that you can be passionate about might mean looking outside of your field of study—but starting your own business can also give you the opportunity to do what you love.

Felicia Schwartz, startup, business revenue, small business, easy business ideas, startup ideas, business lawFelicia Schwartz is a writer and startup partner living in Indianapolis. She writes on behalf of Colorado Technical University.




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Photo credit: Flickr/NinaZed




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