Suitable budget for small home based business.

[adazeez1995]

Starting a business have never been quite easy, considering what you have to pass through in order to raise capital towards setting up and running a profitable business. Alot of banks are not even ready to fund you. But if you are determined, there are some small but fast growing businesses you could start off with even less 300 dollars in Nigeria. They include sales of used books, office and stationery supplies, roadside food vending and so on

 

[Quert]

I think $100 will give you aready enough things to start your business , these businesses would be like having a car wash beside your house or near a place that are near to more people. Just make sure to use things wisely in order to avoid shortage on budget.

 

[Jimmie150]

I feel it depends on the kind of business the person wants to go into at that point in time. But there are a lot of small scale home business with good profit that one can venture into without much stress.

 

[Sake]

When someone mentions Home based small business all i can think of is Online selling .. i don't know why maybe because it's a hit nowadays and for that business i think if i were to try $300 will be enough for me as my minimum capital funds to start it.

 

[Akinwale701]

All people can't afford large scale business . Mostly want to start small business from home which is easy to start and handle. Houseladies or pensiones people usually like to start small scale business from home.
So what is the best Minimum budget ?

Well, the minimum budget depends on the amount of money you have in your capacity to spend as far as small scale business is concerned. Sometimes people's minimum budget may be your maximum budget and vice versa, it's been a fact that all fingers are not equal. My advise is that do things that you can afford and do not copy anybody.

 

[Cybersec]

Starting a small scale business depends on the nature of the business and where your location is. If you live in an area where land is at your fingertips, you can invest with less than $500 with small and medium scale businesses. There are series of small scale businesses that can work for better businesses in future.

 

[Shoaib5600]

Yes, you are right. Not everyone can start a business on a large scale. So I think you should have at least 500$ to start a home-based business. And there should be a backup of five hundred dollars so that you can use it in case of loss in business.

 

[Usama Iqbal]

It is very difficult to start a business whatever the business is small or big. There are many home small scale business that giving best profit. If you want to start a small business i think it depends upon your money that you have. I think clothes business is profitable . It is very profitable business.

 

[Emma Aneni]

Starting a small scale business depends on the nature of the business and where your location is. If you live in an area where land is at your fingertips. I think $1000 can start a good small scale business.

 

[Ebensco]

Situable Budget on small scale business is very important because every business can not thrive well without situable Budgeting.
It is very important to know so much that can be use to start a business because when you fail to plan financially business hardly can float well. Situation budget and limited amount is necessary so as to set up a functional business.

 

[Sheyemanu]

The budget for a small scale business at home depends on a number of factors. It depends on the nature of the business you're diving in. Is it digital marketing, dropshipping, or the likes. It also depends on what your vision for the business is, how big do you want your outreach to be, these are questions you need to ask

 

[Abigael]

The amount used to start a business is not the same for everyone. It will depend on your location's economy and the type of business you want to start. Some small home based businesses require less capital and resources than others. So you will have to budget well for your type of business.

 

[Henrywrites]

I think $100 will give you aready enough things to start your business , these businesses would be like having a car wash beside your house or near a place that are near to more people. Just make sure to use things wisely in order to avoid shortage on budget.

Well, $100 is good, but how long is it going to sustain the business? This is something you should ask yourself. Using as much as $500 to establish your home business will give you opportunities to do better marketing for your business and that's very good.

 

[Ayokex]

Small home based businesses are not capital intensive and so they require very little capital. Someone can start such a business with as little as 25,000 naira. Most of these businesses don't really require renting a business location because they can be managed at home. The major plan for such business is the marketing plan. One needs to make a proper plans on how to get sales

 

[Youngdee]

Since what we are talking about here is a small scale business I think $500 is okay to start with. There are cases where people start with amount below that while some may feel this can help depending on the business idea, but no matter what business you go as long as it a small scale business you just wanna do in a small area or in a small position. I bet that should start up as the capital.

 

[Ebensco]

Starting a small scale business depends on the nature of the business and where your location is. If you live in an area where land is at your fingertips, you can invest with less than $500 with small and medium scale businesses. There are series of small scale businesses that can work for better businesses in future.

 

[Kelly5]

All people can't afford large scale business . Mostly want to start small business from home which is easy to start and handle. Houseladies or pensiones people usually like to start small scale business from home.
So what is the best Minimum budget ?

All fingers are not equal. Someone may say a budget of the of $300 may be okay for him or her to set up a house business. Another might just say his is a thousand dollars. Different strokes for different folks I guess.

 

[Ezzyoj]

Amount required for Starting a business will depend on the business one want to go into, the rate of consumption of the consumers in the business area and also the capital that is available. A small scale business requires strong feasibility studies before starting.

 

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