7 Types of Small Scale Business You Can Start Today

Are you looking for a way to earn some extra income or pursue your passion? Starting a small scale business might be the answer. A small scale business is one that operates with a low budget, few employees, and limited resources. There are many types of small scale business you can start today, depending on your skills, interests, and goals. Here are some examples:

1. Freelancing

If you have a marketable skill, such as writing, graphic design, web development, or photography, you can offer your services online to clients around the world. Freelancing gives you the flexibility to work on your own schedule and choose the projects that suit you best. You can use platforms like Upwork, Fiverr, or Freelancer to find gigs and showcase your portfolio.

2. Blogging

If you have a passion for a topic and enjoy writing, you can start a blog and share your knowledge and opinions with others. Blogging can be a fun and rewarding way to express yourself and connect with like-minded people. You can also monetize your blog by displaying ads, selling products, or offering sponsored posts. You can use platforms like WordPress, Blogger, or Medium to create and host your blog.

3. E-commerce

If you have a product to sell, you can start an e-commerce business and reach customers online. E-commerce allows you to sell anything from handmade crafts, clothing, books, or digital products. You can use platforms like Shopify, Etsy, or Amazon to create and manage your online store.

4. Consulting

If you have expertise in a field and can help others solve problems or achieve goals, you can start a consulting business and offer your advice and guidance. Consulting can be a lucrative and satisfying way to share your knowledge and experience with others. You can use platforms like Clarity, Coach.me, or Udemy to market your services and deliver your sessions.

5. Tutoring

If you have a knack for teaching and can help others learn a subject or skill, you can start a tutoring business and offer your lessons online or in-person. Tutoring can be a rewarding and fulfilling way to make a difference in someone’s education and life. You can use platforms like Wyzant, Tutor.com, or Preply to find students and set your rates.

6. Podcasting

If you have a voice and a message to share, you can start a podcast and create audio content for your audience. Podcasting can be a creative and engaging way to communicate your ideas and stories with others. You can also monetize your podcast by attracting sponsors, selling merchandise, or asking for donations. You can use platforms like Anchor, SoundCloud, or Podbean to record and distribute your podcast.

7. Catering

If you have a talent for cooking and enjoy serving food, you can start a catering business and provide meals for events or occasions. Catering can be a fun and profitable way to showcase your culinary skills and delight your customers. You can use platforms like Thumbtack, CaterCow, or ezCater to find clients and manage your orders.

These are just some of the types of small scale business you can start today with minimal investment and resources. All you need is a good idea, a plan, and a willingness to work hard and learn along the way. Starting a small scale business can be challenging but also rewarding. You can achieve your personal and professional goals while doing something you love.

Types of Small Scale Business

Small scale businesses are types of enterprises that have a small number of employees and/or less annual revenue than regular-sized businesses. They are usually owned and operated by individuals or partnerships, and they often serve local markets or niche segments. Small scale businesses can provide communities with products and services that meet specific demands or needs, as well as create employment opportunities and contribute to economic development.

Trends in Global Demand for Small Scale Businesses

The global demand for small scale businesses varies depending on the industry, location, and customer preferences. However, some general trends can be observed across different sectors and regions. For example:

The COVID-19 pandemic has increased the demand for small scale businesses that offer online or delivery services, such as e-commerce, food delivery, digital marketing, and web design. These businesses can adapt quickly to changing consumer behavior and offer convenience and safety to their customers.
The rise of social media and influencer marketing has boosted the demand for small scale businesses that specialize in creative or artistic products, such as handmade crafts, jewelry, clothing, and cosmetics. These businesses can leverage the power of social media platforms to reach a wider audience and showcase their unique value proposition.
The growing awareness of environmental and social issues has stimulated the demand for small scale businesses that promote sustainability and social responsibility, such as organic farming, recycling, renewable energy, and fair trade. These businesses can appeal to customers who are conscious of their impact on the planet and society.

References:

https://www.federalreserve.gov/pubs/feds/1998/199815/199815pap.pdf

https://fas.org/sgp/crs/misc/R40860.pdf

https://en.wikipedia.org/wiki/Small_business
https://www.indeed.com/career-advice/career-development/small-business-types
https://www.investopedia.com/terms/s/smallandmidsizeenterprises.asp
https://mydukaan.io/blog/small-scale-business-ideas/
https://www.toppr.com/guides/business-studies/small-business/meaning-and-nature-of-small-business/

https://www.upwork.com/

https://www.fiverr.com/

https://www.freelancer.com/