Business ideas

Lucrative business ideas requiring little capital

The prices of everything in Ghana keep rising except wages. At a time when the prices of goods and services keep increasing day by day, it is important for every individual to find ways to earn money or even extra money, even if you are already working hard. 8 to 5.

Lately, however, there have been calls for young people to take up entrepreneurship, as the number of jobs currently available does not match the number of graduates coming out of college each year.

Finance Minister Ken Ofori-Atta noted in 2021 that the government payroll was full, so no vacancies for people looking for work. He further encouraged school leavers to create jobs for themselves.

Even though the news was met with mixed reactions from the public, some noted that starting a business or starting one is not a problem, but the start-up capital.

In this article, we will explore various business ideas that, when executed, can fetch thousands of Ghanaian cedis but do not require a huge sum, to get started.

1. Professions that require skills
Businesses that require the provision of services never go out of season and hence their longevity can be assured. First of all, these skills can be learned by reading and watching tutorials on the internet.

With consistent practice and determination, you can become a pro while earning money. Right from the start, you can start providing home services to interested people while you save up to expand.
These skills include hairdressing, shoemaking, barbering, sewing, crocheting, makeup, etc.

Technological skills
As the world gravitates towards technology, there is a high demand for people who are interested in information technology. Those in the Tech space have testified to the juicy benefits they derive from tech offerings. These skills can be learned by having an electronic device i.e. a phone or laptop and an active source of the internet. These skills include coding and graphic design.

Manufacture of fruit juice and soap
Making fruit juice with very good packaging is a lucrative business because many people find it difficult to eat fruit. Therefore, a juice cap that will provide them with fresh juice daily would be much appreciated.

The same goes for soap making, there are so many videos online on how to mix soap making ingredients for personal and professional use.

Buy and sell
Deciding what to buy and sell and how much capital is needed is the hardest part for most people. But with perfect planning, it can be executed to the letter.

Identify your target market and location. Luckily, delivery services are currently everywhere, so your location isn’t much of a barrier anymore. Items that can be sold include groceries, dresses, jewelry sets, cosmetics, and more.

However, no matter what you decide to do, make sure you have learned good money management skills so that you can make the most of the income from the business.

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