An ice cream shop is a tried and tested business idea that can be started for a low cost with minimal startup costs. You can buy a franchise from an established chain or set up a stand-alone shop. Once you have built an audience, you can sell products and earn a profit through advertising or affiliate links. This business idea is also profitable, and the costs of setting up and running the shop are very low.
The first step to start a business in 2020 is to come up with a good concept. Start small and test your idea before investing a lot of money. Many businesses are more successful when they have a winning business concept. A small business that doesn’t require a lot of overhead or a large inventory is ideal for the beginner. Some examples of small-scale businesses include online resale and drop shipping. Other businesses that don’t require much startup money include transcription services, home care and pet sitting, and online teaching.
A relatively untapped startup idea is an all-in-one airport app. There are numerous travel apps for airport navigation, but a single app for all the different airports could help people find their way. It could also give information about airport maps and TSA line wait times. It could be a great product to launch under pressure and could help relieve the stress of wedding planning. However, this idea is likely to require a lot of hard work and long hours.