A 9 to 5 job is pretty monotonous for many. It exhausts you, and the paycheck sometimes is not satisfactory compared to the effort. Because of the pandemic, many lost their jobs, and others started working from home, coming up with brilliant ideas to start a new business.
When they say “necessity is the mother of all inventions,” it makes sense because you can save time and effort just by launching a new business idea from your home. Smart investments are not limited to only the purchase of gold. With technological advancements, people are not bound to start a new business.
But first, let’s ask a basic question.
Why invest in small businesses?
Wanting to earn more than the regular 8 hours is a sound reason to start your own business or make solid investments. The rising inflation and lack of employment are other reasons several people are always looking for keen investments.
When you invest in a small business, you can enjoy multiple advantages.
- Flexible work hours make work easier and give you control over task completion.
- Multitasking is the new means of completing a task. Daily chores are scheduled quickly.
- Say goodbye to strict office rules and dress codes.
- Even with less capital, you can start earning with low risk and so on.
An entrepreneur is always looking for wishful ideas for small business investments. This is why this blog will provide insight into small business ideas you can start from the comfort of your home.
Best business ideas for early startups
Plenty of investment opportunities are available in Pakistan, but one needs to wisely decide based on the market trends and other external factors.
1- Real estate
Have you ever visited DHA Multan? If yes, you’d know by now it’s the best spot to buy commercial and residential plots in Multan. Buying and selling plots never get old. To invest in the desired city and the latest housing projects, keep a close eye on market trends. Purchase a plot in an underdeveloped or developing area and expect high ROI in the next 5 years.
Remember to make an investment keeping the future in mind. Therefore, real estate investment is a profitable option. For instance, you can buy commercial properties such as office space, shopping malls in DHA Multan, or other popular areas. Either sell them or rent them, the choice is yours.
2- House renting
It can fall under the real estate category, but it is worth mentioning as a separate entity – currently, renting a house is one of the hottest business trends. For a side income, house rent is the safest future investment.
Renovate your house, or construct another storey for renting purposes. It’s the easiest way to earn a handsome amount while staying at home or even having a regular job.
3- Open a coffee shop
Foodservice industry in Pakistan is constantly booming. Small in size but greater in profits, a coffee shop is another small business investment within a limited budget.
Caffeine is a basic commodity and is high in demand by customers. In Pakistan, open cafe spots have outdoor and trendy setups idealizing the local cultural vibes. It brings in more customers, and no matter the limited sitting options, such spots are always jammed packed. Lahore, Multan, and Islamabad are among the most popular cities to have outdoor cafes beaming with profits and a loyal clientele.
4- Daycare center
Not all modern corporations provide daycare facilities. This topic still requires some grooming within the work culture space. So why not invest in a home-based daycare center? Every working mom is concerned about leaving their young children behind.
There’s a huge gap in Pakistan’s grooming industry; therefore, you can offer an affordable alternative option to working women. Plus, this daycare service does not require heavy investment at all. Do your research thoroughly and pick hot spots with ease of access for the customers.
Many students move from smaller cities or rural areas to urban areas for educational purposes. Finding a good, affordable, safe and reliable hostel is not easy. If you find a cheap hostel, it is too far away from the university or workplace, hence increasing the traveling expense.
Solution? Choose the locations near colleges and universities with easy access to retail shops and other accommodations. Cover all relevant facilities that an individual looks for, like kitchen, room furniture, internet access, meals, etc. Since the population is moving towards major cities like Multan and Lahore, investing in a hostel is sound.
The above-mentioned business ideas scratch just top of the list! With a limited budget, anyone can make a strategic small business investment. There are lots of other business investment options in Pakistan as well. But for a first-time entrepreneur, it’s best to invest after proper research, choose the perfect investment, and come up with a quality marketing strategy to boost their business.