Starting a business on a shoestring budget can be daunting, but it is possible. With some creativity and hard work, it's possible to launch a business with minimal funds.

From online businesses to brick-and-mortar stores, there are numerous options available. To help you get started, we've assembled a list of 12 businesses you can start.Some research, planning, and work, you could soon be on your way to financial success.

1. Virtual Assistant

Level of Effort: Medium
Earning Potential: Medium
Flexibility: High

My Overall Rating: 4 Star

If you're detail-oriented and have experience managing others, starting a virtual assistant business is the best fit.

Starting a virtual assistant business is a great way to launch your business with minimal overhead costs and can lead to a profitable and rewarding career.

Here are some steps to get started with a virtual assistant business:

• Pick the services or niches you will offer and develop your skills in that niche. Many business owners and organizations require an assistant for data entry, customer inquiries, project management, scheduling, etc.

• Develop a website and social media presence to market your virtual assistant services. As you build your virtual assistant business, you should focus on creating a solid portfolio that showcases your skills and examples of projects you've completed in the past.

• Utilize freelancing platforms such as Upwork and Freelancer to find potential customers.

• Invest in software tools to manage projects and tasks as you acquire more clients.

• Offer competitive prices and excellent customer service. This can help you acquire more clients and ensure your clients are satisfied with your work. Stay organized, be responsive to customer inquiries, and be able to juggle multiple projects without sacrificing quality.

The virtual assistant business can make a full-time income for you from home. Kayla is a virtual assistant (VA) and project manager who earns over $10,000(N4,604,900) monthly while working from home. Her first month's income was $285(N131,239.65).

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