What kind of business I can start with £10000 in London?

Starting a business in London with £10,000 is definitely possible, but the best option for you will depend on several factors, including:

Your abilities and experience: What do you excel at? Do you have any specific knowledge or training that could be applied to a business?

Personal hobbies and passions: What are you enthusiastic about? Starting a business in something you enjoy will make the journey more fulfilling.

Market demand: Is there a need for your product or service in London? Do some research to understand the competition and potential customer base.

Startup costs: Consider the costs involved in launching your business, such as equipment, inventory, marketing, and legal fees.

Here are some potential ideas for businesses you could start in London with £10,000:

Low-investment businesses:

• Freelance services: Offer your skills and expertise as a freelancer, such as writing, editing, graphic design, web development, or photography.
• Consulting: If you have specific industry knowledge, you could offer consulting services to businesses.
• E-commerce: Start an online store selling handmade crafts, vintage items, or other unique products.
• Tutoring or teaching: If you have expertise in a subject, offer tutoring or teaching services to students online or in person.
• Dog walking or pet sitting: Offer pet care services in your local area.

Service-based businesses:

• Mobile food stall: Sell street food or coffee at markets and events.
• Cleaning service: Offer residential or commercial cleaning services.
• Personal shopping: Help clients find clothes and accessories that suit their style and budget.
• Errand service: Run errands for busy professionals or seniors.
• Event planning: Organize small events for individuals or businesses.

Product-based businesses:

• Upcycled crafts: Sell handmade crafts made from recycled materials.
• Baked goods: Sell homemade cakes, cookies, or other baked goods at markets or online.
• Jewelry making: Design and sell unique jewelry from your own workshop.
• Soapmaking: Make and sell homemade soaps and bath goods.
• Candle making: Make and sell scented candles with unique fragrances.

Franchise opportunities:

Several franchises require an investment under £10,000, offering established business models and support. Research options that align with your interests and budget.

Additional resources:

• Startups.co.uk: https://www.startuploans.co.uk/business-guidance/how-to-start-a-business/
• Real Business: https://realbusiness.co.uk/
• Point Franchise: https://www.pointfranchise.co.uk/
• London Business Guide: https://www.london.gov.uk/programmes-strategies/business-and-economy

Remember, starting a business requires careful planning, hard work, and dedication. Before making any decisions, conduct thorough market research, create a business plan, and consider seeking professional advice from a business advisor or accountant.

 

Categories: Business