BUSINESS STRATEGY
Low-cost, high-return business ideas for aspiring entrepreneurs in the digital age
In the evolving world of small business ventures, there’ s a growing interest in low-cost business ideas that can offer high-profit potential. What often deters aspiring entrepreneurs is the misconception that starting a business requires a large initial investment, which can be intimidating and discouraging. But with the right strategy, even low-investment businesses can yield impressive returns, sometimes outperforming traditional, high-cost start-ups. Matt Komorowski, Chief Revenue Office at myPOS, offers practical advice for those looking to break from the 9 – 5 grind.
Even with over 5.5 million SMEs in the UK – accounting for over 99 % of the working population – many aspiring entrepreneurs hesitate to take the leap because they are put off by the significant initial investment.
However, with the UK economy facing ongoing challenges and the need to boost productivity more critical than ever – evidenced by a 12 % year-on-year increase in corporate insolvencies in England and Wales, reaching the highest level in over five years – leveraging digital tools, optimising operational efficiency and tapping into growing market trends, entrepreneurs can launch ventures with minimal capital while maximising returns.
The profit potential of lowcost businesses
The idea that higher investment guarantees high profits is no longer universally true. Today, www. intelligentcxo. com
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