Question: What Kind Of Business Can I Do With 50k?

What kind of business can you start with 20k?

ClaimTek.

Another franchise you can start for under $20K is the medical billing and documentation franchise ClaimTek.

With the medical industry in the U.S.

growing at a phenomenal rate, becoming involved in medical, dental and practice management consulting is a lucrative business to start..

Which industry will boom in 2020?

Fastest Growing Industries in the US in 2020Cough & Cold Medicine Manufacturing OTC. 2019-2020 Revenue Growth: 68.8% … 3D Printing & Rapid Prototyping Services. 2019-2020 Revenue Growth: 28.8% … Online Pet Food & Pet Supply Sales. … Hydraulic Fracturing Services. … Autonomous Underwater Vehicle Manufacturing.

Is 2020 a good time to start a business?

Why it’s better to start a company in 2020 than in 2019 Starting with a blank slate is your advantage in 2020. This year, the competition is weak. If the majority of these companies got started during rough economic periods, it suggests that they may not be bad times to start a company.

What business can make you a billionaire?

MEDIA AND ENTERTAINMENT INDUSTRY. … ENGINEERING INDUSTRY. … ENERGY INDUSTRY. … FASHION INDUSTRY. … HEALTH CARE. … RETAIL INDUSTRY. … FooD AND BEVERAGE INDUSTRY. … TECH AND BUSINESS SERVICES.More items…•

What is a good business to start in 2020?

If you’re ready to run your own business, consider any of these 15 great business ideas.Transcription service. Source: demaerre / Getty Images. … Professional organizer. Source: tifonimages / Getty Images. … Cleaning service. … Freelance copywriter. … Home care service. … Translation service. … Digital marketing. … Food truck.More items…•

What kind of business can I start with 50k in Kenya?

Here are the best businesses to start with 50k in Kenya.Butchery. Kenyans love food, especially various types of meat. … Movie shop. There is a high demand for western films and TV shows provided by streaming services in Kenya. … Salon/barber shop. … Hardware store. … Grocery store. … Mobile money agent. … Farming. … Milk bar.More items…•

What type of business gets the most money?

Here are the 15 most profitable industries in 2016, ranked by net profit margin:Accounting, tax prep, bookkeeping, payroll services: 18.3%Legal services: 17.4%Lessors of real estate: 17.4%Outpatient care centers: 15.9%Offices of real estate agents and brokers: 14.8%Offices of other health practitioners: 14.2%More items…•

What’s the easiest business to start?

15 Easy Businesses to StartEvent Planning. … Gardening and Landscaping Services. … DJing. … Painting. … Yoga Instruction. Image (c) Hero Images / Getty Images. … Local Tour Guide. Image (c) Zero Creatives / Getty Images. … Tutoring. Tutor helping one of her students. … You Don’t Need Much Money But You Do Need… Couple running small gardening business.More items…

What business can I start with 300k?

Best Business to Start with 300k#1. Tailoring. Provided you know how to cut and sew clothes well, you should consider tailoring as a viable choice with 300k in your pocket. … #2. Barbershop. … #3. Hair Salon. … #4. Sale of Hair Extension. … #5. Sale of Clothes. … #6. Dry Cleaning Service. … #7. Football Viewing Centre. … #8. Cyber Cafe.

What business can I start with 40k?

We think the cleaning industry is only going to get bigger, and Maid Simple is one of the best franchises under 40k.Java Dave’s Coffee. Expected Investment: $499.95. … Claimtek Systems. … Little Medical School. … Coverall. … Concrete Technology Incorporated. … Acti-Kare. … TGA Premier Sports. … Property Management Inc.More items…•

Which business is good after lockdown?

Doorstep Delivery Business Doorstep delivery is the best alternative business during the lockdown period, in which various types of delivery services can be initiated, such as essential items delivery, grocery delivery, pharmaceuticals delivery and alcohol delivery.

What business makes the most millionaires?

Source of wealthRankIndustryCompany1TMTAmazon2Real estateEvergrande3ManufacturingSchaeffler Group4InvestmentsBerkshire Hathaway6 more rows•Mar 18, 2018

What are the highest paying small businesses?

Most Profitable Small Businesses in 2020Personal Wellness. … Courses in Other Hobbies. … Bookkeeping and Accounting. … Consulting. … Graphic Design. … Social Media Management. … Marketing Copywriter. … Virtual Assistant Services. Finally, last on our list of the most profitable small businesses: virtual assistant services.More items…•