10 Small Businesses You Can Start With $10000 or Less

Canada holds the position of being the tenth-largest economy in the world, with a GDP of $2.21 trillion in 2024. Known for its natural resources, the country has a massive land area and is positioned next to the superpower USA. It is one of the biggest traders and generates billions through exports. Its diversified and globalised economy offers several business opportunities with a favourable climate for start-ups and small entities. The highly developed nation generates strong revenue, and its labour market is improving after the gap created by the pandemic.

Canada is one of the most feasible destinations for starting or buying a business. However, many individuals do not take the plunge because of funding issues. It keeps them from realising their potential as a successful business owner and contributing to the economy. Lack of financing to avoid entrepreneurship has become a thing of the past. Many new avenues are opening up with low-investment businesses that anyone can acquire. Here is a list of 10 small businesses that can be started with $10,000 or less. These options can help individuals live their entrepreneurial dreams.

1. Online Consulting Services

Several professionals with expertise in accounting, law, business coaching, academic tutoring, and other in-demand skills can start an online consulting business. They must offer specialised services to customers over the Internet using virtual meetings. The business must be registered and the required licenses must be acquired to follow the regulations of the state. Also, entrepreneurs must choose a business structure to get registered. To eliminate all this hassle, they can acquire an existing entity in the marketplace and start earning without delay. The business can be operated from home without any investment.

2. Pet Walking and Sitting Services

More than 55% of Canadian homes have a pet. Most pet parents find it difficult to take time out of their busy schedules to take their dogs for a walk. They even struggle to find a pet sitter when going out. Thus, starting a pet walking and sitting services business is an ideal way to become an entrepreneur with no money. It needs zero investment and can be started by any animal lover with some experience handling dogs and cats.

3. Digital Marketing Business

Digital marketing is the need of the hour because of the large number of internet users. The cost-effective method helps to reach a wider audience and engage them to increase sales and online conversions. However, small businesses do not have the expertise to manage online advertising, tracking analytics and engaging the audience with content marketing. Thus, individuals with expertise in the field can start this service or purchase an established business for sale Canada to showcase their talent and grow significantly. It only requires a computer and an Internet connection.

4. YouTube Content Creator

YouTubers are audio-visual content creators sharing their vlogs and reels over social media. They can earn significantly by allowing ads to play on their channel through the YouTube Partner Program and doing paid promotions for brands. They can also earn from fan funding, sales of products related to their content, and licensing of their videos for other marketplaces for a fee. This business can be started with minimal investment in audio-visual equipment and can generate exceptional returns if the channel gets considerable subscribers.

5. Commercial Cleaning Services

Urban dwellers have little time to invest in home cleaning, and aged couples find it challenging to maintain their residences. These people need cleaning service providers for hygienic living. In addition, commercial properties need regular cleaning to keep their workplaces in optimum condition. Thus, commercial cleaning services are in high demand in the country. Any individual with an entrepreneurial spirit and a passion for cleaning can start this business with some cleaning supplies.

6. Virtual Assistant Services

Virtual assistants are in demand among directors and CEOs of big organisations who work tirelessly to maintain their profits and services. The business can help individuals with organisation and communication skills to excel by extending their assistance to busy business leaders. It is one of the best zero investment business opportunities in Canada that can help earn a significant income with a work-life balance. The home-based venture involves offering administrative services to high-profile clients and earning substantially.

7. Catering or Food Truck Business

Food is an essential service that cannot go out of demand. Catering services and food trucks are even more stable because they require the least funding and can offer contactless deliveries that can continue in all circumstances. Food businesses can be started easily but must comply with the regulations of the state and maintain food safety standards. Buying one of these businesses for sale in Canada reduces the hassle of acquiring the equipment needed to run a commercial kitchen and branding material. Individuals passionate about cooking and food entrepreneurship can jump on the bandwagon with limited funds and grow big through hard work.

8. Personal Trainer Services

Fitness is a fast-growing industry in the country with revenue from gyms reaching $2.95 billion. A wide range of fitness studios and health clubs are mushrooming in urban areas with large populations to cater to their fitness needs. Also, many Canadians are suffering from health issues and body weight troubles, which make entering this industry as an entrepreneur highly rewarding for fitness enthusiasts. Certified personal trainers can even provide online services to several clients and charge per session to build cash reserves.

9. Dropshipping

Entrepreneurship becomes easy and low-risk with dropshipping. It involves selling products through an existing online marketplace or setting up a virtual store with the help of online store builders. The business owner does not fulfil orders from customers but sends them directly to the supplier responsible for packing and delivering the goods to the customers. It is convenient because the business owner does not have to stock products. They have to manage the virtual storefront and market the products to get orders to generate profits.

10. Real Estate Agent

Individuals with a keen interest in the property market can look for real estate businesses for sale in Canada. These entities do not require an office and can start operating with the help of a website that requires low funding. They can find clients through effective networking and identification of investors. Real estate agents must be qualified and licensed and understand the property market to guide sellers and assist buyers in finding the best deals across locations. Property transactions can help real estate agents generate sizeable profits.

Wrapping Up

Starting a business for less than $10,000 has become easier than ever with the help of the Internet. A wide range of businesses can be established and operated online or from the comfort of the owner’s house. The abovementioned options can help individuals with low funds kick-start their entrepreneurial journeys.