Best Businesses to Start with £10k in the UK in 2023
Starting a business in the UK can be a daunting prospect, especially if you’re working with a limited budget. However, there are plenty of business opportunities that can be started with £10,000 or less. In this article, we’ll explore 14 of the best businesses to start with £10k in the UK in 2023.
1. Freelance Writing
With a passion for writing and some basic marketing skills, you can start your own freelance writing business. Freelance writers can earn a good income by writing for websites, blogs, and social media platforms. You can find clients on freelance job websites, such as Upwork and Freelancer, or by networking with other professionals in your industry.
2. Personal Training
If you’re passionate about fitness and have some experience in personal training, you can start your own business as a personal trainer. You can offer one-on-one training sessions, group fitness classes, or online coaching. You’ll need to invest in some equipment, such as weights and exercise mats, but you can keep costs low by renting a studio or training clients at their homes or outdoors.
3. Pet Grooming
If you love animals, starting a pet grooming business can be a great way to turn your passion into a profitable business. You can offer grooming services for dogs, cats, and other small pets, such as rabbits and guinea pigs. You’ll need some basic grooming equipment, such as clippers and brushes, and you can market your business through social media and local advertising.
4. Virtual Assistant
As a virtual assistant, you can offer administrative and support services to businesses and entrepreneurs from the comfort of your own home. You can offer services such as email management, data entry, and social media management. You can find clients on freelance job websites or by networking with other professionals in your industry.
5. Personal Shopping and Styling
If you have a passion for fashion and love helping others look their best, you can start your own personal shopping and styling business. You can offer one-on-one shopping trips or styling sessions, and you can market your business through social media and local advertising. You’ll need to invest in some basic styling tools, such as a measuring tape and colour wheel, but you can keep costs low by renting a studio or working from your own home.
6. Cleaning Services
If you’re a stickler for cleanliness, you can start your own cleaning services business. You can offer services such as domestic cleaning, commercial cleaning, and specialised cleaning, such as carpet and upholstery cleaning. You can find clients by advertising locally and on social media, and you’ll need to invest in some basic cleaning equipment and supplies.
7. Mobile Hair and Beauty
If you’re a qualified hairdresser or beautician, you can start your own mobile hair and beauty business. You can offer services such as haircuts, manicures, and facials, and you can travel to your clients’ homes or workplaces. You’ll need to invest in some portable equipment, such as a mobile hairdressing chair and a portable beauty bed, but you can keep costs low by renting a studio or working from your own home.
8. Tutoring
If you have a talent for teaching and a passion for helping others, you can start your own tutoring business. You can offer tutoring services in a variety of subjects, such as maths, science, and English, to students of all ages. You can find clients by advertising locally and on social media, and you’ll need to invest in some teaching materials, such as textbooks and educational games.
9. Gardening Services
If you have a green thumb and enjoy spending time outdoors, you can start your own gardening services business. You can offer services such as lawn mowing, hedge trimming, and garden maintenance. You can find clients by advertising locally and on social media, and you’ll need to invest in some basic gardening equipment, such as a lawnmower and hedge trimmer.
10. Social Media Management
If you’re a whiz with social media, you can start your own social media management business. You can offer services such as content creation, posting, and engagement to businesses and entrepreneurs. You can find clients on freelance job websites or by networking with other professionals in your industry, and you’ll need to invest in some social media management tools, such as a scheduling app and analytics software.
11. Food Truck
If you’re a talented chef or cook, you can start your own food truck business. You can offer a variety of foods, such as burgers, tacos, and sandwiches, and you can find locations to park your food truck, such as at festivals, markets, and events. You’ll need to invest in a food truck and some cooking equipment, such as a grill and fryer, but you can keep costs low by renting a food truck or buying a used one.
12. E-commerce Store
If you have a product or service to sell, you can start your own e-commerce store. You can sell anything from handmade crafts to digital products, such as ebooks and courses. You can use platforms such as Shopify or WooCommerce to set up your online store, and you can market your products through social media and digital advertising. You’ll need to invest in some website design and development, as well as some inventory or product creation costs.
13. Event Planning
If you’re a natural planner and love organising events, you can start your own event planning business. You can offer services such as weddings, birthdays, and corporate events, and you can find clients by networking with local vendors and businesses. You’ll need to invest in some event planning software and tools, such as a project management app and event design software.
14. Translation Services
If you’re bilingual or multilingual, you can start your own translation services business. You can offer services such as document translation, interpretation, and language coaching. You can find clients by advertising locally and on freelance job websites, and you’ll need to invest in some translation software and tools, such as a language dictionary and grammar checker.
Starting a business with £10k in the UK may seem challenging, but there are plenty of opportunities for entrepreneurs to start and grow their own businesses. By choosing the right business idea, investing wisely, and marketing effectively, you can turn your passion into a profitable business. Use these 14 business ideas as inspiration, and don’t be afraid to get creative and think outside the box.