Start your business in Belarus
Business ideas are concepts that help you start your own business. The main thing is to choose the right business idea. In this case, you must rely only on your own strengths and give preference only to those ideas that are personally closer to you. Perhaps there are some skills, abilities or relevant special education.
What are business ideas?
Business ideas are a way to make money and start your own business. Their feature is availability. Since such business ideas are designed for a wide range of people and involve a minimum of investment. Meanwhile, the success of this or that undertaking depends on several conditions. They are universal and fair to any type of business:
- Own funds. Do not rely on credit money. It is advisable to do without loans at all. Indeed, at the initial stage, it is completely unclear how profitable the business will be. Therefore, if you have to take out a loan, then its size should be within the capabilities of the borrower. Otherwise, a business, instead of a stable income, can simply lead to disaster;
- The demand for a particular business must be taken into account. At the same time, great demand means great competition. A new business will have a difficult time in a busy market. At the same time, the sale of famous goods or the provision of popular services will find their client and this will give an opportunity to get on their feet. And unique, little-known offers are good because the level of competition will be low or there will be none at all. This is good, but you have to try to find your target audience;
- Legal arrangement. You should not choose an activity that will require a complex design. As a rule, this is also associated with serious tax deductions;
- Rent of premises. If there is a limited budget, then you should choose a case that does not require a large room. Ideally, it is best to do with your own space. There are many options that can be organized either completely without premises or on your own personal plot.
Popular business ideas with minimal investment
Business ideas 2021 with minimal investment are profitable and promising concepts that do not imply large-scale investments. Among them, the most famous can be distinguished:
- business ideas with minimal investment, this is dropshipping. Such a business means trading the manufacturer's goods online and making the difference in profits as your own income. To do this, you can rent an online store and pay very modest rental fees;
- tire fitting. For such a business, you do not need a long registration. He always has a large number of clients and is in demand regardless of the season. In addition, the equipment can be purchased used. And for the first time you can do it yourself and one employee;
- greenhouse business. This is another interesting option. You can make greenhouses with your own hands and arrange heating in them. For this, there will be enough materials at hand. There is no need to hire employees, because all the work at the initial stage can be done independently. In addition, the greenhouse business can be engaged even without any registration. This will help save a lot of money and withstand a difficult period of formation;
- raising poultry. Chickens, turkeys, geese and other poultry are very unpretentious and do not need large rooms. Such a business can be started in a garage or on a personal plot. At the same time, poultry meat is always a popular product on the market;
- making souvenirs. Despite the increase in the tourist flow to Belarus, the souvenir market is not sufficiently developed. Therefore, it is an affordable niche with great growth prospects;
- a small cafe or canteen. This option will be good for those who have a culinary education or are good at cooking. Eating outlets with inexpensive homemade food are always popular. Such a business can bring good profits and develop steadily;
- a sewing workshop. Sewing and repairing clothes is always beneficial. And if you sew children's things and hand them over for sale, then you can grow to your own store in one year. After all, high-quality domestic things are always interesting to consumers;
- an online store. You can trade on the Internet with the same goods as in a regular store. At the same time, Internet commerce does not need its own warehouse premises, sales areas and large staff. Therefore, such a business is economical and profitable;
- flower trade. Flower shops are a stable and promising business. Bouquets, seedlings and other related products are invariably in demand;
- if there is a passion for photography and appropriate equipment, then such a hobby can be easily turned into a flourishing business and shoot weddings, weddings, anniversaries, christenings and so on.
IMPORTANT. For photo and video services, you may not even register as an individual entrepreneur for the first time, this will save money. And if you have your own equipment, you can practically do without investments. Such business ideas with minimal investment will allow you to get on your feet and develop your own business in a short time.
Small Business Business Ideas
Small business internet business ideas have many advantages. So, such business ideas of a small business do not need their own employees. A universal call center can receive calls. In addition, such small business business ideas do not imply the presence of their own warehouse or office space. These can be started to be implemented while at home.
One of the most effective ways to tangibly improve the level of prosperity in Belarus is to implement a good small business idea. What kind of business to do in the Republic of Belarus is a question that does not have an unambiguous answer. The choice largely depends on the preferences, location and start-up capital of a particular person. But the good news is that there are enough ideas to start a business for people with different levels of resources.
The catalog of ideas for business in the Republic of Belarus includes many profitable areas. If we analyze them, we can identify several promising segments. These are the following business categories:
How to start your business in Belarus
Our community has representatives from different CIS countries. We are trying to prepare materials that will satisfy the needs of each of our readers. Therefore, we wrote several articles on the topic “How to start your business from scratch”, and each of them is dedicated to a different country. We started this cycle with the article “How to start a business in Russia”. And today let's turn to Belarus.
Belarus is an amazing country with rich opportunities for business development. If you approach planning issues correctly, study the legislative side of running a small business, you can achieve all your goals.
We have already written more than one article about choosing a niche, so we will not delve into this topic again. But if you still do not know how to choose the right niche, then the following materials will help you:
Suppose you have decided on the direction of your business and clearly know what you want to do. If the name of the company is also chosen, then it's time to register the company. State registration of a business in Belarus implies the creation of a legal entity or registration of a private entrepreneur. The legislation of this country clearly provides for the amount of a fine for entrepreneurial activities carried out without a permit (license).
What is the difference between an individual entrepreneurial activity (IE) and an activity with the creation of a legal entity?
SP - this kind of activity is easier, faster and cheaper to register. You don't need premises or staff. The accounting and tax payment system is also simpler in comparison with a legal entity.
Creation of a legal entity is a more complicated procedure. Registration will take time; the entrepreneur must have a legal address, the number of employees must necessarily be a chief accountant (if the staff exceeds 15 people).
What mistakes should not be made when opening a business in Belarus?
In general, opening a small business in Belarus is not costly in terms of finance. But you need to prepare efficiently and competently so that your business meets your expectations.
Hardly anyone can argue with the fact that it is small and medium-sized businesses that have a significant impact on the economy. Not everyone can afford to engage in large-scale production, but everyone can arrange small supplies or provide various types of services.
Before starting your business in any country, you need to know some points. Each country and each region differs in its own requirements, legislative norms that apply to entrepreneurs. And so that there are no undesirable situations and problems in the future, you need to study all this well. Specifically, this article will focus on Belarus.
First, it is worth mentioning that the attitude towards small business in Belarus is good. In addition, the state always encourages everyone who wants to start their own business, providing various benefits. But the most important feature is the fact that there is practically no corruption in this country. Therefore, when making decisions, officials rely on the potential of a future business idea. That is, what are its prospects, how relevant it is and whether it will be in great demand. And this can speak volumes. And any businessman can be sure that he will be listened to carefully and help to establish business.
No one can give any guarantees that the business will be completely successful. That is, you need to weigh all the risks well. Everything directly depends on the approach to business, aspiration, desire to work, patience and some other personal qualities.
Great prospects can be expected for an entrepreneur in the field of trade, mediation, catering. Here you can find many interesting ideas that can attract attention from the local population.
There may be several options here:
- open your own store selling building materials;
- provide repair services;
- open a design studio.
You can try to prove yourself in the industry, producing essential goods. You just need to correctly calculate your strength and choose exactly the option that will bring good income. An option for beginners is light industry, as there is no need to purchase expensive equipment.
As already mentioned, in Belarus, start-up entrepreneurs are supported in the form of various benefits. Thus, there should be no problems when registering your business.
For any cafe, the most important thing is service. With quality service, there will be no end to customers. It is the same and vice versa - if the institution has poor service, no bait will be able to lure customers.
It is necessary to decide whether it will be a small cafe, where visitors will be offered only coffee or tea of different varieties with a small list of products. Or this will be a small restaurant where everyone can go and have a snack. Accordingly, the cuisine here will be richer and the assortment is wider. In the future, you can diversify your meals.
This business idea is relevant for Belarus, since it is a waste-free production. Even the husk from the seeds is a necessary raw material for the manufacture of fuel pallets. And for many farmers, this is an additional source of fertilizer. The cake and meal, which are formed after pressing the seeds, are pressed and used as a nutritious and useful feed. Thus, it is possible not only to sell the oil itself, but also to sell the resulting useful waste. And this already significantly increases the profit from oil production.
Statistical data on the Belarusian market research indicate a solid annual growth in the share of entrepreneurs. This circumstance provides the prerequisites for the development of your own business idea from scratch, since the territory has sufficient advantages for the formation and development of a business.
Among the factors that favorably affect the existence and functioning of a business with minimal investment in Belarus are the following:
- Ease of registering a case;
- Rapid acceptance of the idea by the market;
- High economic potential of the country;
- Stable economic setting;
- Benefits for entrepreneurs working in priority areas;
- Availability of free economic zones;
- A large number of low-competitive areas for the development of commercial activities;
- Flexibility of the taxation system.
Intra-territorial features of the implementation of the entrepreneurship policy include such moments as:
- Weak legal framework;
- Reluctant private investment;
- High penalties and penalties for non-compliance with applicable law;
- Relatively high interest rates on loans and rent;
- Insecurity of business entities from constant control and interference by the authorities.
Most popular and less competitive small business ideas in Belarus
The IT industry in Belarus is at the stage of development, so a potential entrepreneur with sufficient knowledge in this area should consider the direction as an idea for a business from scratch.
The residents of the country will be interested in how traditional areas of service are:
- Computer repair;
- Software installation;
And those that have become in demand thanks to the widespread development of the Internet:
- Domain registration;
- Website development and online stores;
- Application development;
- Business promotion on the network ;
In addition to the above spectrum, consider the idea of providing training courses on the use of PCs and Internet marketing.
Business from scratch in Belarus
It is not so difficult for people with their own savings to start a business in Belarus. It's another matter when the very funds are not available, and experience is also lacking.
First, you need to find an idea for your future enterprise. Ideas for business await us at every step, your every thought: “Oh, it would be nice if we had in Belarus ...” - this is already an idea for business. However, you need to remember that the idea for your own business should not only be profitable, but also attract you personally.
The easiest thing in terms of implementation is to open an enterprise in the field of trade, but we must also not forget about the industry and about repair institutions.
Construction and renovation - there is always a place in this area. After all, it is not for nothing that there is an opinion that repairs cannot be completed, but only suspended for a while. People always need new residential and public premises, which means there will always be a demand for their construction.
Industry is the sphere in which you can realize yourself. Society needs various things (from matches to expensive cars), and all this can be produced by your company, you just need to correctly calculate your capabilities and choose a field of activity that will bring the maximum income. For novice businessmen, it makes sense to try their hand at light industry that do not require a lot of equipment.
Trading is a very ancient occupation that appeared with the emergence of the possibility of the goods themselves. The main thing in trade is the understanding of what the consumer needs now and what will be needed tomorrow, natural flair and ingenuity. If you have these talents, then starting your business from a commercial enterprise will be the smartest choice.
Despite the fact that there is support for small business in Belarus, which will not let you disappear in difficult times, it is still better to rely on your own strength. It is also worth refraining from large loans, because you will take money once and someone else's, and you will give your own money for a very long time.
It will also not be superfluous to consider the basics of commercial activities, how to properly maintain documentation, how to hire employees. In addition, to open a new business, you need to study your future competitors in detail, and learn from the most successful ones.
Typical mistakes of young businessmen
Where can I get money to start my own business? This is the problem that 95% of aspiring entrepreneurs face! In the article "Where to get money for a business", we revealed the most relevant ways to get start-up capital for an entrepreneur. We also recommend that you carefully study the results of our experiment in the exchange earnings: "see the results of the experiment"
Advertising is the engine of progress and should not be bypassed. However, it is dangerous to place high hopes on this progressive tool, as it can lead to the fact that the money spent on advertising is fabulous, and there were no clients and there were no clients. For a budding businessman, advertising costs should be reasonable: within 10% of all monthly expenses.