You can also lend to small business people. Since businesses are expected to make some money every day, you can lend for a week or a few days. This will reduce rate of default and increase your returns. Visit the business and assess the stocks and expected returns before lending.
With parents getting busier by the day, small children are increasingly being left at home under the care of house helps. A lot of parents are worried for the safety of their children as many house helps are known to abuse children left under their care.
Small businesses that cater to kids are hot moneymakers. Parents don’t have enough hours in the day to take care of every programmed event for their children. Talk to parents with small children who do not go to school in your neighborhood. Explain to them that you can look after their children well at a small fee. Target children between 1 year and 3 years. You do not need to start with a big place; you can use your house.
All you need to do is to buy secondhand toys, both hard and soft, to keep the children busy the whole day. Prepare to feed and wash them whenever necessary. If you have to, you can hire an assistant.
Ensure you agree with the parents on the exact time of dropping and picking the children, feeding, fees charged or any other special needs.
Since many businesses started outsourcing their cleaning services, many entrepreneurs have made good money cleaning offices and buildings. You too can join in this by setting up your cleaning services business.
This is surprisingly one of the easiest businesses to start. Depending on your set up, you can buy some buckets, cleaning rags, detergent, brushes etc and look for clients who want their homes or offices cleaned. Professionals such as lawyers, doctors, engineers or some businessmen may not employ cleaners in their offices. You can approach them and offer to clean their offices once a week at an agreed fee. You can also visit homes and offer to clean their carpets. With 4 or 5 clients, your week is fully covered.