What Business Can I Start With 10k?

If you have come into some money or have managed to save a lump sum, knowing what to do with it can be challenging. You might be tempted to spend it, or you might want to put it in a savings account, earning a small interest.

What Business Can I Start With 10k
What Business Can I Start With 10k? 2

One of the best things you can do with your lump sum of money is to start your own business.

You might be wondering what business can I start with 10k.

If you start your own business, you can make much more money and become self-employed over time. This could significantly change your financial situation and your quality of life. But what business can you start with a $10k lump sum?

This guide will give you some ideas for the type of business you could start with $10k. Keep reading to learn more and see how you could become a business owner.

What Makes A Good Business Idea?

So, you have the money and determination – all you need is an idea. But what makes a good business idea?

One of the essential things is passion. Your business idea should revolve around something you are passionate about. This will give you the motivation and the patience to keep working hard and persevere.

It will also make your business stand out, as customers can tell when someone is passionate about what they do. A genuine passion for your business breeds customer confidence, leading to repeat and new customers from word of mouth.

Next, you need to consider whether there is a demand for your business. If you try to enter an already saturated market, you will find it much harder to grow a customer base.

What can you offer people that they are not able to get elsewhere? What makes your product or service different if people can get it elsewhere?

Your business idea should be based on some skill that you have. You can retrain and get a qualification to start a business, but this will affect your business capital.

If you can use a skill you already have, it will be much easier for you to start and begin making money.

Don’t forget to track your business finances, outgoings, and profits for tax purposes. It is very important to stay on top of your accounting if you want to start your own business.

What Business Can I Start With 10k?

Here are some ideas for the type of businesses you can start with $10k.


The food business often requires little upfront investment and can be very profitable if you do your market research properly and you know how to market your services. Start by researching the local food businesses in your area to see what kind of services are missing.

There might be several businesses selling cakes, but nobody sells cheesecakes. There could be food vans serving burgers and hot dogs but none selling Thai food or vegan food.

You could set up a business creating charcuterie boards for parties and events or putting together hampers of homemade pickles with cheese.

Once you have your idea, experiment with products and try to find the cheapest way to source your ingredients. Once you know how much it costs to make the items, you can figure out how much to charge to make a profit.

You might need to get a hygiene certificate, so make sure you check the regulations in your area before you start selling.

Social media is one of the best tools to use to advertise food businesses, using lots of mouth-watering photographs to get peoples’ attention. Once customers start talking about your products, you should see your sales increase.

Online Store

If you want to start your own store, you don’t need to invest lots of money upfront to rent premises without a guarantee of making your money back. You can start an online store from your own home using your laptop or computer.

You could make your own products to sell, such as handmade jewelry or other types of crafts.

You could put together gift boxes by buying items in bulk – letterbox gift boxes are very popular for last-minute gifts. You could also work with local artists or manufacturers to sell their products.

It would help if you had a good website and social media pages to promote the store. You may also need to invest in advertising to drive website traffic.

Children’s Party Service

Working parents often struggle to find the time to plan birthday parties for their children. This is where party services come in – for a fixed fee; they will arrange the party and provide food, entertainment, and decorations. The prices can vary depending on the package and the theme.

The trick to this kind of business is to find suitable suppliers. Build a good working relationship with your suppliers. They will be more reliable, and you can negotiate a reasonable price, ensuring that your services stay competitive, but you continue to make a profit.

Don’t forget to look into liability insurance for events – if one of the children injures themselves on a bouncy castle or has an allergic reaction to the food, then you need to ensure that you are covered.


If you have a skill that is in demand, then you might be able to make money by teaching it to other people. You will need to make a website to advertise your services and spend money on marketing to ensure that people know about your business.

Academic tutoring is usually best done at the client’s house, and music lessons can be done in your home or the client’s home.

It might take a bit of time to grow your customer base, but once you have enough students, you can tutor full-time.


There are lots of business ideas that you can start with $10k. The most important thing is to ensure that there is demand for your services and that you are passionate about your business.

If you enjoyed this article, you might enjoy our post on ‘How To Start A Hot Shot Business‘.

Andre Flowers
Andre Flowers

Hello, my name is Andre Flowers and I have been a Licensed Real Estate Professional for over 24 years. I also carry several certifications, including: Certified Distressed Property Expert, Certified Global Business Professional, Certified Credit Repair Specialist.

As a current Mortgage Underwriter with 15 years of experience, I have seen my fair share of money-related issues. Whether that be high levels of debt, not enough credit, or simply a lack of funds - I’ve had clients who fit into these categories.

Here I will share tips, tricks, and experiences on how you can get yourself back in control of your finances.

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