What Business Can I Start With 10k?

If you have come into some money, or you have managed to save up a lump sum, it can be difficult to know what to do with it. You might be tempted to spend it, or to leave it in a savings account earning a small amount of interest.

What Business Can I Start With 10k

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

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

We have put together this guide to give you some ideas for the type of business you could start with $10k. Keep reading to find out more and see how you could become a business owner.

What Makes A Good Business Idea?

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

One of the most important 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 to persevere.

It will also make your business stand out, as customers can tell when someone is passionate about what they do. Genuine passion for your business breeds customer confidence which leads to return custom and new customers from word of mouth.

The next thing you need to think about is 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? If people are able to get it elsewhere, what makes your product or service different?

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

If you can use a skill that you already have then it will be much easier for you to get started and to begin making money.

Don’t forget to keep a track of 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 Businesses Can You Start With $10k?

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


Food business often requires little investment up front 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 selling 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 you to make the items, you can figure out how much to charge in order 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 then you don’t need to invest lots of money up front to rent a premises with no guarantee of making the money back. You can start your own 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.

You will need a good website and social media pages to promote the store. You may also need to invest in some advertising to drive traffic to the website.

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 the right suppliers. If you build a good working relationship with your suppliers then they will be more reliable and you can negotiate a good price, ensuring that your services stay competitive but you continue to make profits.

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 make sure 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 some kind of marketing to make sure 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 one 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 make sure 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
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