7 Most Profitable Businesses With Low Startup Costs In 2020

3.Catering

If you are skilled at cooking and preparing various recipes for social events, then you are in business. Just register your business and print out cards to advertise your services in your town to keep customers coming to you. With enough culinary skills, you can make a business out of your cooking pastime and even employ temporary staff to work with you.

Your skilled expertise at cooking various dishes and mixing cocktails will endear your catering services to people, and you might be hired to cook for wedding receptions, homecoming ceremonies, and other social parties. Depending on your fees and the budget of your customers, you may expect to earn a profit of up to $3,000 after deducting necessary expenses. Catering is a low-cost business that can grow into a restaurant business over time.

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