Making Money, Starting a Business

8 Businesses to Start With $10k, $20k, $50k

Businesses to start with 10k, 20k, 50k

If you have 10k, 20k, or 50k, it might be a perfect time to jumpstart your career and invest in starting a business. That way, you’ll be able to become your own boss, work on your own schedule and make money doing something you love.

So, you’re probably wondering which business you can start when you have 10k, 20k, or 50k.

The truth is, there are many different business options for people with this amount of starting money, so you’ll be able to choose a career path that suits you personally.

Keep reading to learn more about the potential business opportunities for people with this amount of money and how to start your own business if you have sufficient funds.

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What is it like to make a business with less than 50k

You might be surprised to learn that starting a business for under 50k is going to be a bit more challenging than starting a business with less than 5k.


Because the more money you put into the business means the more you have to lose! You will also find that these businesses are a bit more complex to run. You will likely need to invest even more money just to make sure you have the proper permits, certificates, licenses, experience, and paperwork… the list could go on and on!

That being said, you will also have the opportunity to make even more money than you could with a smaller business and start up amount. So read on to learn about the business you can start with a 50k investment!

Why is it important to learn how to make a business with less than 50k

Most people believe it takes a lot of money to start a business. However, that’s not always the case, and you can become your own boss even if you have 10k, 20k, or 50k saved.

Some may wonder why it is important to learn how to make a business with less than 50k, so we’ll explain all the benefits of starting a business, even on a lower budget.

One of the main reasons why you should start a business with less than 50k is that you’ll be able to gain financial freedom and become your own boss. That said, you’ll be able to make a better work-life balance and work at your own pace and timeline.

Also, starting a business with less than 50k will allow you to earn even more money and either save it or invest it into another business until you can make a higher passive income.

All you need to do is find your business motivation and get to work while your business slowly grows and you collect the fruits of your labor.

Businesses you can start with 10k

If you’re looking to start a profitable business with 10k, you should consider some of the following business ideas:

  1. App Creator
  2. Sell medium-sized products
  3. Hauling Service

App Creator

Earnings estimate: $85,000 – $112,000 per year

If you have 10k savings, you could invest them into starting an app creator business. That said, people with experience making apps can simply make an app plan, make the app, and promote it online.

However, even if you don’t know how to create apps, you could still start an app creator business and hire someone to execute your app idea. Overall, it’s an excellent way to make passive income, bringing you over $100k per year if your app becomes popular.

Sell medium-sized products

tshirts business

Earnings estimate: $50,000 – $100,000 per year

Another excellent business idea for people with 10k in savings is to sell medium-sized products. Depending on your preferences, you could have live products or turn to dropshipping and resell merchandise from other people for a higher price.

Selling medium-sized products such as t-shirts or hoodies is a great way to do business that doesn’t require you to have any specialized skills. All you need to do is decide on a particular product, make your website, or create an online store using a website like Shopify or Etsy and start selling.

You could invest in advertisements to boost your online store and increase sales. This business idea can be pretty profitable, bringing you over $50,000 annually.

Hauling Service

Earnings estimate: $40,000 – $60,000 per year

You could start a hauling service business if you have 10k in savings and a driver’s license. If you have a car, your starting investments will be much lower, but if you don’t have a vehicle, you’d need to buy one.

Once you have a car, you can help people move or take their things to the dumpster and charge for your services. An excellent thing about this business is that it doesn’t require you to have special skills. All you need to start a successful hauling service is determination and effort.

You could offer hauling services to people you know until you grow your client base. Once your business develops, you can earn between $40,000 – $60,000 per year.

Businesses you can start with 20k

If you have 20k, there are a  lot of different business options you can start, including:

  1. Ghost Restaurant
  2. Seasonal Products.
  3. Car Wash

Ghost Restaurant

commercial kitchen/ ghost restaurant

Earnings estimate: $40,000 – $68,000 per year

If you like to cook and have 20k in savings, consider starting a ghost restaurant. The concept of a ghost restaurant is quite similar to a commercial kitchen. Unlike regular restaurants, ghost restaurants don’t offer a place to sit, and they focus on delivery or takeout instead.

You’ll need to invest in a location, food supplies, and any specialty cooking appliances. However, the costs are much lower than opening a regular restaurant as there’s no need for seating and additional costs.

There are also commercial kitchens that you can rent out in most major cities. This has the benefit of lowering your costs as you will only need to pay for the time used or a certain amount of access. They often come with most of the tools you need to cook your food. Additionally, they are responsible for making sure the space is compliant with local food safety regulations!

Overall, if your food is tasty, you can make between $40,000 – $68,000 per year by owning a ghost restaurant which is very convenient. Also, this would be a great start for people looking to eventually open an actual restaurant.

Seasonal Products

Earnings estimate: $10,000 – $100,000 per year

Another excellent business idea for people with 20k in savings is to sell seasonal products. For example, you could sell Halloween products, Christmas gifts, or any product suitable for the current season.

Depending on your preferences, you could open a small store or sell the products online through platforms like Etsy, Amazon, eBay, or Shopify. By selling seasonal products, you can make between $10,000 – $100,000 per year, which is a nice passive income.

Car Wash

Earnings estimate: $40,000 – $70,000+ per year

Starting a car wash is another excellent way to spend your 20k and earn more along the way. To start a car washing business, you’ll need to find a location and invest in the machinery needed to wash the vehicles.

The starting costs of this type of business are slightly higher, but successful car washes can earn well over $70,000 per year, which is why this is a business idea you should definitely try out.

In general, there are three kinds of car washing businesses you can start:

  • Hand washed cars
  • Self-serviced car wash
  • Automated car wash

Businesses you can start with 50k

When you have 50k, you have a good ground to start a profitable business and earn even more money. Here are some business ideas to consider:

  1. Small coffee shop
  2. Food truck

Small coffee shop

Earnings estimate: $60,000 – $160,000 per year

Starting a small coffee shop is a perfect way to earn money with 50k of starting funds. This type of business requires you to find a suitable location, find vendors for the coffee, and purchase appliances and furniture for the place.

You might need a license to open a small coffee shop, so be sure to check that with your local authorities.

To start this business, you only need to know how to make coffee. However, even that is not a must, as you could always hire someone with coffee-making skills to help you in the cafe. As long as your coffee shop is in a good location, you can earn over $60,000 per year.

Coffee shops are also great to add on to your existing business. I’ve mentioned on this blog that my parents owned an ice cream store, but that wasn’t all they did! In the same place they also sold locally roasted coffee as a way to make more money during the cold winter months.

Food truck

food truck business

Earnings estimate: $24,000 – $153,000 per year

If you’re passionate about food and have 50k in savings, you could consider starting a food truck business. Obviously, you’ll need to purchase a truck and cooking appliances and find a vendor for the meat, veggies, or fruits, depending on the type of cuisine you offer.

To make your food truck stand out, you should decorate, put a logo on the truck, and even make flyers. Popular food trucks earn over $150,000 annually, so this business can genuinely pay off and help you make a steady, reliable income.

Please be aware that this is the absolute minimum amount you should have on hand when considering starting a food truck business. If you’d like to learn more be sure to check out my post on How to Start a Food Truck Business! I share tips I’ve picked up from the years I spent helping my parents run their ice cream and sandwich shop.

You can even baby-step into this opportunity by starting a concession stand, which I wrote about in my post on how to start a business for under $5k.

Final Thoughts on Starting a Business with $10k, $20, or $50k.

If you have 10k, 20k, or 50k, you could make a profitable business and finally become your own boss. Even smaller amounts of money could go a long way if you make smart investments and use them to earn more money instead of just spending it away.

Don’t be afraid to step out of the box, and consider multiple business ideas until you find your calling.

Have you started a business before? How much money do you think you would need to start your dream business?

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