Low-Cost Small Business Ideas In New York

New York City is known for more than its bustling Time Square and Broadway – it is where the famous startup companies were born. Every day, New Yorkers create new businesses, and it is not showing any signs of slowing down. 

With rent being so high and so many romantic things to do in NYC summer, everybody could use some extra spending money. Since New York is full of new things to discover, there is no shortage of problems that ingenious entrepreneurship can solve.  

Start a Food Chain or Bakery Shop

In the city that never sleeps, there’s not that much time to cook a meal at home. Opening a restaurant with delivery demands a low investment and is always in high demand. This holds especially true for those who work long hours, are away from family, and are in the mood for a home-cooked meal. 

Opening a bakery is another strong candidate for a startup idea. Snacks and baked goods are much appreciated on a small break or during the morning rush. Bonus points if the business starts with a food truck or a mobile van. A vehicle is great for catering and traveling to wherever the hungry folk go. 

Start a Recruitment Company

Being a recruitment mediator solves two needs: people who are searching for employment and companies that want to hire employees. Earn a commission from both by building a connection with companies and finding employees that are the right match for them. 

Errand-running Services

New Yorkers are known to be busy and usually don’t have time to run errands. They feel like they should be in multiple places at once, but hiring someone for it is the next best thing. One way to make their day-to-day easier is picking up and dropping off their dry cleaning. They are happy to hand over these tedious chores. 

People also pay a pretty penny to save themselves time and have their car picked up and brought back from the car wash. Over time, trust can be established, and with a set of steady clients, one can expect a decent profit.   

Pet Care or Childcare Facility 

While babysitting is a current job and is much needed, families don’t feel comfortable leaving their children alone with someone they don’t know. Daycares are a favorable option and are in high demand for busy parents. Pet care and dog walking jobs are less restricted and prove to be popular, especially for pet owners who are away for long hours. 

Rent Out Space 

Space is one of the most valuable things in New York. With studio apartments costing thousands of dollars, someone who has room to spare is sitting on a goldmine. 

Empty areas can be turned into shared office space, a place to crash for the night, or a gym. If it is a garage, it can be rented out to vendors as a point of sale. 

Infinite Possibilities

No matter how bizarre an idea, there is a demand for it somehow, somewhere. Standard advice entrepreneurs have for beginners is to look for a current problem, and find a way to solve it. One of the most beautiful things about New York is that it is fast, convenient, and full of chances to make it big in business.

Alex Hamilton