What is a good business to start?

A good business to start is some type of repair business, whether it is bicycle repair, electronics repair, appliance repair or anything else related to fixing things. A bicycle repair or computer repair business should take no more than $1,500 to get going, according to Entrepreneur magazine.

For some types of repair businesses, training may be necessary. For example, with small-engine repair, college classes or apprenticeship can provide the requisite knowledge. Some repair businesses can be run from home, while others may need an official storefront. A solid business plan helps sort out considerations like target audiences, location and seasonality.