A range of businesses can suit the Capricorn entrepreneur well, as outlined in this list of 20 business ideas. Grouped into six categories, each of these business ideas includes an assessment of the associated startup costs, required skill level, and earning potential.
1. CATERING BUSINESS
While starting a catering business may seem fairly straightforward, successful business owners must have strong culinary skills as well as the ability to create a winning business strategy and effectively manage clients. Having experienced substantial growth in the last five years, this field should continue to grow as people increasingly seek this service.
Your largest initial investment will involve creating a professional kitchen with the best appliances to support your business. This line of work offers strong earning potential, but your success will depend on the type of reputation you build and the type of culinary services you offer.
Learn how to start a catering business.
2. CUSTOMER SERVICE CONSULTING BUSINESS
Customer service consultants help other businesses provide the best customer service possible by analyzing the current situation and then advising them on the adjustments they should make to improve results. Ideal for effective communicators who enjoy a challenge, this line of work typically involves smaller companies — although some successful businesses can grow into corporations with long client lists.
You can expect low startup costs and a strong earning potential, which varies by location. Consultants typically charge between $100 and $300 per hour for their services, and you'll have the potential to grow your business if you focus on a particular industry to fine-tune your understanding of that niche market.
Learn how to start a customer service consulting business.
3. BAGEL SHOP
Ideal for people who appreciate making good food and interacting with the public, bagel shops differ from other food businesses because they can serve bagels all day. That means successful entrepreneurs must be willing to work long hours in addition to having solid marketing skills to establish the business.
Startup costs often total tens of thousands of dollars to secure the right space and cooking appliances as well as cover employee salaries. Once you establish your bagel shop, your earning potential will depend on how well you build your reputation.
Learn how to start a bagel shop.
While starting a bank can provide a challenging and rewarding endeavor, successful business owners need a disciplined personality, a deep understanding of finance and institutional processes, and great negotiating skills. Luckily, discipline and negotiation are two things that Capricorn entrepreneurs excel at.
With extremely high startup costs — typically $12 million to $20 million — you likely will need outside investors in addition to approval from the appropriate regulatory agencies. Yet, banks offer a nearly unlimited earning potential with some ranking among the world’s most profitable corporations.
Learn how to start a bank.
5. BLOCKCHAIN SERVICES BUSINESS
Capricorn entrepreneurs that enjoy programming and working with others may find that a blockchain services business is a great fit. Starting this type of business requires just a few thousand dollars to cover the cost of computers and an internet connection. However, you should consider hiring advisors, marketers, and lawyers if you plan to grow your business quickly.
You will spend most of your time programming and meeting with clients to discuss how blockchain services can benefit their companies. Because blockchains often automate previously human- and paperwork-intensive tasks, you can expect a high profit margin from charging $1 to $50 per transaction or $50,000 or more per project.
Learn how to start a blockchain services business.
6. CURRENCY TRADING BUSINESSES
Currency trading takes advantage of ever-changing exchange rates between local and foreign currencies by buying or selling at the right time to make a profit. Starting this type of business requires only the amount of money you plan to sell or buy, which could be just a few hundred dollars.
However, a business or financial education can help immensely as can a high-end computer to minimize the time it takes to buy or sell currencies. While often considered a high-risk career, currency trading can include smaller or less emotionally driven trades and conservative traders can earn between $50,000 and $150,000 per year.
Learn how to start a currency trading business.
Find a Web Domain For Your Capricorn Business
Securing a web domain and creating a quality website is important for the overall success of a Capricorn business. You can search for an available domain below:
After registering a domain name, consider setting up a professional email account (@yourcompany.com). Google's G Suite offers a business email service that comes with other useful tools, including word processing, spreadsheets, and more. Try it for free
7. LAW FIRM
While opening a law firm requires a law degree and deep expertise in business, it gives Capricornians greater freedom in choosing their clients and hiring their staff.
Startup costs usually run very high — especially if you include the cost of attending law school as well as rent, staff salaries, and legal software. However, you have the potential to charge $100 to $500 per hour and earn a significant profit margin with the right reputation and proficiency.
Learn how to start a law firm.
8. LEGAL CONSULTING FIRM
Unlike a law firm, which represents its clients in court, a legal consulting firm typically only offers legal advice and writes contracts for client businesses. Starting a legal consulting firm can provide a rewarding venture for Capricorn lawyers seeking to change direction in their career path while using their existing legal skills.
Legal consultants typically charge between $100 and $500 per hour for their services. If you already have a law degree and start as a one-person business, you can limit startup costs to a few thousand dollars.
Learn how to start a legal consulting firm.
9. BOUNTY HUNTER BUSINESS
A quick-thinking Capricorn entrepreneur that likes to take risks may find fulfillment starting a bounty hunter business. With just one employee, most bounty hunter businesses have low startup costs of a few thousand dollars to cover protective gear, handcuffs, and firearms or tasers.
As you gain experience and take on bigger bounties, you can invest in more equipment. To start this type of business, you’ll need to pass tests set by the state and/or federal government.
Learn how to start a bounty hunter business.
10. GREENHOUSE BUSINESS
If you enjoy manual labor and have a working knowledge of horticulture, you may be an ideal candidate to start a greenhouse business. Greenhouses usually make the biggest profits from working with other businesses or land developers.
Your largest startup expense will involve building your greenhouse, which can cost several thousand dollars or more depending on its size. You can expect to earn $50,000 to $100,000 per year as a new and growing business, with additional earning potential if you franchise or expand into other areas.
Learn how to start a greenhouse.
11. HYDROPONIC FARM
An environmentally-conscious Capricorn entrepreneur might consider starting a hydroponic farm in their community. A hydroponic farm grows produce or grass and requires a greenhouse to function, but doesn’t grow its plants in soil. As such, business owners need additional knowledge and equipment like nutrient reservoirs.
Expect to spend $10,000 to $100,000 to purchase the necessary equipment, plants, and nutrients to start this type of business. Considered more environmentally friendly than their competitors, hydroponic farms often gain more business as a result and can generate several hundred thousand dollars a year.
Learn how to start a hydroponic farm.
12. PLANT NURSERY
If you enjoy gardening and helping people select plants for their homes and businesses, then you might consider opening a plant nursery. The size of your nursery can vary widely, but plan on investing at least $30,000. Growing communities offer an ideal location for nurseries because new homeowners, businesses, and parks often look to them to add maturing plants to their properties.
Repeat business can make a huge difference in profitability, so owners should encourage this behavior by sharing horticulture information with customers and providing outstanding service. Small nurseries may sell $40,000 worth of product per year while more established nurseries can generate more than $500,000 in annual revenue.
Learn how to start a plant nursery.
13. MUSHROOM FARM
Capricornians with a passion for both farming and mushrooms might consider starting a mushroom farm. Business owners typically sell their mushrooms for medicinal purposes or as produce, and some can create a steady source of profit by developing a relationship with a local restaurant or grocery store.
You can start this type of business in your home in your spare time for just a few hundred dollars. You will need to make additional investments as you expand your business to control the temperature and humidity of your growing area. You can earn up to $96,000 per year if you grow 12,000 pounds of mushrooms in about 500 square feet.
Learn how to start a mushroom farm.
Start a Capricorn Business In Your State
14. DEBT COLLECTION AGENCY
A debt collection agency takes on the responsibility of collecting money from people with overdue payments. Successful business owners can earn up to 70% of the total amount owed.
Beyond the cost of becoming licensed and bonded in your state, you can start your business for a few hundred dollars if you already own a phone and a computer. Individual debt collection agents earn an average of $17 per hour, but this can vary greatly because debt collection agencies only make money when they successfully collect outstanding debts.
Learn how to start a debt collection agency.
15. ACCOUNTING FIRM
Starting an accounting firm is a great option for detail-oriented people who enjoy business and working with numbers. Accountants keep track of income, expenses, taxes, and other financial-related information for organizations and individuals of all types.
You can start an accounting firm with a few thousand dollars if you already have a computer and a place to work. The cost of professional software, marketing services, and the exam to become a certified public accountant (CPA) will form the bulk of your other initial expenses. You can charge $125 to $350 per hour for your services, and you can earn a six-figure income after your first few years in business.
Learn how to start an accounting firm.
16. STOCK BROKERAGE FIRM
If you enjoy managing money for other people, you might consider starting a stock brokerage firm. To succeed in this line of work, you need a solid understanding of investment principles, financial markets, and risk management. You also need to pass certain state exams and hold a large number of capital reserves.
Expect to invest between $200,000 and $300,000 to start your business. Because stock brokerage firms typically earn a percentage of the assets they manage, your firm could make $400,000 a year if you manage $20 million and take 2%.
Learn how to start a stock brokerage firm.
17. AMUSEMENT PARK
If you’d enjoy creating an all-inclusive experience for customers, you might consider opening an amusement park. Amusement parks can start with just a few carnival games, bouncy houses, or mazes or they can open with full-fledged rollercoaster experiences. Depending on your amusement park vision, your startup costs will vary widely from $250,000 to several million dollars.
Branding is key to profitability in this business because most amusement parks make their largest profits on sales of branded T-shirts, photos, and other merchandise. A small amusement park can generate annual sales of about $100,000 while larger amusement parks can earn millions each year.
Learn how to start an amusement park.
18. INTERIOR DESIGN BUSINESS
This type of business offers a great fit for Capricorns who deeply understand their clients’ needs and can create living or working spaces that meet those needs. Successful interior designers have extensive knowledge about lighting, plants, color design, and architecture as well as the ability to visualize an area before development.
You can start an interior design business for just a few hundred dollars, especially if you begin your business from your home with a laptop and business website. Average earning potential for this business is high, ranging from $80,000 to $144,000 per year.
Learn how to start an interior design business.
19. ESCAPE ROOM BUSINESS
In an escape room, friends work together to solve clues in order to find an exit before a set amount of time passes. If you enjoy playing these games yourself, you may be an ideal candidate to open an escape room business with an atmosphere your customers will love.
Startup costs can range from $7,000 to $30,000 to cover your space and props, and you can charge $30 a person to play a one-hour game. Some of the fastest-growing escape room businesses earn more than $500,000 annually, and you can drive growth by marketing to businesses for work parties or to church groups.
Learn how to start an escape room business.
20. HAUNTED ATTRACTION
If you enjoy the adrenaline rush associated with feeling scared, you might consider opening a haunted attraction. These businesses typically operate seasonally, with a large influx of teenage customers leading up to Halloween. Finding a balance between customer safety and fear is the biggest challenge for business owners, who also must prioritize hiring responsible employees.
You need at least $10,000 to start this type of business, but you may need to invest much more if you plan to rent an old home, prison, or hospital. You also should plan to spend a fair amount on marketing because the majority of your income will span just a few weeks each year. Annual profits can start around $50,000 and then exceed $1 million if you grow your attraction over time.
Learn how to start a haunted attraction.