Eric Siu breaks down low-capital service businesses that generate recurring revenue. Christmas light installation, house cleaning, and lawn care all work because most competitors don't show up reliably. Starting one requires almost no money.
What is a very simple business for people to get started where there's not a lot of capital upfront required? It's unlimited ways of making money. So one of my favorite businesses recently is Christmas lights. How many houses are just in America? Tons. Yeah, tons. I can't even give a number. Millions. You literally can start an annual recurring revenue business. You put up their lights for Christmas, you take them down, and then you store their lights, or you put up their lights for Halloween and you take them down and charge them a few hundred bucks a year. Anyone can do that. That's a business you can start today. Second business is house cleaning. Most of the businesses that you want to come— we don't even get into tech. We can talk about tech too. Yeah. Your advantage is showing up sober. Just show up. I'm trying to get someone to come and do our lawn. I don't know when they show up. I think I pay like, I don't know, $100 a week or something like that.
