Property management can be a great business idea if you have a start-up capital of approximately $1000. The businessmen need to find out a proper workplace and take responsibility for their detailed documentation procedures and thus save a lot of their time. Adequate sales and marketing skills are needed in order to be successful in this business. The company can achieve break-even status within a month and expect a gross profit of around 50 percent. Yet another profitable business venture in this range is phone-based business consulting services. These days, several entrepreneurs are looking to make a name for themselves and the time is right for experienced businessmen to make the most of their skills and knowledge and guide these young enthusiasts with some good business plans. Networking is a critical skill needed to flourish in this business that can take almost four months to come on break-even terms.