13 Businesses You Can Start For Under $5,000

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Event Planner

The $122 billion meeting-and-events industry needs plenty of planners, many of whom can bring home $80,000 a year, according to Meeting Professionals International. Start-up costs will cover a computer, phone and Internet access, business cards, a camera and a filing system for materials from vendors. You'll want a creative-looking Web site too, which might run a couple grand. Some planners may also want to buy "event insurance"--just in case a snowstorm keeps revelers at home, leaving you stuck with the ballroom bill.
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