There are tens of millions of small business in the US alone, and starting a new business to compete in this segment will require hard work and dedication. If you know how to run a business and you have taken the right steps to starting a business, money shouldn’t stop you.
I’m not going up in one of these balloons–but I know plenty of people who have, and have had a fabulous experience! This is a good vacation area business, but it could also be a good gift for special occasions. Nail down all of the licensing and safety requirements, and this could be fun business that quickly builds by word-of-mouth.
One of my friend’s mothers who had performed as a Radio City Rockette, founded a highly successful dance studio for young girls. She was successful enough to rent large commercial space, but this is a business you may want to start in your home.
The holidays do bring cheer, but when winter comes, so does the snow. Thick, traffic-hindering piles of it. Snow can be fun for a while but somebody has to get rid of it for our lifestyles to continue onward. Make extra money with this side business idea from home by offering snow and ice removal services.
While you can find terrific resources online about family history, it takes someone to patiently piece it all together—that’s where you come in as the family history writer. Do your research carefully, put it together in a snappy-looking package, be patient in answering customers’ questions, and you could grow this business nicely.
Your milestones. What have you achieved so far? What do you plan to accomplish within the next 3 months, 6 months, 2 years? These are subject to change, of course, but it’s important to set goals for your business regardless.
If you can rent a truck or a trailer, you’re all set to start a hauling service. Help people get rid of all that junk that’s been piling up in the attic, the basement, the garage and out in the backyard.
Now we come to crunch time — assigning specific dollar amounts to your lists. This process is always going to be a best guess, but be realistic and use past experience, research and advice from other entrepreneurs to guide your cost estimates. Organizations such as SCORE and your local Small Business Development Center or Women’s Business Development Center can provide free and valuable advice about how to calculate your start-up costs.
A few years ago, I overheard a conversation in a gym about a fellow who was planning on starting an Irish pub, of which there are close to million (well almost a million) in Boston, but then changed his mind and opened a pub focusing on craft beers. It was wildly successful! In addition to being a unique idea at the time, he also chose an excellent location and developed a solid food menu. Unless your overhead is extremely low, you are probably going to need to serve food to make a go of this business, so yes you can be extremely successful–but it is no small undertaking.
Yes, you can learn how to repair smartphones. You can buy parts (you should inventory more common ones) and you can watch videos on YouTube that show you how to make repairs. I have been to a small shop in Cambridge that specializes just in fixing casing and glass on smartphones. You can make good money but it will take some patience to get going. A storefront, even a small one on a secondary street or second floor of an office building, will help make your business seem more established.
Many of these resources and programs are funded under the provisions of the Library Services and Technology Act from the Institute of Museum and Library Services. Florida’s LSTA program is administered by the Department of State’s Division of Library and Information Services.
We suggest you have a look at a free PDF online called “The Benefits of Doing Business in Illinois” published by the Illinois Economic Policy Institute back in 2014. As you’ll see, the regulatory environment can be very startup-friendly.
For a new business, acquiring commercial restaurant equipment can feel daunting. Take the headache out of this task when you browse our helpful restaurant equipment list, which incorporates the basics you’ll need before launch.
Needle – Read Review – Open to US and possibly other countries. Note this company used to pay you in cash, but now they are points only, although you can redeem your points for Visa gift cards. Extra money only.
Most home based businesses do not succeed. That is just the truth of the matter. There are a few new home based businesses every year that are really successful, however. All you can do is work hard and try your best.
If you’re feeling a bit overwhelmed, you might consider leveraging business planning software. There’s a ton of user-friendly programs out there that can make the planning process far simpler. If you’d like to take a look at some of the best options, head over to our top 7 business planning software tools!
If you want to maintain full control over your business, seeking an angel investor may not be the right route, since oftentimes they’ll want partial control of the company. If you don’t have any high-value assets you can part with, selling assets to fund your business wouldn’t be the right fit for you.
Looking for work from home jobs that don’t involve the use of a phone? Many people are — most often because of the “no background noise” requirement most phone jobs come with. Kind of hard to abide by that when you have kids and/or pets running around during the day! Fortunately, you do have lots of options!
I’ve seen promoters begin in this business by first promoting regular nights at established night clubs, then by working a deal with a club to have their own exclusive night, then eventually launching their own club venue.
Cigar shops can bring in decent and steady revenue. Better yet the profit margins are good, so you can be very profitable without hitting sky high sales levels. This is a relatively easy business without too many headaches. But choose your location carefully…then roll out your wooden Indian!
If you’re artistically inclined or know your way around a camera, you can dropship using a print-on-demand business model to let others physically own a piece of your work. Just be sure you have the rights to the content you want to print, unless you’re using public domain assets that you can freely monetize.
We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet’s official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.
If you’ve got the attitude (and look), there should be a product or service out there on the hunt for the right model to promote their brand as a side business idea. You can sign up with a large agency, find a freelance agent, or look for your own modeling gigs as an independent talent. Since modeling is a complex field, get all the advice you need before jumping right in and find a mentor who can guide you through some of the early challenges it’ll take to establish your brand. Depending on your preference, you can specialize in a single media format such as video or still images, to build a compelling portfolio and grow this into a business idea that has the potential to scale.
Potential challenges: There are plenty of wedding photographers out there already, so you need a good business plan to stand out from the competition. It may also be seasonally dependent, with higher demand in warmer months.
Meal preparation services are booming and the Internet is facilitating this, making it easier to attract and service customers. The market includes the elderly as well as busy working people, who don’t always want to take the time to cook. Typically, these services offer just a few meal choices each day, but they vary the selection constantly. Especially if you can build up regular subscribers to your service, you can determine in advance exactly what your food needs will be, minimizing both food and labor waste.
Current market trends in Dubai offer plenty of opportunities for foreign investors to tap into imports and export of commodities, as well as taking advantage of the growing tourist traffic of the city for an almost unlimited number of potential clients and customers going your way.
Starting a business takes much effort, but this effort could bring you huge rewards. For this article, the author assumes that you have already researched your business idea, obtained the funding and decided to actually start your business.
Expenses. These are the costs for operations that occur during the start-up phase. They include tax-deductible costs such as travel, payroll, rent, office supplies, marketing materials, etc. They also include initial organizational costs like legal fees and state incorporation fees. Many (but not all) of these costs are tax deductible, up to $5,000 in the first year of doing business. You can deduct the remaining costs in equal instalments over a period of 180 months (starting with the month in which your business opens).
Amazon MTurk – Read Amazon Mechanical Turk Review – This is more short task work than an actual work from home job, and may be good for only extra money. Once you are signed in, you can search for “data entry” to see the data entry short tasks that might be posted.
Know your competition. If you plan on working from home locally, look around town for other businesses offering the same services or products. You’ll have to figure out if there is enough business left for you in your area. If you plan to work online, you’re dealing with a very crowded market in most cases, so you’ll have to find a way to differentiate yourself from the competition.
Interior room painting or wallpapering lends itself to part time work better than exterior house painting. Often a home owner wants just one room done. And you are not weather dependent—so you know you will be able to get a job done on Saturday for example, come rain or shine. As your experience grows you can charge a lot of money for quality interior painting and wallpapering.
Whether a small town is in North Dakota, Upstate New York, or South Florida, one thing is for sure: people prefer shiny modes of transportation to muddy, rusty wrecks. It’s just how human nature works. You pay your car payment every month, so your vehicle might as well shine! If there isn’t a car wash in your town already or at least one in the next town over, opening a cash wash might be your perfect small town business opportunity. One thing to think about before getting started: location, location, location. Nail this stage of the planning and you’ll make the rest of your ride significantly easier.
Englewood, CO (10) >> Englewood, CO (10) x Austin, TX (5) >> Austin, TX (5) x Leon, Guanajuato (5) >> Leon, Guanajuato (5) x Quezon City, Metro Manila (3) >> Quezon City, Metro Manila (3) x Boston, MA (1) >> Boston, MA (1) x Dallas, TX (1) >> Dallas, TX (1) x Dublin, County Dublin (1) >> Dublin, County Dublin (1) x
Find an audience for your passion or hobby and you’re all set to monetize something you love via a niche website as a side business idea. That of course, is easier said than done, something not intended for the faint of heart. Prepare to invest a lot of your time, but if you can hurdle the steep challenges and positively answer a few key questions on whether the website business idea you’re thinking about is profitable, then you can begin building it.
Yes, you can make a lot of money with a simple ice cream shop! Perfect your ice cream before you start, find a good busy location without a crazy rent and consider starting with a smaller footprint to minimize your overhead. I’ll have an ice cream sundae please—with everything on it!
Investment: The startup costs should be low; you’ll need to create a website and promote your business. If you don’t already have the required skills and experience, you may need to take some training or courses.
As part of your marketing, you can share the impact that your customers are having by supporting your business, such as a blog post covering your work in the community or a real-time impact calculator on your website.
You will, of course, need to spend extra hours and work harder. But the transition from being an employee to a business owner will be far smoother as you won’t have additional expenses to worry about.
Now that you’ve got the financial foundation laid, it’s time to start building on it. There are tons of funding opportunities out there — especially in California — but not every approach is right for every business. When choosing a primary funding method, consider:
Obtain an required business licenses. License requirements will vary according to your state, or even according to the county where you plan to do business. Contact your county clerk’s office to determine if any licenses or permits are required for your type of business.
While the barriers to entry for a retail shop can be very high, one way to keep costs down and limit your time investment while you keep your full-time job, is to set up a weekend popup shop as a side business idea. More of whatever it is you’re selling—donuts, clothing, antique baseball cards, or anything else—will stay in your pockets instead of going to pay for operating expenses such as rent or utilities by choosing to pursue retail as a side business idea with a short-term rental. This guide from Shopify will give you a step-by-step process for getting your popup shop off the ground.
There are basically two businesses here and I would tend to focus on one or the other. One is providing medical help such as skilled nurses. The other is providing senior companions. Both can be great businesses with long term revenue streams and high demand.
Local: If you live in Tri-County Metropolitan Transportation District (TriMet) or the Lane County Transit District (LTD), you will need to file and pay for transportation taxes. Learn more about mass transit payroll/excise tax from the Department of Revenue.
Companies that provide employees with uniforms often also arrange for them to be cleaned and pressed every single day. You can specialize in certain types of uniforms and/or certain types of services. For example, you could rent uniforms to companies and handle all of their cleaning and pressing needs. You could lease or sell uniforms to companies and then either provide cleaning and pressing services or not.
Extra Cash & Rewards (my sister’s site) has a great list of sites that pay you fast. They’re only good for extra money, but they are reputable companies. Don’t forget to sign up to get the weekly FREE extra cash newsletter here as well.
From personal experience as a freelance content marketer, I can vouch for the profitability in this industry. I grew my side hustle into a $160,000/yr business before quitting my day job to pursue this business idea full-time; all you need is the right skills and experience to back it up. With startups, established brands, and even notable influencers needing to build credibility and grow their brands, professionals who can serve up compelling content enjoy a huge demand for their services. And, since brands will always need high quality content to bring in new customers, your skills will always remain an asset to invest in—especially since the nature of creating a content marketing strategy is an ever-evolving one. Start by tapping into your existing network with this business idea and begin tracking down local small business owners who could benefit from your marketing tactics, do a bang up job, ask for referrals and grow from there to the point where you’re doing blogger outreach and spreading out to a wider market.
Years ago, my grandmother freelanced articles for national magazines typically about life on “Olde Cape Cod.” Today there are still some freelance writing opportunities at traditional publications, but the big opportunity is online in content marketing. Business and consumer-oriented websites alike are rushing to post more and more content related to their business space, to try to attract traffic from search engines and to position themselves in the minds of potential customers. Some businesses will require that you have expertise in their industry to write for them, but others will consider buying articles from you, as long as they are well researched and well written.