own your own business | having your own business

Everyone wants to feel special now and then. If you can create the right setting, you could make your customers feel great and be happy to pay top dollar for a sophisticated beverage! Get everything just so–the name, the furniture, the wall coverings, servers’ attire, the lighting, and the background music. If you get all the details right, this could be a really fun and highly profitable endeavor.
Ensure that your chosen name is available. In order to register your LLC with the name you’ve chosen, you must search to make sure that the name is available in the state where you plan to file your LLC. To check name availability, you must look through the secretary of state’s database of registered names.
People will pay a lot of money to get their dog trained and you can provide the service. To get going you can read a book or take a dog training class yourself. This business would also be a great source of clients for dog walking services, if you want to expand your dog services empire!
Yes, you can turn your car into a money-maker by driving for Uber and Lyft, but there are other ways to convert mileage into money as a clever side business idea. One way is to do vehicle advertising, a potential side income source of anywhere between $100 to $600 per month. Whether you own a compact sedan or a full-sized bus, your vehicle’s exterior space is prime real estate for ads. Check Wrapify, carvertise, and similar sites for more details about getting started with this business idea and for being paired up with local advertisers.
Every town, big or small, needs (and deserves) a few good restaurants. Your local pizza castle won’t suffice for all occasions and events. But much like owning a bakery, opening a restaurant is not something to go into halfheartedly. You need to have the passion, the drive, and the obsession of both a great entrepreneur and a chef (or at least a hard-core foodie).
Having a mission to go along with a business, and setting aside some profit for a cause, gives social entrepreneurs a unique way to position their company in the market while addressing the issues they care about most.
#49 – ETS is a testing company that pays you to score various tests for different educational institutions. The pay can go up to $20 per hour depending on the tests. Payment is twice a month via check and is tax deductible.
You’ll find this statement on the iQor website: “You’ve got energy, enthusiasm, drive and determination. We’ve got benefits, flexible schedules, and a career path that rewards performance with growth and opportunity.” Is that you?
If you no longer wish to conduct business with your LLC, it is important to officially dissolve it. Failure to do so in a timely fashion can result in tax liabilities and penalties, or even legal trouble. To dissolve your LLC, there are two broad steps:
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.
Organize your business as a legal entity. When setting up for business you have several options in determining the structure of your business. The easiest is to simply act as a sole proprietorship where you, the business owner, are legally the business. In this case, you would use your SSN for tax identification purposes. However, if you plan to have partners or hire employees, you will need to organize your business as a separate entity like a corporation. Doing so will require you to incorporate your business with you state and obtain an employer identification number (EIN) from the IRS.

Bob’s Rent-A-Bike was my first business which I started when I was 19 years old. For this business, you can set up service stations or other local business as your agents, giving them a percentage of the rental fees. Vacation areas and being near bike trails are great places for bike rentals.
Having previous SEO experience, a blogging or editing background, strong communication skills and experience using Google Analytics are desirable. If you have these skills but lack experience, taking online courses is an option. Examples of your successful work and references can help you gain new clients.
Digital products like music, courses, and templates are unique on this list of ideas. Unlike the others, they’re not tangible products. There aren’t recurring manufacturing or shipping costs to worry about so your margins can remain high.
I can’t believe how busy the driving range near me is. They must have 50 driving stations. And they don’t even have a real golf course, although they do have kind of a long pitch and put course. You might think you don’t have enough money to finance a driving range. But you can lease the land and drop a store-built little shed on the property to get started.
Everyone wants videos for their website, and corporations and non-profits are willing to pay good money for high quality service. This is a local business because you need to be onsite with your camera.
When you think of your neighborhood coffee shop and bar, you might not think of the same establishment. But if your town is small enough, and clientele scarce, merging these two business ideas might be just what the mayor ordered.
A perfect example of this is if you make specialty cakes and, because of the extreme designs, sizes and amazing flavors, people are willing to pay you $350 per cake. However, due to the work that goes into producing such amazing cakes, you are only able to make one every week which brings your profit to $1400 a month minus the cost of your supplies.
College counsellors come in all shapes and sizes. Their primary duty is to help guide students through an important period in their lives. Some counselors focus on admissions, career advice, financial aid, athletics, extracurricular activities, and other concerns. There are institutions looking out for part-time college counselors, making this a fantastic side business idea, or you can even start your own practice and charge anywhere from $25-$100+ per hour for your consultative services if you’re well-versed on the subject.
Anyone can sell goods on Amazon, provided you have products to sell (or buy low, then resell). If you’re the type to hit all the local garage sales each weekend, there’s all sorts of valuable things that can be resold online as a side business idea. If you want to step your Amazon selling game up, check out this detailed guide to Amazon and eBay retail arbitrage on Entrepreneur featuring an interview with Julie Becker and several drop-shippers who’ve grown this home based business idea from side business idea into a lucrative money-maker.
You would think that you get your electrical contractor license and the money would rain on you forever more! I have been shocked with the prices some electricians have tried to charge me. Then again, I called back a more reasonably priced electrician who had done some work for me a couple years ago and he told me he went out of business for lack of work. This goes to remind you that in any business there is always some risk.
Potential challenges: It’s a seasonal type of business, as wedding bookings are likely to slow down in the winter — though this depends on where you live. As a result, you may need to get creative when it comes to stretching your earnings throughout the year.
You’ll need to see if any local or state permits are required and you must follow the U.S. Food and Drug Administration’s guidelines on pet food products. You’ll need a good recipe and a selling point that will make your tasty treats stand out from competitors.
Even though I don’t drink alcahol I do think that the coffieshop/bar idea is a great one. Too many business owners are too stuck in ther old way to think out of the box. And when you think of it, bistros change their menus three times a day and it has worked for them for years.
Teaching and tutoring English as a second language is a great way to make a solid side business idea work, not to mention opening doors for you to travel the world if you’d like. While full ESL (English as a Second Language) accreditation is recommended, as long as you’re a native speaker, there are people in countries such as Hong Kong or the UAE who are willing to pay upwards of $25/hr for you to teach them English via Skype. Indeed, Learn4Good and Remote.co often have remote english tutoring jobs posted, check back frequently. Then once you land that remote job, you’ll need somewhere more professional than your dining room table to meet with students—check out this post about how to find places to work remotely and you’ll officially graduate this side business idea into a full-time endeavor for yourself.
Lack of funds, should not deter you from pursuing your entrepreneurial dreams. With confidence in your idea and a clear vision of how you are going to execute it, you can do it. Once you have that covered, getting the funds to support your dream may not be as difficult as it seems.
Free work from home jobs are becoming more and more plentiful now a days. Around 40 million people are working at home in one way or another. Most of the free work at home jobs are based on using a computer. This is a result of the Internet being such an vital part of our lives. You may want to consider starting a home business because it can help you enter in the expanding market of e-commerce. Free Work At Home Jobs continued…
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.
Build your own social following and create a personal brand for yourself like Matt Nelson, founder of WeRateDogs has done (thus growing his following to more than 2.8 Million people), and countless opportunities will come your way for turning this side business idea into a full-time business.
Wouldn’t it be fun to make a gift-basket overflowing with a bunch of carefully selected and really attractive items? Of course, it would! You could have a lot of satisfaction putting together distinctive gift baskets that will delight your customers and bring in sales!
Though your local community will be thrilled to have fresh flowers in their town, you will still have the struggle of competing against online delivery services. Remember, if you are the first florist the town has ever seen (or at least for a while), they are probably used to ordering online. Habits can be hard to break. The best way to compete with the online sea of flora is with reasonable prices, attention to detail and customers service, and a sprig of creativity.
Choose a unique name for your LLC. Choose a name that complies with your state laws and properly represents your business. While there is no exact formula for choosing the best name, you should choose something that is: [2]
You can make good money at this business but you need great locations that provide enough volume to make it worthwhile to service provide a decent return on your investment. I have even seen some entrepreneurs try selling snacks at companies without any machine at all…totally on the honor system. Still another variant you could do is provide coffee, soft drinks or basic snack food for a company location and try to get the company to pick up the cost as a benefit for its employees.
How do all the pets get to doggie day care or make their appointments at the vet? Your pet taxi service! As people offer more and more services for their pets the need to transport them will continue to grow for years to come.
But even if you don’t need an EIN, get one anyway: It’s free, takes minutes, and you can keep your Social Security number private and reduce the chance of identity theft, because if you don’t have an EIN, your SSN identifies your business for tax purposes.
Have you ever created a blog or website? If so, web development could be the business for you. Small businesses and entrepreneurs need to establish an online presence to reach customers, but many don’t have the time or patience to create a website.
Color matters. The colors you choose to represent your business will have a major impact on customers’ initial impressions. Yellow feels joyful, blue feels serene — what colors capture the essence of your company?
My father was a business broker for a number of years. The type of business he most frequently brokered was coin-operated laundromats. When you are dealing with the smaller businesses such as single location laundromats, you will need to achieve a reasonably good volume of transactions to make decent money. Another issue in this business is you tend to get a lot of “tire kickers,” who aren’t very serious about buying a business, but can take up your time.
Similar to a handyman service, a cleaning service is also a solid business idea for small towns. That is if you are looking to forgo a storefront. Though it’s becoming increasingly popular these days for customers looking for cleaning services to use larger companies or startups, often services such as these either haven’t expanded into rural areas or don’t have contract workers willing to travel to more remote towns. This might be frustrating for those seeking a sparkling kitchen, but it’s a massive business opportunity for you! It’s also one of the easiest businesses to start with very little, if any, overhead.
Investment: You can reduce your initial costs by starting small and part-time. Besides needing a professional camera, lighting equipment and editing software, costs may include website setup and marketing, and hiring photography assistants.
This is a take-off on the catering business that makes it clear that you aren’t going to provide the dishes or the food. You just do the cooking. Furthermore, don’t bite off more than you can chew! People expect the chef to prepare a great meal, so don’t take on a menu that you’re not totally comfortable with!
Arranging for shipping, especially overseas, is complex and the rates can vary widely, even for nearby truck shipments. A shipping or freight forwarding service can find the best shipper for you, arrange the paperwork and a lot more. This can be a great business, with long term customers and steady work, but it can take a while to build up a large clientele.
Federal: The Small Business Association website has tons of helpful information on federal tax requirements and federal licenses and permits. The business taxes page on the IRS website is also an excellent resource.
Obviously some of these small business ideas have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week. I also tried to focus on side business ideas that have some sort of online component to them, since that’s what I love most.

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