what you need to start a company | beginning a business

As a web developer, you’ll build incredibly valuable skills that are in extremely high demand. You can get up to speed on building websites in as little as a few months with inexpensive or free online education programs like Treehouse, the Web Developer Bootcamp on Udemy and Codecademy.
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.
Obtain more information about federal and state licensing requirements by clicking the links under Federal Licenses and Permits and State Licenses and Permits, respectively, on the Business Licenses and Permits page [source: SBA].
Generally, no specific expertise or certificate is necessary to open a company. However, a certificate and experience — and license — may be necessary to operate or sell specific services to the public. Check with the Secretary of State to learn the legal requirements to offer a specialized product or service in your State.
Everyone wants their small business to be successful, with multiple locations, lots of employees and loads of revenue, but you have to learn to walk before you can run. Don’t spread yourself too thin or take on too many expenses at the beginning, especially if your income might take a while to catch up to your ambitions.
People are always searching for one-of-a-kind venues for meetings, parties and weddings. Why not earn some extra money off the space you already have by renting it out for events as a side business idea? If you own a unique venue, like a studio, warehouse or boat, UK-based company Tagvenue will connect you with clients looking for somewhere special to host their event. Not a bad low-effort side business idea.
To be clear, providing care for the elderly often requires a broader set of credentials (as it should) so this business idea isn’t one most people can get started with this weekend. These credentials may include licenses, training certificates, business permits, and tax forms depending on which state you wish to operate, the level of care you intend to provide, and whether you plan on running a formal business or just hiring yourself out as an independent worker as a side business idea. If you’re already giving unpaid care to an elderly relative or friend, you may want to review Medicaid provisions for some compensation. In all cases, you need genuine affection for the elderly, a lot of common sense, and good knowledge of first aid, CPR, and elderly care basics to excel with this side business idea.

One of our strongest selling books at my book publishing company was “Kiss, Bow or Shake Hands?” Traveling business people and others want to know how to fit in with foreign cultures. With a little bit a research or overseas exposure you could offer basic courses and consulting, and then you could provide more in-depth expertise as you build your knowledge overtime.
Do not go ahead with sponsorship until both sides have agreed on what to expect from each other and a written agreement is drawn up and attested in the local court. Do not rely only on verbal understanding.
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.
Founded in 2003, Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. It is one of the most popular independent small business publications on the web.
A dropship business means that you are selling physical goods that you have other companies ship out. For example, you may create a website selling desk lamps. You would take the order from the customer on your website and then you would have the order shipped out by the supplier. Drop shopping differs from affiliate marketing in that the customer stays on your website to complete the order. Furthermore, you process the order and then ask the drop shipper to fulfil the order. Affiliate marketing on the other hand, is more of a marketing service–providing traffic to the website of the company that provides the product. Drop shipping may have higher upside but if you are just getting started I would recommend that you keep things simple and start with affiliate marketing.
Fiverr is a great place for first-time freelancers who might not have tons of experience and want to build up a portfolio of their work. You’ll be able to complete simple tasks ranging from logo design, to creating animations, or even drawing a company logo on your forehead. While this side business idea likely won’t be growing into a million dollar startup for you, it can still be a platform for funding your next big business idea. Want to learn more about Fiverr’s history and how to get the most out of selling on the platform? Listen to my interview with Fiverr CEO Micha Kaufman.
People have discovered that they can make so much money at yard sales that they turn it into a regular business, including buying additional merchandise such as at flea markets or online specifically to sell at their yard sales. One town that I vacation in decided that too many people were turning yard sales into a business, and passed an ordinance limiting how many yard sales you were legally allowed to conduct. This is of course another indicator that yard sales can be highly lucrative!
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.
Invest in your home based business. Before you get started, there are often investments you’ll have to make in your business infrastructure. This varies based on the type of business you’re running. For example, if you’re running a printing business from home, you’ll need to buy a professional printer and paper for it. If you’re running an online business, it may be wise to upgrade your computer and internet speed. The time spent waiting for pages to load can add up and hurt your productivity.
There’s something magical about a cupcake that says fun and silliness and makes you feel good! You can cash in on that feeling and make others happy. But if you are specializing in cupcakes, people expect them to be excellent! And if you want to be remembered, they should be world class awesome!
After completing all of the above steps, you are officially in business. Review information from Michigan Business One Stop and from Michigan State University Extension for direction as you move further along in your journey of business ownership.
If you have the experience working for a company that does home repairs or contracting work, then you can fairly easily start your own contracting business where you offer various services to homeowners.
I’m not getting up on that high ladder anymore! That’s why I spend $200 to have a service clean my gutters twice a year. Considering that even one person can clean several houses a day, you can see that it’s very good money potential. Try really hard to geographically concentrate your gutter cleaning each day. This could be a great weekend business.
You can succeed with a specialty food store but it is tricky. You must be ruthless in your research, in both what the market can support, and which competitors currently have overlapping offerings. I would also look at what specialty food stores have succeeded in nearby markets.
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.
Is the URL available? Check to see if the name of your LLC is available so that you can reserve your domain name. Even if you don’t plan to make a website today, you may want to buy the domain name in order to prevent others from acquiring it.
T-shirts can be a viable path toward creating an automated side business idea that makes money for you while you sleep. Even Bloomberg and Forbes feature stories from entrepreneurs who’ve done just that. Want to learn how to make this side business idea come to life? You can find TeeSpring selling walkthroughs here, here and here.
Even in the Internet age a lot of people enjoy going to flea markets. To succeed in this business, you first need to be able to sell space to vendors. Then right from the first event you need to bring in enough visitors, so that your vendors are happy, and will come back again and again.
If you like this info, don’t forget to follow us on Facebook for more of it! You can also get my list of 15 work at home companies hiring RIGHT NOW if you subscribe to our FREE twice-weekly newsletter.
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.
Startups requiring a lot more funding up front may want to consider an investor. Investors usually provide several million dollars or more to a fledgling company, with the expectation that the backers will have a hands-on role in running your business. Alternatively, you could launch an equity crowdfunding campaign to raise smaller amounts of money from multiple backers.
Now that you’ve officially formed your business, it’s time to take all the necessary precautions to make sure you’re fully compliant with the federal, state and local government. Here are the best places to find out about each:
Web designers are incredibly valuable for technology companies—which is why becoming a freelance web designer is a top side business idea today. Web design is all about mastering the art of creating a beautiful, value-driven experience for the people using a website or app. There are always new websites popping up in need of professional web design, and foundational books like HTML & CSS: Design and Build Websites by acclaimed web designer Jon Duckett and Don’t Make Me Think by user experience legend Steve Krug will get you started down the right path to quickly determining whether or not becoming a web designer is a viable side business idea for you.
Potential challenges: Starting a food business can be complicated, as you’ll have to deal with permitting requirements and health department regulations. Other obstacles include securing a desirable location and fierce competition, although these factors may depend on your local market.
Though certainly not for everyone, recycling the containers from products left strewn around on the ground can become a surprisingly decent side business idea if you put in the time. Attending events like street fairs and outdoor concerts can be a great starting place. Put on a clean shirt, jeans, apply your sunscreen, grab a cheap pick-up tool like this one, sturdy plastic bags, and you can sell them for upwards of $4.00/pound on eBay.
State: You can apply for state-specific permits and licenses via the CO Department of Regulatory Agencies.They provide a list of all the professions that require specific licensing and direct you to the corresponding application and other resources.
Beware of business propositions that seem to offer “something for nothing.” They probably involve taking something from somebody—usually you. There are innumerable variations, some more polished than others. Examples include pyramid schemes[4] and advance-fee fraud.[5]
Federal: The federal licenses and permits page on the Small Business Association’s website outlines all the business activities that call for special permission from the federal government, and directs you to the proper agencies. They also have a decent article on business taxes, but the best place to learn about this is on the IRS website.
Getting started in the sport fishing charter business may not be as expensive and difficult as you think. Unless you are going into particularly rough waters you don’t need to start with a large cabin boat. Furthermore, you can finance much of your purchase. And if your fishing skills are a little weak, hire a boat hand with some strong local fishing knowledge. In the right location, you can charge some serious money in this business.
Do you see eye to eye on the big picture? Arguments about the details are a given, and are important for getting things right. But not seeing eye to eye on the big picture, the real purpose of your business, can cause a split that may be irreparable. Be sure your team cares about the and buys into the purpose as much as you do.
Colorado doesn’t issue general business licenses, but there are a number of scenarios that do call for special permits, licenses and taxes on a local, state and federal level. Here are the best resources for each:
With all my experience in book publishing I am not going to tell you that this is an easy business, especially with the domination of players like Amazon. But if you pick a defensible niche, keep your overhead low, you could develop a decent business.
A lot of these sign businesses are franchise operations, but you don’t have to be. The key is marketing. Watch what other players in this field do, explore the hundreds of marketing videos on BusinessTown.com. Unless you are really strapped for cash I would recommend starting with a storefront but not a third-rate location, and a simple and small facility should be fine. Alternatively, you could try this business totally online, shipping signs to customers.
This is not my favorite business on this list but I feel compelled to list it because it is so popular. So why is it not my favorite? It tends be very competitive, hard work and relatively low profits. So, if you do go into this business I would do everything possible to differentiate your business and to be able to charge premium pricing.
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.
Investment: Startup costs will depend on the type of services you provide. The upfront costs should be lower if the business is nonmedical and assists seniors with basic daily tasks, although training and licensing may still be required.
I like anything that is custom because it allows you to distinguish yourself with great customer service, and provides some upside for pricing. Offering this kind of service online means you can set your own hours and start the business part time.
Framing services are everywhere and often they are franchised operations with prime retail locations. But you don’t have to be. You could try this service online. Or you could try this service on a mobile basis, going to your customers’ homes. Or you could get that storefront.
To succeed at this business, I would carefully perfect a few interesting smoothies drinks. Then I would search hard for a location with very high foot traffic location. I would much rather have a tiny location with lots of traffic and high rent per square foot, than a much larger location with the same total rent but less traffic.
With the right location and careful buying you can have a nice income from your floral shop. But the big upside will be special events such as weddings, funerals, etc. I’ve also came across a floral shop crossed with a coffee shop which I thought was a clever variant.
Think blogging is no longer a viable source of income? Think again. Tens of thousands of bloggers, creating content on topics as diverse as scrapbooking, home cooking, travel, film, lifestyle, and more are launching self-employed careers thanks to a combination of email subscribers, affiliate marketing, blog sponsorships, and other revenue streams. Your first step is sharpening your writing abilities, understanding what your audience craves and learning how to write a blog post that drives traffic and brings you readers on a regular basis. Even blogging about tech gadgets and products you love can turn into a profitable side business. Take my friend Andy’s blog, AwesomeStuffToBuy for example. Or listen to my interview with Gaby Dalkin about how her journey to start a food blog as a side business idea.
The next day I hired a lawyer to draft a service contract and expedite a limited liability corporation. And the following Monday, I went into the office and quit my job. I felt like I had just jumped off a cliff. It was a rush unlike anything I had experienced at that point in my life.
#20 – InstaEdu is an online company hiring work at home tutors to teach online students different school topics. Payment is usually $20 per hour made using PayPal. Teaching sessions take place through Skype, text message, video chats or even whiteboards.
#46 – Crawford Media Services hires independent contractors to carry out metadata writing, SE optimization, and tagging. However, most of their projects are seasonal or occasional. Pay can go up to $18 per hour depending on the task.
Many small companies and startups now outsource jobs that aren’t part of their core business (such as HR, admin, and accounting), which makes this skill set a great opportunity for starting a side business idea that engages your number prowess. Because companies always need to track their cash flow, freelance accountants and bookkeepers can really benefit from the increasing demand for part-time help.
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.
Some people have no time. They may have a job that requires lots of travel or an executive position that has them working around the clock. But you can make their life easier offering personal concierge services!
The next step in your journey involves choosing a business structure and registering it with the state of Colorado. Registering your business as an official entity is the only way to protect your personal assets and achieve total legal compliance.
EatWith is a great way to test the waters as a chef for your side business idea, and if you have enough rave reviews you might be able to turn your knife skills into a full-time endeavor where you’re leveraging your network to book catering events. This side business idea is built heavily upon getting happy referrals, so be sure to over-deliver for your first customers, and ask if they know anyone else who could be in need of your catering services.

Leave a Reply

Your email address will not be published. Required fields are marked *