It should go without saying, but it’s important to pay what you owe — especially when dealing with the IRS. The IRS can impose harsh penalties and even come after a business owner’s personal assets if the owner doesn’t remit payroll taxes on time.
If you have skills in programming, tinkering systems and software, knowledgeable in micro-controllers, and etc., why not invent your own product and sell it? There are industrial robots today that only started from hobbies and experiments.
If your services are seasonal you will want to consider what the best time of year would be to advertise. Also, television advertisements will need to be timed so that the right demographics will be watching when they air.
Many states allow people to start an in-home daycare with minimal licensing and paperwork. If you love children and have plenty of time and space at home, this is a perfect business to get into. All you need is a safe room or two for children to play in, some toys and activities, and a whole lot of patience.
Furthermore, so many candidates have resumes that are basically attendance records! A resume instead should be a sales pitch that trumpets achievements, skills, and abilities! A great resume and a standout cover letter can go a long way to helping people find a job – and you can help!
If you are living in a not-so-developed subdivision or at least know a subdivision where there is still no Water Station, be the first to put up the business there. Water stations can really be profitable. Imagine the cost of your capital, water, vs the price when you sell it. Although you need quite big amount of capital to start but it is actually easy to get your investment back.
Create a records system. From doing taxes to figuring out why you’re mysteriously missing $2,000 to searching through customer records to find out if Mrs. Jones did in fact pay her bill, you’re going to want a good records system to help your business run smoothly and efficiently. Invest in file cabinets, labels and digital records software to keep you organized and on top of things.
Purchase equipment. Purchase all of the things you need to start work. This can mean mechanical equipment, computers, telephone, or craft supplies. It all depends on what you are doing. Try to purchase from business supply companies as they will have significant discounts. If you are short of capital, lease or rent is an attractive option too, so as not to block your funds.
If you’re good with words, you might be able to find some work as an online freelancer. A variety of publications need online content in the form of stories, product or service descriptions, and reports, and if you have the talent and skill, you could easily be the one to create them. Fortunately, all you need is a computer and Internet connection to get started.
Also, on the weekends there is the advantage of being more likely to see your clients while working on their lawns. Show off your friendly personality and cement the bond with them, ensuring they will be customers for keeps! Better yet, you can suggest some additional services you could offer…wouldn’t a few new flowers or a couple new bushes be a nice touch?
While you may first think of wedding planners or reunion organizers, there are many, many types of event planners out there. Some may specialize in parties for young kids, others in large corporate events. Think carefully of a specialty that you could do well in and meet participants in that field, before you open shop.
Shubhomita Bose is a Staff Writer for Small Business Trends. She covers key studies and surveys about the small business market, along with general small business news. She draws on 8 years of experience in copywriting, marketing and communications, having worked extensively on creating content for small and medium sized enterprises.
When it comes time to officially form your business, we highly recommend seeking professional help. Using an online filing service is an inexpensive alternative to consulting with a lawyer, and many of them offer other necessary services at low rates when you form your business with them.
Willing to mow lawns and trim bushes and trees? Many people are quite happy to pay for such services, and the demand is persistent: Nature just keeps growing… and growing… and growing. Not only is this a great side business for a fit adult, it’s also a great way for a teenager to get a small business started.
If you have been signing-on for over 12 months and you are considering starting your own business, the Back to Work Enterprise Allowance (BTWEA) allows you to keep your social welfare payment for 2 years (100% in the year one, reducing to 75% in the second year).
Thanks to the power of the technology, internet is now improving many different aspects of of our daily lives. One of this is an app called Uber which is now becoming popular in metro manila. Because of this app, people can now summon a private car service.
I loved to collect stamps and coins when I was a kid. In Boston, the dealers’ stores were all side by side on Bromfield street. Today some coin and stamp dealers still have retail locations but many others work primarily online. This is a great business to start part-time and then consider going full-time later on. Or is it just a hobby with the potential for making a lot of money? American President Franklin D Roosevelt would spend many enjoyable hours alone with his stamp collection.
Many small businesses have gaps in what their employees can take care of. Hiring a full time employee to fill in those gaps isn’t necessarily feasible, which is where your work-at-home business comes into play. Here are some work-at-home ideas that every business needs:
The decision to close a business is usually due to one of two reasons, you no longer want to run the business and have no one to pass it onto or the business is not making enough money to keep going. Whatever your reasons, closing your business can take time, depending on its size and complexity.
On the other hand, if you want to market your own t-shirts you might have more upside potential but the downside is greater too! The brothers who started “Life is Good” t-shirt business for example, lived out of their van for several years until their business finally gained momentum.
Decide whether to trademark your name. If your name is very original or creative, you also may want to consider registering it as a trademark. This can distinguish your product or service from those of competitors. Trademarking your company name also can protect you from trademark infringement by other companies.
As mentioned earlier, venturing into the food industry is almost always a profitable move. Scores of working professionals today prefer to ‘eat in’ but do not have the time to make and carry home-cooked food to work. This is where you could come in. Since the cooking will probably be cooked in your own kitchen, there is no need to pay for extra space. Thus, the only big investment you’ll need to make at this stage is in a middle-man to deliver these services.
One of my friends took over her father’s dry cleaning business that over a lifetime he had built into a dozen stores. This is really hard work. Every item has to be handled many times. Customers can be demanding. And it is competitive. But if you are willing to work hard, you can make a very solid income.
There are many different ways of determining the top 10 businesses to start. Each approach yields its own results. Here are three recent top 10 lists from different sources. Two of them take a relatively corporate approach; the third is a little off-the-wall but is internet-centric and imaginative. Despite the differences in approach, certain businesses make more than one list.
It’s messy, dirty work that must be meticulously done, and done by someone dependable. That means it can be a high margin business. I would start this business by taking on very small jobs and working my way up.
Uber is one of the most successful businesses that just recently boomed and here’s the thing: You can make an app similar to Uber where you can offer different service. There are a lot of other businesses that can fit inside Uber’s business model.
To help you find ideas that match your skills and interests, we’ve grouped the business ideas into a number of categories. Under some of the types of businesses (Artist, for instance) we’ve mentioned particular products or services that might be offered either as the main business or as one of the business’ offerings.