steps needed to start a business | want to set up my own business

With 31 dedicated teams across the Local Authority network in Ireland, Local Enterprise Offices offer a wide range of experience, skills and services including mentoring, microfinance, grants (where appropriate) and seamless access to the wider range of Enterprise Ireland support for high potential enterprises.
Many a starry eyed entrepreneur have thought that they could start a mowing service because “how hard could it be?   I know how to cut my own grass.” Unless they have no money to start a lawn service, after spending thousands on commercial equipment they soon find that having a good cash flow and making a profit in the low baller lawn care market is not that easy. After a season or two they realize their mistake and sell their accounts and equipment. The best advice I can give about getting into this businesses, and can pay cash, is that buying an existing company is the best way to go. You will pay far less for the used equipment and the existing client accounts will provide some immediate cash flow.
Read through our comparison guide to learn more about each business structure. Make sure you fully understand the taxes, management, and level of liability tied up with your chosen structure before registering it with the state.
Did you major in a subject like English, history, or math in college, or do exceptionally well on the SAT exam? Do you have patience with children? If so, you likely have what you need to tutor kids in particular subjects. Seek out parents or teachers and let them know that you tutor students in a certain subject, and offer materials for them to share, and phone calls will often trickle in. You can get going locally or expand across the country by offering to tutor online.
It’s not up to them to approve of your idea or let you know whether starting a business is right for you. Only YOU can do that. This is very different from what we were taught as kids. Starting in kindergarten, we had to raise our hand. “Mrs. Kundle, can I go to the bathroom?” “Yeah, you can go to the bathroom, Timmy.”
Be sure it’s unique. Whatever your idea is, be sure it’s as unique as possible. This will help you eliminate or significantly combat competition, which will make your business more successful. Simply putting a small spin on a currently existing product (making blue Red vines or something like that) is not usually enough to build a business on, so push the envelope!
You have an eye for clothes and know what styles look best on what body types. So turn your passion for fashion into a business by becoming a personal stylist/shopper. You’ll feel good about making others look great.

Item #8 should be changed from interior designer to interior decorator because indeed interior designers are required to have a degree and in many states are required to be licensed. Interior designers need to know building and safety codes among other things. Selecting paint colors and toss pillows is a very small part of the job. Many commercial ID’s do very little “decorating”. See IIDA or NCIDQ for more information.
This was very helpful. 2 of my most recent ideas are in the top 3. I ‘ve let fear and just being overwhelmed keep me stagnant and now I am just at a point where I am ready to take action. I know I will be successful!
Carpet only lasts for so long – then it’s time to replace it once again. Every time for you need to replace a carpet in every room that you buy new carpet for, it’s more potential work for a carpet installation firm.
Tell me if this has ever happened to you: You hear about some super successful friend or famous person and you immediately tell yourself that they had some special advantage that let them be successful.
There’s a huge growing market for mobile phone accessories, and plenty of handmade sellers are raking in 6 and sometimes 7 figures from their phone case businesses. You can get your own phone case business up and running as a side business idea in a matter of days with turnkey solutions from Case Escape, my previous company, and you can now get ready-to-go kits that’ll give you everything you need to start a phone case business. Once you’re up and running, you can sell cases on Etsy, Amazon Handmade, and Fancy. During our first year of selling phone cases as a side business idea on our Etsy store, we made around $60,000 in revenue from that selling channel alone—not to mention additional sales from fairs, trade shows, promotional products vendors, parties, events and other online marketplaces. From there, the sales only continued growing and we graduated from side business idea to full-time company that I ran with my best friend for multiple years.
Meghna Nayak, Founder of LataSita, a fashion brand that up-cycles old saris into beautiful unique and ethnic pieces, states, “I felt inspired and confident enough to start LataSita in India where we already have a long history of upcycling and jugaad woven into the culture-I wanted to update it and infuse it with some style and snazz!” (As stated by Vagabomb). While most of her fixed budget was spent on material for her designs, the concept of recycling saris helped defeat that splurge. Her primary investment went into maintaining a studio space and paying her two tailors.
Acquiring funding may be the biggest challenge you’ll face when starting a food truck business. The first goal should be to put together a solid business plan. You should also make sure to have good personal and business credit, as this will increase your chances of receiving a business loan.
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.
We all have something that we are good at, so why not try to sell your services in the form of a private lesson: a very low risk start-up. You might find teaching the lesson to be the easiest part. Along the way you’ll gain valuable marketing and sales experience in your search for clients and practice skills like negotiation and client management.
Really enjoyed your article..I am in the process of setting up a home based business of making and selling accent pieces and furniture. Please could you send me your pdf on this process I would be great full for any help.
The great thing is that creating your own professional-looking social media is incredibly easy with a tool like Canva, which you can use by signing up for free. Even with their free version, you have access to thousands of templates and images.
Spending a leisurely afternoon in a swimming pool can be a lot of fun. But cleaning it can be a pain in the neck. Hence, most pool owners hire people to do the cleaning for them. If you need extra cash and don’t mind getting physical, then pool cleaning is a viable side business idea for you.
My friend’s wife earned an advanced degree in nutrition, put out her shingle, and tried some marketing, but her business progressed very slowly. Then she teamed up with a local gym and her business took off.
But that’s a bit too simple. What happens if the best selling teapot is just a big brand name that is rubbish but they are spending a lot on advertising? People are still buying it but they are giving it bad reviews.
If you’re starting your own business and work full-time in your own company, you can claim back the income tax you paid in the previous 6 years to invest equity into a company (subscribed as shares) engaged in a qualifying trade.
If you’re the sort who takes apart the computer for fun, operating an electronics repair shop out of your home is a natural decision. In particular, repairing iPads and other tablets would provide you with a great deal of business, as many tablet users are looking for a less expensive way to fix smashed screens and other damages that can be costly through the manufacturer. Median salary: $49,170.
If you’re a longtime reader of Foundr, you’ll be familiar with this simple tool. If you’re not, the business model canvas is basically a worksheet that helps break down the nine essential elements of your business. It’ll allow you to take an objective look at your business idea and consider areas that you might not have thought about before.
Make use of marketing and PR. You will want to reach out to potential customers in ways that make them want to use your business. This is especially important when you are first starting before you have an established, regular customer base.
This is good specialized business with a specific, clearly defined market to target. Until you have started to gain momentum you might want to find someone you can rent a horse trailer from on an as-needed basis. Then buy your own trailer after you start to build your customer base.
I’ve been providing a simple ‘green’ service at commercial properties since 1981. Using only hand tools, I perform a daily litter cleanup service for the exterior property (sidewalks, parking lot, landscape). Almost as easy as going for a walk! I generate a six figure income yearly from this simple, home based, low cost start up business and I can teach you how to do the same. Details online: http://www.cleanlots.com. Affiliate program available.
If you live in a bustling area, chances are local businesses could use a local courier service. Unlike the big name services, you can offer more flexible pick-up and drop off times, which can be a godsend to many small businesses. According to About.com, half of couriers earn in the $17,000 to $27,000 range.
A small business typically doesn’t hire a full-time HR person until it reaches about 50 people in size. Until it reaches that size a company might contract for an HR person one or two days a week through a human resources service. One of my friends with experience in HR built up a good business on this model. It helps if you are a good networker or are comfortable approaching small business owners to sell them your service.
Businesses always need graphic designers to help them convey information visually, through logos, advertisements, posters, websites, and the like. While it is possible to be an entirely self-taught graphic designer, most have either a certification or a degree. Other than the cost of design software, this business has very little overhead and can be done anywhere with a dedicated computer. According to the Bureau of Labor Statistics, graphic designers have a median salary of $45,000.*
All those phone calls you get from non-profits looking for donations…the majority of those calls aren’t from the non-profits themselves, they are from fund-raising firms. Yes, you could put together a phone solicitation service for non-profits, but fundraising is increasingly turning to inbound marketing. You could develop strategic inbound marketing plans and/or execute these plans for your customers.
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 *