The last excuse is the MOST important one. So many of us SAY we want to “take risks” and “start a business” for YEARS but never act. Why? We’re afraid of failing. Which really means we we’re afraid at what people will think of us for failing.
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.
Cultivate leads with email marketing software. ($20) You’ll want to start building your email list as soon as you can. Take advantage of the free trials and inexpensive plans on offer so you can get started. Total cost so far: $97
This website is meant to be opinion and information based, not legal advice of any kind. We spend hundreds of hours per month updating and refining our content as things change, but to be used as-is. For questions while starting a business, we recommend consulting with an attorney or accountant. Names, trademarks and logos mentioned all belong to their respective owners. Some of the links may be affiliate links, earning us a small commission if you decide to use them, allowing us to continue creating content.
You will want to be sure that you are using marketing which is appropriate to the type of people you expect to be interested in your product or services. There is little point in using social media to, for example, advertise a 55+ only cruise line. Meanwhile, if you’re advertising for your new dance club, a printed newspaper is probably not going to be your best bet. There is also no point in advertising a business only available in Chicago to people in Seattle, so consider physical location as well.
So glad I came across this post! I’m in the beginning stages and needed a go-to checklist. This is perfect. I do want to point out that your link to Launchrock is missing the “m’ in .com Thanks for the great info
If your first yard sale works well, consider having additional ones or even making it an ongoing business. You could solicit friends for additional items they might like to sell, or even find places (like flea markets) to buy items cheaply that you think could resell for more.
Newcastle HeraldForget manscaping, landscaping’s the new trendNewcastle HeraldLawn care businesses in Macarthur have boomed as a result of the growing trend. Macarthur Mowers and Machinery owner Brett Gilleland, who owns […]
This article is Part 1 of a 2-part series focusing on selling a business. Sales of business are strong! In recent years, privately owned business account for almost 70% of these transactions. Most business owners do not have prior experience selling …
As you develop this business further, the sky is the limit. You could expand not only into additional tests, but also into college admissions counseling. One of my classmates from business school offered test prep and college counseling with a single complete package being priced at $50,000! I met a woman at one of the co-share centers at which I worked who previously worked as a college counselor and had been successful enough in her college testing and admissions counseling service to add several full-time employees. Granted she had previous experience as a college admissions officer and co-authored a book about college admissions, but if you can read a book you could get up to speed on this process too!
The benefit here is that you don’t have to risk buying up stock in a product and losing money if it doesn’t sell. The entry barrier is lower and you don’t have to invest nearly as much to get started.
Twice I have heard Jim Koch, founder of Sam Adams beer, talk about how he started his business. I find this to be a tough business. First you need a brew master with deep expertise. Then you have to get your beer taste to be very distinctive and very pleasing. You need consistent quality. You need to stand out versus the many other small brewers, build a clientele, and arrange for transportation. Nonetheless the market is huge and because of the success of micro-breweries, established beer distributors are increasingly willing to take on smaller labels.
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.
With the rise of online craft marketplaces like Etsy, people with decent artisanal skills like sewing and woodworking have an always-open market to sell their products as a side business idea. If you’ve always wanted to design and make clothes by hand, then you can start turning those fashion ideas into real, hand-sewn garments and earn a little bit with this side business idea while you sleep and customers from around the world browse your Etsy & Amazon stores.
You can register on your own by filling out the appropriate business structure paperwork from the IRS yourself, or you can hire a business filing company to do it for you. A lawyer is another option, but that’s often overkill for the average small business owner’s needs.
Put together a comprehensive marketing plan including signage, online and local newspaper listings, and neighborhood flyers. Don’t be shy about contacting everyone in your email database and trumpeting your event on social media!
I am sure you have heard of Amazon. It is the largest online retailer in the USA, UK and much of Europe. A household name. But what you might not know is that when you purchase something from Amazon, there is a very good chance that you are buying from a third party seller using a service called Amazon FBA.
3. Delegation: You have to learn to delegate what you’re not good at. Design and technical stuff irritates me, so I pay someone to take care of them. It doesn’t have to be expensive if you’re smart. It’s all about finding ways to make things easy for you, so you can focus on your strengths.
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.
The other option for online sales is to simply become the eBay middleman. Millions of vendors sell their wares on the online auction house. If you can find an inexpensive source for (legally!) saleable merchandise, you can get into business.
If you haven’t yet found your entrepreneurial niche, perhaps you’ll spot a business that sounds promising (based on the criteria just mentioned) in the list of business ideas below. Some can be started as home-based business, others really can’t. Some require you to be an expert in a particular task or industry. Others are in fields that can more easily be learned.
Many elderly people need assistance with a wide variety of simple household tasks – cleaning, laundry, and so forth. Many adult children of elderly people are quite willing to hire someone to help out their parents.