Of course, I might be a little more inclined to start a catering business if I had ever learned to cook anything beyond a hotdog! One of my friend’s sons, on the other hand, learned how to cook at a young age and started his own catering business when he was about 12 years old – successfully running it for a number of years, despite attending school on a pretty regular basis. So if he can do it – and you can cook a little bit more than I am able to – then you could start and run your own catering business too!
The best entrepreneurs are always the most curious ones, and getting a library card, or the other free alternative of your choice, can open up a whole world of information for you. And if you make sure to actually return your books on time, then you don’t have to worry about late fees either!
Congratulations on your decision to start a new business! Getting a new business up and running requires time, dedication and resources. Here are some important decisions you need to make: Structure. Determine the legal structure of your business…
If you have done some browsing on Alibaba, you may be a bit shocked at how cheap the factories are selling wholesale quantities of their goods for. Unfortunately, it’s not quite as simple as taking the price you sell it for and minusing the price you paid, There are a lot of costs to include.
If you will sell products, you need a seller’s permit. Your state department of taxation’s website has complete details, forms, etc., if you decide to apply online, but most localities have forms you can complete while you’re at their administrative offices.
One of my friends with a background in manufacturing started a business removing waste from building sites and then he progressed into the demolition of industrial buildings. Like other construction related services, one of the keys to success is very carefully bidding for your work. You also need to make sure you get paid–general contractors can be highly successful one minute and then short on money to pay bills the next.
Public notaries primarily serve as validators of, and impartial witnesses in public legal documents, especially those related to affidavits, oaths, deeds, estates, special-powers-of-attorney, and business agreements. Depending on the state, a full-time notary public earns an average annual salary of $36,000, which makes it a great business idea to do as a side hustle as you bring in money through other ways. If you want to get started with this business idea, here are the requirements and steps you need to consider in the US.
If you are looking for quick extra cash then signing up for sites like MySurvey can get you a nice side income with immediate results. You will not get rich doing surveys, but each site could net you anywhere from $30 to $100 per month. Some other popular survey sites include:
There are basically two businesses here and I would tend to focus on one or the other. One is providing medical help such as skilled nurses. The other is providing senior companions. Both can be great businesses with long term revenue streams and high demand.
A vending machine business is easy to start up and maintain. Because vending machines have evolved beyond candy and soda machines, the opportunities to grow with a new vending concept are favorable. You can begin the business by purchasing machines from a supplier and establishing relationships with business clients who will use your machines.
If your social media postings develop a large enough, or a specialized enough, following you may be able to earn money as a social media influencer. There are social media influencer platforms you can get listed on, and there are advertising companies hired specifically to promote company brands via social media influencers.
Just go to the loading stations and ask how loading business works. Essentially, what you need is simply a sim card that is able to load other Sim Card and the Load Wallet Balance then that’s it! Really simple.
Oh my God…People act like starting up a lawn care business is difficult. I have a full-time job as a software sales rep, and my buddy & I decided to make some easy extra cash. We started this spring, just posted ads on Craiglist for free (and make sure you are updating multiple ads on there each day), and we’re up to 28 accounts in St Paul, MN, and we rev just shy of 4k/month. I would say it takes us 10-12 hours together to bang them out. We cruise out on Friday after work, and finish up on Saturday. It’s not rocket science…The one bit of advise I can give you is, in my opinion, going after residentials are best, and stay away from commercial unless it’s cake….don’t low ball to gain business…I found it to be nice to find realtors who own multiple rental properties as well. They just want their cash cows to look presentable, and their tenants are typically never out when you show up so it’s easy sailing. Best of luck.
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).
I like the vintage clothing business because you are not competing head to head with all the retailers and online sites selling new goods. Furthermore, you can have high margins. I would look to at least double my money on any vintage clothing that I buy, and I would try to pay for items with store credit not cash, as much as possible.
As I’ve already covered with TeeSpring, the T-shirt retailing business is worth millions of dollars. But what if you want to do the manufacturing side of things? T-shirt printing turns out to be quite a rewarding business idea for many each year, but can quickly consume much of your side business idea time—so know what you’re getting into before diving in. This multi-billion dollar industry counts big corporate factories as well as home-based part-time entrepreneurs.
Your idea will bring you your company, your company will bring you the people, and the people will bring you the market. And as we all know, a good idea has no monetary value, just a whole lot of bursting potential. Today, the world’s most successful entrepreneurs like Bill Gates, Mark Zuckerberg, and Elon Musk may hold the possibility of building pyramids out of notes, but none of them started at the top of the ladder. Facebook was created out of a Harvard dorm room at minimal cost and Microsoft was formed two years after Gates decided to drop out of college.
Brilliant advice! I think it’s important to concentrate on the brand too and really think about how you portray yourself – sell the lifestyle and make it something people really want! I’m starting to branch out into niche websites and am excited about selling products I’m passionate about!
Tax Calculation: Tiered based on taxable gross receipts. LLCs with between $150,000 and $1 million in gross recipes pay $150. If you form an LLC during the second half of the year, your first year’s CAT is $75.
Even small businesses need all kinds of insurance and you can help them by getting them the coverage that will help save their business on a rainy day. To succeed in this business, you need to be outgoing and network well. But you also need to come across with a smart, consultative sell, not a hard-core pitch. It will take some time to build a corporate insurance brokerage, but this kind of business offers both high income potential and the possibility of someday selling it for a high multiple of earnings.
Even with online recharge, in India most mobile-users prefer visiting a recharge shop to fill their balance. So those looking to practise this business can start by renting a space in a small local shop. This rent will be the primary (monthly) expenditure. You also need to form ties with the network providers of the area, such as Airtel, Vodafone, Idea etc., and pen down their commission rates, where they will receive a cut of your profits from the sale of the commodities taken from them. Assuming that you aren’t looking to rent out a shop-space in any expensive real-estate property, your overall costs will definitely feature below the Rs. 10,000 scale.
Would you mind giving up a life outside of work? And, if you have a family, how do they feel about it? “As an entrepreneur, you’re always on call, including nights, weekends, and holidays,” notes Gottlieb. “I’ve had to miss a lot of birthdays and events, and let down a lot of family and friends. At one point, I realized I hadn’t taken a vacation in 14 years.” In what has to be in the running for Understatement of the Year, Gottlieb adds, “The life of an entrepreneur is not in everyone’s DNA.” Many entrepreneurs — including those who have real-life, flesh-and-blood spouses or significant others — say they feel married to their companies.
Early childhood learning seems to be the rage. Even many games have an educational bent. With such high interest this is a competitive space, so you need to specialize. Perhaps specialize in children with learning disabilities, slow learners, creative play, or “gifted” kids.
As the saying goes, one person’s trash is another’s treasure. Without people cleaning up everybody else’s junk, the world would be a lot messier than it already is. This business idea might not be glamorous, but you get to make the world a cleaner place while earning extra side income. To start, you’ll likely need a sturdy second-hand truck and standard equipment like shovels, wheelbarrows, sledgehammers, rakes, and garbage cans to launch the foundation of this side business idea.
Like any other home-based business, you will need to educate yourself on best business practices and tools, file all of the appropriate paperwork, and get your legal and financial ducks in a row. Once you step up the preliminary business framework, you can start working on the fun parts of your business.
The internet changes so fast that one year online equals about five years in the real world. But the principles of how to start and grow a successful online business haven’t changed at all. If you’re just starting a small business online, stick to this sequence. If you’ve been online awhile, do a quick review and see if there’s a step you’re neglecting, or never got around to doing in the first place. You can’t go wrong with the basics.
What is a Statutory Agent? A statutory agent, also known as a registered agent, is a person or business that agrees to send and receive legal papers on behalf of your LLC. Such papers include service of process of legal action (if you are sued) and state filings.
An exclusive distributor, on the other hand, typically has much higher gross profit margins and may sell goods to wholesalers as well as directly to retailers or end industrial users. Sometimes the exclusive distributor imports a foreign product.
This is a perfect business idea for trained accountants who would like to work from home, although it is not necessary to be a Certified Public Accountant in order to become a freelance bookkeeper—it’s just necessary to have the background knowledge that bookkeeping courses at any community college can offer. This kind of freelance work is especially helpful for small businesses that do not need or cannot afford a fulltime bookkeeper, making it possible for you to have full time work through several smaller clients. Median salary: $34,000.
LLC: LLCs are the most popular business structure because they offer the protection of a corporation without the double taxation or extra paperwork. California allows SMLLCs (single-member LLCs), so you can form one even if you’re the only member of your company. Read our guide to more about how to form an LLC in California.
If you want to broaden your services and earn more, you can opt to make the entire house look neat and clean with this side business idea. House cleaning services cover carpets, floors, lawns, garages, windows, walls, and roofs, requiring a whole range of cleaning tools. You can hire maids and janitors to do the actual cleaning while you handle sales, administrative and customer service tasks. Or, you can start small by actually getting your hands dirty as a contractor, learning on the job before launching your own cleaning operations with the help of cleaning business management tools like Swept. Beyond that, I’d recommend checking out Cleaning Zoom’s ultimate guide to starting a cleaning business if you plan on taking this business idea seriously.
You got more business ideas? Message me through the contact page of this site or on the comments section below. If this post helped you, you might want to share it with your friends and relatives who will benefit from this article. Cheers!
It’s too late to invent the smartphone, but there are hundreds of millions of them out there and – as you probably already know – they frequently need repair. Other companies are already doing this, but Page believes there’s room for an entrepreneur who can offer local customers 24-hour service and one-day shipping to others.
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.
Validate the book by giving a survey to friends, an email list, and/or survey sites like Pickfu. By validating your idea before you write the book, you’ll improve the odds of people willing to buy your book (and you’re not wasting your time by writing it.)
If you know a second (or third) language, you can make a living at home translating documents. It’s a global marketplace, and even the best translation software can’t understand linguistic nuance. Median salary: $43,300.
Today people don’t just change jobs, they change careers. And many people changing careers want to get help from someone who can help them find their dream job—that could be you. You could get up to speed in this field by reading a number of books, and by finding some standardized tests to help analyze your clients’ skills and desires. I once published a book that just listed and described career counseling services in the Boston area.