how can i start my own business | what do i need to open my own business

If you’ve developed valuable skill sets or certifications within your industry over the years, consider putting your skills to use in your free time by offering your consulting services to local business owners as a potentially lucrative side business idea. Whether you’re an expert marketer, business strategist, or manufacturing aficionado, there’s likely a local business owner who’s willing to pay you to help them solve an issue with their company—if you can craft an effective cold email that convinces them to hire you. Start with this 18-step checklist to becoming a local business consultant as a side business idea, from Karyn Greenstreet. When you’re ready to get serious about becoming a consultant, check out all of my picks for the best online business courses to keep building your skills and learning how to land your first consulting clients. Personally, I think this is one of the best business ideas you can get started with today.
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If you buy a franchise, they may come with back-office support to help you run your business, including with money transactions. If you’re running the business on your own, you could use a service like Paypal to conduct any transactions.
Obtain UIA Number. You can get your Unemployment Insurance Account (UIA) online from the Michigan Department of Licensing and Regulatory Affairs. You must have this account prior to hiring employees; you’ll also need this number to file your quarterly tax reports. It only takes moments.
The day spa business is hot as more and more overworked people seek rejuvenation for their tired bodies. I would pull first time customers in with very sweet deals, then try to tie them in with a membership model, such as so many day spa visits per month for one flat rate. Building out a day spa can be expensive and will usually cost more than you budget, so with your first spa I wouldn’t get too carried away with remodeling. Instead make the spa nice, but not lavish, and then offer great service.
Before you can register your company, you need to decide what kind of entity it is. Your business structure legally affects everything from how you file your taxes to your personal liability if something goes wrong.
I invested in a friend’s prefab home construction once and lost all of my investment when a huge downturn hit the real estate market. Nonetheless this is a powerful business concept. By doing much of the house construction process in a fully equipped, controllable environment, the building process can be much more efficient. Furthermore, by using prebuilt modules, a builder can still construct a gorgeous customized house. You can get involved in this business by building the prefab homes or modules yourself, or as a housing contractor using prefab modules.
If you want to find a profitable online course idea in the next 3 days, join my free online course Find a Profitable Business Idea today. It’ll walk you step-by-step through the process I’ve used to generate more than $15,000 in online course sales in a single week. Then once you’re ready to start teaching your own online course, I recommend using Teachable, the easiest and most affordable platform to use for creating, hosting and selling your online courses. They also have a ton of free educational resources about how to get started with creating an online course (yes, even as a side business idea) when you sign up right here.
If you have a fondness for taking pictures of smiling families or laughing children blowing bubbles, consider becoming a stock photographer and selling your images to a stock photo company like Unsplash, ShutterStock and iStockPhoto as a side business idea. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.
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.
This is a good solid little business but the income just from mail boxes is probably not going to set the world on fire. However, by the nature of this business you have a captive audience that you can try to sell just about anything else to. Often people combine mailbox rentals with shipping services for example.
One major reason why? Technology has enabled the phenomenon known as open innovation to thrive. Open innovation is a paradigm shift that embraces the benefits of transparency and collaboration as they relate to idea-sharing. Dr. Henry Chesbrough, a professor at UC Berkeley’s Haas School of Business, first described the concept at length in his 2003 book of the same name.
When you need professional help to launch, expand or relocate your business in New Jersey, we are your “one-stop” resource for everything you need. Make one call to the NJ Business Action Center (BAC).
#11- TranscribeMe,  a company that pays up to $20 per hour for an audio transcription. As a requirement, you must pass their short transcription test for you to be shortlisted for transcription projects. TranscribeMe pays weekly via PayPal for every completed order.
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“Innovative companies aren’t going it alone,” the report states. “Instead, they’re pushing the boundaries of innovation both inside and outside their organizations by breaking down traditional barriers, tapping a much wider ecosystem for ideas, insights, talent, and technology, and incorporating the customer throughout the innovation process.”
While the barriers to entry for a retail shop can be very high, one way to keep costs down and limit your time investment while you keep your full-time job, is to set up a weekend popup shop as a side business idea. More of whatever it is you’re selling—donuts, clothing, antique baseball cards, or anything else—will stay in your pockets instead of going to pay for operating expenses such as rent or utilities by choosing to pursue retail as a side business idea with a short-term rental. This guide from Shopify will give you a step-by-step process for getting your popup shop off the ground.
The Give & Grow Shopify app makes it easy to partner with charitable organizations and incorporate your mission into your business. You can set it up to donate a specific amount or a percentage of sales, or ask your customers to add a donation at checkout.
3. Select a relatively simple idea to focus on first. The process I am laying out here is a test in and of itself. Without spending very much time or money, you can determine if your idea is worth pursuing further. That said, I highly recommend selecting a simple idea to focus on first. Complex ideas require more time, money, and work. Can you describe how your idea will solve a problem quickly and easily? Can it be manufactured using existing technologies? Will you be able to create an initial prototype inexpensively? Does it have a wow factor? Does it have mass appeal? Licensing an idea is all about risk reduction. You need to make it as easy as possible for a potential licensee to say, “Yes, that fits in perfectly, we need that product.”
A lot of people make some really neat crafts. But to be able to make money at it, you also need to be able to price your products reasonably—and allow yourself enough money to bring your product to market. That being said, there are more markets than ever for your products! In addition to local retailers and craft fairs, you can sell them online, on your own website, or through third party sites like Etsy or EBay.
Sykes hires agents to work from home throughout the United States and Canada. The company encourages you to “join the team of 6,000 agents across North America who accept inbound calls routed virtually to their homes.” Apply to work for the company here.
A business idea that looks good on paper may not be that attractive when you actually get into it. An expert’s opinion may help you look at things from a different perspective and gain more knowledge that you may lack.
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.
Yes, you can learn how to repair smartphones. You can buy parts (you should inventory more common ones) and you can watch videos on YouTube that show you how to make repairs. I have been to a small shop in Cambridge that specializes just in fixing casing and glass on smartphones. You can make good money but it will take some patience to get going. A storefront, even a small one on a secondary street or second floor of an office building, will help make your business seem more established.
Many people give up on their faulty laptops, mobile phones, or cameras without even looking into the cause of their malfunctions. If you have the skills to fix them, consider pursuing this side business idea of refurbishing and reselling used electronics in your free time.
RaesWear – Reach your financial goals selling products all women love! RaesWear sells luxurious, hands-free athleisure clothing that allows women to exercise, run errands, push strollers, or go out on the town without the worry of arm bands, fanny packs, or purses! With a patented product, you won’t worry about competition from imitators and the market is ripe to grow your business as this is the fastest growing apparel segment in the United States. Join now, earn up to 30% commissions, and have an opportunity be a Founding Member of our growing organization. Contact us today – leigh@raeswear.com.
When making a website keep in mind that simplicity and clarity are key. A simple design that clearly states what you do, how you do it, and what you charge is most effective. When making your website, remember to emphasize why your business is the best solution to a clients problem.
Yes, even the PowerPoint presentation requires outside consulting every now and then—especially if it’s not your forte. I know I would happily outsource the visual layout of my presentation decks for work meetings, investor pitches and lectures. Tobias Schelle of 24Slides is living proof that you can turn your skills at slideshow presentation design into a legit side business idea—and potentially earn up to $20 a slide for your time and talents.
Helping clients design and decorate their homes can be a fun business opportunity for design-oriented entrepreneurs. And though there are some online tools that can help with those processes, it isn’t as necessary as a keen eye for design.
Choose your partners wisely. When choosing the person or people you’re going to build the business with, be careful. Even if someone is your best friend, it doesn’t mean that you will partner well in a business operation. Start it with a reliable person. Things to consider when choosing your co-leaders and support cast include:
Make your pitch to partners, friends and family or silent investors if you are seeking that type of money. Use your business plan to demonstrate that you have done your homework, have objective data that shows your concept is likely to work, and can project your income and expenses with hard numbers. Bankers and investors will often want to see your business plan and budget, according to Inc. magazine.
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 …
Stay focused on central goals. This may sound contradictory to what we just discussed, but it’s not. The point here is to avoid chasing after every marketing idea that comes into fashion. It’s better to invest a significant amount of time and money into one or two stellar marketing ideas than to spread yourself too thin.
#12 – Rev is a transcription company that requires you to work as much or little as you want. As a qualification, you need to pass the skill test for you to access the transcription assignments. The pay ranges between $24-$39 per audio hour made every week through PayPal.
While this is a long list of business ideas—I have carefully pruned it for you. I started out with an initial list that was more than twice as long…and ruthlessly chopped off the weaker business ideas that I didn’t want you to consider starting.
#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.
I find the car wash business highly attractive and even considered opening one at one point. You have a regular clientele, in many areas the competition isn’t too intense, and there is lots of room to upsell more expensive services like detailing. If I was going to go into this business, I might consider starting with a smaller facility in a smaller market, and really learning the business before going for a larger facility, in a more competitive marketplace.
Having built one of the largest independent book publishers in the US, I can tell you that book publishing is not the easy road to riches that so many people think it is. Furthermore, I believe getting really rich publishing your own eBook can even be harder. For one the competition is insane…you will be competing with everybody and their mother, including people who are literally giving away their product. Furthermore, it is increasingly hard to get attention for books in the media, and it is hard to convert website visitors into book buyers. But hard is not impossible, and you could publish that rare book that makes a lot of money. Several of the book authors I published earned over a million dollars, and that was just from their royalties.
This is a perfect side business for people who love antiquing. Take worn-out antiques home with you, invest the time and care needed to transform those old items into something amazing, then resell them at a profit.
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.
My wife is quite handy with a sewing machine and often hems and modifies our children’s clothes. She could easily take this a step further and offer her services to others, doing basic garment repair and modification for a small price on lazy evenings.
Nice article, very informative. Please share any IT (eg: IT Services) related business ideas. I am also one of them who just thinks, instead of doing something :). But looking forward to start something soon.
Believe it or not there’s a treasure trove of valuable items being thrown away by big box stores around the world. Electronics stores toss out everything from printer cartridges to tablets, and if you’ve got the stomach for rummaging around in dumpsters you can easily earn a bit (more than you ever thought possible) with this side business idea.
You could sell or repair drones, or you could provide one of an unlimited number of drone services. You could provide drone photography or video-taping such as of sporting events, you could offer drones for parties, you could offer drones to inspect infrastructure. There is almost no limit to what you can do with drones!

Cass Information Systems – Data verification and data entry work. This position is location-based. If the position is open, you’ll see it under “Data Verification Clerk.” Training onsite is required before you can do the job from home.
Guest interactive murder mystery productions are very popular and no wonder–they are a lot of fun. You could do this on your own, renting a public venue and all that. But instead I would recommend that you partner up with a local business, such as an inn or restaurant, which could use an event like this to promote their business.
Traveling Vineyard – Pop open opportunity and get ready to change your life one cork at a time. The only real requirement of this job: being awesome. It helps if you like wine, too. Other than that, the rest is easy peasy. Maybe you’re looking for a little extra spending money. Or maybe you just need a reason to get out of the house. Your reason for becoming a rock star Wine Guide is up to you. But the opportunity is all yours—all $30 billion of it. You ready? Let’s rock this dream.
The Square is a card swiping device which connects with a smartphone or tablet and turns that device into a sort of cash register. You may have encountered this device in the businesses you frequent, as they are becoming common at coffee shops, restaurants, street food stands and other businesses (look for a postage-stamp sized plastic square plugged into a tablet or phone).
To get started in fence installation I would first offer fence repair services. I think a lot people like me first try to repair their aging fence a few times before totally replacing it. This is a good niche business.
The traditional model of entrepreneurship that continues to be taught today is to write a business plan, raise capital, source manufacturing, develop marketing materials, and fulfill and distribute orders — to do it all yourself. Clearly though, not everyone has the time, financial resources, experience, or even the desire to start and run a business. And what about those who have many ideas for new products? Not every idea needs to become a business.
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:
If it does not exist, create it. If you have an idea-ideas or skills, think of how to use your ideas or skills to create a business and to put it out there to see what it can attract and what you can create. Many successful businesses started with an idea and that idea has become a success “from one person business to global corporations”. Failure is an attempt at success, if you don’t give up and modify each attempt, then each attempt can become a success.
With many websites getting the majority of their traffic from search engine results, it is no wonder that the demand is huge for SEO specialists. Sure, the days of playing “black hat” tricks on search engines are long gone, but there are many legitimate levers you can pull to help bring web pages to the first page of search engine results.

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