how to set up a small business | how to start a business step by step

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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.
So, you start out with some stunning jewelry designs but how do you turn it into a business? One of my friends’ sisters turned her jewelry hobby into a full-time job by selling her products to a few local jewelry stores. Another woman I know built her business into a much larger enterprise…all built around a strong unifying theme. That’s the key here, success will come a lot easier if you build a distinctive overall brand, and ideally have closely matched collections within the brand.
LLCs are considered “pass-through” entities and do not ordinarily pay income tax directly. Nevertheless, some states require certain LLCs to report income for informational purposes. Ohio requires multi-member LLCs to report income and withhold income from members residing out of state.
Have some extra space in your home? Turn that extra bedroom into a “bed and breakfast” room. If you live near any sort of tourist destination, you can try your hand at renting out a room through Airbnb or CouchSurfing.com. You may also find paid hosting opportunities in your community: Sign up to host exchange students, visiting professors to a nearby college, or hospital patients receiving long-term treatment.
A dropship business means that you are selling physical goods that you have other companies ship out. For example, you may create a website selling desk lamps. You would take the order from the customer on your website and then you would have the order shipped out by the supplier. Drop shopping differs from affiliate marketing in that the customer stays on your website to complete the order. Furthermore, you process the order and then ask the drop shipper to fulfil the order. Affiliate marketing on the other hand, is more of a marketing service–providing traffic to the website of the company that provides the product. Drop shipping may have higher upside but if you are just getting started I would recommend that you keep things simple and start with affiliate marketing.
Yoga is getting ever more popular, which means yoga instructors are more in demand than ever—making this another physically rewarding side business idea. Link up with a local yoga studio to teach nightly classes or offer personalized yoga in-home at a higher rate to pursue this kind of emotional and physical balance with others, during your free time while helping your bank balance, too.
This is one of the most popular small businesses because everyone wants a house cleaner. The work is repetitive. But if you can show up on time and do a good job consistently (I find many the work of many cleaners deteriorates after the first few weeks), you will build a healthy clientele. And if you can charge enough so that you can delegate, you can grow this into a large business.
Lionbridge hires social media evaluators to rate social media ads and content for quality and relevancy. Must have a smartphone, laptop, and be familiar with social media platforms like Facebook and Instagram.
Instead, at least for now, forget branding and unique selling propositions and all the business-identity stuff. And don’t worry about finding the perfect URL or website design or promotional literature. You’re putting those carts way before your business horse, too.
Nearly everyone owns a smartphone these days, and accidents happen — just think of how many cracked iPhone screens you’ve seen. A smartphone repair business can save people the hassle and expense of having to buy a new phone.
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.
I view a café as positioned somewhere between a sandwich shop and full service gourmet restaurant. You will be cooking a lot of items but not everything, and your dining space will be simpler than a fancy dinner spot. So, you save money on buildout both in the kitchen, the equipment and the dining space. And you won’t need as expensive a chef as you would for a full-service restaurant. Furthermore, if you choose your location well you could have a good lunch business, as well as a dinner time business, and you could do fine in the late afternoon time slot too. Then of course you could offer breakfast as well and really fill in your day!
This is a big business with lots of opportunities. It is largely a do-it-yourself hobby, so you make money by selling supplies, expertise or services to scrap bookers. You could give courses or hold events on scrap booking. A common way to break into this business is to hold “scrapbooking” parties. You invite friends and acquaintances to your house, tell them all about scrapbooking, and try to sell the supplies they will need to get started.
Work at home transferring data from one source to another. Most of these companies do not require past experience, although with few exceptions the pay may not be enough to consider it a stable income. Before you begin applying to any of the companies below (many of which sadly are almost never hiring), you might want to read the post I wrote about data entry jobs from home. It explains what your expectations should be prior to pursuing a career in this industry.
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.
You could find some space on a busy street, perhaps in a resort area, and equip it with arcade games. But I would try instead renting a cool collection of arcade games for parties. The overhead is less, you could start out with just a few games, and you know how much money you will be making before you go to work!
One of my friends developed a great retail business with several small gift locations inside of shopping malls. She taught herself to make mouth-watering candy by practicing up in her kitchen. Most of her candy she made herself, but she did compliment her offerings with a few products she bought wholesale.
However, there are plenty of reasons you might want to form a corporation, too. Let’s go over the key distinctions between each business structure so you can get an idea of what sounds like the best fit:
Using your skills for profit is a common trend with all of the best side business ideas. If you’re an expert at something, there’s likely an audience of people online who would be willing to pay to become an expert in your field—just like you. If you want to take your skills and turn them into an online course that teaches others how to get the same results you’ve achieved in your life, career, or business, start with How to Create an Awesome Online Course on Udemy, where instructor Miguel Hernandez covers how he makes over $90,000/yr teaching online. You’ll learn from more than 8 hours of video instruction.
A growing senior population means higher demand for home health care services. The 65-and-older population will grow to 98 million by the year 2060, more than twice the number in 2014, according to the Administration for Community Living.
Enjoy baking and have a bit of an artistic touch? Learn how to decorate cakes and make them for special events. Sell your creations online via Craigslist or your local neighborhood Facebook page, or at local farmers markets. Many people are willing to pay others to create custom cakes for birthday parties and special events.

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In most cases, these firms offer a team of experts to plan out your company registration from scratch — this includes the strategies you need to follow in order to smoothly set up your business, itemizing potential costs, offering licensing and location options, coming up with solutions for potential business hurdles, and so on.
The antique market is not as lively as it used to be. But there’s still money to be had from the industry if you love rare old stuff and possess the skill of restoring them to their former glory. To start an antique refurbishing business at home, you’ll likely need a few thousand dollars to build out a basic workshop and stock it with all of the right treatments and materials in order to truly excel with this side business idea. Start small by borrowing around what you can, and learning the basics of the trade as a side hustle before investing in a ton of equipment.
We know that a company’s success starts with its employees. We also know that an individual’s success starts with the right career opportunity. As a Best of Staffing ® Client and Talent leader, Aerotek’s people-focused approach yields competitive advantage…
Then you can move into more actionable online courses like Modern Web Design on CreativeLive and Learn Web Design and Profitable Freelancing on Udemy will teach you everything from foundational web design knowledge to earning your first freelance income as a web designer. On top of that, you can take even more immersive courses and learning experiences with access to direct instructor feedback and personal mentorship with platforms like Treehouse, Lynda and General Assembly to get up-to-speed even quicker with this career path and listen to my podcast interview with Ian Paget about how to become a freelance designer as a side business idea.
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While having a formal background in graphic design is absolutely going to be helpful, it’s also relatively easy to learn the foundations of graphic design on your own. An increasingly easy-to-use Adobe Illustrator and even more easily accessible tools like Stencil and Visme are making it so that just about anyone with two opposable thumbs, a bit of creativity, and motivation can earn a side income doing things like designing (and selling) images like these motivational quotes that can be printed onto posters and sold on platforms like Etsy. Or you can find a local startup, small business owner, or photographer who could benefit from some extra help designing or altering images.
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  1. With nearly 100,000 different custom extensions both free and paid available in Google Chrome’s marketplace, there’s a huge opportunity for creating a useful extension for people to use while browsing the web as a low effort business idea. One of my favorite Chrome extensions, Yet Another Mail Merge, which enables you to send bulk customized emails from within Gmail, gives you 50 free credits to send emails and gives you the chance to upgrade to a paid account to unlock more sending—a great upsell for the people who are getting value from the extension. Even free Chrome extensions like SVRF Tabs by SVRF, which replaces your new tab with stunning VR and 360º images, have the potential to bring in new users and eventually drive revenue for the startup’s core business. Another fun example from a friend of mine, Kathleen Garvin, is Hide images with NOPE, a Chrome extension that hides images on the web pages you’re browsing—to help eliminate distractions and keep you from seeing images (like those of certain politicians) that you may want to hide. This side business idea is particularly great because it also allows you to showcase your development skills—which can be put to work as an adjacent side business idea on a freelance basis alongside the Chrome extensions you launch.
    It’s also important to pay your regular debts in a timely fashion. If you get a reputation for stalling on a debt, you could find it difficult to form business relationships in the future. Plus, if you stay current on your debts and pay them as you incur them, it will help you avoid being overwhelmed by cash flow problems if several debts come due simultaneously.
    Although TeleTech offers many customer service jobs at call centers across the U.S., the company also hires at-home workers. Just look for the listings with “work from home” or “Remote” under “Location.”
    LLC (Limited Liability Company): Again, this is the most popular business structure because it offers the protection of a corporation without the double taxation or intensive legal upkeep. LLCs also get more versatile taxation options. If your company includes two members or more, you can choose to be treated as a partnership or corporation, while single-member LLCs can opt to be taxed as a sole proprietorship.

  2. Investment: A wedding-planning business can be operated out of your home, so expect low startup costs. You’ll likely need to create a website and spend some money on marketing. Some training may be required if you lack experience.
    If you know how to play an instrument well (particularly the piano or the guitar) and have patience, you’ve got what you need to teach others how to play. Offer lessons in that instrument to others – this can also be an excellent service to barter with, too.
    Beware of business propositions that seem to offer “something for nothing.” They probably involve taking something from somebody—usually you. There are innumerable variations, some more polished than others. Examples include pyramid schemes[4] and advance-fee fraud.[5]
    One thing that most small towns have in common is grass, lots, and lots of grass. Since small towns tend to be in rural areas, more residents are likely to have lawns and larger gardens. That means people will be on the hunt for lawn and gardening services. A few of the benefits to starting a business such as this in a small town is its predictability, reliability, and scalability. Once you begin finding customers, as long as you have quality services that are reasonably priced, you’re likely to keep the same customers for years. You’ll also be able to predict the repeat services that customers will need. Not only does grass need to be cut repeatedly, but lawns need to be fertilized and treated for weeds and bugs on a regular basis. Lawn care is also an ideal small town business idea that will scale well. You can start off by offering a few services such as lawn and shrubbery care, but can later expand to offering landscaping services as well.
    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.
    #15 – 3 Play Media relies solely on home-based transcriptionist to transcribe audio files. Just like most transcription companies, you must pass the skill test before accessing audio assignments. The company prefers you to use a foot pedal or transcription software. The job pays up to $25 per hour.

  3. A limited liability company (LLC) is a popular way of setting of a business because it allows the owners to limit their personal liability for actions taken by the company. While an accountant or an attorney can set up an LLC for you, it is usually pretty easy to complete the formation process yourself. Keep in mind that each state will have different rules for forming an LLC, so it is important to look at your specific state laws before proceeding.
    Contrary to popular wisdom, real estate prices don’t always go up and catching the trends can tremendously amplify your success in this market. One of my business school classmates caught the trend just right in the Houston commercial real estate market, and then did the same in Boston. Another business school classmate took advantage of the huge 2008 real estate sell-off by scooping up thousands of homes in particularly hard-hit areas like Las Vegas with his hedge fund. The safest way to buy real estate is to make sure that your cash flows from current rents will justify the minimum return you need, then you can look at any appreciation as pure gravy!
    This is a big business with lots of opportunities. It is largely a do-it-yourself hobby, so you make money by selling supplies, expertise or services to scrap bookers. You could give courses or hold events on scrap booking. A common way to break into this business is to hold “scrapbooking” parties. You invite friends and acquaintances to your house, tell them all about scrapbooking, and try to sell the supplies they will need to get started.
    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.
    Digital products like music, courses, and templates are unique on this list of ideas. Unlike the others, they’re not tangible products. There aren’t recurring manufacturing or shipping costs to worry about so your margins can remain high.
    A photographer, for example, can service a local event while selling prints online through their Instagram account. Coupling your service-based business with physical products can give you another source of income that isn’t directly tied to your time.
    Are you the one all your friends call when their sink is clogged or their roof is leaking? Are you looking to start your own business but not thrilled about having a brick-and-mortar location? A home improvement business might be just the small town business idea you’re looking for. When small towns lack a basic handyman, residents must book appointments days, if not weeks in advance to have a larger service visit their home. That’s not so convenient if your toilet has been clogged for three days. As long as you are qualified, have the experience, and know your way around a tool shed, starting a handyman business is fairly straightforward and requires little overhead.
    Stella & Dot – Run your own fashion social selling business. Stella & Dot is so much more than a fashion brand – we are inspired by, and created for, strong women just like you! We designed a smart, stylish business that works when you do. Plus, Stella & Dot is more than just a company – it’s a community. At Stella & Dot, success is defined by your happiness. It’s your business, your pace, your way.
    Consider a home equity loan. If you have a home, looking to get a home equity loan can be a wise idea, since these loans are typically easily approved (since your home acts as collateral), and interest rates are typically lower.

  4. If you don’t mind parading yourself around in public places as a side business idea, and enjoy a little attention, then working as a human billboard can pay a surprising amount of dividends. Renting out your beard, for example can earn you as much as $5 a day while having a brand logo tattooed on your shaven head for five years could pay as much as $7,000—though this type of earning opportunity is admittedly rare. This business idea is definitely not for the faint of heart, and is a little extreme for me, but nonetheless it’s been done as a side hustle for many people. You can start by holding a placard or wearing a sandwich board. If you think this is a good side business idea, you can go all the way and turn it into a full on small business idea with enough hard work—plus you won’t have to deal with all the issues other more complex businesses have to constantly think about (like reducing churn).
    One of my friend’s mothers who had performed as a Radio City Rockette, founded a highly successful dance studio for young girls. She was successful enough to rent large commercial space, but this is a business you may want to start in your home.
    Now that you’ve got the legal and financial aspects of your business taken care of, it’s time to think about creating a brand. There are a number of things that affect your brand image, but two major factors are your business logo and website.
    What price do you intend to sell your product or service for? How much will it cost you to produce? Work out a rough estimate for net profit—factoring in fixed costs like rent, energy, employees, etc.
    Listen to my interview with serial entrepreneur and investor, Michele Romanow about how she built an app that earned $500,000 in 3 months (as a side business idea outside of her day job) and how she eventually sold the company to Groupon. It’s seriously incredible.
    Set up your home office. To work effectively, you’ll need to have a dedicated business space within your home. If you work locally, this is also your commercial space. You’ll need to create an area separate from family members, pets, and other distractions.[5] If possible, separate this area as much as possible from the rest of your home. The physical separation will help create mental separation between your home life and work life and also make the tax deduction for a home-based office less subjective.
    Who says you need technology in order to start? Some people even enter paralysis from just not starting just because there is not enough technology or the technology they currently have is not as updated.
    We are seeking individuals to be connected with companies who are hiring employees directly to working from their homes. You will find both full-time and part-time opportunities in a variety of career fields including but not limited to: data entry, custom…

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