how to set up a small business | i want to start my own company

Most, if not all, businesses require some kind of license, whether local, county, state, or federal. Each type of license has its own set of requirements, which depend on the type of business you have. And while you can easily handle some licensing issues by yourself, other issues will require a lawyer, so be prepared to hire one [source: My Own Business].
Keep your regular job until you are able to make the same amount of money or more consistently. Many people who have a home based business give up their regular job when they have saved a year’s income.
We offer you the opportunity to earn extra income from home (teleworking) and also to decide your own participation schedule. At this job, you will be performing various tasks such as data entry, performing email response, reviews, surveys and other online…
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.
This is basically an employment temp service, but you may be “leasing out” employees for longer stints of time. The advantage to the customer is that they don’t have to get involved in sourcing, screening and qualifying candidates, and importantly, they are not responsible for employment taxes, withholding and reporting. To succeed at this business, you need a strong ability to sell your services and place employees. This can be a “messy” business with employees coming and going, tax filing requirements, and customers to please. However, the upside is unlimited, some employee leasing firms have grown into mammoth enterprises!
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.
Skilled at basic home repair? Let people know that they can call you for small repair jobs like basic plumbing, fixing a broken stair, and other things. You’d be amazed at the simple things people are willing to pay others to help them with.
Healthy Hands Cooking provides stay-at-home moms with a passion for nutrition and kids, the chance to make a healthy income while making a difference in kids’ lives. Keep 100% of your income, empower kids in your community with vital, healthy living skills, and LOVE WHAT YOU DO!
If you’re artistically inclined or know your way around a camera, you can dropship using a print-on-demand business model to let others physically own a piece of your work. Just be sure you have the rights to the content you want to print, unless you’re using public domain assets that you can freely monetize.
The majority of us don’t have the luxury of being able to quit our day jobs to pursue starting a business idea today, without having to worry about how we’re going to meet our financial obligations moving forward with no immediate income.
Being practical is extremely important when you are toying with the idea of starting a business. You need a steady source of income before you can set up your business, so it’s advisable to hold onto your current job. By retaining your present job, you will be more secure when you need to take risks.
Spend time developing an excellent social media presence. This can be done well before the business is ready, increasing anticipation. Use Facebook, Google+ and Twitter, and any other social media you participate in to build excitement and spread the word. You want to build a buzz so that people will begin following your progress. (Be sure to choose business accounts for your business and keep your personal accounts separate. The messages you send should be tailored differently, depending on which account you’re sending from.)
Yes, graphic design is hyper competitive. But everyone wants a little different style. So, if you get a highly appealing design in front of your prospective audience you can be successful. For this business, I would go crazy having a fabulous looking website with a totally “kickass” front page! Then I would use SEO techniques, social media, and every other marketing tool I could think of to drive traffic to it.
Yes, spending time on YouTube can be a legitimate business idea if you take it seriously. If you can create value-driven, entertaining video content and grow your subscriber base to a few thousand subscribers, your videos can start generating pretty substantial income from all the ads being displayed on your videos. Many YouTube users make well into the millions each year, so there’s clear potential to take this from side business idea to eventual millionaire with the right combination of content, audience, skills, relationships and timing. If you’re considering starting a YouTube channel it’s important use best practices when making videos. Read the YouTube playbook for tips which will result in faster growth of your channel. Additionally think about investing in a quality camera and microphone since the production quality of videos can often affect your viewership.
Potential challenges: It’s a seasonal type of business, as wedding bookings are likely to slow down in the winter — though this depends on where you live. As a result, you may need to get creative when it comes to stretching your earnings throughout the year.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Want to start a food business? A truck is a much less expensive investment than a brick-and-mortar restaurant, and according to Mobi Munch founder Josh Tang, the failure rate for food trucks is just 10 to 20 percent (as opposed to 60 to 90 percent for restaurants). With the right equipment and some great recipes, you can have your mobile eatery up and running in no time.
Swagbucks – Read Review – Open to US, UK, and Canada. While this is just extra money or regular Amazon gift codes, there are tons of tasks you can do to earn daily — everything from paid surveys to watching videos. I’ve been a member since 2007 and can vouch for the company. They have paid me many times. It’s definitely a fun site to use.
Fusion Cash is looking for online users to fill out offer forms of various products and services online. Please note most of the offers are free. Our affiliates receive a $5.00 sign up bonus right awa…
You will also want to define your marketing message. In other words, what will you say to convince customers to choose your product? Here, you want to focus on your Unique Selling Point (also known as USP). This is the unique advantage your product has to solve your customers problem. For example, you may be lower cost, faster, or higher quality than your peers.
People have discovered that they can make so much money at yard sales that they turn it into a regular business, including buying additional merchandise such as at flea markets or online specifically to sell at their yard sales. One town that I vacation in decided that too many people were turning yard sales into a business, and passed an ordinance limiting how many yard sales you were legally allowed to conduct. This is of course another indicator that yard sales can be highly lucrative!
Knowing how powerful the reach of the Internet is for research, companies are very willing to outsource their research efforts to independent Internet researchers. Of course, the more specialized and experienced you are the more ability you will have to both land jobs and to charge premium pricing.
Opening up a taco or food truck might not have been first on your list of ideas for a successful small town business, but depending on the location of your town, the seasonality of its residents, and the weather, starting a food truck business can be a great investment. Many small towns have vibrant communities, and often these include outdoor activities such as sporting events, festivals, and markets. Having the ability the drive your business to where the crowds are means major cash in your pocket. Food trucks also have the added benefit that they can be rented for special events. So for a small town that might lack a proper catering service, being able to hire a food truck for your son’s bar mitzvah or daughter’s quinceanera is a perfect local option.
NextWave Advocacy, LLC contracts with news junkies that are politically aware, home-based individuals who are critical thinkers to make outbound calls to educate citizens and help them participate in contacting their elected officials. No sales or fundraising calls are involved. This is not a telemarketing opportunity. The pay is $12.00 per hour with a minimum commitment of 20 hours per week.
State: The California Department of Tax and Fee Administration website offers all the information you need to know about state business taxes and special permits and licenses. The Governer’s Office CalGold Permit Assistance Tool is also a great way to find out what taxes and licenses apply to your business.
If you have a talent for helping people look their best, and know how to mesmerize with eyeliners and turn heads with lipsticks, consider using your beauty skills to pursue this easily profitable side business idea. For under $2000, you can start your own make-up artist business which can make for the foundation of a potentially lucrative side business idea that turns a profit largely by referrals and word-of-mouth from your happy customers.
There is a huge upside potential rebuilding auto parts, like transmissions. However, I have friends who have gone into this business and it can take years to nail down your production process, develop your customer base and start to reap the big money.
While no formal experience or training is necessary, you’ll need to be a talented, creative writer with strong interviewing skills. An editing or journalism background and strong communication skills are helpful, as is a sound marketing strategy to reach potential customers.
Naturally, it helps if you already have an online audience you can tap for listening to your regular podcast (like I did), but that hasn’t stopped thousands of people from building successful side business ideas into lucrative podcasts—including Alex Blumberg, founder of Gimlet Media who teaches how to use storytelling and launch a podcast. You can also check out this class from podcaster and entrepreneur, Lewis Howes, about how to make money podcasting as a side business idea, which regularly broadcasts for free on CreativeLive.
Selling and installing key control systems for hotels and other commercial businesses has a lot going for it. You are selling the latest technology, there is a strong service component, and your target market is businesses that can afford to spend a lot of money for this valuable service. For example, with a key control system a company can limit the hours that some employees may access their facility and if they let go an employee they can just de-activate their card, rather than having to call a locksmith to redo every lock.
Where there are homes, there will be children and where there are children there will be tears over math and grammar. Though the internet abounds with online tutoring services, nothing can ever replace the benefits of having an in-person teacher. In addition to being a great business idea for small towns, tutoring can also be a profitable business for both yourself and those working for you. If you are looking to hire employees, we recommend starting with a few tutors that specialize in math, reading, writing, and science. Don’t attempt to hire tutors that brand themselves as a jack of all subjects, those individuals are few and far between and most likely would be too expensive for you to employ from the start. Instead, look for tutors that specialize in one subject and have previous tutoring or teaching experience.

Please Note: These business opportunities require a small investment up front, but give you all the tools and support that you’ll need to start your very own home-based business in the direct sales 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.
Come up with a pricing model. Start by checking out your competitors. Know how much are they selling a similar product for. Can you add something to it (add value) to make yours different and hence make it a more enticing price?
Ghostwriting pays pretty well, and if you’re talented at researching and creating great content within a certain subject domain, you can quickly build a roster of high-paying clientele with this business idea. Ghostwriters like Jeff Haden have created very lucrative careers for themselves by writing for business executives and CEO’s—and Jeff also started his ghostwriting career as a side business idea outside of his full-time job as a factory manager. Listen to his interview with me on The Side Hustle Project (podcast) right here.
I’m not as excited about the profit potential from podcasting as some other people are. It just seems to me that everyone is doing it and people generally expect podcasts to be free. But if you develop a strong enough following you can sell advertising or sponsorships for your podcast, then you can build a decent business.
Hello from Germany:) My boyfriend and I are considering moving to a small town and we both would like to start a small business (together). Researching some possible business ideas for multi-passionates I found this pearl of a website. Love, how all the informations are on point, refreshing to read and heart-filled. Thank you! Will definitely come back for more tips and advice:)
Gardening is really big. Many people like to do their own gardening but they can use a little bit of help! That’s where you come in! Maybe you specialize in flower gardens or vegetable gardens, or even something more exotic. You will need solid expertise, but you will find a clientele willing to pay for it.
Banks levy varying charges. For a business startup, these can amount to a substantial sum for a bank-dependent operation. Always confirm the requirements and charges beforehand. Do not choose a bank based on only the reputation.
Of course, you can try your hand at building homes and other large endeavors or you can specialize in smaller projects. Maybe driveways? Patios? Outside waterfalls? Closet renovations? There is no limit to what you can do, but to be highly successful or to build a scalable business I suggest you carefully find a highly profitable niche.
I’ve been around boats almost since I could walk so I forget that some people need to be educated in how to run a powerboat or captain a sailboat. Now taking a boat for a spin and introducing someone to the pleasures of boating…how fun!

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  1. Yes! One of the most unique and exciting benefits we offer is the Team Member and Family Travel Program, which provides reduced hotel room rates at many of our hotels for you and your family. Hilton Reservations & Customer Care Team Members also enjoy:
    Being a virtual assistant not only gives you the flexibility of working from home, but often you get to set your own hours. Virtual assistant work is frequently part time, so it could be a way to get some income coming in while you develop a plan for another business.

  2. Believe it or not, this freelance bike messenger makes more money than some people glued to their office desks. You won’t rake in a whopping $50,000 as this guy does by just doing this in your free time as a side business idea only, but you’ll surely get a piece of the action. Even Uber is trying out a blueprint for a delivery service, and companies like WunWun and Amazon are stepping up their efforts to expand same-day delivery, increasing the demand for more to jump in on this business idea. If you have a decent bicycle, those pair of pedals might just earn you a healthy side hustle income.
    There will also be some restrictions based on things like your location, business size/type and the amount of funding you’re seeking. Before diving into crowdfunding, microloans, social lending or any of the other options, make sure you fully understand their implications. We discuss all of these funding methods and more in our guide to financing a new business.
    Selling and installing key control systems for hotels and other commercial businesses has a lot going for it. You are selling the latest technology, there is a strong service component, and your target market is businesses that can afford to spend a lot of money for this valuable service. For example, with a key control system a company can limit the hours that some employees may access their facility and if they let go an employee they can just de-activate their card, rather than having to call a locksmith to redo every lock.
    #33 – Carenet – For a nurse looking to make some extra bucks from the comfort of your home, try Carenet. This is an online company that hires registered nurses for telephone triage. Carenet pays $25 for every hour.
    Have more than the minimum. You may determine it will take $50,000 to start your business, and that’s fine. You get your $50,000, buy your desks and printers and raw materials, and then then the second month arrives, and you’re still in production, and the rent is due, and your employees want to be paid, and all the bills hit at once. When this happens, your only likely recourse will be to pack it in. If you can, try to have the reserves for a year of no income.

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