To become an officially recognized business entity, you must register with the government. Corporations will need an “articles of incorporation” document, which includes your business name, business purpose, corporate structure, stock details and other information about your company. Otherwise, you will just need to register your business name, which can be your legal name, a fictitious “Doing Business As” name (if you are the sole proprietor), or the name you’ve come up with for your company. You may also want to take steps to trademark your business name for extra legal protection.
Figure out if you need additional insurance. Visit with your local insurance agent to determine if you are in need of any special insurance for your home based business. When you start a home based business, you immediately start exposing yourself, your family and your home to variety of risks and you want to make sure you are covered before it is too late.
I “accidentally” came across this great post. Several of my clients are actually doing business with many of the ideas listed here. My business is to help their business by providing a smorgasbord of services in ONE convenient, trustworthy location. Please visit Jen Williams International at JenWilliamsIntl.com. We’d be more than happy to help!
Driving for one of the two globally expanding app-centric taxi alternative services, Uber or Lyft can still be a fairly lucrative way to earn money as a side business idea on nights and weekends—working only when you want. But before you dive head first into this side business idea, do your homework and calculate the costs of extra gas, mileage, tires, wear & tear and usage on your vehicle—it’s not a guaranteed business idea that’ll turn a huge profit every weekend.
It’s not the sort of side business idea that’s covered in glory, but someone needs to make sure all the numbers add up at the end of the year. Every business and most individuals need someone with the domain expertise to help prepare tax returns, especially time or resource-strapped small business owners. Majo Jacinto in his Udemy course provides an in-depth foundational understanding of how to prepare tax returns (and stay current with ever-changing laws) that’ll certify you with tax prep skills in as little as a few hours of training and practice. Then once tax season rolls around you’ll be able to charge an average of $229 per return as a freelance tax preparer with this side business idea, according to CNBC.
Tradesy helps women turn closet clutter into cash, allowing users to sell items clogging their closets by handling the transaction from the time a photo of the product is uploaded to its delivery to the purchaser’s door. Tradesy brings white glove customer service to the fashion resale space.
You have a passion, and you’d like to make it your profession. No matter how enthusiastic you are about your small business, though, it won’t be successful unless you have a plan in place for how you’re going to start and run it.
Profit is, after all, the ultimate goal of any successful small business. You should examine your business’ expenses (rent, materials, employee compensation, etc.) and then figure out how much you will need to sell to cover those costs and start generating a profit. This is known as a break-even analysis.
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.
Do you see eye to eye on the big picture? Arguments about the details are a given, and are important for getting things right. But not seeing eye to eye on the big picture, the real purpose of your business, can cause a split that may be irreparable. Be sure your team cares about the and buys into the purpose as much as you do.
Shubhomita Bose is a Staff Writer for Small Business Trends. She covers key studies and surveys about the small business market, along with general small business news. She draws on 8 years of experience in copywriting, marketing and communications, having worked extensively on creating content for small and medium sized enterprises.
Crowdfunding platforms such as Kickstarter have changed the way entrepreneurs are raising money to fund their new businesses. Whether you want to sell a new software tool or set up an organic noodle bar, you can get people to invest in your business.
Box subscription services are popping up everywhere in the food, beauty and even pet product sectors, ready to deliver goods right to your door each month. One of the consumer perks is the idea that these subscription boxes are carefully curated just for them based on their likes and interests, and each month, the boxes’ contents are a surprise.
4. Use existing materials to create a rough prototype. At this early stage, you do not know whether your idea is marketable yet. So, it doesn’t make sense for you to spend much time and money on prototyping. You do not need a works-like looks-like prototype — far from it. Prototyping is useful, but yours is not a selling tool. I used to make my prototypes out of paper. These days, you can hire graphic artists online to create incredibly lifelike renderings.
Data entry clerks come from all different backgrounds including, data entry, telemarketing, customer service, sales, clerical, secretary, administrative assistant, warehouse, inventory, receptionist, call center, part-time, retail fields & more. Work F…
So, you have the entrepreneurial spirit but not a lot of tech know-how? Despite all of the high-tech startups that have popped up in recent years, there are still plenty of small business options out there that don’t require you to know the difference between CSS and QR codes. Below are low tech business ideas you can start this year.
Virtual Office Temps offers professional business services: clerical support, administration, creativity, management, sales support and personal services. Apply to be a home-based virtual assistant and make $10 – $35 per hour based on the project.
Since many of the products you can dropship are commodities and will be unbranded, your business will be competing with others through marketing and quality customer service. In other words, it often boils down to whether you can sell a product better than the competition.
Sometimes I’d do a little touchup work, such as a new wood trim or a coat of paint, occasionally I would contract out an engine repair, and always I would clean them the boats. Like any trading business, you need to find out what sells easily and at what price, and what you want to stay away from. Brand name outboards, specifically Boston Whalers, sold well for me. Sailboats, on the other hand, took forever to move.
Our talented Reservation Sales Specialists serve as the first point of contact for our hotel brands. This is a challenging, yet rewarding role, so we’re looking for Team Members with excellent communication skills, a persuasive sales ability, and a world-class customer service mentality.
One additional thing to keep in mind is to make sure that your coffee shop design appeals to both a mid-day and a post-work crowd. Nothing says small town charm like a simple, relaxed business layout. Opting for a design concept that is genuine and modest will suit most customers and provide that small town ambiance patrons crave.
Form a business entity. You’ll need to decide what type of business entity you want to be, for tax purposes and hopefully to eventually attract investors. You will do this after you’ve decided whether you will need money from others either in equity or loans and with the advice of your legal and accounting experts. It is one of the last steps taken before you actually spend money or ask someone for money. Most people are familiar with corporations, LLCs, etc., but for the vast majority of small business owners, you will need to form one of the following:
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