opening a business | step by step starting a small business

Virtual assistants can offer a variety of different online services to businesses and professionals, including email organization and communication, social media scheduling and bookkeeping. So you can start a virtual assistant business even if your experience in those areas comes from working for other companies.
This is a good solid service business. But it is competitive, you need to have fully qualified service providers, and you need to look into licensing. No matter how good a service you run, when you deal with the elderly especially there is always legal risk. You can mitigate the risk by incorporating, by getting insurance and by being sure your staff follows accepted medical protocols.
Shop around local banks to see what’s out there. Local banks and credit unions usually have fantastic customer support, so we’d recommend looking into some award-winning Colorado-based banks like Alpine and Bank of Colorado.
Skyword – Read Review – May be open worldwide. Some of their assignments pay very well, between $50 and $100. However it can take a long time for editors to review your work in order for you to get paid.
Even after you create your company’s name, do not omit these identifying letters on marketing materials, advertisements, or business transactions.[4] Doing so may lead to unintended consequences.[5] For example, if you leave “LLC” out of your name while doing business, a judge may find that you entered into a business deal as an individual, and not as an LLC.[6] If this happens, you may be found personally liable and may not receive the limited liability shield you anticipated.[7]
Like to grow vegetables? Focus in on one vegetable and sell the excess to grocery stores and at farmers’ markets. My father does this with tomatoes and earns some solid extra money during the summer months. You can do really well, though, if you can grow things inside during the winter – February fresh tomatoes can sell quite well.
Local: California issues general business licenses by city, so you’ll need to check in with your local Chamber of Commerce to find out the application process. They’ll also be able to let you know about any other local requirements you may be missing!
You require money to start your business, but how much do you really need? Without a clear idea you run the risk of coming up with an unrealistic valuation of your business, which will put off investors and get your loan application rejected.
I would only recommend trading a collectible that you really love! If you are dealing with your favorite collectible, the work will be more enjoyable, it will be easier to increase your expertise, and you will be much more likely to be successful. The online options today allow you to specialize much more deeply than in the past because you can reach a global market. So, within your favorite collectible space, find a particular niche or two and focus sharply on it.
Take Action: We know picking a spot can be tough if it doesn’t somehow happen naturally through your personal/professional networks. If you’d like to brush up on everything that goes into making this decision, refer to our friendly guide on How to Choose the Perfect Location.
Amazon mTurk – Read Review – Open worldwide, but you can’t get paid in cash unless you’re in the US — you have to opt for money in your Amazon account. Pay varies depending on the tasks you choose. Payments are made via bank transfer or you can get money to spend on Amazon instead.
Do one thing well. Don’t try to master SEO, social media, online advertising and email campaigning all at once. Make an educated decision about where to focus your efforts based on your knowledge of your target market, and stay there.
To estimate your start-up costs, begin by creating two lists — one of things you’ll treat as expenses, one for your assets. Don’t forget to consider items such as brochures, business cards and website development costs or any security deposits you need to make. Consider whether you need the help of a consultant, tax adviser or lawyer to get started. Next, categorize these items as essential or optional — do you really need to spend money on these before you start making any kind of income?
#50 – Snuggle Buddies – You can become a professional cuddle and make anywhere from $40-$80 per hour. All you have to do is cuddle someone or hold someone’s hands. Yes, that’s right, a professional cuddler.
If keeping your home organized comes naturally and you enjoy helping other people, consider becoming a professional organizer as a side business idea. As the need for baby boomers to start downsizing grows, you can use your organizing and decluttering skills to start making an industry standard $50-125 an hour with very little startup costs and some free expert advice from Jen Kilbourne. Believe it or not, pro organizers don’t just work with hoarders. More and more people are hiring professional organizers in order stop wasting time and money due to the stress of everyday disorganization. What’s even better, is that you can take this on as a side business idea during the nights and weekends when your clients will be at home.
Utilize the tools at your disposal. There are so many fantastic free resources out there to make marketing easier for small-business owners. You can find tools for monitoring your social media, crafting professional emails, calculating ROI and much, much more — all you have to do is seek them out. Marketing a business is a full-time job, but if you’re stuck doing it on your own for now, using services like these can make the task more manageable.
The holidays do bring cheer, but when winter comes, so does the snow. Thick, traffic-hindering piles of it. Snow can be fun for a while but somebody has to get rid of it for our lifestyles to continue onward. Make extra money with this side business idea from home by offering snow and ice removal services.
Pinch those pennies. Plan to keep purchases of office equipment and overheads to a minimum when starting up. You do not need amazing office premises, the latest in office chairs and pricey artwork on the walls. A broom cupboard in the best address can be sufficient if you can artfully steer clients to the local coffee shop for meetings every time (meet them in the foyer). Many a business start-up has failed by purchasing the expensive gizmos instead of focusing on the business itself.
If you don’t mind doing other people’s chores, then TaskRabbit may be the right side business idea for you. Earn a little side money doing odd jobs like walking your neighbor’s dog or mowing Mr. Smith’s lawn. Running errands not your style? Tell that to the top taskers on the portal who reportedly earn as much as $7000 a month, making this a full-time business idea for some.
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.
From the inside looking out, I want to see the world as clearly as possible. And so do a lot of homeowners and particularly office managers. Now that creates a demand for window cleaners to step into this business idea, especially if you can land a contract cleaning windows for an office building. If you want to try it out as a side business idea, here’s a step-by-step guide on how to start a window-washing business at home.
The first thought that comes to mind for mobile hair salon is that you save the overhead of having a storefront location. However, you are also offering a convenience for your customers. Assisted living facilities and senior citizens trying to minimize trips out of the home will especially appreciate mobile hair salon services.
On top of just the skill and experience components to being a successful online coach, this side business idea is all about building a community around the help you’re offering and fostering trust with members. Plus, your community members will learn from each other along the way. Creating the space for that community can be as simple as setting up a private Facebook group or choosing a community-building platform like Ning.com that has even more capabilities like using your own custom URL, having internal forums, customized designs, and more.
You would think that in this day and age of electronic communication that messengers were something of the past—but no messenger services are still vibrant. In larger cities bicycle courier services are popular and in smaller cities local messenger services rely exclusively on cars.
Shutterstock – Read Review – May be open worldwide. This popular stock photo company has occasional openings for remote image reviewers, where you determine which submitted photos should make it onto the Shutterstock website. Pay and other details are under wraps — workers are required to sign an NDA, so it’s hard to find many details online.
This seems like a fun and easy business and it can be very rewarding. However, it is very competitive and can be hard to break into. Interior design is also increasingly sophisticated, with software design simulation and specialized educational backgrounds becoming more common.
One of the easiest ways to screw up your business accounting and possibly run afoul of the IRS is to commingle personal and business funds (and transactions). Using a business account for all business transactions eliminates that possibility.
If you keep your money hidden in the attic or earning close to nothing in a savings account, you might want to consider putting it to better use through smarter investing as your side business idea. Sure, there are plenty dangers to look out for, but most personal finance experts will advise you to start learning about the stock market if you want to grow your wealth, and to avoid jumping too heavily into trends like Bitcoin and other cryptocurrencies without proper understanding.
There are so many possibilities like this. In fact, there is so much opportunity for making good money with little start up cost, that I think people need to get their mindset straight first and foremost. The opportunity is there, but if you’re feeling like a beggar, asking, “What can I make money at,” instead of a success asking, “What do I most want to do that brings me money?” you’ll miss your golden ticket. Come from a place of fullness, confidence, and enthusiasm with an intent to make money in a way that’s stimulating and fun to you, and then just add the business knowledge you need to make a success of it into the mix. If you apply yourself consistently, you’ll have the same successes you see others having.
Fancy Hands – Read Review – US only. Pay is per task and I’ve seen where some people claim they make anywhere from $2 to $10 an hour just depending on what tasks they choose. Pay is every other week on Tuesdays via Dwolla.
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.
Lots of businesses try to save money by hiring people as independent contractors rather than full-time employees. The IRS will impose large penalties on businesses that do not withhold and pay taxes for workers that it considers full-time employees rather than independent contractors. Here are some things the IRS will look at to determine whether a worker is an independent contractor or a full-time employee:
#42 – Buffer is a corporation offering web-based social media administration solutions. The company from time to time recruits web developers, engineers, product or customer support team. Each employ works remotely and can make up to $20 per hour.
Framing services are everywhere and often they are franchised operations with prime retail locations. But you don’t have to be. You could try this service online. Or you could try this service on a mobile basis, going to your customers’ homes. Or you could get that storefront.
From personal experience as a freelance content marketer, I can vouch for the profitability in this industry. I grew my side hustle into a $160,000/yr business before quitting my day job to pursue this business idea full-time; all you need is the right skills and experience to back it up. With startups, established brands, and even notable influencers needing to build credibility and grow their brands, professionals who can serve up compelling content enjoy a huge demand for their services. And, since brands will always need high quality content to bring in new customers, your skills will always remain an asset to invest in—especially since the nature of creating a content marketing strategy is an ever-evolving one. Start by tapping into your existing network with this business idea and begin tracking down local small business owners who could benefit from your marketing tactics, do a bang up job, ask for referrals and grow from there to the point where you’re doing blogger outreach and spreading out to a wider market.
You should have some decent equipment that makes your audience happy but that could mean different levels of investment for different audiences. Are you going to be playing for large event venues or for junior high school birthday parties? I know a fellow who started a successful mobile DJ business even before he was old enough to have a driver’s license. He would either have a friend give him and his equipment a ride to his gigs, or he would get a taxi.
Many small companies and startups now outsource jobs that aren’t part of their core business (such as HR, admin, and accounting), which makes this skill set a great opportunity for starting a side business idea that engages your number prowess. Because companies always need to track their cash flow, freelance accountants and bookkeepers can really benefit from the increasing demand for part-time help.
Protect your LLC by writing an operating agreement. Unless you are a solo member LLC, in which case you do not need an operating agreement, it may be wise to write one in order to protect your LLC. Although most states do not require you to register an operating agreement, you may want to consider doing so. In almost all cases, you can choose the operational rules for your LLC. However, if you do not have an operating agreement, the “default” rules in place in your state will govern in the event of a disagreement. [18] Your operating agreement can help you do the following:

Does the other person complement your weaknesses? Or do both of you bring only one set of the same skills to the table? If the latter, be wary as you can have too many people doing the same thing while other things are left unattended.
10. Move on to your next great idea. Licensing is a numbers game. You have to keep getting up to bat to land a home run. When a company rejects your submission, you must inquire why. You may be able to redesign your product to meet their needs. When you approach a company that rejected you with your second idea, you’re a professional. They’ll respect you for it.
Don’t be fooled into thinking it will be easy, though: Starting a business requires a lot of time, effort and hard work, and perhaps unsurprisingly, many would-be entrepreneurs end up failing. But if your company survives, the rewards of entrepreneurship are well worth the obstacles you’ll face on the road to success. 
Each of these ideas is very simple to start, and most can be done as a sole proprietorship at first (meaning you don’t have to file any legal documents to get started, though you will want to do that if it starts to take off). Most of these can be done at home in your spare time, and in your spare space, too.
Consider every detail you will need to start your small business, from insurance and product supplies to marketing and property costs. Total each item and add at least 10% to the total to accommodate for surprises.