starting a business for dummies | i want to have my own business

Websites aren’t too dissimilar to stocks. Many are junk, but some can generate value for you, making it a strong potential business idea if you have an eye for spotting the diamond in the rough That’s why, like stocks, they are bought and sold all the time. You can buy and sell websites as a side business  idea in the hope of generating future earnings based on their user traffic, current revenue intake, domain name, or some other factors that might be a hidden cash cow everyone else has overlooked. Interested? Check out marketplaces like Flippa and Flipping Enterprises to learn more.
There are aspects of your business that you can always salvage if you try a different product or approach. The brand you invest time into creating and the followers you amass on social media or in your email list can be assets you repurpose for your next business idea.
Ensure that your chosen name is available. In order to register your LLC with the name you’ve chosen, you must search to make sure that the name is available in the state where you plan to file your LLC. To check name availability, you must look through the secretary of state’s database of registered names.
Resource Recommendation: If you could use some help with this step, a business license service is a great solution. They’ll determine everything required of your business on a federal, state and local level, get the forms for you and even provide filing instructions.
LLC: LLCs are the most popular business structure because they offer the protection of a corporation without the double taxation or extra paperwork. California allows SMLLCs (single-member LLCs), so you can form one even if you’re the only member of your company. Read our guide to more about how to form an LLC in California.
The idea of this business is that you can personalize just about anything your customers may want. T-shirts, hats, mugs, pens…you name it. Initially you may want to outsource all of the work, but if your business takes off you may want to bring some of the personalization processes in–house to further boost your profit margins.
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.
If you have that drive and experience, however, being a restaurateur can be a successful endeavor and a great business for a small town. Just be aware that as glamorous as it might seem from the outside, one-quarter of all restaurants will fail within the first year. We don’t say this to discourage you; it’s just good to know what you’re up against. Doing your market research prior to opening, and investing in technology such as a restaurant POS system, can help you ensure your business stays open and on top.
Initial Outfitters – Whether you are looking for extra income, more time with the girls, or you want to make a difference in the lives of others, Initial Outfitters can be just that & more for you. You set your own hours to achieve your own income goals and dreams, so you never have to miss the big {or little} moments in your life! Our boutique-style line of personalized jewelry and gifts appeals to women of all styles and ages, and is sold exclusively by our Independent Outfitters … women just like you! Through our partnership with Charlie’s Lunch Ministries, we now annually fund 19 Charlie’s Lunchrooms around the world, feeding over 1,300 children physically and spiritually. Join us for as little as $99 and Make a Living that Makes a Difference! For more information, contact us: InitalOutfitters.com or via email info@initialoutfitters.com.
In the past, I’ve discussed how it’s a good idea to spend your spare time dabbling in entrepreneurship: It fills your time with something that you choose (and thus you enjoy) and sets up a potential long-term revenue stream. I also discussed how I got a side business going myself.
Everyone wants videos for their website, and corporations and non-profits are willing to pay good money for high quality service. This is a local business because you need to be onsite with your camera.
T-shirts can be a viable path toward creating an automated side business idea that makes money for you while you sleep. Even Bloomberg and Forbes feature stories from entrepreneurs who’ve done just that. Want to learn how to make this side business idea come to life? You can find TeeSpring selling walkthroughs here, here and here.
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.
Our Online Educational Consulting Company with multiple locations across the U.S. has a seventeen year history of success. Be a part of a growing and dynamic company. We are looking for a full-time and a part-time online Grading Assistant who pays attentio…
Potential challenges: You’re responsible for the safety and well-being of people, so getting the proper insurance and setting up the right legal structure is a must. It can be a stressful business to run, with long hours and frequent travel required.
If you can make anything from clothing to candles, you can work on creating those items in your home or workshop and then travel to different craft fairs in your community or around the world to sell them.
Is the URL available? Check to see if the name of your LLC is available so that you can reserve your domain name. Even if you don’t plan to make a website today, you may want to buy the domain name in order to prevent others from acquiring it.
You can make a room in your house into a photography studio, but you’ve got to get out to promote your services or do some clever marketing. Doing photography for groups (typically at their location) is one way to get going. Another is to develop a specialty (such as children’s portraits).
We’ve all heard countless pieces of advice on how to make a good impression during a job interview. It is certainly important to show up on time, freshly groomed, appropriately dressed, and ready to impress. Equally important is smiling, not interrupting, providing thoughtful answers, and maintaining good eye contact. In addition, we must not forget critical elements for success like researching the company, giving a firm handshake, keeping mobile devices stored away and of course, following up with a time-honored staple, the thank you note.

Want to be sure if your business idea is indeed unique? Run a test and find out. A pilot will give you the confidence you need to take your idea to the next level and mitigate risk. You can start on a small scale by giving away some freebies to a few people in your target audience group to see how they respond.
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!
These companies will do the rest of the digging for you (federal, state and local) and send you all the necessary applications in a tidy bundle, along with helpful instructions on how to fill them out.
This article is Part 2 of a 2-part series focusing on selling a business. While sales of businesses are strong, it is estimated that well over a majority of the businesses listed for sale do not close! The first step is to understand how much time an…
Kaeser & Blair – Promotional Products Business Ownership Program is the perfect business opportunity for today’s stay-at-home mom. With a minimal start-up cost, K&B makes it easier than ever to work at your own pace, create your own schedule and capitalize on an industry that does over $21 billion of sales each year. As a K&B business owner, you are your own boss and in complete control of both your hours and earnings. You have the ability to work as much—or as little—as you choose, and reap the benefits. Part-time business owners earn up to $20,000 annually, and full-time business owners make as much as $185,000. The possibilities truly are endless. Learn more about the risk-free opportunity with Kaeser & Blair here. here.
This is a great part-time business because you decide when you want to work. And except for work requiring licenses, you can decide how much work you want to contract out and how much you want to do yourself.
If you will sell products, you need a seller’s permit. Your state department of taxation’s website has complete details, forms, etc., if you decide to apply online, but most localities have forms you can complete while you’re at their administrative offices.
Getting started in the sport fishing charter business may not be as expensive and difficult as you think. Unless you are going into particularly rough waters you don’t need to start with a large cabin boat. Furthermore, you can finance much of your purchase. And if your fishing skills are a little weak, hire a boat hand with some strong local fishing knowledge. In the right location, you can charge some serious money in this business.
What a great excuse to travel and get paid for it! Yes, there are some really cool craft items you can find around the world for really low prices. It could take a little bit of patience to get going, and specialization helps. But this is a very doable business. One of my friends built up a successful import/export business while still in college.
Obtain a Sales Tax License. Some sales are not taxed; some sales are taxed. Regardless if you make taxable or nontaxable sales, it is best to have a sales tax license. It legitimizes your business. Also, this license allows you to make purchases for resale without paying sales tax to the vendor. Get your sales tax license from the Michigan Department of Treasury.
Now that you’ve got the financial foundation laid, it’s time to start building on it. There are tons of funding opportunities out there — especially in California — but not every approach is right for every business. When choosing a primary funding method, consider:
Making amazing homemade soaps and other spa products isn’t as hard as you might think – it just takes time and patience. Again, people value handmade items like these, which can easily be sold through local gift shops and websites like Etsy.
If you want to maintain full control over your business, seeking an angel investor may not be the right route, since oftentimes they’ll want partial control of the company. If you don’t have any high-value assets you can part with, selling assets to fund your business wouldn’t be the right fit for you.
For most people, successful investing will involve selecting mutual funds or ETFs, not individual stocks or bonds. That means to become a financial planner you don’t need to be a Wall Street wizard. You will need to understand the basics of investing (such as the importance of being diversified and understanding and respecting your client’s risk profile!) but this is very learnable. Study hard for this profession and you can do a tremendous service for people by helping them protect and growth their hard-earned money.
Build your product or develop your service. Once you have the business all planned, financed, and have your basic level of staffing, get going. Whether that’s sitting down with the engineers and getting the software coded and tested, or getting materials sourced and shipped to your fabrication room (aka “garage”), or purchasing in bulk and marking up the price, the building process is the time during which you prepare for market. During this time, you may discover things such as:
Be different. Don’t design your logo to look just like that of your leading competitor. This is a great opportunity to set yourself apart. How are people supposed to get excited about your business if they can’t tell you apart from the competition?
Check with your Secretary of State or Department of State official website. In Oklahoma the name of the company shall contain either the words “limited liability company” or “limited company”, or the abbreviations LLC, LC, L.L.C., or L.C. The word “limited” may be abbreviated as Ltd., and the cord company may be abbreviated as Co. (OK Title 18, Section 2008).
Luckily, there are tons of ways to start businesses and make money with a side hustle while still leading a well-rounded, meaningful life. If you play your cards right, you’ll be able to quit your day job and grow your side business idea into an empowering self-employed career.
#20 – InstaEdu is an online company hiring work at home tutors to teach online students different school topics. Payment is usually $20 per hour made using PayPal. Teaching sessions take place through Skype, text message, video chats or even whiteboards.
For example, if you are streaming video as part of your business, you are justified in buying faster internet. However, if you are mainly using the internet for browsing and email, there is no reason for you to get a higher speed internet package.
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.
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.
Wouldn’t it be fun to make a gift-basket overflowing with a bunch of carefully selected and really attractive items? Of course, it would! You could have a lot of satisfaction putting together distinctive gift baskets that will delight your customers and bring in sales!

Leave a comment

Your email address will not be published. Required fields are marked *