starting your own small business | what do u need to start a business

If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? Take my friend, Mark Jackson’s lead with what he’s doing to build a travel consulting side business idea. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals and eventually you could spin this business idea into a full-time consultancy teaching people how to make your dream trip a reality.
Selling a business is a complex and emotionally taxing process involving many hours of data gathering, meetings, information exchange, financial questions, legal questions and intense negotiations.   Every day, small business owners make mistakes w…
Purchasing and installing a stair lift is a major decision for a mobility impaired customer. Offering excellent service including carefully presenting the best alternatives and being quickly available for follow-up service can help make your stair lift business stand out from the competition and build positive word of mouth.
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.
Maybe you’re looking to supplement your full-time income with a side business. Or perhaps you’re finished with the 9-to-5 and ready to be your own boss. In either case, coming up with a killer small-business idea is the first step on the path to entrepreneurship.
Thanks to a combination of technology and third party suppliers, it’s easier than ever to build a business and start making sales without getting caught up in sourcing products and managing inventory.
I believe that every business, even a lemonade stand, should have a business plan. But many people either hesitate to create a plan or don’t know how to do it. That’s where you come in. But remember your big value added is to help your clients learn how to develop a framework for making critical strategic decisions for their business, not just to create a nice-looking document.
Investment: Startup costs will depend on the type of services you provide. The upfront costs should be lower if the business is nonmedical and assists seniors with basic daily tasks, although training and licensing may still be required.
Learn how to start your own website and make money through online advertising, find out how to turn your “trash into cash” on eBay, and how you can become a home based entrepreneur by providing a service or creating a product line.
Read through our comparison guide to learn more about each business structure. Make sure you fully understand the taxes, management, and level of liability tied up with your chosen structure before registering it with the state.
If you’re adept at woodworking and have some basic equipment, it’s easy to get into business making deck furniture. It only requires a few items – a saw, a drill, a sander – and some creativity and passion for working with wood. If you have the tools or just want to turn your hobby into a business, this may be a great small business idea for you. In addition to creating new items, you could also focus on repairing existing wooden furniture or woodwork.
The member-managed LLC, where all the owners participate in running the business.[9] This is the most commonly utilized structure, in large part because most LLCs are small businesses without a need for separate management.[10]
Ultimately our goal is to help you work from home and avoid being scammed! Hopefully you’ll be able to achieve this with the job leads, articles, videos & scam avoidance information provided on this site. Good luck on your search!
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.
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.
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.
If you’ve developed valuable skill sets or certifications within your industry over the years, consider putting your skills to use in your free time by offering your consulting services to local business owners as a potentially lucrative side business idea. Whether you’re an expert marketer, business strategist, or manufacturing aficionado, there’s likely a local business owner who’s willing to pay you to help them solve an issue with their company—if you can craft an effective cold email that convinces them to hire you. Start with this 18-step checklist to becoming a local business consultant as a side business idea, from Karyn Greenstreet. When you’re ready to get serious about becoming a consultant, check out all of my picks for the best online business courses to keep building your skills and learning how to land your first consulting clients. Personally, I think this is one of the best business ideas you can get started with today.
Build a trusting customer base. By adjusting to your customers’ needs and consistently providing good services or products, you get the best form of free advertising: word of mouth recommendations. Your customers will recommend you to their friends if they are truly satisfied with your work, and your business will grow accordingly. You’ll have get some customers coming back for repeat service and build up a consistent revenue pipeline.
But that was 2007, and quite a bit has changed since then. Where a side business was once a novel idea, it has since become much more mainstream. According to the Bureau of Labor Statistics, freelancers now make up around 15% of the workforce, compared to only 7% in 1995. And the trend isn’t expected to stop here. The BLS reports that freelancers and self-employed individuals may comprise 20% of the workforce by 2020.
Get your personal credit in the best shape possible. Start by visiting AnnualCreditReport.com to get free copies of your three personal credit reports. If you apply for a business loan or credit card, lenders will evaluate your personal credit. Follow the steps required by Experian, Equifax or TransUnion, outlined on their websites, to challenge any incorrect information on your credit reports.
Cass Information Systems – Data verification and data entry work. This position is location-based. If the position is open, you’ll see it under “Data Verification Clerk.” Training onsite is required before you can do the job from home.
Like birthdays, marriages happen all the time. Which means you can treat weddings as a recurring fountain of business opportunities: wedding dresses and coats, jewelers, food caterers, venue providers, photographers and videographers, performers, flower shops, travel agencies, souvenir crafts, and a host of other ventures. Now imagine if you can form a network of these service providers so you can offer engaged couples a range of hassle-free wedding packages as a turnkey business idea. The process is certainly fun (and time-consuming), but as a side business idea, the pay can be pretty great.
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. 
Consider your talents, experience, and knowledge when selecting a concept. If you have a particular skill set or talent, consider how these resources can be applied to meeting some sort of market demand. Combining skill and knowledge with a market demand increases your odds of having a successful business idea.
If you’re the type of person who can get the attention of a room easily, public speaking might be for you. Take advantage of every public speaking opportunity you can and you’ll be surprised at the opportunities that make themselves available for you.
#3 – Arise is a renowned company that contracts work at home customer service agents in the U.S. Their pay depends on the kind of client you are assigned to work with, but usually, ranges from $10-$20 per hour. The great thing about this job is flexibility. You can work as much as you want.
#4 – American Express (Read review) only hires work at home customer service agents from selected U.S. States. You must be ready to work a minimum of 40 hours every work. The beginners pay is $16 per hour but as you progress you stand to earn $28 per hour.
Valentine’s day. Birthdays. Weddings. The list goes on and on—throughout the course of a year, there are dozens of occasions when people need to order flowers. What’s more is that once you’re up to speed with this business idea, your costs can stay relatively low if you know where to source your flowers, and typical margins are in the neighborhood of 300% (or more) on cut flowers which makes this a particularly profitable side business idea in the right geographic area. Check out this amazing interview with floral designer, Sara Tedford of Ladybird Poppy to hear about how her floral design company started out as a side business idea of doing weddings and events for her friends and family.
Launching a business website is another huge step for your brand, and we think the best way to go about it is by using a website builder. Working on an existing platform like Wix or StudioPress is a much easier and cheaper way to create a professional-looking website than hiring an expert to build one from scratch.
Depending on the type of business you’re in, your business structure, whether you’re hiring local Illinoisans, and where you set up shop, syncing with the tax code can happen as easily as hockey melded with Chicago.
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.

I’m not getting up on that high ladder anymore! That’s why I spend $200 to have a service clean my gutters twice a year. Considering that even one person can clean several houses a day, you can see that it’s very good money potential. Try really hard to geographically concentrate your gutter cleaning each day. This could be a great weekend business.
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.