what business to start | establishing a small business

You would think that you get your electrical contractor license and the money would rain on you forever more! I have been shocked with the prices some electricians have tried to charge me. Then again, I called back a more reasonably priced electrician who had done some work for me a couple years ago and he told me he went out of business for lack of work. This goes to remind you that in any business there is always some risk.
Schools and Churches are getting tired of the same old fundraisers which only offer 40-50% profit. ABC Fundraising® offers unique fundraisers with up to 97% profit and distributors are earning thousands of dollars each month by simply promoting these fundraisers to the organizations who need them most. It’s why we’re getting so many great ABC Fundraising® Distributor Reviews – See Below.
Similar to selling on Amazon, eBay is a place to make money selling just about anything you can think of as a side business idea, with the added excitement of using the auction selling model to sometimes get way more than you expected for that antique baseball card you picked up at a local street fair. To turn your eBay selling into a legitimate business idea, look for opportunities where you can buy in-demand products at a discount—and later sell them for a profit.
Companies that provide employees with uniforms often also arrange for them to be cleaned and pressed every single day. You can specialize in certain types of uniforms and/or certain types of services. For example, you could rent uniforms to companies and handle all of their cleaning and pressing needs. You could lease or sell uniforms to companies and then either provide cleaning and pressing services or not.
Did you major in a subject like English, history, or math in college, or do exceptionally well on the SAT exam? Do you have patience with children? If so, you likely have what you need to tutor kids in particular subjects. Seek out parents or teachers and let them know that you tutor students in a certain subject, and offer materials for them to share, and phone calls will often trickle in. You can get going locally or expand across the country by offering to tutor online.
Know someone who rents out property to others? Perhaps they could use a hand managing their property. If so, you can make a decent amount of money on this side business idea with relatively little work on your part (most of the time). It’ll take some hustling and the willingness to be flexible with your schedule, as you’ll be responsible for collecting rent checks, managing repairs and improvements, and simply being on call for emergencies. But, a property manager is essential for most real estate investors that have a large enough portfolio, so there’s definitely merit to this business idea.
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.
I suppose I can say I did this business once too! Or more specifically my father paid me to deliver promotional flyers for his candidacy for town meeting member. The flyers worked and he won! The cool thing about leaflets is you can truly pinpoint marketing for your clients not just in a particular town, but to houses in a particular neighborhood, or on cars in a particular parking lot!
Writer, side project aficionado, and part-time entrepreneur. Join me here, on ryrob.com and learn how to start a business while working full-time. Let’s chat on Twitter about business and side projects.
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.
Do I need workers’ compensation insurance? Oregon requires almost all employers to carry workers’ compensation insurance on their employees. If you employ workers in Oregon you probably need coverage. The Small Business Ombudsman also provides information and assistance to small businesses regarding workers’ compensation insurance.
It doesn’t matter how long or detailed your plan is, as long as it covers a few essential points. Most successful small businesses will need to have a break-even analysis, a profit-loss forecast and a cash-flow analysis. A cash-flow analysis is especially important since you could be selling your products like hotcakes, but if you won’t be paid for six months, you could still run out of money and have to close your doors.
Create a business plan for your home based business. This is the blueprint for your business. It may also help you think of things that had not crossed your mind about your business and help you determine what kind of start up costs you are looking at. At minimum, a business plan should include the following:
LLCs are considered “pass-through” entities and do not ordinarily pay income tax directly. Nevertheless, some states require certain LLCs to report income for informational purposes. Ohio requires multi-member LLCs to report income and withhold income from members residing out of state.
A while ago, I argued the best company for me isn’t necessarily the best company for you. I still stand by that statement. But many of you have been pounding at my email door and practically twisting my arm asking me for my personal favorite legitimate work at home companies. I was apprehensive about revealing this information because I really want you guys to take action on any legitimate work at home opportunities. But after giving it some thought, it made sense for me to provide you with a few of the ones I do actively work with, to get your started. But keep in mind I still believe that you should make decisions based on what’s best for you. So with that said, check out my latest video on one of my favorite BBB listed work at home companies. I’ve been working with this company for years and have made some great money and also acquired a lot of free gadgets such as TVs, Ipods, and much more. (The gadget thing will become a lot clearer when you watch the video.) In either case this company has consistently made me money and has a good standing among work at home seekers that are smart enough to join the company and take advantage of all the ways to earn with them. Hopefully you’ll enjoy the video and will decide to join the company I’ve recommended.
For a full list of funding programs, head over to Choose Colorado. You’ll find a generous assortment of tax credits, jumpstart programs and credit reserves, along with the necessary information to determine which ones are right for your business.
#29 – 10UP is a web development company that gives employees the chance to work remotely. There are seasonal openings for web designers, developers, and engineers. Employees get roughly $20 per hour pay equivalent to 85k monthly salary.
Fascinated by interior design? Have a huge collection of interior design materials around? Many people are quite happy to hire someone to help them decorate their home, and that’s especially true of those who want a magazine-caliber style yet don’t have an eye for design at all.
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.
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.
Now, before you go telling us that combining after school 12-year-olds and college 21-year-olds is a terrible idea, hear us out. We’re not suggesting a full on bar, simply a coffee shop that after 4 pm also serves wine and beer. The concept behind being a coffee shop that serves alcohol is that in the post-noon hours, coffee consumption begins to taper off significantly. If you’re looking to stay open later and need the cash, filling an additional need in your small community is the perfect business idea. Now you not only have a place for business meetings and freelancers, but also happy hours and first dates.
If you speak like James Earl Jones or Scarlett Johansson, quite a number of digital publishers (including game developers, animated film-makers, and training video producers) pay good money for voice talent and the time investment isn’t too intensive—making this a great side business idea. You can find these publishers looking for voice-over artists on sites like PeoplePerHour, Freelancer and Upwork, as well as their calls for talent directly on their websites or through voiceover agents. If you do pursue this as a side business idea, be prepared to invest for the long-haul as it can be a very competitive industry.
#16 – SpectraMedi is an online company that offers multiple part-time and full-time positions for Medical Billers and Transcriptionists. Since the position requires certification, the salary is much more than $16 per hour.
To build the best business, kick things off by building a game plan that hones in on your pitch, irons out a structured executive summary, creates initial budgeting forecasts, addresses ideal markets, and so forth.

Connect and Sell – Read Review – This job involves connecting calls, so you’re not actually having to talk to anyone. Pay is around $9 hourly. They may pay weekly via Paypal. Job is also very rarely open, but when it is, it’s listed under “Phone Administrative Support.”
Now that you have your idea in place, you need to ask yourself a few important questions: What is the purpose of your business? Who are you selling to? What are your end goals? How will you finance your startup costs? All of these questions can be answered in a well-written business plan.
Hack the Hood is a non-profit that introduces low-income youth of color to careers in tech by hiring and training them to build websites for small businesses in their own communities. Participants learn coding, design, and 21st century workplace skills, while gaining valuable leadership and entrepreneurship experience.
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]

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