starting a business for dummies | what do i need to open my own business

You could find some space on a busy street, perhaps in a resort area, and equip it with arcade games. But I would try instead renting a cool collection of arcade games for parties. The overhead is less, you could start out with just a few games, and you know how much money you will be making before you go to work!
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.
As a translator, you would be converting one language into another language via either spoken word, written word, or audio. This is a work from home job many people are able to do from that can additionally be very, very flexible and of course non-phone.
With services-based businesses, “time” is your inventory and your biggest investment. You’ve only got a limited supply of hours in your day. However, that makes it easier to get up and running if you’ve got skills that are in demand.
This is a business you could start in a couple hours with literally zero investment. In the public library on the resort island of Nantucket, I watched a man create a flyer for his walking tour business on a free public access computer. Then he went outside and posted the newly created flyer on the public bulletin board. A few hours later he greeted his customers as they gathered on the advertised street corner, collected their money, and then took them on the walking tour. Not sure how to set up your walking tour? Get a history or even a self-walking tour guide at the public library.
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.
Yoga is getting ever more popular, which means yoga instructors are more in demand than ever—making this another physically rewarding side business idea. Link up with a local yoga studio to teach nightly classes or offer personalized yoga in-home at a higher rate to pursue this kind of emotional and physical balance with others, during your free time while helping your bank balance, too.
Convergys hires home-based call agents to provide customer service support. This company offers paid training, hourly wages, as well as benefits like, paid time off, 401k retirement plan, life insurance, medical, dental, and vision. Convergys only hires home-based agents in the US.

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. 
I like anything that is custom because it allows you to distinguish yourself with great customer service, and provides some upside for pricing. Offering this kind of service online means you can set your own hours and start the business part time.
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.
Hold a party and invite people who can spread the word for you. It doesn’t need to be pricey––purchase the food and drink from bulk discount stores and get family and friends to help with catering (you can give them a product or service in return).
If you have experience with marketing, SEO or a knack for getting people excited about the products and services you use on a regular basis, think about refining your skills and putting them to work as a small business marketing consultant in your region—especially if you can become a local SEO expert and can help local clients rank higher in their search results as your side business idea. Businesses of all sizes are in constant need of bringing in more customers, which is where you come in with your business idea. Start by pitching some of these small business marketing ideas by Brian Downard and you’ll be sure to impress the first set of clients you begin working with in your area.
Potential challenges: It’s a challenging business to operate. Obstacles include securing financing, choosing a location that will attract customers, picking out the right equipment and ingredients to brew beer, and obtaining the proper permits and licenses.
Obviously some of these small business ideas have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week. I also tried to focus on side business ideas that have some sort of online component to them, since that’s what I love most.
Secure start-up costs. Most businesses require capital to start. Money is typically required to purchase supplies and equipment, as well as keep the business operational for the period before your business becomes profitable. The first place to look for financing is yourself.[1].
We all wear clothes (at least some of the time). Which, of course, makes the business idea of cleaning soiled laundry an obvious hit. In fact, the self-service laundromat industry in the US is worth more than $3 billion, with many related businesses such as a mobile app laundry service, a real rolling mobile laundry service, and home laundry pickup & delivery services springing up each year. Here’s one way you can cash in on the trend as a side business idea.
It’s easier than ever to find a trend and turn it into a full-on entrepreneurial venture. Channel your passions and skills to leverage a professional opportunity in the new year. Here are 12 great business ideas for 2018.
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.
Consider the space required for your business. If you’re planning on doing any sort of manufacturing, product storage, or shipping, you will likely need more than a desk to work on. Think about how much space you have in your home for these activities. Will you be displacing other family members with your business activities? Consider your space requirements and your home’s ability to meet those requirements before moving forward.
#7 – Contract world is a recruitment company for businesses such as KFC, Pizza Hut, Shopping Network and more. The pay ranges from $11-$16 per hour with deposits made directly twice a month. Requirements include a dedicated phone line, high-speed internet connection, and a web camera.
A business plan helps you figure out where your company is going, how it will overcome any potential difficulties and what you need to sustain it. A full guide to writing your plan can be found here, and when you’re ready to put pen to paper, these free templates can help.
I learned what works in business. And I learned what doesn’t work. I learned what are good businesses and what are not. I have also learned that you don’t need lots of money or experience to start most businesses.
NextWave Advocacy, LLC contracts with news junkies that are politically aware, home-based individuals who are critical thinkers to make outbound calls to educate citizens and help them participate in contacting their elected officials. No sales or fundraising calls are involved. This is not a telemarketing opportunity. The pay is $12.00 per hour with a minimum commitment of 20 hours per week.
It should go without saying, but it’s important to pay what you owe — especially when dealing with the IRS. The IRS can impose harsh penalties and even come after a business owner’s personal assets if the owner doesn’t remit payroll taxes on time.
Obtain an required business licenses. License requirements will vary according to your state, or even according to the county where you plan to do business. Contact your county clerk’s office to determine if any licenses or permits are required for your type of business.
Fancy Hands hires remote-based workers to complete customer service requests like making phone calls on behalf of people, scheduling appointments, tracking down the best price, finding hotels, and data entry.
If that isn’t enough, you can expand your services to include pet grooming as an extra side business idea. To do that, you’ll need to have relevant training, an operating license depending on your location, and pet grooming equipment. According to PayScale, pet groomers have an average salary range of $17,600 to $48,500. Not bad as a side business  idea if you can find a way to get in most of your clients on the weekends.
Another flexible non-phone option in the educational field is test scoring. There are a few reputable companies that do hire home-based workers to score everything from standardized tests to essays. Before you apply, you should know that ETS and Pearson (listed below) do require that you have certain qualifications and/or past teaching experience before they’ll let you become a scorer. WriteScore on the other hand requires just a two-year college degree.
As long as you know multiple languages, you can build a business by offering translator services to individuals or businesses in need of assistance converting conversations or documents from one language to another.
Being practical is extremely important when you are toying with the idea of starting a business. You need a steady source of income before you can set up your business, so it’s advisable to hold onto your current job. By retaining your present job, you will be more secure when you need to take risks.
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.
It should go without saying that entrepreneurs wear many hats — but “attorney” shouldn’t be one of them. While you will have to get acquainted with the laws and regulations that will impact your business, sometimes it’s important to leave the details to the professionals. Give your business the best chance at success: contact a small business attorney in your area for help. 
Great list. I would also add private chef/cook. If you live near a metropolitan area with highly paid, but very busy professionals, there is a great need for people to prepare home-cooked meals for them.
Every company needs content for their website to attract search engine traffic and develop a bond with their customers and potential customers. Hence the market for creating web-friendly content has exploded with both large firms and independent content marketers helping to fill the need. Specializing in the needs of a particular industry can help jump-start your business, but many companies are willing to hire content marketers who are good researchers and can write well, even if they lack specific industry expertise.
Also be sure to create an “at-will” relationship with your employees. Employers can terminate at-will employees for any reason, which is essential if an employee isn’t working out. There are many ways to make it clear that the employment relationship is at-will, including in employee handbooks and through offer letters. Don’t make any promises to employees about the length or terms of their employment, as these could become binding on you later.
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.
So you want to be an entrepreneur. Maybe there’s something you’re really knowledgeable and passionate about, or perhaps you think you’ve found a way to fill a gap in the marketplace. Wherever your interests lie, it’s almost guaranteed that there’s a way to turn it into a business.
Userlytics hires people to provide feedback on websites, applications, prototypes, concepts and more. To apply, register for an account, and then wait for an invite to complete an assignment. Once you’ve completed your assignment, you’ll be paid $10 per task via PayPal.
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.
What price do you intend to sell your product or service for? How much will it cost you to produce? Work out a rough estimate for net profit—factoring in fixed costs like rent, energy, employees, etc.
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.

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