starting a small business | how to own my own business

Yes, you can make a lot of money with a simple ice cream shop! Perfect your ice cream before you start, find a good busy location without a crazy rent and consider starting with a smaller footprint to minimize your overhead. I’ll have an ice cream sundae please—with everything on it!
Got a thing for numbers? Plenty of companies need to hire talented contractors who are good at data analysis, making this a potentially lucrative side business idea if you have the right credentials and experience. Platforms like Upwork and Digiserved are but a two of many websites that are great for freelancers with an analytical prowess, looking for extra work as a side business idea around their full-time jobs.
What is affiliate marketing? You provide links on your website or blog to an affiliate marketing service that sells a third-party product or company that sells their own product. The largest affiliate marketer is Amazon whose commissions are in the 4-4.5% range. Then there are the affiliate marketing services like Click Bank and ShareASale, which offer thousands of products, some of which have commissions as high as 70%. It sounds like an easy way to make money and some people have made a lot of money on it…but many more people have been disappointed by their results. It is very hard to get your website and blog visitors to buy things!
Selling and installing key control systems for hotels and other commercial businesses has a lot going for it. You are selling the latest technology, there is a strong service component, and your target market is businesses that can afford to spend a lot of money for this valuable service. For example, with a key control system a company can limit the hours that some employees may access their facility and if they let go an employee they can just de-activate their card, rather than having to call a locksmith to redo every lock.
Free work from home jobs are becoming more and more plentiful now a days. Around 40 million people are working at home in one way or another. Most of the free work at home jobs are based on using a computer. This is a result of the Internet being such an vital part of our lives. You may want to consider starting a home business because it can help you enter in the expanding market of e-commerce. Free Work At Home Jobs continued…
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.
Most of the peoples are doing the same business in traditional ways.. however now in current market trends we need to change the traditional marketing concepts instead of this need to join customers socially and virtually via webs and mobile apps.. so peoples can share there views, like dislikes and give your reference to other peoples.
There is a huge market and a big opportunity selling promotional material. Your best market will be mid to larger sized businesses, who are willing to spend some money to both promote their business to their customers or to use promotional items as incentives and rewards for their employees. Basically, you are reselling the product lines for other companies. I would suggest you have a good diversity of lines to increase your chances of getting your foot in the door, to increase your chances of holding your prospects’ attention and to increase your income. T-shirts, pens, hats, jackets: there are all kinds of promotional items you can sell.
Dog walking is the perfect side business for anyone who has a few hours to kill during the day. Once you get a few clients, you simply need to pick up their dogs and take them on long, leisurely walks that will tire them out and keep them in shape. Bonus: Walking dogs may help you in your quest to stay fit as well.
Is your business idea really unique? What value will it generate? Is it something your target audience really wants? Or is it something you think they’d want? Getting answers to these questions is important to determine whether or not your idea works.
If you can save up as much of the start-up capital yourself before you open your doors, you will help ensure that loans won’t sink your new business. Remember, also, that there’s an outside chance that a lender will call a loan or add unfavorable terms if your business isn’t as successful as you initially planned. If you provide as much of the start-up money as possible, it will lessen the odds of a nasty surprise like this hindering your business.
Yes, you can start your own clothing line with just a few items, be successful and have a lot of fun along the way! Look at Ralph Lauren who started by selling a couple neck ties and then built that into a multi-billion-dollar empire. Contract out the manufacturing which is the really hard part of the work. Then focus on developing eye-stopping designs and talking it up with potential re-sellers, or sell the items yourself online!
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.
Have you ever created a blog or website? If so, web development could be the business for you. Small businesses and entrepreneurs need to establish an online presence to reach customers, but many don’t have the time or patience to create a website.
Are you an extrovert that loves meeting new people? Selling insurance products—particularly life insurance—may be a great way to bring in some extra cash and build residual income in your spare time. Selling life insurance on the side could quickly generate a consistent $1,000 – $2,000 per month depending on how much time you invest in this side business idea. To get started you’ll likely want to take an online course to brush up on the subject matter, and then pass a state licensing exam. The biggest challenge you’ll face as a new agent is generating sales beyond just helping out friends and family. From there, it’s all about networking and lead generation to grow this one. Learn more about this side business idea with this getting started in life insurance guide from the team over at NoExam.
This is a great business and I can’t tell you how many times I have used pest control services for my residences as well as commercial locations. The rates vary hugely from one locale to the next, so carefully survey nearby markets to determine which market may be the best opportunity for you.
I would recommend that you hyper specialize if you are starting an e-commerce business. Why? Because many e-commerce websites have very deep pockets and patient investors and are willing to sell products for razor thin margins (i.e. Amazon) or even at a loss to build market share. That being said if you can show some solid revenue in this business, and especially if you have repeat customers, you will have a business that is worth a lot of money even before it is profitable.
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.
Needing to tweak the ideas. Perhaps the product needs to be a different color, texture or size. Maybe your services need to be broader, narrower or more detailed. This is the time to attend to anything that crops up during your testing and development phases. You’ll know innately when something needs tweaking to make it better or to make it less like a competitor’s stale offerings.
NerdWallet’s interactive small-business loans tool allows you to find financing that meets your individual goals. Enter the age of your business, your credit score, the amount of money you need and how you’ll use it. The list of lenders is based on factors including trustworthiness and user experience.
You need to start out with a good location and you need to do some marketing to get going. This business may also end up being more work than you envision. Something will often need repair, every guest will seem to have a special request, and there will frequently be some renovation or upgrade project you will want to work on. But if you like meeting and entertaining new people, and have lots of energy, this can be good solid business.

If you own a camera, starting a freelance portrait photography business could be a very natural way to turn your skills and passions into a profitable business idea. Start with doing free shoots for friends and family to build up a strong online portfolio, get familiar with your gear and the editing process, then you’ll be able to get paid for photographing professional head shots and celebratory family moments as your side business idea. Get started by checking out this men’s portrait photography class that regularly broadcasts for free on CreativeLive.
To get started in fence installation I would first offer fence repair services. I think a lot people like me first try to repair their aging fence a few times before totally replacing it. This is a good niche business.
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.
But even if you don’t need an EIN, get one anyway: It’s free, takes minutes, and you can keep your Social Security number private and reduce the chance of identity theft, because if you don’t have an EIN, your SSN identifies your business for tax purposes.
Some firms outsource their customer service operations and many of these companies accept home-based contractors. You can start by signing up on freelancing sites such as Upwork to test the waters with this business idea first. If you’re already a CSR specialist with management skills, then you can form and lead a virtual team online and engage clients as a bona fide customer service company or, provide customer service training to such teams as well as individuals.
As a TTEC@Home associate, you’ll use our technology to support and assist customers with a variety of customer service and technical needs. This could include helping customers over the phone, via chat, or on social media. Best of all, you can do it all while wearing your slippers or flip flops! (To get started, you’ll need internet access and a home phone. Bunny slippers are optional.)
Though not the cheapest of business ideas on this list, it’s one that can be extremely lucrative as well as appeal to the widest range of patrons in a small town. A successful bowling alley can become the center of a town’s social life. Besides the obvious bowling revenue stream, food and drink (especially alcoholic beverages), can also help you pull in the big bucks. Small town bowling alleys can also be rented out for additional income. Like all businesses, large and small, having a quality business plan for your bowling alley is incredibly important.
Shubhomita Bose is a Staff Writer for Small Business Trends. She covers key studies and surveys about the small business market, along with general small business news. She draws on 8 years of experience in copywriting, marketing and communications, having worked extensively on creating content for small and medium sized enterprises.
#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.
Who says you need technology in order to start? Some people even enter paralysis from just not starting just because there is not enough technology or the technology they currently have is not as updated.
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.
Audit Services Incorporated , also widely known as “ASI” , was founded in 1998 just outside Atlanta, Georgia. Since opening its doors, ASI has seen a dramatic increase in estimate review and desk review assignment volume by providing high quality serv…
Solid contracts are the foundation of any business transaction. Resolving contract disputes can be very time consuming and expensive.  Here are some steps you can take to try and avoid misunderstandings. Document business agreements in writing. Verb…
Employed techies planning to earn some extra side income can leverage their software and hardware skills by offering home-based computer repair services as a business idea that engages their passion. If this rings a bell, you can start with a modest one-man tech team before envisioning a scaled-up operation as massive as Geek Squad. Remember, you can provide home service locally as a starting point to this business idea, as well as offer remote support through online messaging and video calling services before making your way into a retail setting.
If you love to write, create a blog and turn it into a business. If your site gets a lot of traffic, you can earn money via direct advertising, or through affiliate marketing, where you’d promote someone else’s product or service and earn commissions based on sales.
Software drives businesses today. This is a fact not lost on individuals and companies attempting to earn a profit, make a name for themselves, or simply get things done. As a result, the job outlook for software developers will be much sunnier than prospects for many other occupations—creating massive opportunities for this business idea well into  the future. In fact, it won’t take you long to find a good-paying software development project as a side business idea on sites like Upwork, Guru.com, and Freelancer. LinkedIn also recently launched their brand new freelancing platform, ProFinder which has a dedicated section just for hiring talented software developers.
To avoid any confusion, I want to make it clear first that virtual assistant work is not always non-phone, but it can be. Virtual assistants tend to do a little bit of everything, just depending on their skills/expertise. So if you are good at various non-phone tasks (social media marketing/moderation, writing, graphic design, research etc.), then you may be able to do work for some of the companies below putting those non-phone skills to work. I also want to make clear that even when you do phone work as a virtual assistant, lots of times it can be arranged so you’re making the calls during times of day when it’s convenient for you.
Reservation Sales Team Members are paid a base pay of $9.00 per hour + incentives. Incentives are based on your ability to meet sales metrics and other performance goals, and can range in amount, up to $2.00 per hour through the iEarn incentive program.
Sure, there are national chains, but if you really focus on it, you can come up with a few sandwiches that are totally delicious! For this business, I would want a location that services office or industrial workers. That way you can get their business every single work day of the year! And forget a fancy buildout, I would focus instead on fancy sandwiches!
You can succeed with a specialty food store but it is tricky. You must be ruthless in your research, in both what the market can support, and which competitors currently have overlapping offerings. I would also look at what specialty food stores have succeeded in nearby markets.
The Oregon License Directory provides a single information source for Oregon licenses, certifications, permits and registrations. If, after searching the directory, you are unsure whether a license, certification, permit or registration is required for your business, contact the Small Business Advocate.
Investment: You can keep your startup costs lower by operating from your home and starting with part-time hours. Costs may include educational supplies such as toys and books, furniture such as cribs and mats, outdoor playground equipment, cleaning supplies and insurance.
There are a lot of building maintenance services that don’t require an electrician or a plumber and can be done by someone with basic handyman skills. You could provide that service for commercial, industrial or multi-family housing units. You could also have highly skilled people such as plumbers and electricians on call too.
Gardening is big and growing. And it is a business that is less likely to move totally online than many other businesses. You could start out with a supply center, expanding over time to add some plants to sell, and then, eventually vertically integrate with your own plant nursery. You could also expand into providing onsite services.