steps to start a small business | how can i start a small business

Time Etc. hires part-time virtual assistants. If you have experience as a personal assistant, executive assistant, secretary, or admin assistant and can work for at least three hours per week – Time Etc. wants you. Pay ranges from $11 to $16 per hour, depending on your experience.
If your area of expertise is public relations or you want to try and make money writing from home, there are opportunities out there that could be right for you. Learn about virtual PR firms as well as how to earn income as a blogger, writer, or editor.
Come up with a pricing model. Start by checking out your competitors. Know how much are they selling a similar product for. Can you add something to it (add value) to make yours different and hence make it a more enticing price?
While the barriers to entry for a retail shop can be very high, one way to keep costs down and limit your time investment while you keep your full-time job, is to set up a weekend popup shop as a side business idea. More of whatever it is you’re selling—donuts, clothing, antique baseball cards, or anything else—will stay in your pockets instead of going to pay for operating expenses such as rent or utilities by choosing to pursue retail as a side business idea with a short-term rental. This guide from Shopify will give you a step-by-step process for getting your popup shop off the ground.
You could run this as a seasonal camp during the summer. But I find it’s tougher to make lots of money at seasonal businesses, so instead I would first consider offering a creative arts day camp after school or on weekends. I suggest doing surveys to find out what age groups of kids and what specific art activities have the most appeal.
You should check with a professional to be sure, but I’ve read that you can file for an LLC in any state (regardless of where you live). Therefore, it would be excessive to file in more than one state.
A lot of people don’t know how or don’t want to go through the trouble of recycling large items like computers. So you could offer the service of picking up those items for a fee and taking them to the proper recycling outlets.
Thanks to technology, there are more opportunities than ever to buy and resell products for extra money. Plenty of people buy local and in-demand products at a discount and resell them on eBay for profit.
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.
Before you hit the ground running with your Colorado business, you need to have a business plan prepared. A well-crafted business plan is crucial for securing funding and tracking the progress of your business.
You having a great idea and you want to translate it into opening a business. There is one big caveat, you are short on cash. And for most aspiring entrepreneurs, getting hold of the much-needed capital is usually the biggest challenge.
Figure out if you can make this business profitable. How much will people pay for your services? Can you make a good income off this? Many people see astronomical numbers in their future until they take the time to determine their profits. Be sure to consider how much time you can reasonably commit to your business and how much profit you can get back for your time and investment money. In some cases, a great business idea in theory can in reality be unprofitable.
If you enjoy being outside and cleaning, a window washing business might be the right fit for you. You just need some cleaning supplies and outdoor equipment if you plan to work on multi-story buildings.
Carpets make your home warm and cozy. But they also tend to gather dust, grime, stains, allergens and bugs over time. You can tap into this opportunity by launching a carpet cleaning side business idea or serving as an independent contract cleaner in your free time. Either way, you’ll need to invest in proper equipment such as vacuum cleaners, carpet brushes, and cleaning chemicals in order to launch this business idea. Look into the possibility of renting equipment for a full weekend and lining up 5-10 clients to service, to offset your rental costs. If you turn a healthy profit, you’ll eventually be able to invest in owning your own equipment and increase your margins, thus going from side hustle to serious business.
Before you can register your company, you need to decide what kind of entity it is. Your business structure legally affects everything from how you file your taxes to your personal liability if something goes wrong.
A real estate appraisal business can be operated from home, on a part-time basis, making for a fun side business idea if you have the credentials to back it up. A perfect option if you want to keep your day job while earning a little extra on the side. You won’t need a college degree to start in on this business idea, but you’ll need bankable appraiser credentials (including relevant training and professional licenses), strong knowledge of the sector, and a growing network of industry players including mortgage brokers, real estate agents, banks, and fellow appraisers that’ll want to utilize your services.
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.
Who will lead, and who will follow? Define your organization, from the receptionist up to the CEO, and what part each plays in both function and financials. Knowing your organizational structure will better help you plan your operating costs, and fine-tune how much capital you will need to function effectively.
Sammi Caramela is a recent graduate of Rowan University, where she majored in writing arts and minored in journalism. She currently works as a Purch B2B staff writer while working on her first novel in her free time. Reach her by email, or check out her blog at sammisays.org.
Set up a dedicated phone line and internet service. Almost all businesses will require contact with customers over the phone. In order to ensure that your line will be free when customers call, you’ll have to get a dedicated phone line for business use. You should also sign up for voicemail rather than using an answering machine. This sounds more professional to customers.[7] You should also add an internet connection that is fast enough for your business purposes while still remaining affordable.
If you do the gardening or greenhouse ideas, you could also branch out to farmers’ markets where you could sell the produce from your gardening efforts as well. People love supporting local growers and the quality of product at a farmers’ market is much higher than supermarket fare.
If you ever considered starting a business, and you just don’t know where to start, you can find all you need to know from the Michigan Business One Stop website. This is a website allows you to register your business and obtain all of the necessary permits and tax licenses to be a legal business entity in Michigan.
Motivational speakers can earn a lot of money for even a short presentation. But you need to be awesome! And you need to market yourself. I’ve hired motivational speakers for large group business retreats, and I can tell you that once you start giving stand-out presentations that word of mouth travels quickly!
This section includes legitimate word of mouth marketing and paid online survey sites, explains what mystery shopping is all about, lists great websites to swap items or services and tells you how to channel your inner Judge Judy.
It’s not exactly a way to make consistent great money, but housesitting—exactly what it sounds like—is a fantastically easy business idea that can fund your ability to live in exciting locales around the world (or your city) without paying a dime in rent. Did I mention it’s a way to travel and live rent free? Here’s a list of four great websites from the legendary Nomadic Matt, to start your housesitting side business idea search.
As adults, we certainly know how different we feel the morning after a restful night of sleep: basically like superheroes. Our children need the right amount of sleep for their bodies too, but the signs that they’re not getting the quality sleep they need can be very different than adults….
Believe it or not, some people have such a difficult time with dating, that they don’t even want to participate in the online (or app-based) component of it. If you’re a smooth talker, why not leverage that skill into becoming a paid match maker as a side business idea? People are paying.
When you get an account with a School, Church or Youth Group etc., that account is yours to keep! You can make money year after year with just 1 account. The amount of money you earn as a distributor will be based on the amount of time and effort you put in as well as your natural ability as a sales person. ABC Fundraising® makes no guarantees as to how much money you will earn.
For many people, working from home on the side or full time can be an attractive option, whether they’re trying to make a few extra bucks or start a new career. However, starting a home based business, like starting any other business, requires a large amount of planning and personal commitment. You’ll have to plan out your strategy, work out all the little details, and then put in the work to make it happen. Luckily, by using your home as your business space, you avoid some of the costs and hassles associated with classic businesses, like renting commercial space and meeting certain permit requirements.
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.
I also recommend FlexJobs for finding more. You can regularly search legitimate work at home jobs for data entry and other industries. FlexJobs guarantees all their job leads to be scam-free, and it’s the only membership-based jobs site I currently use and trust. Their listings are updated 5-6 times per week, and there is no shortage of listings. You can currently get 30% off a subscription using promo code AFFILPROMO.
As you embark on your new side business or “side hustle,” remember that you are only limited by your own imagination and skillset. Don’t be afraid to be creative, and don’t let anyone tell you that you can’t succeed.
While you might first think of parties for kids, parties for adults is a rapidly growing field. To break into this field, I would start by offering some really attractive package deals. Then I might try to upsell additional services once the parting host became more comfortable working with me, or at least on repeat engagements.
One of the challenges of running a home bakery will be finding customers. That basically means going out and selling your products to stores, restaurants, cafeterias, caterers or anyone else. You want to find customers that you can service on an on-going basis and that you won’t have to travel too far to reach. You may want to canvas potential resellers even before you decide what products you plan to be baking.

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.
Come up with an executive summary. The first part of a business plan is the executive summary. Once you’ve developed the other parts, describe the overall business concept, how it will be monetized, how much funding you will need, where it stands currently, including its legal standing, people involved and a brief history, and anything else that makes your business look like a winning proposition.
Successfully starting a small business requires answering as many questions as possible before you open your doors rather than tackling problems after you’ve already launched. Researching the marketplace, writing a business plan and securing adequate capital are the basic steps to take when you start any small business.
If you know how to play an instrument well (particularly the piano or the guitar) and have patience, you’ve got what you need to teach others how to play. Offer lessons in that instrument to others – this can also be an excellent service to barter with, too.
I have seen people do very well building and renting residences for the elderly. This is a highly-regulated field and you do need to manage it carefully. Staff turnover can be sky high and “one-time” issues with residents and their families may seem endless, but there is a lot of upside here.
If you have the right touch, this business can be a goldmine, and very personally rewarding. One of my business school classmates changed into this career later in life and did very well, specializing in putting together highly talented teams for well financed startups, and early stage ventures. The typical head hunter makes endless cold calls–but at the higher end firms networking is much more important.
You can start as a personal trainer at a local gym. Then try going out on your own. Being known for a particular expertise can help. Then someday you can open your own gym. Maybe even franchise it and go global!