what business to start | opening up a small business

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A lot of car owners simply don’t have time to personally care for their vehicles, much less make them sparkle. With simple equipment such as car shampoo, polishing wax, tire black, sponges, a pail and a sturdy hose, you can start earning a decent side income by making cars look fresh in your free time after work and on weekends. Not bad for an easy business idea that’ll keep you outdoors and moving your body on the weekends.
Take the time to develop your skills at either making your own music, or becoming a pro at mixing, and your side business idea of dj-ing local events could turn into a much bigger endeavor. Though you’ll first need to command a solid knowledge of sound design, mixing and music production before expecting to land your first gig with this business idea, as developing an entirely new skill set is not for the faint of heart.
EatWith is a great way to test the waters as a chef for your side business idea, and if you have enough rave reviews you might be able to turn your knife skills into a full-time endeavor where you’re leveraging your network to book catering events. This side business idea is built heavily upon getting happy referrals, so be sure to over-deliver for your first customers, and ask if they know anyone else who could be in need of your catering services.
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Shop around local banks to see what’s out there. Local banks and credit unions usually have fantastic customer support, so we’d recommend looking into some award-winning Colorado-based banks like Alpine and Bank of Colorado.
Obtain a Sales Tax License. Some sales are not taxed; some sales are taxed. Regardless if you make taxable or nontaxable sales, it is best to have a sales tax license. It legitimizes your business. Also, this license allows you to make purchases for resale without paying sales tax to the vendor. Get your sales tax license from the Michigan Department of Treasury.
To become an officially recognized business entity, you must register with the government. Corporations will need an “articles of incorporation” document, which includes your business name, business purpose, corporate structure, stock details and other information about your company. Otherwise, you will just need to register your business name, which can be your legal name, a fictitious “Doing Business As” name (if you are the sole proprietor), or the name you’ve come up with for your company. You may also want to take steps to trademark your business name for extra legal protection.
Turning your favorite craft or hobby into a revenue-generating business idea easily counts among the most fulfilling experiences anyone can have. Just take a look at what Jacob Huss of Soteria Designs is doing wit his hobby of hand-building furniture and wood jewelry. With more and more people demanding a higher degree of personalization in just about anything they own or use, count yourself lucky if your craft happens to be the creation of custom furniture. Not only is the real estate sector regaining its footing, the number of style-conscious customers is also on the rise, creating plenty of room for growth into this business idea.
Earning money on GigWalk is similar to working on Task Rabbit—not a bad side business idea if you’ve got the free time. You get to choose from an amusingly diverse range of jobs from taking snapshots of restaurant menus to counting the items arrayed on supermarket racks. It won’t make you rich though, with payouts tending to congregate in the lower half of their $3-to-$100 range. But, if you’re looking for a steady little side business idea, it can’t hurt doing a strange but fun errand and getting a tip at the end. When you’re bored or a little short on cash, you can access GigWalk anytime, anywhere via their mobile app. Meanwhile, all the jobs specifically vetted for you will be within reach (ideally, just a brisk walk away).
Despite Instagram’s growing popularity, not all brands know what they’re doing on the app. If you have a background in social media and marketing and a passion for photography and Instagram, starting a consulting business that focuses on the popular photo app can be a great way to make money while helping other businesses improve their content and thrive.
Keep learning, and be adaptable to change. Find buddies, mentors, local business-related organizations, Internet forums, and wikis to discuss the daily details of running a small business. It’s much easier for everyone to perform their core businesses well and prosper when they don’t waste time and energy “reinventing the wheel” on housekeeping.
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.
People get into this business thinking it is a totally passive way to make money and then they find out—they actually have to do some work! Heavily used washing machines and dryers can break down, and the laundromat will need to be cleaned constantly. That being said people need clean clothes so this is a classic steady income business!
This is very specialized and you need to have a good amount of expertise to get started. But what a fun way to make a living! Visiting clients’ homes, viewing and researching their art: what could be a more fun business than this?
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Before the bank grants a mortgage, they will require a real estate appraisal. So, this is a great, steady income business with the only overhead being your scooter to get you to your homes to be appraised.
Many ultra-busy professionals appreciate having someone who can check and answer their email, organize task lists for them, update their calendars, and other administrative tasks, with minimal interaction. The best part is that you can provide this service from home with a good Internet connection.
State: The California Department of Tax and Fee Administration website offers all the information you need to know about state business taxes and special permits and licenses. The Governer’s Office CalGold Permit Assistance Tool is also a great way to find out what taxes and licenses apply to your business.
Even in the Internet age a lot of people enjoy going to flea markets. To succeed in this business, you first need to be able to sell space to vendors. Then right from the first event you need to bring in enough visitors, so that your vendors are happy, and will come back again and again.
What a great excuse to travel and get paid for it! Yes, there are some really cool craft items you can find around the world for really low prices. It could take a little bit of patience to get going, and specialization helps. But this is a very doable business. One of my friends built up a successful import/export business while still in college.
Think about how you can zero in on a specific audience for your products and how the business you build can serve them. If you already have a sizeable audience (a blog, a YouTube channel, or an Instagram account), maybe you can even find a way to base your business off of that existing audience.
Luckily, marketing is a lot easier when you’re catering to a specific audience or identity (e.g. vegans, board game lovers, photographers in your city). You can produce social media content that resonates with these people or run ads that target their interests. Taking this approach also helps you project a consistent brand because you’ll have a more specific idea of who exactly you’re talking to.
Survey Savvy is an online survey site where you’ll get earn money for sharing your opinions with companies. Most surveys pay out between $1.00 to $20.00 depending on the length and topic of the survey. Once your account has reached $1.00 in rewards, you can request payment via check. Survey Savvy has an A+ rating with the Better Business Bureau.
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.
In most cases, these firms offer a team of experts to plan out your company registration from scratch — this includes the strategies you need to follow in order to smoothly set up your business, itemizing potential costs, offering licensing and location options, coming up with solutions for potential business hurdles, and so on.
One of my friend’s mothers offered art lessons in her home after school. She had a steady clientele and they made some really cool art! You may already have an art specialty that you want to teach to others. Or you may find that you are better off learning the basics of a new art skill and teaching that, or offering a survey course covering a number of art skills—most of the market will likely be beginners anyway.
Ensure that your chosen name is available. In order to register your LLC with the name you’ve chosen, you must search to make sure that the name is available in the state where you plan to file your LLC. To check name availability, you must look through the secretary of state’s database of registered names.
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.
It’s amazing how you can have a business even if you are not working with technology. This shows that as long as you have the will to be of service to people, then you can create a business out of it.
Potential challenges: Insurance is a must with this business, given the risks of injury to yourself or employees, or the possibility of damaging appliances. You might also face competition from established appliance repair businesses.
C Corporation: C-corps are organized in the same manner as S-corps, but there’s no limit to the number of shareholders you can have. A C-corp is the only structure that faces double taxation, meaning the business and the shareholders are both required to pay taxes on the profits.
Very informative post. Even having a huge capital upfront to start a business does not guarantee the success of that business. So these are great tips to start with nothing and step by step make things happen. Thanks for sharing.
Next it’s time to choose a structure for your business and get it registered in California. This is a huge step and it’s important to understand the implications of each business structure before settling on one, so we’ll take a brief look at each.
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.
Tigerfish offers transcription, proofreading, editing and audio engineering services to clients. Tigerfish hires freelance contractors for these positions. Must complete and pass a quality assurance test before being hired.
India Hicks – Featured in Forbes, InStyle, Yahoo, and Business Insider, India Hicks is a social selling company that sells high-end handbags, clothing, accessories, beauty and fine fragrances designed by India and her team. Become an India Hicks Ambassador for as little as $99. Ambassadors earn up to 30 percent commission on sales. Ambassadors also earn 10 percent product credit every month they are active.
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.
I need funds for state filing and office equipment. I am also a paraplegic so my mobility is very limited but a home-based business would be ideal for me. Does anyone have any specific suggestions for me to raise funds for this. I need about $3500.
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.
You require money to start your business, but how much do you really need? Without a clear idea you run the risk of coming up with an unrealistic valuation of your business, which will put off investors and get your loan application rejected.
Car washing or detailing services don’t always need to involve lots of complicated equipment or business acumen. You can set up a simple location where you provide services to customers or you can even travel to clients with your detailing supplies.
If you are offering pizza delivery you don’t need a storefront at all. You could just get an inexpensive industrial quality space, as long as it is convenient to your customers. Lure your first customers in with juicy offers. Then try to keep them with great quality. But beware that a lot of pizza delivery sales even to repeat customers involve some kind of discount or special offer.
#49 – ETS is a testing company that pays you to score various tests for different educational institutions. The pay can go up to $20 per hour depending on the tests. Payment is twice a month via check and is tax deductible.