what do i need to start my own business | steps to opening a small business

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.
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.
You can work from home giving your expert advice on various topics to people who need it. If you can prove your expertise in a certain field, then you may qualify to do this work, although for some it’s just extra money here and there. This is often non-phone because you may be able to give your advice via email or chat.
After completing all of the above steps, you are officially in business. Review information from Michigan Business One Stop and from Michigan State University Extension for direction as you move further along in your journey of business ownership.
Where there are homes, there will be children and where there are children there will be tears over math and grammar. Though the internet abounds with online tutoring services, nothing can ever replace the benefits of having an in-person teacher. In addition to being a great business idea for small towns, tutoring can also be a profitable business for both yourself and those working for you. If you are looking to hire employees, we recommend starting with a few tutors that specialize in math, reading, writing, and science. Don’t attempt to hire tutors that brand themselves as a jack of all subjects, those individuals are few and far between and most likely would be too expensive for you to employ from the start. Instead, look for tutors that specialize in one subject and have previous tutoring or teaching experience.
I can’t believe how busy the driving range near me is. They must have 50 driving stations. And they don’t even have a real golf course, although they do have kind of a long pitch and put course. You might think you don’t have enough money to finance a driving range. But you can lease the land and drop a store-built little shed on the property to get started.
Español: crear una microempresa, Deutsch: Eine kleine Firma gründen, Português: Abrir uma Pequena Empresa, Italiano: Avviare una Piccola Impresa, Русский: открыть предприятие малого бизнеса, 中文: 开创一份小事业, Français: créer son entreprise, Bahasa Indonesia: Memulai Bisnis Kecil, Čeština: Jak založit malou společnost, Nederlands: Een klein bedrijf starten, العربية: بدء مشروع تجاري صغير, ไทย: เริ่มต้นธุรกิจเล็ก ๆ, हिन्दी: छोटा कारोबार शुरु करें, Tiếng Việt: Bắt đầu một Công việc Kinh doanh nhỏ, 日本語: 小規模事業を始める, 한국어: 소규모 창업하는 법
Many of these resources and programs are funded under the provisions of the Library Services and Technology Act from the Institute of Museum and Library Services. Florida’s LSTA program is administered by the Department of State’s Division of Library and Information Services.
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.
Startups requiring a lot more funding up front may want to consider an investor. Investors usually provide several million dollars or more to a fledgling company, with the expectation that the backers will have a hands-on role in running your business. Alternatively, you could launch an equity crowdfunding campaign to raise smaller amounts of money from multiple backers.
If you have a way with words and know how to make the keyword-friendly, beautifully designed, SEO-optimized landing pages, why not charge other companies for your services and turn it into a money-making side business idea? Even a short landing page is worth a couple hundred bucks in most cases, and so much more if you know how to pitch your prospects well. If you want to get started with your business idea of becoming a landing page specialist or freelance copywriter, check out Len Smith and Sean Kaye’s awesome course on Udemy, Copywriting Secrets: How to Write Copy That Sells.
Toluna is a survey and product testing site where you can earn points for participation. Most surveys and questionnaires take 15 – 20 minutes and members earn anywhere from 15 – 20,000 points depending on the length. Points can be redeemed for sweepstakes tickets for gadgets or getaways, vouchers for stores like Amazon, even cash. Payments are made via PayPal and check.
The Internet has created opportunities for people who can sew and design custom clothing for special events. Many people have found success creating custom birthday outfits for babies and selling them on sites like Etsy or eBay, for example. In addition to selling online, you could also market this service to people in your local community.
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.
Nice article, very informative. Please share any IT (eg: IT Services) related business ideas. I am also one of them who just thinks, instead of doing something :). But looking forward to start something soon.

Someone out there is remodeling their kitchen and needs to know which shade of granite will match best with mahogany flooring. That someone will often be happy to pay you for your advice, especially if you’re the kind of person that subscribes to websites like Contemporist and you have the motivation to turn this business idea into a money-making enterprise.
I am currently sitting in my co-share work space and beside me sits a green potted plant about 15” in height. Every day or two, the commercial watering service person comes by and pours a little water on the plant. Once a week or so, the service person may take out his plant clippers, and trim a leaf or two. Wow! I think I could master this work! And I bet you could too!
If you’re feeling a bit overwhelmed, you might consider leveraging business planning software. There’s a ton of user-friendly programs out there that can make the planning process far simpler. If you’d like to take a look at some of the best options, head over to our top 7 business planning software tools!
I view a café as positioned somewhere between a sandwich shop and full service gourmet restaurant. You will be cooking a lot of items but not everything, and your dining space will be simpler than a fancy dinner spot. So, you save money on buildout both in the kitchen, the equipment and the dining space. And you won’t need as expensive a chef as you would for a full-service restaurant. Furthermore, if you choose your location well you could have a good lunch business, as well as a dinner time business, and you could do fine in the late afternoon time slot too. Then of course you could offer breakfast as well and really fill in your day!
Sseko – Run your own ethical fashion business with Sseko! You’ll fall in love with the amazing handcrafted and on-trend products. Sseko Designs uses fashion to create opportunity for women globally. We provide employment and scholarship opportunities to women in Uganda who are working to pursue their dreams and overcome poverty. We do this through a financially self-sustaining model, one that also enables us to create opportunity for women in the U.S. to earn an income: The Sseko Fellows Program. As a Sseko Fellow, you get to share the Sseko story and sell beautiful products of the highest quality. You’ll become an integral part of making dreams come true for women in Uganda while you simultaneously earn an income for yourself! We’ve got a vibrant community of women ready to welcome and mentor you as you get started… and every step of the way!
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!
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.
For example, if you are streaming video as part of your business, you are justified in buying faster internet. However, if you are mainly using the internet for browsing and email, there is no reason for you to get a higher speed internet package.
One of my friends took over her father’s dry cleaning business that over a lifetime he had built into a dozen stores. This is really hard work. Every item has to be handled many times. Customers can be demanding. And it is competitive. But if you are willing to work hard, you can make a very solid income.
Healthy Hands Cooking provides stay-at-home moms with a passion for nutrition and kids, the chance to make a healthy income while making a difference in kids’ lives. Keep 100% of your income, empower kids in your community with vital, healthy living skills, and LOVE WHAT YOU DO!
Build up a following on your Instagram account and you could quickly be approached by major brands, gear companies, and other relevant businesses that sell products or services related to the type of content you share on Instagram—creating multiple potential side business ideas that’ll come to you. If you have the right marketing skills and hundreds of thousands of followers, you can easily charge anywhere between $500 to $5,000 per post (or more)—which makes for a very profitable side business idea. Check out this fashion Instagrammer on ThePennyHoarder, making a significant income from brand sponsorships. Once you get some traction, to cut down on the amount of time you spend uploading images, you can make your entire workflow more efficient by posting photos from your Mac or PC.
Skilled at creating blankets and sweaters? There’s a huge market for these types of items – even better, you can usually make them in your spare time whenever you have it. As always, local shops and sites like Etsy are great venues to sell such items.
Bridal shows can be an important marketing venue for the purveyors of wedding goods and services. You could start in this business by helping vendors prepare their display spaces at various shows, and then at some point you may want to organize your own bridal shows.
My kids did an upscale sneaker and related goods boutique. This can be a lot of fun but it may be harder than you think to make money. First make absolutely sure your location has great foot traffic—stand there and count heads before you sign a lease! Then develop a distinctive plan for merchandising, and don’t be afraid to mark down what isn’t moving.
Check into legal barriers for your business. Some areas have certain rules and regulations for home based businesses, and you need to check into those at your town’s city hall before investing much time or money in your business. Some areas just make home based business owners carry a business license and nothing else. Not knowing about these regulations can be devastating to your business.[3]
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.

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