Having a mission to go along with a business, and setting aside some profit for a cause, gives social entrepreneurs a unique way to position their company in the market while addressing the issues they care about most.
A limited liability company (LLC) is a popular way of setting of a business because it allows the owners to limit their personal liability for actions taken by the company. While an accountant or an attorney can set up an LLC for you, it is usually pretty easy to complete the formation process yourself. Keep in mind that each state will have different rules for forming an LLC, so it is important to look at your specific state laws before proceeding.
Investment: It requires a low upfront investment — if you don’t require training. You’ll likely only need to purchase some parts and tools to get started and you can operate the business from your home.
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If you love to cook, take the “Blondie” route and start a home catering business. Catering is a business that’s perfectly designed to reward those who plan well, and it can often fit perfectly into weekends, which could work great if you are trying to build a business outside of normal working hours.
There are several loan programs aimed at helping first-time entrepreneurs set up their business. The Small Business Administration (SBA) operates the loan programs offered by the U.S. government. To qualify for the loan, your business must meet some criteria such as your business must operate in the United States, your business must qualify as a small business according to SBA guidelines, you must operate for profit and you should have a good credit score.
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.
Listed below are links to basic federal tax information for people who are starting a business, as well as information to assist in making basic business decisions. The list should not be construed as all-inclusive. Other steps may be appropriate for your specific type of business.
Stella & Dot – Run your own fashion social selling business. Stella & Dot is so much more than a fashion brand – we are inspired by, and created for, strong women just like you! We designed a smart, stylish business that works when you do. Plus, Stella & Dot is more than just a company – it’s a community. At Stella & Dot, success is defined by your happiness. It’s your business, your pace, your way.
The majority of us don’t have the luxury of being able to quit our day jobs to pursue starting a business idea today, without having to worry about how we’re going to meet our financial obligations moving forward with no immediate income.
Ghostwriting pays pretty well, and if you’re talented at researching and creating great content within a certain subject domain, you can quickly build a roster of high-paying clientele with this business idea. Ghostwriters like Jeff Haden have created very lucrative careers for themselves by writing for business executives and CEO’s—and Jeff also started his ghostwriting career as a side business idea outside of his full-time job as a factory manager. Listen to his interview with me on The Side Hustle Project (podcast) right here.
Another dropshipping model, print-on-demand puts inventory, shipping, and fulfillment in the hands of a third-party supplier. But unlike the dropshipping idea above, the focus here is on customizing these products with your own designs to create something original.
Did you major in a subject like English, history, or math in college, or do exceptionally well on the SAT exam? Do you have patience with children? If so, you likely have what you need to tutor kids in particular subjects. Seek out parents or teachers and let them know that you tutor students in a certain subject, and offer materials for them to share, and phone calls will often trickle in. You can get going locally or expand across the country by offering to tutor online.
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.
Many states allow people to start an in-home daycare with minimal licensing and paperwork. If you love children and have plenty of time and space at home, this is a perfect business to get into. All you need is a safe room or two for children to play in, some toys and activities, and a whole lot of patience.
Launch your business. When you have everything ready, launch your business or website and take your first customers. These can be friends or family to start with. Keep in mind, you will not know everything about your business from the start. Entrepreneurs learn as they go!
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.
If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? Take my friend, Mark Jackson’s lead with what he’s doing to build a travel consulting side business idea. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals and eventually you could spin this business idea into a full-time consultancy teaching people how to make your dream trip a reality.
Know your competition. If you plan on working from home locally, look around town for other businesses offering the same services or products. You’ll have to figure out if there is enough business left for you in your area. If you plan to work online, you’re dealing with a very crowded market in most cases, so you’ll have to find a way to differentiate yourself from the competition.
Colorado doesn’t issue general business licenses, but there are a number of scenarios that do call for special permits, licenses and taxes on a local, state and federal level. Here are the best resources for each:
Color matters. The colors you choose to represent your business will have a major impact on customers’ initial impressions. Yellow feels joyful, blue feels serene — what colors capture the essence of your company?
Most, if not all, businesses require some kind of license, whether local, county, state, or federal. Each type of license has its own set of requirements, which depend on the type of business you have. And while you can easily handle some licensing issues by yourself, other issues will require a lawyer, so be prepared to hire one [source: My Own Business].
I love working for TTEC@home, I’m a single parent who moved to a new state where I had no family or friends. I started a job where I felt like I was working just to pay daycare for my four-year-old son. My son hated the daycare and I never had time to spend with him. I was referred to TTEC and I’m in love with it. Now, I put my son on the bus and log in for work. By the time I get off work, my son is almost home. It’s wonderful!
Similar to a handyman service, a cleaning service is also a solid business idea for small towns. That is if you are looking to forgo a storefront. Though it’s becoming increasingly popular these days for customers looking for cleaning services to use larger companies or startups, often services such as these either haven’t expanded into rural areas or don’t have contract workers willing to travel to more remote towns. This might be frustrating for those seeking a sparkling kitchen, but it’s a massive business opportunity for you! It’s also one of the easiest businesses to start with very little, if any, overhead.
People who own fish, lizards, snakes or any other animals that live in tanks or aquariums are likely to need some maintenance services at some point. If that’s the type of work you enjoy, you can provide those services in people’s homes or place of business.
I am happy to read and share these ideas from your blog. For ideas and more of business references, you can try businessmentals. Some of the tools they offer is: Business Start-Up Checklist which could be pretty useful for new entrepreneurs.
College counsellors come in all shapes and sizes. Their primary duty is to help guide students through an important period in their lives. Some counselors focus on admissions, career advice, financial aid, athletics, extracurricular activities, and other concerns. There are institutions looking out for part-time college counselors, making this a fantastic side business idea, or you can even start your own practice and charge anywhere from $25-$100+ per hour for your consultative services if you’re well-versed on the subject.
This is like a simplified version of a flower delivery service, but without an inventory that is constantly becoming obsolete! Plus, balloons suggest fun and light-hearted cheerfulness, perfect for many occasions!
Starting a food service business can be pretty involved for a beginner. But if you enjoy making food and want to build your first business around it, you can start a baking business where you sell specific items or custom creations for events out of your home kitchen.
Starting a business takes much effort, but this effort could bring you huge rewards. For this article, the author assumes that you have already researched your business idea, obtained the funding and decided to actually start your business.
T-shirts, hats, phone cases, hoodies, skirts, tote bags, and more become canvases for your creativity. You can think up witty slogans for developers or references that resonate with cat owners—if there’s passion and pride within a community, there’s a potential t-shirt business you can start.
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.
EA Help hires remote-based workers to assist their clients with administration and task project management. Applicants should have a bachelor’s degree and at least five years of experience as an executive assistant, project manager, or similar role.
We are looking for Virtual Teachers to join our team of education professionals. We deliver exceptional academic support through our student support model that provides student-centered monitoring, coaching, mentoring, and teaching. Your experience teachin…
Data entry clerks come from all different backgrounds including, data entry, customer service, sales, clerical, secretary, administrative assistant, warehouse, inventory, receptionist, call center, part-time, retail fields & more!…
These low-investment, no-inventory online businesses make a great entry point for beginners or anyone with a busy schedule, giving you a hands-on education in entrepreneurship at a fraction of the cost.
I like the vintage clothing business because you are not competing head to head with all the retailers and online sites selling new goods. Furthermore, you can have high margins. I would look to at least double my money on any vintage clothing that I buy, and I would try to pay for items with store credit not cash, as much as possible.
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.