The thought of running a business is itself a great idea. The benefits of running your own business outweigh the benefits of working as an employee for someone.
That said, establishing a business is a challenging task for many. One needs to be watchful about the steps that they are taking in developing their business. Further, having a passion for entrepreneurship isn’t enough to find success at running a business. You need to have an excellent business idea that is unique and in-demand. The idea should be logical, practical, as well as fulfill the needs of the masses.
So, if you have already given a thought about starting your own business. Why not consider looking at the seven ideas I’ve researched to get you started.
1. Social Media Management
Do you know a thing or two about social media? If yes, chances are you can manage social media accounts for different people and businesses, and make a monthly earning.
Social media has become a very popular medium to get the word out and increase brand recognition. However, only a few people are capable of utilizing their benefits. If you spend a lot of time on social media platforms like Facebook, Instagram, etc. and know useful insights of these platforms, consider cultivating a client base of business owners who need help at managing their brand’s social media platforms.
2. Event Planning
Due to their busy schedule, a lot of people are interested to hire freelance event planners to manage and pull off major events.
If you have some experience organizing and managing different events for your family and friends, like kid’s birthday parties and get together, start offering freelance event management services to other people. All you need is to pull off one great party, and in a small passage of time, your event management business will start doing well with all those word-of-mouth recommendations.
3. Personal Training or Gym
People today are a lot interested to take care of their health and fitness. So, if you’re into some aspects of fitness, opening a small gym or personal training can be a good business idea for you.
Fitness centers no longer stuffed with heavy weight lifting machines as people these days are more interested to keep themselves fit instead of increasing their body mass. So, limited fitness machines at a small space can do the trick for you.
4. Food Truck
Food trucks are getting increasingly popular in busy cities around the world. They offer a chance for people to enjoy their favorite cuisine on the go.
If you have a love for food and know a bit of cooking too, this can be a good business to start this year. Take your food cart and hit the roads to large corporate complexes, local public events, literally anywhere you are likely to draw a crowd. However, you need to keep in mind food trucks are required to meet different compliance and safety standards, so make sure to check them out before you invest in your plan.
5. Ice Cream Stand
Ice cream stand is an excellent choice for a new business enterprise. The good thing is that it doesn’t need high investment to open an ice cream business in your city. Good locations to operate an ice cream stand include mall food courts, beach areas or storefronts on high streets. Moreover, mobile ice cream stand is more profitable than a fixed location, since you can easily transport your business to areas where there is a high demand.
It is one of the best business ideas for someone that doesn’t have a high startup investment or looking to run a part-time business.
6. Beauty Services
If you have good makeup skills and many hairdo ideas, becoming a freelance hair or makeup artists is the next logical step. The good thing is that you don’t have to spend a lot of money doing that. You can start with giving beauty services at a small space in your own home or sign up as a professional stylist on different apps and get to your clients home.
It’s better to start working part-time or during the weekends to create your customer base and slowly transit out from your 9-5 job.
Students need tutoring at some point in time during their academic career. So if you are fluent in a foreign language and excel in a subject, why not set yourself up as a freelance tutor for students of different academic levels.
On average, private tutors earn from a minimum of £15/hour to £35/hour depending upon the subjects. So you can make good money by tutoring 3 to 4 students a day.