Between the 2008 financial crisis and technology that make working from home more convenient, starting your own business has never been easier. Whether it’s jumping on-board to a high-tech trend or catering to your skills, narrowing down an actual business can still be difficult with so many options. To help you on your own your journey, here are fifteen ideas that you can use if you’re ready to start your own business.
1. Senior Care Service
The National Institute on Aging estimates that between 2010 and 2050 the 85-and-over population will increase 351 percent globally, 188 percent for the 65-and-over population, and the global number of centenarians (those over age 100) will increase 10-fold. Because people are living longer, there will be a need for a variety of senior care services ranging from nursing, home care, running errands, and transportation. Begin thinking of most anything you can do as a service in this field and you will have a business.
2. “Handyman” Type Business
Have you been called a Mr. or Mrs. Fixit? You can use those talents to start a business related to your specific skillset. Anything from repairing cars, bicycles, electronics, or furniture are up-for-grabs. You can also consider home repairs, like plumbing, electrical, or general construction, as a new business venture.
Believe it or not, self-employed handymen can bring in around $3,000 per week.
Joshua Steimle from MWI said "If you’re not good with your hands but still have a specific skill-set to offer, then consider launching a consulting business. For example, if you happen to be a social media whiz, a local business will definitely hire you to guide them in starting and managing a social media marketing campaign. In other words, you are hired by a business to help them solve a problem."
Entrepreneur’s ‘How to Start a Consulting Business’ has all the information, as well top consulting businesses, that you’ll need if you want share your knowledge for a profit.
4. Cleaning Service
Whether if it’s a commercial or residential property, people don’t always have the time or physical ability to clean their homes or offices themselves. That’s when they’ll hire a cleaning service. Besides offering an essential service that people need, a cleaning service is quick to start without much a need for much capital.
Here’s a useful checklist that you can use if you want to start a cleaning service.
5. Virtual Reality Technology
It’s anticipated that consumers will be purchasing several million VR headsets in the immediate future. If you want to tap into this breakout industry, now is the time to jump onto this bandwagon. Because this is an emerging industry, there are a number of questions to answer. However, you can start building a business plan by paying attention to what native advertisers are doing.
6. Mobile Food Business
If you enjoy serving food to others, but are afraid to commit to investing in a restaurant, then you can explore options like food carts, kiosks, or trucks. Purchasing a food cart starts at $4,000, kiosks are between $3,000 to $50,000, while trucks run from $15,000 to more than $100,000. Before settling, review the pros and cons of each on Entrepreneur. Go out and talk to a few different owners of these businesses. They do very well financially, and from the business owners I know in this business, they are happy, as well.
7. Graphic Design
Whether you’re starting an actual graphic design business or want to freelance as a designer, you can find all the information and inspiration to start by visiting Be a Design Entrepreneur: How to Start a Graphic Design Business.
8. Use Your Green Thumb
Do you enjoy being outside and have a knack for landscaping and gardening? Then you can either start you own landscaping business or garden center. Gardening centers may require a little more capital than a lawn care or landscaping business, but with millions of homeowners, there is a definite market for both businesses.
9. Translation Services
Since we live in an ever-growing global economy, there is definitely a need for translation services. In fact, it’s estimated that the translation industry is expected to become a $47 billion by 2018. If you do start an actual agency, you can expect to spend around $10,000 getting started.
10. Freelance Writing
There are almost 54 million Freelancers. Whether if it’s a running a blog, becoming a ghostwriter, authoring a book, or writing resumes for others, there are plenty of business opportunities for writers. The best thing about writing is that you can write about topics that you’re familiar with or that interest you. If that sounds appealing, check out this guide from Femtreprenuer. It has everything you need to get started.
11. Personal Trainer/Fitness Instructor
If you enjoy you whipping people into shape, or just happen to be a health enthusiast, you can find a career in fitness, which is expected to grow by 13% between 2012 to 2022. Start by defining your speciality and earning the proper certification. The American Council on Exercise is a great resource to begin your journey. Some customers don't care if you are certified or what you know, they just need someone to nag them into getting out for a walk and they are willing to pay for the company.
Do you have a great eye for capturing moments? Turn that creative hobby into a lucrative business by picking your niche, such as weddings or class portraits, and investing the right equipment. Bplans has a handy guide for aspiring photographers who want to start their own business. What if you are really good at taking baby pics. Millennials may just want someone to come to their home, get some great digital pics of mom and baby for FB or Instagram and will pay for your time. Digital, download, and done. Here is a guide to becoming a better photographer.
13. Beauty Salon or Spa
You’ll have to earn your license if you want to become a hairstylist, esthetician, nail technician, or massage therapist. You can find local cosmetology schools and regulations by visiting the Beauty Schools Directory. Once you have this information, you can start building your own salon or spa. Neighborhood home beauty businesses are coming back.
14. Financial Planning
The market for financial advisors is growing thanks to the growing age of planners and an interest in alternative investments. When considering this option, investigate the costs of starting a firm, the licensing/training required, the services that you offer, and the risks and rewards involved. Investopedia has all the information you need to get started.
15. Drone Manufacturing
Drones are another emerging market that you could tap into if you want to become a business owner. Drones Etc. has put together a beginner’s guide to help you launch your own drone business by considering factors like the training, required permits, and equipment that you’ll need to get started. The guide even has pointers on how to market your drone manufacturing business.Whatever business you decide on as an entrepreneur, the time is right and ripe for many businesses. Get your friends together and brainstorm for ideas. Look around. But most of all, save your money and be ready to pounce on the idea when you see the one that is a fit for you.