Top 10 Small Business Ideas

Starting a small business takes a lot of planning and the ability to execute your business plans. Though it doesn’t require a big capital for a small business however you cannot lose your capital as this will cause serious trouble on the financial front at the same time your future expansion plans. If you have knowledge about how to run a business successfully, you won’t be able to take a wrong move that can affect your business plans. Before we go on further to the small business ideas, refer to the tips for running a small business.

• Can it sustain your everyday expenses and can it profit you?
• Can it raise enough funds to get it running for a long time and can become a profitable venture?
• Is it something that is needed every day and does it has an appeal to sell on a steady basis?
• Is it something that you know how to do and can you do it well?
• Is it something that you like to do and doesn’t mind doing it over and over again?

Now that we know our objective in putting up a small business let’s go forward and see what are the best idea for small businesses this year.

1. Online business

This may include article writing/blogging, virtual assistant, translator, copywriter or bookkeeper, data entry, etc. This is one of the ideal business ideas for beginners would be to take advantage of various online business opportunities. By doing online data entry and online paid survey jobs, you can earn money per hour for your work. The more accuracy and consistency you show in your job, the more work you will get.

2. Mobile apps development

Almost all people nowadays possess a mobile phone and included on the mobile phone is an application that people always use. Calendars, Alarm Clocks, and notepads are some examples of applications that are commonly downloaded. Whether this is a businessman, a politician, an artist, or just an ordinary person has a lot or even tons of mobile applications.

3. Make-up artists or hair salons

Providing either makeup artist services or hair salons is yet another interesting small business idea. Makeup artists are in great demand in the fashion and entertainment industry. If you have the required makeup skills and talent, you can start your own company and do the makeup for television and movie stars. By providing good service, you can get long-term contracts which will increase your revenues greatly. The great thing about hair salons is that they are a sure thing. No matter how dismal the economic climate is, women will still scrape together the money to get their hair done, even if they have to let their nails go. So hair salons with talented stylists and well-priced services will still be real money-makers.

4. Cleaning services (pool, yard, garage etc.)

A cleaning service is a good business proposition for a person who relishes the idea of cleaning apartments, homes, and commercial establishments. Housekeeping is an art and people are typically deterred by the prospect of getting grease, tough stains, and odors out of carpets, keeping their bathroom clean and eliminating odors from their refrigerators. Hence, a cleaning service can be a steady source of income assuming that there are no immediate competitors. Otherwise, one would have to spend money on advertising and this may eat into one’s profits. Cleaning services can operate round the clock since residential apartments are generally cleaned during the day while commercial buildings are cleaned after office hours. Considering that cleaning services earn popularity and goodwill through word of mouth, a job that is well done will rarely go unnoticed.

5. Elder assistant or babysitting

Being a babysitter doesn’t require you to have a license, and with more parents needing to work, offering home-based child care can be a great way of starting your own business while taking care of your own kids too. The growing numbers of senior baby boomers also provide growing business opportunities for senior care. In-home care and senior residences are the obvious ones but don’t forget all the related opportunities such as driving, delivery, catering, and cleaning services for seniors who want to stay in their homes. You can certainly develop your own business providing care for seniors.

6. Recycler

The best thing about being a recycler is that you’re not just earning your own money, you’re also helping the environment. The average homeowner doesn’t always know where or how to recycle the stuff they’ve got. A pickup truck is all you’d need to start buying or simply offering to remove scrap metal, old computers, electronics, ink cartridges, and other recyclable materials.

7. Event management/party planner

Event management or party planning can also be a good option for a small business. All event planners have to organize a particular event by taking into consideration the suggestions given by their clients. This job requires creativity, patience, and the ability to get work done by people on time. It can help you be a successful event planner if have a good team of creative professionals that can help you organize the event under you.

8. Online selling

Whether this is pre-loved or brand-new stuff you can still earn big bucks. This is being popularized by eBay. There are still some people who have a whole lot of money and are willing to spend it on the name products that matter. Luxury handbags, scarves, and shoes for women are still selling well, for instance.

9. Social media consultants

With the ever-rising of social media era and the giant social networking sites, such as Facebook, Twitter, and Youtube, businesses have been taking advantage of this to gain more exposure for their brands and products. With more than 800 million active users on Facebook alone, business promotion on this top social networking site is now a priority for business owners and marketers. If you have social media marketing skills that can outsource likes and follows for your client’s business, then this business can help you earn cold cash on the Internet.

10. Pet-related services such as pet sitter, pet cleaning, and grooming services

Most Canadians and Americans love pets, especially dogs, and feeding, caring for them, and pampering their pooches is a spending priority. Kennels, doggie daycare, dog treat bakeries, and dog resorts are a few of the things that you may want to venture in.

These are not necessarily ideas for businesses that anyone can start however you can get some ideas on the list above. But in my opinion, these are business opportunities that are going to provide real chances to make money. A business that is done right, in the right place, and for the right people may be a profitable enterprise for years to come. If you’ve been considering a sale, take your time and do it right. Plan ahead, research your market, and stand out from the competition. Knowing the sales process is half the battle. With proper preparation, you can ensure a stress-free transition and a financially successful exit from your business.

Source by Mark Favre