There has never been a better time than now to start your own business right at home. You don’t need an elaborate outside facility to launch your dream company.
How do you find a business to start that is right for you? Consider your talents, your skills and your passions. For example, if you are good at numbers, and enjoy being detailed-oriented, you could start a freelance bookkeeping service. Love the outdoors and gardening? How about a landscaping enterprise. Do you play an instrument? You could teach classes to kids or give individual lessons in their home. If you love crafts and enjoy making quilts or scrapbooking, could you teach this talent to others?
Now you must consider whether or not your idea will work as a home-based business. If you love baseball and want to set up a batting cage, do you have the space? Is your property zoned to take on vehicles driving up and parking all over your street?
You can’t start a manufacturing venture in a residential neighborhood. If you are thinking of baking bread and selling it to restaurants, make sure you call your county clerk’s office and find out if you need to get a “food handler’s license.” Requirements vary in each state so make sure you check it out!
Can you make a profit with the type of business you’ve selected?
Will people be willing to pay you for what you are selling? Next, ask yourself how much are people willing to pay for this product or service, and will you be able to make a sufficient income from that?
Make sure your fees will earn you a profit. We know of one start-up entrepreneur who offered to clean garages: he set a fee at $75 thinking that would cover most jobs. He took on one job that took 3 days. Make sure you establish whether your service business will charge by the job—or by the hour.
Write a business plan for your home-based business. There are many templates available online that you can use as a basis for your document. It can be 2 pages or 20 pages. The plan will help you answer all the questions you might have about your small business before you even launch the company.
The business plan is absolutely essential if you want to borrow money, so take time to prepare the document. It will give you a great sense of security knowing that you understand every aspect of your venture. Review the business plan a few times a year and make sure you are on track to success to start your own biz.
Determine your fees or costs for your service or product by analyzing what your particular market will bear. Call other
service businesses in your area and see what they charge per hour or for the service rendered and adjust your fees accordingly.
Internet Tutor. Lots of people have computers but are clueless when it comes to going online. You come over and teach them how to do it. Organize a class to make more money in less time.
For this business, we’ll assume you’re online and enjoy all the Internet has to offer. Take out ads in the business section of your local newspaper and in the regular classifieds. Charge by the hour.
Flower Arranger. If you have a flair for floral arrangements, start a business dropping off weekly arrangements to restaurants, banks, businesses, stores, doctor’s offices, hospitals, catering halls, etc. Drive around with your photo portfolio of grand flower arrangements and ask your potential clients if you can provide them with weekly fresh floral arrangements. Buy your flowers from a local flower mart or wholesaler, take them home, arrange in vases, drop them off and collect the money. Start-up costs to create initial arrangements for your portfolio, stationery and business cards, plus a flyer for businesses will cost about $500. Build a simple website.
Man With Van. You have a van and plenty of people who need one don’t. You rent out you van and yourself to move furniture, deliver plants, bring home bags of topsoil, move play equipment, etc. You can start this business for less than $100. All you have to do is print up flyers that you’ll distribute to local shops that sell furniture, gardening centers, etc.
Antique Dealer. Collect antiques and interesting collectibles and display them in your home. Consider taking items owned by others and sell them on a consignment basis. Collect items from friends and family. Take a cut when the item sells. Open your house on weekends for your antique sales. Let shoppers browse through your living room where the items are displayed. Call your local town board and determine whether or not you’ll need a special permit to conduct this business from your home. Will parking
be a problem, will the neighbors mind? If so, then try another venture or consider pooling your resources with a partner and open a shop in town.
Translation Service. If you are fluent in another language, then you can start a translation service. All you are going to need is the money to advertise your business. An ad could cost as low as $75. Distribute flyers throughout your city or in places of research and any other place where your language skill might be needed. Charge by the hour, but you might consider a minimum charge.
Pet Photographer. Build a portfolio taking pictures of your friends’ and neighbors’ pets. You can generate interest for your business by hanging your pet photography in local schools, galleries, malls, pet stores, etc. Figure on $300 to get going.
Video Entrepreneur. Use your video camera to make a wide range of videos for clients including: local rock bands, real estate brokers, new home owners/builders, film to video transfer jobs, insurance videos, video resumes, instructional videos, video messages, surprise videos (baby showers, etc.), wedding day videos, baby’s first video, security videos, etc. Plan on spending about $1000 to get started if you need to purchase a camera and accessories.
Bread Baker. Bake bread for businesses, restaurants and shops. You will need to bake some samples and take them around to local restaurants for tasting. If you they like what you’ve baked, they just might order your products in bulk. Survey local shops, cafes and restaurants first to determine if there is interest in your bread business.
Photo Album Designer. Take photos from your clients and create beautiful photo albums. Take your own photos and create a photo album. Add decorative touches, such as lace for wedding albums, and hand sewn baby oriented styles for baby albums
Blogging Business. Start blogs for small business owners that are too busy to establish them and write for them. Setting up blogs is free through blogspot.com and wordpress.com
Source: Small Business Opportunities