Looking for inspiration to identify the best small business
ideas for 2020 or over? With so many business ideas, finding the right one is
easier said than done.
List of best small business ideas for entrepreneurs
It may seem like all of the good business ideas or the best
small business ideas have been taken, but they are not. Most successful small business ideas come from individuals who work for someone
else but they believe they can do better. Some might start out as employees or
apprentices for other businesses and then gradually build up the skills and
experience before they set out on their own.
With the right idea and determination, anyone can make their
dreams of having their own small business come true. We show you how by walking
you through:
List of best small business ideas for entrepreneurs
Here is a list of 50 of the best small business ideas for
beginners with the right skill sets:
1. Freelance Writer
If you have writing skills, you can get started with your
own writing business fairly easily by offering your services to businesses on a
freelance basis.
2. Blogger
You can also fairly easily start your own blog where you
post about topics that match up with your own experience and expertise.
3. Home Contractor
If you have the experience working for a company that does
home repairs or contracting work, then you can fairly easily start your own
contracting business where you offer various services to homeowners.
4. Landscaping Business
Starting a landscaping business or lawn care business mainly
just requires some equipment, transportation and a steady base of clients. So,
you don’t need to have business experience to get started.
5. Virtual Assistant
Virtual assistants can offer a variety of different
online services to businesses and professionals. A virtual assistant handles
email organization and communication, social media scheduling and bookkeeping.
You can start a virtual assistant business even if your experience in those
areas comes from working for other companies.
6. Home Cleaning Service
For those who enjoy cleaning, or at least don’t mind it,
starting a house cleaning business can provide a pretty straightforward path to
business ownership.
7. Child Care Service
If you’re a kid person, you can start a child care
business out of your home or even offer babysitting services where you go
to the family’s home.
8. Courier
A courier is one of the small business ideas that simply
provides a service that delivers messages from one person to another. So, you
don’t need much in the way of supplies or experience in order to get started.
9. Accountant
If you’re trained as an accountant, you can build up your
own base of business or individual customers and build your own accounting
business.
10. Errand Service
You can also start a business that offers various errand
services like picking up dry cleaning or groceries.
11. Social Media Consultant
If you’re knowledgeable about social media, you can
potentially offer your services to various businesses managing their
social media accounts.
12. Social Media Influencer
Or you could focus more on building up your own social media
accounts and eventually build your business as a social media influencer.
Influencers is one of the small business ideas that can earn an income from posting about various brands
and promotions.
13. Etsy Seller
If you have any crafty skills, you can put them to good use by
making various items by hand and then selling them on sites like Etsy,
which make it fairly easy for beginner business owners.
14. Flea Market Vendor
You can also focus more on selling your goods in
person. Flea markets and similar events provide a pretty simple way
for new business owners to get started selling various items.
15. Ecommerce Reseller
Even if you don’t necessarily make your own items, you can
purchase and resell goods on sites like eBay or Amazon without any prior
business experience.
16. Web Designer
If you have knowledge or experience in web design, you can
offer your services to clients and build your own business as a web designer.
17. House Painter
You can also take a more low-tech approach and offer
services as a house painter for local homeowners or even businesses.
18. Photographer
You can also fairly easily start a business offering
photography services for events or local clients who want to schedule portrait
photoshoots.
19. Baker
Starting a food service business is one of the small
business ideas that 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. As a baker, you can sell products or custom creations for
events out of your home kitchen.
20. Event Planner
For those who have some strong organizational and
communication skills, you can build up a client base and start a business
planning weddings or various other events.
21. Hairdresser
If you’re trained in cosmetology, you can start your
own business as a hairdresser or hair stylist that travels to clients for
events or other occasions.
22. Makeup Artist
Likewise, you can build up a client base and offer makeup
services for events, photo shoots or special occasions.
23. Musician
If you’re skilled as a musician, you can build a business
where you play at events or venues and earn a portion of the ticket sales or
merchandising.
24. Graphic Designer
If you have any design experience, you can work on
attracting your own clients who need things like logo or branding design
elements.
25. Car Washing Service or Care Detailer
Car washing or detailing services don’t always need to
involve lots of complicated equipment or business acumen. You can set up a
location where you provide services to customers. Or as a car detailer you can
travel to clients with your detailing supplies.
26. T-shirt Designer
Online services like Redbubble and CafePress make
selling custom t-shirts fairly simple. So you can create your own designs and
sell them online or even order a supply of them to sell on your own.
27. Coffee Cart Operator
Coffee shops and cafes are one of the small business ideas
that can be complicated operations. But you can simplify the process and make
it more attainable for a first-time business owner by opting for a coffee cart
business instead.
28. Meal Preparation Service
You can also prepare single-serve meals and sell them to
consumers out of your home or a simple commercial kitchen as long as you have
the supplies and necessary licenses.
29. Antique Refurbisher
For those who enjoy working with antiques, you can start a
business where customers can bring you their items for repair or refurbishing.
30. Public Speaker
If you have expertise in a given topic, even if you’ve never
had your own business in that niche, you can start a business by offering
public speaking services at events or conferences.
31. Personal Trainer
For those who have a lot of experience in physical
fitness, you can build up a client base and start working as a personal trainer
out of a home gym. Or connect with a commercial gym.
32. Yoga Teacher
Or you could get certified as a yoga instructor and build
a business teaching yoga classes. Some of the best business ideas are the
simplest.
33. Dance Instructor
If you want to teach more of a variety of movements, you can
start your own dance classes out of your home or a local studio.
34. Music Teacher
You can also work one-on-one or in small groups to offer
music lessons or classes in various instruments or styles.
35. Tutor
Or you could opt to teach in a one-on-one setting in a
variety of different subjects. Providing tutoring services to students can be a
straightforward way to start your first business.
36. Tech Support Business
You can also start your own tech support company where you
provide assistance to people over the phone or online when they experience tech
issues.
37. Housekeeper
Or if you prefer working out of a home instead, you can
start a business as a housekeeper that provides various homemaking services for
families.
38. Affiliate Marketer
If you’re able to build up your own online network or
audience related to a specific topic, you can start working with different
brands as an affiliate marketer. Earn a portion of each sale you send their
way.
39. YouTube Personality
YouTube also offers a popular platform for people to share
information related to a number of different topics. And you can earn a share
of ad revenue by posting and promoting your own videos.
40. Podcaster
You can also start your own podcast and sell advertising
space or work with brands to earn an income from your show.
41. eBook Author
Writing a book isn’t exactly an easy undertaking. But it
doesn’t require any official business experience to get started publishing
and selling your own ebook online.
42. Interior Decorator
You can also start a business as an interior decorator
without a lot of expensive equipment or complicated business knowledge.
43. Pool Cleaner
If you want to spend time outside and provide services for
local homeowners, pool cleaning is another pretty straightforward service
around which you can build a business.
44. Furniture Maker
You can also build or re-purpose your own furniture and then
sell it to local boutiques or even at art fairs or similar events.
45. Proofreader
If you want to work from home or even just build a small
side business, you can offer proofreading services to businesses, authors or
individuals who want to pay someone to look over their work. The cost for this
idea is very low.
46. Resume Service
You can also focus on helping local job seekers who need
some help putting together their resumes or cover letters.
47. Scrapbook Maker
If you enjoy scrapbooking, you can actually build a business
doing that for customers who want to preserve their memories in a creative way
but don’t want to do the work themselves.
48. Clothing Alterations Service
For those who are skilled with a needle and thread, clothing
alterations offers a potential business opportunity. It doesn’t require a lot of equipment or
prior business knowledge.
49. Translator
As long as you know multiple languages, you can build a
business by offering translator services to individuals or businesses in need
of assistance converting conversations or documents from one language to
another.
50. Car Driver
The final entry on our list of business ideas is that of
becoming an Uber driver. This is one of the top ways entrepreneurs and
individuals who want to get into business fast get started today.
You can be in
business next week! When we travel, we always strike up a conversation with
Uber drivers and ask how they like it. Most of the time they are very positive.
A valid driver’s license, a good driving history, and a reliable vehicle are
all musts for this business.
Business ideas FAQ
Now that you’ve seen the list of business ideas, it’s time
to evaluate which ones are a good fit. While every business idea on our list is
suitable for first-time owners and aspiring entrepreneurs, increase your
success chances by doing your homework. When evaluating any small business
ideas, here is a checklist of points to consider.
Does the business idea match your skills?
We all have at least one thing we do well. Take stock of
your skills and identify what YOU know how to do well. Find business ideas where
you can leverage your skills. Example: if you are good at writing and
communicating, congratulations. You have a basic skill needed to be a freelance
writer. To assess your skills, look at your accomplishments as an employee.
Look at experience with school and community projects. Look at your
hobbies, too.
Is the business a good fit for your personality?
Pick a business where you will feel comfortable because your
personality is a natural fit. If you are an introvert who prefers to work at a
computer, then business ideas involving online work may be perfect. If you love
interacting with people, then find business ideas that put you face to face
with other people. You are more likely to be successful if the role feels
comfortable.
Are startup costs within your budget?
Keep your investment in your first business low. Run quick
numbers to estimate what it will cost to launch your favorite business idea.
Most of the business ideas above cost little to start. But a few may require a
bit more investment in marketing, equipment, inventory or supplies. Make sure
you can cover the cost.
Is licensing required for small business?
Most of the above business ideas do not require licensing
but a few do. For example, certain professions such as home contractors may
require licensing. As a condition of that license, you may also have to meet
other requirements, such as carrying liability insurance. As you research
ideas, check with your state, municipality, county or other local authority to
identify all requirements.
What do people in similar businesses say?
Strike up a conversation with individuals who currently
operate the business types on your shortlist. See how they feel about their
businesses. You can also do research online. Search in Google to find forums
and discussion boards for particular occupations, and read what members have to
say.
Similarly, search for Facebook groups or LinkedIn groups — there are
groups for writers, marketers, social media consultants and other entrepreneurs
who speak frankly.
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