Confused which business to start? Follow our beginner’s guide
- May 28, 2019
- Posted by: Admin
- Category: Business Ideas, Start-Up
The true sign of intelligence is not knowledge but imagination – Albert Einstein
Young entrepreneurs have many startup business ideas at the start of their career in entrepreneurship. And deciding which one is the best is not an easy task. The reason is simple: Not all ideas are equally achievable.
There is no such profit in some industries. On the other hand, certain industries are competitive and need more money. For the first time entrepreneurs, it is most difficult to get funds and it is therefore important not to take the first incorrect step (choosing a wrong business).
Your idea is important, but there are other factors that are equally or more important in setting up a business. You need a good business plan that will assist you in making better choices and well-laid future plans. Above all, you must love the business you run.
For the first time, setting up a business is not easy, especially if you are unfamiliar with tax problems or have problems processing legal jargon. It can seem that money is leaving the business, rather than coming in. However, the smart use of the available resources and benefits can contribute to significant cost and stress reduction. It’s important to consider these factors right now alongside with developing the business idea.
That’s why you have to hear these top ten startup business ideas to begin your entrepreneurship career:
The Internet is certainly the strongest advertising tool. Therefore, it doesn’t have to surprise us that many accomplished online companies are successful in starting ideas after a short period of time.
It is difficult to suggest which products can work best because the market is changing constantly. You still need to know the features of the product with which you work.
There are also two possibilities: selling your own products (e-commerce) and selling the goods from other suppliers at a more expensive price (drop shipment).
As e-commerce, drop shipping does not requires huge investment. The greatest amount of money will be spent on social media advertising. Both options, however, require planning and research.
There are two things in common, innovation and entrepreneurship. Companies have realized that the Internet can help them to reach and offer their products more effectively to their potential customers.
Statistics have shown that approximately 80% of customers research the company online before buying from them. Owners know it is not possible not to have a website for their business. Web design companies, therefore, have a lot of work to do. If you think rationally, you can start this business with little investment.
Tax Preparation and Bookkeeping
Statistics showed that this area is the best small business to start when we talk about profitability. However, this industry does not mean it is for all.
With numbers, you must be pretty good. It is a responsible task to maintain the finances of other entrepreneurs. And you shouldn’t try it out if you don’t feel prepared for such a thing.
As freelance graphic designers, many young entrepreneurs start their business journeys because they do not require heavy investments. In this way, they gain work experience, but also customers they can work with on a long-term basis.
Like every business that needs a website, a logo, banners, flyers and other promotional materials are also required. This sector offers creative people a good opportunity. Those who wanted to draw and paint as kids, but didn’t have the opportunity to profit from their talents, this is their chance to showcase their talent and make money.
How successful your business is will be determined by the quality of your marketing strategy. Competition is tough in every area and that is why a marketing strategy is a key factor in your start-up success.
This is the right business for you if you have business communications skills and know how to share the value with the public. Moreover, marketing services are the best choice if you know how to do marketing that sells.
When people are working a lot, they do not have time, or simply, do not want to take care of their health. For many people weight problems are frequent and that is definitely an opportunity to grab. Naturally, you will need to be professionally qualified for something like this. However, the license is not difficult to obtain.
It’s the right thing to take advantage of when you spend most of your time in the gym. And don’t worry, personal trainers will always be needed – because there are so many people who want to tone their muscles or just simply for healthy living.
Running your own barber shop
In the last 5 years, the barber industry has been Australia’s fastest growing industry. So you can find plenty of young entrepreneurs going in that direction.
Beauty services, beauty products like gels, pomades etc, can be offered which can bring more money to you. Lots of shops also mean heavy competition, but there are also large numbers of potential customers. You don’t have to be worried if you have real knowledge and skills and if you find a means of reaching potential customers.
The “enterprise wages” of programming startups are certainly the highest. This industry, however, does indeed need a lot of sacrifices, and you must be a real expert. More importantly, it is difficult for you to adapt to this industry if you do not plan to be in front of your computer for the most part of the day.
It is entirely your choice to develop applications, games, or just work on new programs.
This is a growing business in recent years. Perhaps you are a graphic designer who wishes to share his Photoshop knowledge. Or if you are a social media manager who wants to teach small entrepreneurs how to advertise on Facebook.
You can make a great profit by sharing your knowledge. You can make blogs where you can share instructions on things you know with the beginners and sell them at a fair price.
You are going to prove you are a professional expert in that. With this, people begin to contact you for assistance, which is an excellent start for every successful business.
We can agree that this type of business is not so creative but it is a lucrative one. Young entrepreneurs can definitely take the first steps in the business world. There is minimum investment in the products you need to run this business including a good vacuum cleaner and polish floor cleaner. It’s also advisable for you to get a car, as it’s a lot easier to do.
Being aware of the advantages and disadvantages of any startup business idea will give you a clearer picture if some business is good or not. After that, making a good business plan and determining the targets you want to achieve will be much easier for you.
If you don’t have idea on the list above, it doesn’t mean that you won’t benefit. However, it does not also mean that if you choose a certain business from the list above, you will become the richest person in the world. A lot of effort is required for every successful business.
Remember, it’s important to love what you do, otherwise everything will become irrelevant without any emotional connection to your business.