40 Great business ideas to start in 2021

Are you looking for an idea to start a business?

Many of us dream of starting our own business, but without the perfect business idea, it’s impossible to know where to begin. After all, you have to choose a business name, obtain licensing,  establish your online presence, and so much more. Business ideas aren’t easy to come by and can take weeks — if not, months — of research to help you get off the ground and running.

Here, we’ve rounded up a list of 40 business ideas you can start on your own, which you’ll see, we have separated into four main sections: small business ideas, online business ideas, home business ideas, and side business ideas.

Each business idea comes with its own step-by-step startup process you are welcome to follow, but that’s not all. By the end, you’ll also find useful tips and ideas for successfully pitching and funding your business.

Ready?

10 Great small business ideas

Testing Business Ideas: A Field Guide for Rapid Experimentation

A practical guide to effective business model testing 7 out of 10 new products fail to deliver on expectations. Testing Business Ideas aims to reverse that statistic. In the ...
Buy Now
AE__amazoncomau amazon.com.au
in stock
Last update was on: August 25, 2021 1:59 PM

Even the world’s largest and most successful companies once started as a small business, employing only a handful of workers and operating from a single location. There is plenty of great small business ideas that are easy to set up, you can start a business as a photographer, event manager planner, and many more.

#1. Event planning

Steps to starting an event planning business:

  1. Do your market research
  2. Familiarize yourself with local tax laws and business filing requirements
  3. Gain event planning skills and experience
  4. Determine your event planning niche market
  5. Identify what event planning services you will offer
  6. Choose a business entity
  7. Name and register your business
  8. Draft your business plan
  9. Obtain business insurance
  10. Develop your network of local suppliers (caterers, florists, photographers…)
  11. Set an event planning fee structure (Hourly/commissionable rate, flat fee..)
  12. Secure funding for your business, if required
  13. Establish your event business online presence (website, blog, and social media profiles)
  14. Implement a marketing strategy
  15. Collect and encourage reviews

#2. Photographer

Steps to starting a photography business:

  1. Write a photography business plan
  2. Assess your photography business startup costs
  3. Secure startup funds, if required
  4. Gain experience with professional photographers and through courses or workshops
  5. Buy required camera gear
  6. Determine your target market
  7. Decide on what types of photography services you will offer
  8. Plan how much will you charge for your services
  9. Determine your branding
  10. Create a photography business website
  11. Create social media profiles to promote your photography
  12. Network through relevant forums, groups, events, etc.
  13. Create legal contracts for clients
  14. Invest in marketing your photography business to reach a wider audience

#3. Real estate

Steps to starting a real estate business:

  1. Research real estate licensing requirements and address associated legal issues
  2. Create a real estate business plan to set your goals and direction
  3. Invest in the necessary technology to operate your business
  4. Do extensive market research
  5. Choose which niche in the real estate market you will target
  6. Work on your branding (logo, banners ads, tagline…)
  7. Set up your real estate business’s location
  8. Establish your online presence by creating a website, blog, and social media profiles
  9. Create a marketing strategy

#4. Catering

Steps to starting a catering business:

  1. Decide on the specifics of your catering business, including where you will operate your services and what type of catering (cuisine, events, etc.) you will provide
  2. Name your business
  3. Set up your business structure
  4. Contact relevant local departments to obtain the required licenses, permits, and liability insurance
  5. Create a business plan
  6. Determine a marketing budget and strategy
  7. Create your event menus
  8. Set your pricing
  9. Purchase the equipment and cookware you require, including dishware, utensils, and other food preparation and serving tools
  10. Create a website and social media channels to promote your business through
  11. Reach out to local vendors to acquire your wholesale food and supplies 
  12. Develop a system for collecting and responding to testimonials and referrals

#5. Food truck

Steps to starting a food truck business:

  1. Do market research to determine if a food truck is viable within your location
  2. Decide upon your food truck concept, ensuring it meets the needs of local consumers
  3. Select your food truck business’ name, logo, and branding
  4. Write a detailed business plan
  5. Consider if you require funding to cover the startup costs of your food truck, and if so, obtain financing
  6. Check with your local jurisdiction to obtain the required food truck permits and licenses
  7. Select your food truck vehicle, either by purchasing or leasing one that meets your requirements
  8. Complete any necessary customizations for your food truck
  9. Finalize any inspections and permits to become street legal
  10. Purchase and furnish your space with food truck equipment and supplies
  11. Draft your menu and pricing
  12. Implement a mobile Point of Sale (POS) system
  13. Give your business an online presence with a website and social media profiles
  14. Invest in advertising and marketing your business

#6. Lawn care

Steps to starting a landscaping business:

  1. Choose a business name and logo
  2. Set up an email address and/or phone number for your landscape business
  3. Determine which business structure you will operate under
  4. Register your lawn care business
  5. Obtain the required licensing and insurance
  6. Establish your online presence with a website and social media profiles
  7. Determine which lawn care equipment to buy
  8. Choose a software system to manage quotes, invoices, and customers
  9. Create an equipment maintenance plan to ensure your equipment is being monitored and cared for regularly
  10. Outline the lawn care services you offer and their pricing
  11. Decide upon a budget and plan for marketing and advertising your lawn care business
  12. Collect and encourage customer reviews

#7. Clothing

Steps to starting a clothing business:

  1. Decide on your niche and target market
  2. Determine how your business will be funded
  3. Choose a fashion business structure
  4. Draft your business plan
  5. Establish your clothing business name and branding
  6. Create your website and social media profiles
  7. Think about how you plan to manufacture, stock, and store products
  8. Obtain necessary business insurance or a clothing/fashion shop insurance policy
  9. Develop your fashion designs, if creating your own products
  10. Source a manufacturer, wholesaler, or determine if you will be responsible for the entire production process
  11. Test your product and gain feedback
  12. Set your price points
  13. Create a sales plan
  14. Purchase or rent a shopfront, if required
  15. Develop a marketing plan

#8. Vending machine

Steps to starting a vending machine business:

  1. Determine if you will buy an existing vending machine business, a vending machine franchise, or start your own vending machine business
  2. Choose a business name
  3. Choose your business structure, and register your business
  4. Obtain any necessary insurance, permits, or licenses, depending on your state’s requirements
  5. Decide on your vending machine niche and target market
  6. Determine your budget
  7. Plan how you will provide customer service
  8. Choose which vending machine features will be necessary
  9. Buy or lease your vending machines
  10. Find locations for your vending machines
  11. Stock your vending machines with inventory
  12. Sign contracts with business or property owners and managers at vending sites

#9. Pressure washing

Steps to starting a pressure washing business:

  1. Build up your experience in pressure washing through practice or volunteer work, if necessary
  2. Determine your business strategy by crafting a business plan
  3. Obtain any necessary insurance, permits, or licenses
  4. Secure funding, if required
  5. Join any voluntary pressure washing associations within your state or country
  6. Purchase your pressure washing equipment
  7. Set prices for your services
  8. Develop an equipment maintenance plan
  9. Create a website and social media profiles for your business
  10. Market your services
  11. Collect and encourage customer reviews

#10. Recycling business

Steps to starting a recycling business:

  1. Do your market research to discover an underutilized niche
  2. Determine what kind of operation you will run
  3. Work out your budget and related business expenses
  4. Create your business plan
  5. Choose a business name
  6. Choose a business structure
  7. Obtain the necessary licensing, permits, and insurance
  8. Buy or lease a location to store, process, or sell recyclable materials
  9. Hire employees, if required
  10. Plan and carry out marketing activities
  11. Ensure that you continue to comply with governing rules and regulations
The step-by-step process for starting a small business
– Conduct market research
– Clarify your business idea
– Draft a detailed business plan
– Examine your finances
– Consider funding options
– Decide upon your business legal structure
– Register your business with federal, state, and local governments
– Purchase all the necessary insurance policies
– Recruit and hire a team
– Choose B2B partners
– Determine your branding
– Establish an online presence
– Market your business
– Focus on continued growth

10 Great online business ideas

The Business Idea Factory: A World-Class System for Creating Successful Business Ideas (Magic of Public Speaking)

The Business Idea Factory is an effective and easy-to-use system for creating successful business ideas. It is based on 10 years of research into idea-generation techniques used ...
AU $6.59
Buy Now
AE__amazoncomau amazon.com.au
in stock
Last update was on: August 25, 2021 1:59 PM

If you wish to start an online business, whether fully or partially, and generate revenue from online sales, then one of these online business ideas could be your calling. Online businesses offer many advantages to those wanting to start a business, as they have low overhead costs, are location independent, and are quick to set up. 

#1. Dropshipping

Steps to starting a dropshipping business:

  1. Determine what niche your business will serve
  2. Research your market
  3. Decide on your business structure
  4. Establish your business finances
  5. Choose your dropshipping supplier
  6. Determine which e-commerce platform you will use to sell products and process payments
  7. Set up your online presence
  8. Create and implement a marketing strategy for your business
  9. Assess your sales, customer behavior, and profit margins regularly to see which areas are doing well or need improvement

#2. Print-on-demand t-shirts

Steps to starting a print-on-demand t-shirt business:

  1. Choose a specific target market to cater your t-shirts to
  2. Decide on your business model
  3. Create a business plan for your t-shirt company
  4. Choose your brand name
  5. Create a brand logo
  6. Develop your own t-shirt designs or hire a designer
  7. Receive feedback for t-shirt designs
  8. Source high-quality t-shirts
  9. Determine your printing method
  10. Set up your e-commerce store
  11. Build your online presence on blogging and social media platforms
  12. Develop and implement a marketing strategy
  13. Collect and encourage customer reviews and social proof

#3. Bookkeeper

Steps to starting a bookkeeping business:

  1. Choose which virtual bookkeeping services you’ll offer
  2. Consider gaining certification in the field, if you haven’t already
  3. Decide how you’ll fund your business
  4. Choose a business name
  5. Select your business structure
  6. Register your business
  7. Obtain the relevant business licenses, permits, and/or insurance
  8. Acquire relevant contracts and agreements
  9. Invest in the required equipment and technology tools
  10. Set your pricing
  11. Create a website to advertise your services
  12. Develop and implement a marketing strategy
  13. Collect and encourage client testimonials

#4. Consultant

Steps to starting a consulting business:

  1. Assess your expertise to determine what problems you can solve for others
  2. Perform market research to your niche and target market
  3. Create a business plan
  4. Decide on a business name
  5. Register your business and apply for related business licenses, permits, and/or insurance
  6. Develop a website, blog, and social media profiles
  7. Network at events related to your target market
  8. Invest in required software and tools to run your consulting services
  9. Price your services
  10. Develop and recite your elevator pitch
  11. Create and implement a marketing strategy
  12. Gather client testimonials

#5. Sell on Amazon

Steps to starting an Amazon business:

  1. Choose a selling plan and be aware of Amazon’s selling fees
  2. Familiarize yourself with Amazon’s selling policies
  3. Determine your selling structure: Fulfillment by Amazon (FBA) and Fulfillment by Merchant (FBM)
  4. Ensure you have the necessary documentation on-hand to create an Amazon account
  5. Create your Amazon Seller account
  6. Source your products
  7. Ensure you have the necessary equipment and tools for stock management, customer service, administration, etc.
  8. Create your professional and eye-catching product listings
  9. Price your products
  10. Create an FBA Shipping Plan
  11. Market your Amazon business
  12. Advertise your offers
  13. Get customer reviews
  14. Continue analyzing your performance and focusing on growth

#6. Ecommerce

Steps to starting an e-commerce business:

  1. Brainstorm what you will sell and to whom
  2. Determine if you will sell online, wholesale, or direct-to-consumer
  3. Research your competition
  4. Validate your product ideas
  5. Source your products
  6. Write your business plan
  7. Name your business
  8. Create your branding
  9. Choose your online sales channels (i.e. eBay, Etsy, Shopify)
  10. Build your e-commerce store
  11. Determine shipping and fulfillment
  12. Establish how you will handle returns
  13. Upload your product listings
  14. Set pricing
  15. Market your store

#7. Marketing

Steps to starting a marketing business:

  1. Gain the required hands-on knowledge and experience through courses and relevant work experience
  2. Choose your business model
  3. Determine a target market and/or niche
  4. Decide what specific marketing services you’ll offer
  5. Create a website, blog, and social media profiles for your business
  6. Package your services and set prices
  7. Choose a platform to track your marketing efforts and results
  8. Gain your first clients through networking or referrals from family and friends
  9. Obtain client reviews
  10. Create and implement a marketing strategy for your business

#8. Graphic designer

Steps to starting a graphic design business:

  1. Develop a graphic design business plan
  2. Name your graphic design business
  3. Address any legal and administrative requirements
  4. Decide upon your branding
  5. Build your website
  6. Create social media profiles for your business
  7. Showcase your previous graphic design work
  8. Invest in necessary graphic design software or tools
  9. Create an invoice template or choose a method for getting paid
  10. Create a client contract to protect your business
  11. Market your graphic design services
  12. Collect reviews from clients
  13. Ask for referrals

#9. Web design

Steps to starting a web design business:

  1. Determine who your target client is
  2. Decide what web design services you can offer
  3. Name your business
  4. Address any legal and administrative requirements
  5. Create a business plan
  6. Set your prices
  7. Create a website for your business
  8. Establish a presence for your business on social media
  9. Showcase your previous web design work
  10. Implement a marketing strategy
  11. Create templates for a client proposal and contract
  12. Invest in necessary web design tools and software
  13. Leverage your existing network for potential clients
  14. Collect client reviews

#10. Lead generation

Steps to starting a lead generation business:

  1. Undertake lead generation market research
  2. Pick a niche or category of products or services you plan to sell
  3. Name your business
  4. Address any legal and administrative requirements
  5. Create a business plan
  6. Network and develop relationships with potential clients
  7. Finalize your terms, including commissions and fee structure
  8. Develop your marketing content
  9. Nurture your captured leads
  10. Track and analyze conversions
The step-by-step process for starting an online business
– Understand where the value lies in what you have to offer
– Identify your target market
– Perform thorough market research
– Identify the requirements of running your online business
– Establish your online presence and branding
– Generate marketing content
– Drive traffic
– Focus on increasing conversions
– Constantly analyze your results
– Refine your approach for continued growth

10 Great home based business ideas

The Business Book: Big Ideas Simply Explained

An innovative and accessible guide to business, management and commerceYou can achieve your business dream. Beat the odds as you learn from the best - including Henry Ford, Steve ...
Buy Now
AE__amazoncomau amazon.com.au
in stock
Last update was on: August 25, 2021 1:59 PM

As our world grapples with a global pandemic, more and more businesses are making the switch to a home-based work location with remote employees. Therefore, now is a better time than any to start your own home business venture, particularly as it is quite easy, affordable, and quick to do so. Additional perks include being able to spend more time at home with your family, as well as the flexibility that a home business provides.

#1. Candlemaker

Steps to starting a candlemaking business:

  1. Identify your target market
  2. Distinguish your brand’s individual niche
  3. Develop your elevator pitch
  4. Create your business name
  5. Establish your branding
  6. Determine your startup budget
  7. Write a detailed business plan
  8. Obtain the required insurance, permits, and licensure
  9. Source candle product supply companies
  10. Invest in the necessary materials and equipment
  11. Decide where you will sell your candles
  12. Determine how you will package and ship your candles
  13. Create your candle business website, blog, and social media profiles
  14. Develop an initial product line
  15. Set your prices
  16. Implement marketing strategies
  17. Encourage and collect customer reviews

#2. Personal trainer

Steps to starting a personal training business:

  1. Obtain the necessary personal trainer certifications, if you haven’t already
  2. Determine your target audience
  3. Choose which personal training services you will offer
  4. Decide how you will provide your services, whether online, in-person, or a combination of both
  5. Purchase the right professional liability insurance
  6. Craft a business plan
  7. Invest in the required fitness equipment
  8. Purchase business software to manage clients, services, and/or payments
  9. Develop your brand identity
  10. Establish your online presence with a website, blog, and social media profiles
  11. Market your fitness programs on YouTube

#3. Handyman

Steps to starting a handyman business:

  1. Determine what handyman services you will specialize in
  2. Decide who your target market is
  3. Determine your business structure
  4. Name and register your handyman business
  5. Create a business plan
  6. Obtain the necessary insurance, permits, and licenses to operate
  7. Consider your budget and if you require funding
  8. Define your brand
  9. Set your pricing
  10. Invest in a working vehicle, tools, and equipment
  11. Establish an online presence with a website, blog, and social media profiles
  12. Determine what apps or software you require to run your business
  13. Market your handyman business
  14. Create a tool/equipment maintenance plan
  15. Collect and encourage customer reviews

#4. Tutor

Steps to starting a tutoring business:

  1. Consider what type of tutoring you will specialize in
  2. Undertake market and competitive research
  3. Establish your tutoring business name and brand identity
  4. Plan your budget and consider acquiring startup financing, if required
  5. Determine your business structure
  6. Learn local laws or regulations surrounding tutoring
  7. Invest in necessary tutoring materials, software, or equipment
  8. Price your tutoring services
  9. Establish an online presence with a website, blog, and social media
  10. Encourage referrals from friends and family
  11. Create and implement a marketing strategy
  12. Collect and encourage client testimonials

#5. Jewelry

Steps to starting a jewelry business:

  1. Decide which category of jewelry you will make: fine jewelry or fashion jewelry
  2. Determine what niche you will serve
  3. Discover your target market
  4. Perform market research
  5. Name and register your jewelry business
  6. Obtain the necessary licenses, permits, and insurance
  7. Create a detailed business plan
  8. Establish your brand identity
  9. Create a website, blog, and social media profiles
  10. Plan where you will sell your jewelry, whether online, in-person or a combination of both
  11. Set up your jewelry studio or workspace
  12. Purchase the required equipment, tools, or software for your business
  13. Gather your design inspiration
  14. Determine how your jewelry will be produced, including handcrafted, handmade, factory outsourced, or print-on-demand
  15. Plan your jewelry designs or source a designer and/or manufacturer, if required
  16. Photograph your completed products
  17. Set your pricing
  18. Create and implement a marketing strategy
  19. Collect and encourage reviews from customers

#6. Crafts

Steps to starting a crafts business:

  1. Research market demand
  2. Determine what niche you will serve
  3. Identify your target market
  4. Brainstorm what specific products you can offer
  5. Choose and register your business name
  6. Select a business entity
  7. Draft a business plan
  8. Obtain any necessary licensing, permits, or insurance
  9. Create your craft workspace
  10. Set up your craft business website, blog, and social media profiles
  11. Determine where and how you will sell your crafts
  12. Choose how you will handle packaging and shipping
  13. Invest in any necessary equipment or tools
  14. Source high-quality craft materials
  15. Craft your products
  16. Photograph your products
  17. Price your items
  18. Devise a return policy
  19. Market your products and/or services
  20. Collect and encourage customer reviews

#7. Interior designer

Steps to starting an interior design business:

  1. Determine what services you will offer based on your specialty
  2. Decide your target personas
  3. Name and register your business
  4. Draft a business plan
  5. Consider your finances and if required, apply for funding
  6. Obtain any necessary licensing, permits, or insurance
  7. Ensure you have a dedicated workspace
  8. Establish your brand identity
  9. Invest in required interior design software programs
  10. Create a business website, blog, and social media profiles
  11. Showcase your previous interior design work with photos
  12. Set your rates
  13. Have contracts created to legally protect your business
  14. Create and implement a marketing strategy
  15. Connect with suppliers and contractors
  16. Network at interior design events
  17. Collect and encourage client testimonials

#8. Hair

Steps to starting a hair business:

  1. Further your knowledge and experience within the hair industry through related courses or work experience
  2. Perform market research to uncover gaps in the market
  3. Choose what services you will offer
  4. Identify your target market
  5. Name and register your business
  6. Obtain any necessary licensing, permits, or insurance
  7. Have a dedicated hair salon space
  8. Create your hair business website, blog, and social media profiles
  9. Find trusted hair suppliers
  10. Set your pricing
  11. Ask friends and family for customer referrals
  12. Create and implement a marketing strategy
  13. Network at relevant hair industry events
  14. Collect and encourage customer reviews

#9. Home baking

Steps to starting a home baking business:

  1. Do your research on the baking industry and what is already being offered within your location
  2. Determine what products or services you can provide
  3. Increase your baking knowledge with a relevant course, workshop, or class
  4. Identify your target customer
  5. Name and register your home baking business
  6. Choose a business entity
  7. Write a detailed business plan
  8. Obtain any necessary licensing, permits, or insurance and ensure you’re meeting state/country regulations
  9. Contact your state’s tax or comptroller’s office about tax requirements with food items
  10. Determine how you will sell your baked goods i.e. online, at markets, through local cafes, etc.
  11. Plan and customize your cooking space, if required
  12. Invest in the necessary equipment, appliances, utensils, etc.
  13. Establish an online presence with a business blog and social media profiles
  14. Set prices for your products or services
  15. Find relevant wholesalers or suppliers
  16. Create and implement a marketing strategy
  17. Ask friends and family members for customer referrals
  18. Encourage and collect customer reviews

#10. Airbnb

Steps to starting an Airbnb business:

  1. Ensure you are legally allowed to become an Airbnb host in your jurisdiction
  2. Familiarize yourself with the Airbnb Legal and Regulatory Issues and Responsible Hosting web pages, as well as your local laws relating to temporarily renting-out your property
  3. Obtain any necessary licensing, permits, or insurance
  4. Research the income potential, rental rates, and booking frequency of your property by looking at other Airbnb listings in your location
  5. Document your property with numerous photos and inventory lists
  6. List your property on Airbnb, providing as many details and eye-catching photos as possible
  7. Set your pricing
  8. Ensure property availability is up to date
  9. Focus on providing great customer service
  10. Ask for reviews and feedback
  11. Make improvements where necessary
The step-by-step process for starting a home-based business
– Have a dedicated, distraction-free workspace
– Pursue what you’re passionate about
– Embrace a low-cost business idea
– Put in the hours of hard work
– Perform thorough market research
– Choose a niche
– Test out your idea for demand and profitability
– Be present where your potential customers hang out
– Choose a catchy business name
– Register your business
– Find out about licenses, permits, tax requirements, and regulations for your chosen business sector
– Plan SMART goals

10 Great side business ideas

Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers

Business Model Generation is a handbook for visionaries, game changers, and challengers striving to defy outmoded business models and design tomorrow's enterprises. If your ...
Buy Now
AE__amazoncomau amazon.com.au
in stock
Last update was on: August 25, 2021 1:59 PM

If making the switch to being a full-time business owner isn’t possible, or desired, then you can start a side business, while still pursuing your primary job for additional income. To inspire you on your side hustle journey, we’ve listed 10 great side business ideas worth considering.

#1. Private homecare

Steps to starting a private home care business:

  1. Choose a name for your private homecare business
  2. Set up a business entity
  3. Write a detailed business plan
  4. Obtain any required licensing, permits, or insurance
  5. Attain Medicare and Medicaid certifications, if necessary
  6. Prepare your business finances or seek funding
  7. Invest in required equipment or supplies
  8. Create or purchase a policy and procedures manual
  9. Establish your online presence with a website, blog, and social media profiles
  10. Find and hire staff
  11. Create and implement a marketing strategy
  12. Connect with local facilities, such as local physicians or senior centers, to gain referrals
  13. Join relevant local groups and associations, such as the National Association for Home Care & Hospice
  14. Collect and encourage client reviews

#2. Cleaning service

Steps to starting a cleaning service business:

  1. Do market research
  2. Decide which services you specialize in and can offer
  3. Determine your target market group: consumer or commercial
  4. Obtain any necessary cleaning certifications
  5. Choose your business model
  6. Decide upon a business name and register your business
  7. Obtain any required licensing, permits, or insurance
  8. Determine if you require financing or will self-fund the business
  9. Invest in required cleaning equipment and materials
  10. Ensure you have an appropriate business vehicle
  11. Hire additional cleaning staff, if needed
  12. Set your pricing
  13. Establish an online presence with a business website, blog, and social media profiles
  14. Gain your first customers through referrals
  15. Collect and encourage reviews
  16. Create and implement a marketing strategy
  17. Join a local cleaning association

#3. Personal chef

Steps to starting a personal chef business:

  1. Perform market research
  2. Identify your target market
  3. Name and register your business
  4. Choose your business entity
  5. Obtain the required licensing, permits, or insurance
  6. Write a business plan
  7. Perfect your recipes
  8. Invest in necessary utensils, appliances, or equipment
  9. Ensure you have appropriate transportation
  10. Establish an online presence with a website, blog, and social media profiles
  11. Set your rates
  12. Create and implement a marketing strategy
  13. Collect and encourage reviews
  14. Attend networking groups or events within the local community
  15. Join the Personal Chef Association

#4. Dog walking

Steps to starting a dog walking business:

  1. Undertake market research to determine demand or gaps for the service within your locality
  2. Decide on the best structure for your company: sole proprietorship or LLC
  3. Choose and register a business name
  4. Establish your brand identity
  5. Obtain the required licensing, permits, or insurance
  6. Price your services
  7. Invest in required apps, software, or other resources needed to run the business
  8. Create terms of service agreement or contract for your clients
  9. Launch a business website, blog, and social media profiles
  10. Network with relevant local groups such as dog rescue organizations, veterinarians, pet groomers, etc.
  11. Create and implement a marketing strategy
  12. Collect and encourage reviews

#5. Courier

Steps to starting a courier business:

  1. Find your niche
  2. Choose a name for your business
  3. Set up a legal entity
  4. Obtain the required licensing, permits, and insurance
  5. Write a business plan
  6. Ensure you have a reliable source of transportation to deliver packages
  7. Invest in the right equipment and tools
  8. Set your rates
  9. Establish your online presence with a business website, blog, and social media profiles
  10. Use relevant software to keep track of customers and their deliveries
  11. Create and implement a marketing strategy
  12. Gain referrals from friends and family
  13. Connect with local businesses and the community at local events
  14. Collect and encourage customer reviews

#6. Drone flyer

Steps to starting a drone-flying business:

  1. Undertake market research
  2. Determine your niche
  3. Get certified and licensed as a commercial drone operator
  4. Familiarize yourself with local, state, and federal regulations surrounding UAVs
  5. Name and register your business
  6. Decide on a business entity
  7. Obtain necessary insurance
  8. Purchase required equipment
  9. Ensure your drone training is up-to-date
  10. Establish your brand identity
  11. Set your rates
  12. Create a business website, blog, and social media profiles
  13. Implement a marketing strategy
  14. Join relevant drone associations or online communities
  15. Collect and encourage customer reviews

#7. Painting

Steps to starting a painting business:

  1. Determine if there’s enough demand for painting in your area
  2. Identify your niche and target market
  3. Decide upon a legal entity
  4. Choose and register a business name
  5. Obtain the required licensing, permits, and insurance
  6. Create a business plan
  7. Purchase the required materials and equipment
  8. Perfect your painting skills
  9. Establish your branding
  10. Set up a website, blog, and social media profiles
  11. Set your pricing
  12. Create an invoice template and client contract
  13. Create and implement a marketing strategy
  14. Seek referrals from friends and family
  15. Collect and encourage reviews

#8. Babysitter

Steps to starting a babysitting business:

  1. Perform market research
  2. Identify your niche and target market
  3. Decide upon a legal business structure
  4. Choose and register a business name
  5. Attain certification in first aid and Cardiopulmonary Resuscitation (CPR)
  6. Obtain the required licensing, permits, and insurance
  7. Create a business plan
  8. Purchase books, toys, and other forms of entertainment for children of varying ages to have on-hand
  9. Establish your branding
  10. Set up a website, blog, and social media profiles
  11. Determine how you will be paid
  12. Set your rates
  13. Create and implement a marketing strategy
  14. Seek referrals from friends and family
  15. Connect with local parents’ groups, schools, daycares, etc.
  16. Collect and encourage reviews

#9. Home stager

Steps to starting a home staging business:

  1. Research the market
  2. Identify a niche
  3. Choose your business name and structure
  4. Obtain the required licensing, permits, and insurance
  5. Create a business plan
  6. Establish a brand identity
  7. Consider taking an interior design course for credibility
  8. Prepare a portfolio of homes you’ve staged
  9. Invest in necessary decor items and equipment
  10. Obtain storage space, if necessary
  11. Set your pricing
  12. Create a website, blog, and social media profiles
  13. Implement a marketing strategy
  14. Network with real estate agents who can be a good source of clients
  15. Connect with local businesses such as furniture rentals, painters, florists, etc.
  16. Draft contracts and invoice templates for clients
  17. Collect and encourage reviews

#10. Lawnmowing

Steps to starting a lawnmowing business:

  1. Research what existing lawnmowing businesses exist in your local area
  2. Identify a gap in the market
  3. Choose your business name and structure
  4. Obtain the required licensing, permits, and insurance
  5. Create a business plan
  6. Establish your brand identity
  7. Take professional landscaping/gardening courses or perfect your lawnmowing with work experience
  8. Ensure your vehicle is appropriate for your business
  9. Invest in necessary tools and equipment
  10. Set your pricing
  11. Create a website, blog, and social media profiles
  12. Implement a marketing strategy
  13. Seek referrals from friends and family
  14. Network with relevant local businesses, such as lawn care equipment suppliers, landscapers, etc.
  15. Draft contracts and invoice templates for clients
  16. Collect and encourage reviews
The step-by-step process for starting a side business
– Focus on your ‘why’
– Identify where your passions and your talents meet
– Dedicate time within your schedule
– Put in hours of research
– Determine your earning potential

How to successfully pitch your business idea

Successfully pitching your business idea is essential for gaining the support of investors required to get your business off the ground. Here are our tips for pitching your business idea to investors:

#1. Create your ‘elevator pitch’: Be able to summarize why your business exists, what it does, and what is unique about it within just 30 seconds. The quicker you can explain these elements to someone, the higher your chances are of getting them on board with your idea. 

#2. Provide impressive evidence of your market research and cash flow: investors will want to see proof of your ability to trade, as this goes a long way in convincing them that your business idea is worth supporting. Relevant market research provides evidence of profitability, while healthy cash flow instills confidence about your financial stability.

#3. Showcase your business experience and skillset: Investors will also want to see evidence of your previous business experience, particularly relating to management or time spent working within the same or a similar industry. Additionally, if you have expertise within areas such as sales, operations, accounting, marketing, or more, now is the time to state this.

#4. Include realistic revenue forecasts and data to back them up: Typically, investors will want to see three different types of revenue forecasts, including a worst-case, expected-case, and best-case scenario. Don’t forget to provide evidence of how you reached these figures, including competitor analysis and market research. 

#5. Keep start-up costs at a minimum:  Demonstrate that you’re good at controlling finances by keeping your initial costs as low as possible in the beginning. A business in its first stages won’t need the most expensive equipment, salaries, or locations to begin with. 

#6. Start small and successfully with your operations: Before focusing on acquiring investors for business growth, it’s recommended that you first focus on creating the proof that you can actually deliver business success. Begin on a small scale, such as providing a small number of customers with your products or services. This allows you to collect testimonials too, which may be used in your business pitch.

How to get funding for your business idea

Even if your startup is low-cost and bootstrapped in the beginning, starting a business often requires funding from at least one other source to help you prosper.

Here are six potential avenues of funding for your business idea:

#1. Friends and family: Asking your loved ones for money can be daunting, but it’s often one of the first places a startup will gain some financial support – no matter how big or small. Just be sure to stipulate whether the financial assistance is a gift, loan, or investment, and draw up a contract where necessary to prevent any misunderstandings.

#2. Microloan organizations: If you only require a small loan, such as up to $5,000, then a microloan can come in handy. Microloan organizations loan small amounts of money to new businesses and low-earning entrepreneurs but be sure to thoroughly check out their terms and conditions to ensure you qualify.

#3. Crowd-funding sites: If you’d like to try your luck at receiving funding from everyday individuals online, then a crowd-funding site such as Kickstarter or IndieGoGo could be worth a try. Start by setting up your campaign, choosing your target amount of money, and creating incentives for donors.

#4. Traditional bank loans: If you require funding between $5,000–$500,000, then a traditional bank loan can assist, particularly if your business is already gaining success. Bank loans often have stricter requirements than alternative lenders such as microloan organizations, so keep this in mind.

#5. Angel investors: These are wealthy businessmen and women who invest their own money in your business, while also providing support during the crucial first stages. They are often entrepreneurs themselves, and will sometimes gain ownership equity or convertible debt in return. Check out the Angel Capital Association to connect with potential angel investors.

#6. Venture capitalists: If you’re seeking a large amount of funding, such as over one million dollars, then a venture capitalist might be necessary. These private equity investors are mostly interested in businesses demonstrating high growth potential, as they will want a return significantly higher than their original investment, often in a short time frame of just a few years.

Conclusion

Many of us dream of starting our own business one day, but with this highly-practical guide detailing the step-by-step instructions for 40 different business ideas, that “one day” can be today.

While it can be daunting to think about the various tasks required to launch your own venture, we’ve broken each step down to show you that, with the appropriate plan in place, you can do it. Best of luck on your small business journey!

Join the discussion on connect.worrq.com

We will be happy to hear your thoughts

Leave a reply

Community

For Professionals

For Businesses

We support and nurture talent. Learn new skills. Share your expertise. Connect with experts. Get inspired.

Community

Partnership Opportunities

worrq.com
Logo
Compare items
  • Total (0)
Compare
0