We all want to have a business and be our own bosses. But many of us don’t know where to start, especially if we lack the financial resources. If this is you, here are three ideas you could consider.
Storage and Delivery Services
When starting a new business, one of the biggest worries many entrepreneurs have is having the right amount of money to realize their dreams and push their companies forward. Of course, if you don’t have any money, you might also stick to your day job, save up a bit, and then go independent. Chances are, this route will give you the financial stability you need and the time to think well and decide what industry or area you would like to move into.
Still, going into business for yourself doesn’t have to be a costly proposition. There are certain avenues you can take that are not only profitable but also require an investment that will not leave you in debt for the remainder of your life. One of them is the provision of storage and delivery services. There are several reasons for this.
First, storage and delivery don’t require the creation of a new product or service. Instead, you are working with a network of suppliers, vendors, and other types of manufacturers. Second, unless you store food, there are few to no specific requirements for temperature and storage conditions. Finally, it is a business where all you need is a bit of space, one or two vehicles depending on what you want to transport, and a lot of hard work.
So, find a warehouse that matches your needs, get a few order pickers that are on sale, forklifts, or walkie stackers, and set up your enterprise. There is no time to waste.
Online Education and Consulting Services
The COVID-19 global pandemic has taught all of us many things. It has highlighted the importance of personal hygiene and cleanliness. It has also forced countries across the globe to work together and cooperate in the proper management of the virus. In addition, it has lead people to understand that our actions and decisions have an enormous impact on our world. Finally, it has created a need for flexibility and open-mindedness. It is in the latter one that we will focus on.
To thrive, let alone survive in the current market environment, a business needs to understand that traditional corporate practices can no longer be applied. A few of the biggest examples are forcing employees to go to the office daily or having face-to-face meetings with coworkers, bosses, and clients. Rather than engaging in these and other activities that put people at risk, they need to do as much as they can remotely. They need to do it online.
This shift in perception opens up opportunities for people with professional skills, no matter the area or scope. If you are an expert in a foreign language like Spanish, Japanese, or Chinese, you can offer your services online to private students, corporations, and educational institutions for kids. The same goes for any other ability like cooking, web design, back-end network engineering, or financial consulting. As long as you have a stable internet connection and access to video-conferencing software, you are good to go.
Home and Personal Services
In the 21st century, men and women in developed societies are busier than perhaps ever before. Along with juggling work and their personal lives, they need to raise kids, look after parents, take care of pets, build social networks, and stay healthy and fit. We live in a day and age where time is both our most precious asset and our most limited commodity. As such, individuals all across the globe are willing to pay to have more access to it, and therefore, maximize it in doing what they value most.
As a result, starting a home or personal service business is an excellent option. For instance, you could focus on cleaning or landscaping services for houses, ranches, country homes, and even condominium units. You could also look into plumbing or ventilation projects for individual households or dedicate yourself to home restoration, furniture arrangement, or interior design.
As for personal services, a fantastic choice would be to set up an enterprise that provides errand-running for busy people or personal assistants. For the former, services include doing their laundry and paying their bills. For the latter, you could work in appointment setting or schedule management.
Three excellent new business ideas are the storage and delivery of goods, online education and consulting, and home and handyman personal services. These are all great options that don’t require a large initial investment. Even better, they are in high-growth industries that are expected to prosper in the years to come.