More and more seniors are wanting to avoid nursing homes in lieu of staying in their own homes. Offering non-medical home care by assisting the elderly with regular daily tasks could be rewarding and profitable.
With social media at your fingertips, this is the single best time to build a brand online. It wasn’t that long ago that you needed to hire a PR agency to create brand identity and awareness. But now, if you are determined and diligent enough, you can build a brand by creating quality content every single day and leveraging social media outlets to attract and engage an audience.
As your business evolves, so will these procedures. Once it’s time to hire, this will make the transition easier, keep you organized and prevent you from scrambling to figure out what works all over again while in the middle of boarding on someone new.
Kerry Hannon, AARP jobs expert, is the author of What’s Next? Finding Your Passion and Your Dream Job in Your Forties, Fifties, and Beyond and Great Jobs for Everyone 50+: Finding Work That Keeps You Happy and Healthy … and Pays the Bills. Follow her on Twitter @kerryhannon.
If you are in a climate that consistently gets a lot of snow each year, then this could be a good business. But if the snowfall is inconsistent, you could get stuck with having a nice new snowplow and truck, but no business.
CT Tip: Even if your planned business does not run afoul of your local government’s zoning restrictions, you might be violating the terms of your Home Owner’s Association (HOA) agreement. Originally confined to condominiums and cooperatives, many single-family communities now have HOAs that govern what residents can, and cannot, do on or to their property. It may be necessary to get an exception or waiver of the rules.
Investment: It’s a lower-cost alternative to starting a brick-and-mortar restaurant, as there’s less overhead, but you can still expect to shell out a decent amount of money to purchase a truck and cooking equipment.
You could find some space on a busy street, perhaps in a resort area, and equip it with arcade games. But I would try instead renting a cool collection of arcade games for parties. The overhead is less, you could start out with just a few games, and you know how much money you will be making before you go to work!
My cousin worked for a jet ski rental firm in Sarasota Florida. Was that a fun job! Problem was that now and then when people panic on a jet ski, they will run it right into another boat! So, try to avoid renting jet skis in a busy boat anchorage and make sure your customers are confident operators before you set them loose!
This is a good solid service business. But it is competitive, you need to have fully qualified service providers, and you need to look into licensing. No matter how good a service you run, when you deal with the elderly especially there is always legal risk. You can mitigate the risk by incorporating, by getting insurance and by being sure your staff follows accepted medical protocols.
If I missed any good ones, please share your best side business ideas in the comments below! If you’re ready to start a business while you’re still working full-time, join my free course, Find a Profitable Business Idea.
There are plenty of local small businesses that still do not have a website. To overcome this you could start an e-commerce store that sells local products. You could sell to the local community but it could also appeal to a wider audience. You could work with local business owners and negotiate commission for sales you make
Multifunction Printer: Most printers today are also outfitted with scanning, copying and faxing functionalities, so you can purchase one slightly more expensive machine instead of four separate ones. When looking for printers, take into account the cost of the ink as well. Depending on your business needs, you may not need a full color printer, and this can end up saving you a lot of money over time. If you have a high volume of items to print, consider investing in a laser printer or something with a higher speed. Also, keep in mind that when the need for major print jobs arise (i.e. a lot of copies, full color), you can outsource it to your closest office supply store or Kinko’s.
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Part of the reason is that I often want a great breakfast later in the day and yet I frequently can’t find a convenient place to go. Also, breakfast foods cost little money, allowing for higher markups. And breakfasts are easier to prepare than gourmet dinners. Also, this kind of restaurant would potentially be busy for many hours during the day.
Sales tax registration. If you sell tangible goods—even online—you may need to collect sales tax from your customers. Plus, many states tax a wider variety of services than they have in the past, so you may need to collect sales tax if your business is a service business. If you are required to collect sales tax, you will need to apply for a tax permit. (In most states, you must have registered before your first sale is made.) You can obtain more information from your state’s department of revenue website.
Anyone with a knack for style and design can offer interior design services to clients. And it isn’t a requirement to have a separate office. So you can do much of the brainstorming and administrative work from home.
A perfect example of this is if you make specialty cakes and, because of the extreme designs, sizes and amazing flavors, people are willing to pay you $350 per cake. However, due to the work that goes into producing such amazing cakes, you are only able to make one every week which brings your profit to $1400 a month minus the cost of your supplies.
Nothing beats playing your favorite game. But getting paid for coaching a sports team and staying close to the action is the next best thing. Not only will you learn new skills, you’ll earn money getting your team into shape with this side business idea. The median pay for sports coaches clocks in at $30,400 according to the US Bureau of Labor Statistics. Expect to have only a slice of that if you’re signing up for part-time coaching as a side business idea only.
Have a knack for staying organized? If you’re a jack of all trades, you should consider working as a virtual assistant as a side business idea. You can find great gigs on Elance, Indeed, or Upwork. It can be an awesome way to rub shoulders with some very important people, build up your professional network, develop in-demand new skills (like creating GIFs and VR videos), grow your side business idea and you’ll have the added perk of being able to start this as a home based business idea. Becoming a virtual assistant can be a particularly great side business idea if you’re hoping to travel the world while making money online as a digital nomad.
But if you get the green light to do it, starting a catering service is a relatively low-overhead way to create a new business. It’s a lot of work, but if you enjoy cooking, it could turn into a lucrative and fulfilling career. To get started with minimal investment, you could first cook in your customers’ homes and use their dishes. Also, a narrow specialization on a particular type of cuisine or event may help you attract clientele as you work develop a strong customer base.
Interested entrepreneurs can either open a franchise from an existing vending machine business or sell vending-machine friendly products to help stock up schools and offices with healthier, affordable snacks.
Drones are scorching hot right now. In fact, drone sales boomed from 224 percent in 2015 to 2016 to almost $200 million. As Susan Ward writes for The Balance, “Drones are rapidly becoming an indispensable tool in a variety of industries.” If you want to capitalize on this trend you could start a drone-based business such as sales, customization, repair, training, photography, mapping, surveying, or security surveillance.
Driving for one of the two globally expanding app-centric taxi alternative services, Uber or Lyft can still be a fairly lucrative way to earn money as a side business idea on nights and weekends—working only when you want. But before you dive head first into this side business idea, do your homework and calculate the costs of extra gas, mileage, tires, wear & tear and usage on your vehicle—it’s not a guaranteed business idea that’ll turn a huge profit every weekend.