After you’ve secured some financing and developed your business plan, you’ll need to focus more intently on the details relating to your business. One of the key pieces to setting up your home-based business legally is determining what licenses or permits you may need.
General business license. The jurisdiction where your home is located is likely to require a general business license. This license serves a two-fold purpose. First, licensing protects the residents of the city or county by identifying businesses operating in its jurisdiction. Second, licensing raises revenue for the local government. For this reason, most general business licenses must be renewed annually.
The first thought that comes to mind for mobile hair salon is that you save the overhead of having a storefront location. However, you are also offering a convenience for your customers. Assisted living facilities and senior citizens trying to minimize trips out of the home will especially appreciate mobile hair salon services.
This is a beer lover’s dream and sounds perfect for someone who’s already brewing beer at home. However, opening a brewery isn’t easy. Consider connecting with some brewery owners for advice, tips and guidance to see if this is a path you really want to take.
One of my friend’s mothers who had performed as a Radio City Rockette, founded a highly successful dance studio for young girls. She was successful enough to rent large commercial space, but this is a business you may want to start in your home.
Will I need to change my buildings and contents insurance? You must consider it. Check the terms of the policy, because if you don’t, there is a risk that your building and contents insurance could be invalidated. If the policy prohibits business use then you will need to ask for consent from the insurance company. Depending on the nature of the business, you may also need to consider employers and/or public liability insurance to deal with employees or third parties, for example, covering the risk of them injuring themselves in the property.
More and more businesses are allowing customers to order products online, such as your local grocery store or pizzeria. Not all of them, however, deliver. That’s where you can into play. You can deliver these products.Or, you could start your own business like Door To Door Organics – which is an online grocer of natural and organic products that’s delivered to your home. The company started in 1997 for just $700 and is posting around $40 million in revenue.
Potential challenges: Insurance is a must with this business, given the risks of injury to yourself or employees, or the possibility of damaging appliances. You might also face competition from established appliance repair businesses.
This is a really big business that you probably don’t think about a lot. On the high end are the museums. For example, in Boston the Museum of Fine Arts performs art restoration services for other institutions. Then there are the serious individual collectors. Then there are people who just want their old family portraits touched up…and that’s the part of the market you will first want to focus on if you don’t have a lot of expertise.
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Many small companies simply don’t have the time or staff to properly run their billing operations. That’s where entrepreneurs who want to offer invoicing, bookkeeping, human resources and other clerical services to business owners on a contractual or part-time basis come in. With just a laptop and a few clients, you can get the ball rolling from home.
Early childhood learning seems to be the rage. Even many games have an educational bent. With such high interest this is a competitive space, so you need to specialize. Perhaps specialize in children with learning disabilities, slow learners, creative play, or “gifted” kids.
Hello Nicholas I would very much like to learn about public speaking sir. I believe every human has the same abilities as gods but we just don’t know yet. I want to give people facts to why i said so and share some ideas that could help change someone’s life no matter where they’re from. Please teach me sir My Facebook name is Tony Mengot and twitter ID: @tonymengot1
A money broker is basically someone who arranges short-term loans to people. A common variant on this is “pay-day lending” where businesses lend money to people who are typically looking for funds to hold them over to the next paycheck. These are usually storefront locations, closely regulated and not allowed in all states. This can be a solid business, but the regulatory climate is shifting against these businesses, so evaluate the risk of future regulatory changes, before hanging out your shingle.
After you’ve obtained the proper licenses and permits, this is a business that you can start at your home. In areas like Silicon Valley and D.C., this is a lucrative business. If you don’t want to run a daycare out of your home, you can still start a childcare business like being a babysitter, nanny, au pair, or tutor.
Because a home-based or online business operates with the goal generating revenue by selling goods or services to the public, most of the rules designed to guard the public and collect tax revenue apply. This includes obtaining an array of business licenses, permits, and zoning approvals, as well as incorporating or forming an LLC to operate your business legally, protect your personal assets, avoid fines and penalties, and boost your business credibility.
If keeping your home organized comes naturally and you enjoy helping other people, consider becoming a professional organizer as a side business idea. As the need for baby boomers to start downsizing grows, you can use your organizing and decluttering skills to start making an industry standard $50-125 an hour with very little startup costs and some free expert advice from Jen Kilbourne. Believe it or not, pro organizers don’t just work with hoarders. More and more people are hiring professional organizers in order stop wasting time and money due to the stress of everyday disorganization. What’s even better, is that you can take this on as a side business idea during the nights and weekends when your clients will be at home.
This is a great part-time business because you decide when you want to work. And except for work requiring licenses, you can decide how much work you want to contract out and how much you want to do yourself.
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.
The entire productivity market was missing a reliable and trustworthy virtual assistant service. There were resources to find freelancers, but the time and effort spent to find a quality freelancer at a reasonable price far outweighed the reward. There was an opportunity to fix this pain point with reliable, vetted, and quality-guaranteed freelancers.
You have an eye for clothes and know what styles look best on what body types. So turn your passion for fashion into a business by becoming a personal stylist/shopper. You’ll feel good about making others look great.
Everyone loves a well-built and handmade piece of furniture. If you’re already spending time in your workshop, why not sell your wares? Etsy is an excellent place to start selling without having to have a physical storefront.
Got a thing for numbers? Plenty of companies need to hire talented contractors who are good at data analysis, making this a potentially lucrative side business idea if you have the right credentials and experience. Platforms like Upwork and Digiserved are but a two of many websites that are great for freelancers with an analytical prowess, looking for extra work as a side business idea around their full-time jobs.
Valentine’s day. Birthdays. Weddings. The list goes on and on—throughout the course of a year, there are dozens of occasions when people need to order flowers. What’s more is that once you’re up to speed with this business idea, your costs can stay relatively low if you know where to source your flowers, and typical margins are in the neighborhood of 300% (or more) on cut flowers which makes this a particularly profitable side business idea in the right geographic area. Check out this amazing interview with floral designer, Sara Tedford of Ladybird Poppy to hear about how her floral design company started out as a side business idea of doing weddings and events for her friends and family.
When I was promoting my job search books I started to put up advertisements on bulletin boards around local colleges. Then, seeing my advertisements people who were running bulletin board services called me, and I hired them to do the work for me instead. You can either offer your services putting up notices for clients on public bulletin boards, or you can get more sophisticated and develop proprietary bulletin boards that you get local businesses or organizations to agree to display for you. For example, you could list tourist attractions and post the bulletin board at local hotels.
Werewolves, step-brothers, and tentacles—the demand is high. As odd as it may sound, if you’ve got the imagination (and a clever pseudonym), you can make upwards of $5,000 a month writing erotic fiction in your free time as a side business idea.
Online Post Office: Believe it or not, your business will not be 100% digital. There’s a very good chance you will need to send paper statements, invoices, presentations or more to your clients and vendors. Instead of venturing out to the post office every day, it might be worth investing in a postal scale so that you can weigh your packages from home. Online services, like Stamps.com, allow you to also print out the exact postage you need, making a visit to the post office unnecessary. You can evenschedule pickups with the United States Postal Service at your home.
Pet sitting usually involves going to someone else’s house to take care of furry loved ones. Pet sitting could even involve living in someone’s house while the client is away. You have to think about the types of services you’ll provide and the types of animals you’ll take care of, but generally pet sitting is a low-cost, high-pleasure business idea.
Set up your home office. To work effectively, you’ll need to have a dedicated business space within your home. If you work locally, this is also your commercial space. You’ll need to create an area separate from family members, pets, and other distractions. If possible, separate this area as much as possible from the rest of your home. The physical separation will help create mental separation between your home life and work life and also make the tax deduction for a home-based office less subjective.
You should also consider home owners’ associations in your neighborhood and consider the potential impact of your business on neighbors, especially if the business will increase traffic or noise in the neighborhood.
Another option is cleaning offices. One friend in Boston built a highly successful cleaning business focusing on small businesses. They trusted him with access to their businesses at night and were willing to pay him a hefty premium. He worked just 4 or 5 hours a night and made a very healthy living.
So happy to see Jam Maker on this list. I recently started my own business making and selling unique jams and jellies online. I never knew I was trendy. Many good ideas on here. I’ve only just started to make the break from traditional work force, but believe it is the best decision I’ve made in a long time – though I still haven’t fully quit my day job.