So many people dream of starting their own business, and for a good reason. You’ll need not be afraid of failure, be clear on what you want to achieve by when, and start a coherent business plan. If you’re stuck for a concept, here are some entrepreneur ideas to start a business.
Start a Business with These 5 Entrepreneur Ideas
Entrepreneur Ideas to Start a Business: Cleaning Business
Starting a cleaning business doesn’t have to cost much money, so it is a great way to become a business owner with little expense, especially if you’re prepared to get your hands dirty and do the work yourself. A little outlay will be needed for equipment, products, uniforms, marketing, business registration, and insurance.
You can take your business in various directions or focus on one particular clientele. For example, residential clients, retail (restaurants and shops), businesses (offices, and warehouses). Commercial cleaning business earns the most money, which can easily be around $100,000 per year.
Entrepreneur Ideas to Start a Business: Accountant
Anyone who loves paperwork and numbers, and has an eye for detail, accounting or bookkeeping is a profitable business that can earn a solid income. The average salary for accountants is around $70,000.
The U.S. Bureau of Labor Statistics reports the growth rate of jobs faster than average, predicted at an 11 percent increase between 2014 and 2024.
Training will be required, including a Bachelor of Science in Accounting and certification, but this can lead to careers in accounting, bookkeeping, financial auditing, tax filing, and consultation on the best way to use company funds. This diverse range of avenues makes accounting a big entrepreneur idea to start a business.
Entrepreneur Ideas to Start a Business: Jewelry Making
If you’re crafty and love designing, you can go to trade school to learn the art of jewelry making. Some people use computer-aided design tools, and some bring their designs to life by drawing. Materials can also vary from precious metals to gemstones, wood, plastic, and even recyclable materials.
While there’s no educational requirement, if you want to learn via an apprenticeship or work experience, a high school diploma will likely be needed to get the role.
Although the job outlook is on the decline now, it could be a skill that has much potential, even as a sideline or paying hobby. The sky’s the limit on success, really, and if you create a great product and brand, you could end up opening your own stores or selling to department stores, or have a large online presence.
Entrepreneur Ideas to Start a Business: Event Planning
Many people spend tens of thousands of dollars on parties, weddings, and other large events like corporate seminars and product launches.
If you love to organize things and have good attention to detail, you can earn decent income planning events. The U.S. Bureau of Labor Statistics records meeting, convention, and event planners’ average income as $50,600, and growth is much faster than average.
Combined with party rentals, you can purchase and hire out party items like chair covers, flower arrangements, table cloths, glassware, banners, and signs for a greater return on your investment. You will need dry and clean storage space for your party items, but you can start with a small amount or concentrate on one or two products and store them in your home.
The business can expand geographically or by diversifying events and rental products.
Whatever you decide to do to earn an income, make sure it’s something you enjoy. After all, if you love your job, you’ll not work a day in your life. There’s a plethora of advice on the internet to help guide you through the steps on how to open a business legally and how to achieve the training or experience.
What other entrepreneur ideas to start a business can you share with our readers? Let us know in the comments section below.