Table of Contents
How often do you hear about young people running their own businesses? It is becoming more common lately. Running an entrepreneur’s business is not as easy as you might imagine. You need a certain skill set that makes you capable enough of running a profitable business.
The most successful businesses require some of the best entrepreneurship skills to solve a certain problem. This can be as simple as babysitting the neighborhood children, providing water to thirsty travelers on a journey, becoming a property manager, starting an event planning business, or basically, offering services for things you are good at. Your business idea can be your earning potential. If you are good at something, make extra cash from doing it.
Entrepreneurship is a journey filled with challenges and opportunities. Whether you’re starting a small side hustle or aiming for a large-scale enterprise, it’s important to have a clear vision and a well-thought-out business plan. Along this journey, you may face hurdles like competition, financial constraints, or marketing struggles. This is where business consulting services can play a crucial role in your entrepreneurial success.
There are many business consulting services available, such asย Jelvix, which specialize in helping entrepreneurs develop, refine, and optimize their business strategies. These consulting firms offer invaluable expertise, guidance, and resources to ensure your business thrives. They can assist with market research, financial planning, technology integration, and overall business development, all of which are essential components for a thriving business.
What is the Best Business Idea to Make Money?ย
In the business world, you can make a lucrative idea from any business idea. What you need to do is identify what is missing in your locality, advertise your services and start working. Some of the best entrepreneurs and business owners are also responsible for planning, managing, and making the most of their business.
Problem-solving skills are required so that they can build strategies and relationships to become known as the top entrepreneurship business. They have to be accountable to themselves so that top-notch quality goods and services are produced consistently.
Low-Investment Small Business Ideas
Small-business ideas are good starters for startups or anyone with a busy schedule. You have to build an identity,ย put time into marketing, choose some winning marketplace business models and provide outstanding customer service. It’s possible to get rid of expensive startup costs such as the initial inventory, transportation, and retail space.
To run some of the best entrepreneur startups, here are some skills you must have: management and planning, relationship management, strategic thinking, communication, accountability, and confidence. A good entrepreneurship idea will fail if you do not execute it properly.
Here are some entrepreneurship ideas that could be incredibly successful:
1. Computer Repairing
Some kids are tech geniuses. If you have such a child in your home, one entrepreneurship business idea that you could encourage is a computer repair service. In 2010, 81 percent of Americans already had access to either a handheld computer, desktop, or laptop. 11 years later, we are sure that this number has skyrocketed.
If your child has a knack for technology, he can start repairing computers on the side with low startup costs. This low investment venture will help your young one generate extra cash. The best part about this entrepreneurship startup idea is how flexible it is.
The business can also be expanded by incorporating a shop that takes in old computers to resell and refurbish them. Your child can also work remotely- all he has to do is troubleshoot computers. Another way to expand this entrepreneurship startup idea is to go old school and make house calls!
2. Making Handmade Presents
This is a great business idea for young people who have a creative eye. Those individuals who feel like they have an eye for pretty, unique things can start minting money by making homemade presents. There is nothing better than a personalized gift, right?
ย
This business concept is very simple because a homemade present can include anything- that’s the beauty of it! You can make whatever you think you’re good at, whether it is a notebook, quilt, cookies, soaps, soups- you name it.
This business can especially become popular during the holidays. Encourage your children to make some money from their skills. After all, if they are good at something, why not add a little encouragement by introducing the concept of earning money? You never know- this could turn out to be the best entrepreneurship startup with little or no startup cost.
3. Gift Wrapping
This sounds pretty ordinary but can turn into one of the top entrepreneurship opportunities. The truth is that some people really cannot wrap gifts to save their lives. However, others can wrap them so tastefully and beautifully that tearing off the wrapping paper is almost painful.
ย
In today’s world, gift wrapping has become a real skill. It is a small entrepreneurship business idea with loads of growth potential. The best part is that this is not a seasonal business. Even though there might be a spike during the holiday season, people need gift wrapping services for birthdays, weddings, housewarming, and childbirth.
Of course, if you want to fall into the most popular entrepreneurship business category, you will have to step away from the basic foil paper and curly ribbons. Instead, consider hand-painted customized wrapping paper in pastel and bold colors, or wrapping presents in a way that portrays the theme of the present itself. Sounds like a successful entrepreneur business idea to bring in extra cash flow, doesn’t it?
4. Pet-Sitting service
Pet sitting sounds similar to babysitting, right? This is a different entrepreneurship idea that can come in handy. Pet sitting and dog walking is a legitimate concern for many pet owners, especially those who travel for business purposes or those planning a family vacation, is what to do with their pets. Of course, while they are away, the pets still need to be fed, walked, and looked after.
ย
This is a simple business idea for an entrepreneur. Youths can also opt to do this job as it does not require too much effort or capital. Younger kids are great with pets and animals. They make loving caretakers who can take any pet walking every day, can feed them, and provide grooming services.
Pet sitting services allow families and individuals to travel in peace, knowing that their precious animals will be well looked after in their absence. It is also a good way to get extra money; as usual, people are desperate for such services and will pay whatever amount as long as they can travel without any stress.
5. Social Marketing
One of the top 10 entrepreneurship ideas is social marketing through social media. In a world where everything is more digitized, social marketing is a good entrepreneurship business idea for any successful business. It can turn into a booming business for entrepreneurs, especially young entrepreneurs!
Youngsters spend most of their time on social media, so why not make some money off it? Older people are also on social media. This means you can advertise to be a dog walker and get offers from dog owners. Senior citizens with not much energy left to take their dogs for walks will happily contact you. If you are looking for an entrepreneurship new business idea, this is it.
Encourage young people to create content for a service, cause, or product. Let them search for whatever they feel most passionate about to start an online business. There’s plenty of fish in the sea, so this should not be too difficult. Once they can attract others to their cause, all they need to learn are some basic social media and internet marketing tricks to bring their online business idea to light.
This online business idea will skyrocket as soon as bigger multinationals discover these young entrepreneurs and take them on board to market their products. They will also continue earning passive income from affiliate marketing if they join affiliate programs. When one is using social media, there are endless ways of starting successful businesses.
6. Baking
People love to eat. It is what gets them through the day. If you are looking for a small entrepreneur business idea, baking stuff could be your calling. It doesn’t have to be cookies. It can also be cupcakes, pound cakes, zucchini bread, and even savory items like lasagna and spaghetti. This small business idea offers a good earning potential, especially since baked goods don’t require a lot of effort to make and are easy to transport and even sell.
ย
All you need to do is make sure you get top-quality ingredients for the lowest price to help reduce a startup cost. Buying them in bulk will help bring down your costs. To invest minimal time, the trick is to streamline the process of production. Your social media presence will also help you market your products and reach a wider audience. After all, a small entrepreneur idea can turn into something big one day. For now, young entrepreneurs must learn to manage their studies with a side job.
7. Setting up Devices
If you are tech-savvy and you see someone fiddling with their gadgets cluelessly, approach them and offer them your services at affordable rates. your potential client will most likely agree and you will be able to earn extra cash.
Have you ever been to an Apple store and felt instantly overwhelmed because you have no idea how to use the devices? You look over to your left, and you see a small child effortlessly scrolling through the phone. Wait, didn’t the two of you walk in at the same time? How does the kid magically know exactly what to do while you can’t figure anything out?
The youths and children of today are more tech-savvy than adults- yes, it’s the truth. It’s almost as if they are born knowing how to download things and make their way from one application to another. This might annoy parents who can never seem to get their kids off certain gadgets. However, this is a skill to master as it can turn into a profitable and cool entrepreneur idea.
A life coach will help mentor your child and show them how to earn from their talents. Initially, you can look for a prospective client for your business idea by making home calls. With sheer determination and hard work, your enterprise will fall on the list of successful entrepreneur businesses.ย
8. Creating Local Jewelry
Local jewelry has lately taken the world by storm. It is a unique entrepreneur business idea that has minimal chance of failure. With so many options, ideas, and inspirations available via Pinterest, jewelry designing is among the top 100 business ideas for young entrepreneurs.
Of course, you need to ensure that you look at your target audience and produce pieces that fall within the budget. Even though you want to build a brand name, keeping overpriced jewelry is not a good idea, especially if you are just starting because it will scare potential clients away.
ย
You don’t have to make complex jewelry like rings or necklaces. Instead, you can opt for wooden beads, thick ropes, painted glass, and even hemp bracelets. Recently, astrology jewelry has become extremely famous as people become more and more interested in constellations. What better entrepreneur home business idea to have? You can also set up pop-up stalls now and then at local shows or bazaars.
9. Making Gift Baskets
If you’re still not satisfied and are thinking, โwhat are some good business ideas?โ don’t lose hope. We promise that in this article, you will find something that calls out to your interests. One thing that most creative people love doing is organizing and this idea will fit perfectly with small business owners. If you are someone who loves giving presents to your friends and enjoy collecting different things, making gift baskets may be good for you.
ย
To do this, you need to identify what your market wants. However, that’s not the only thing. You also need to figure out new and unique ways to provide your service. Of course, the contents of the gift basket need to be customizable so that people can choose what to put in, depending on the occasion.
You can also stock up some pre-made baskets for special occasions, such as birthdays, anniversaries, childbirth, apologies, and even job promotions. As the holiday season approaches, start making baskets for Easter, flower bouquets for Motherโs Day, Christmas, and New Yearโs. If you are looking for business ideas to make money, this could be your calling. Many people will be happy to support a local business with unique gift baskets.
10. Building an Online Presence
You’d be surprised to know that some small entrepreneurship ideas start from building an online presence. Before you start to underestimate this, give it some thought. Whether you want to become a model for clothes and jewelry, review the best food places in town, or even review the latest gadgets- your options are endless. If you are someone who is social media savvy and has brilliant communication skills, this could be a great idea for entrepreneurship.
Many people earn via YouTube, Facebook, and Instagram. The more followers you have, the more reach you gain. Once you have enough reach and your followers cross the 1K mark, you will start to grow rapidly. Soon enough, other businesses will be sending you their products to review and post so that your followers can know about their business. Not only does this encourage other businesses to hire you, but it also means that you get a bunch of free products. Who wouldn’t want that?
Your online presence could also help your online working business venture. you could be a virtual assistant to a big or small company and work remotely, you can also be a graphic designer and offer graphic design services remotely for your customers and get extra money.
Another way to earn money online is by offering writing services to your clients as a freelance writer and offering writing skills. content marketing is a sort after skill that will surely offer you extra cash.
All these services have small startup costs if any. Good stable internet and a computer will help you establish your online presence authoritatively while earning extra cash.
11. Event Planning
Looking for one of the most profitable business ideas? Becoming an event planner! Event planners can find business anywhere, any time. All you need are good organizational and communication skills. The truth is that most people are extremely co-dependent on vendors. They wish to hire someone for the simplest setup because they do not have the time, creativity, or effort to do the work themselves. But, who’s complaining? That just means more business for you! Event planning can be for birthdays, anniversaries, graduation parties, and of course, weddings.
The best part is that you only need to excel in a handful of setup execution ideas. Most of the time, people don’t know what they want. This means that you would have to show them a scrapbook and inspire them with some of your work.
When planning events, try to build rapport with local vendors. Book them in advance so that you can rely on the same group of vendors each time you need to get an event planned. This will help save costs and build trust, making your work easier.
12. Photography
Another easy entrepreneur business that is rapidly growing is Sydney’s corporate event photography. This is one of the top business ideas for entrepreneurs due to the sheer demand for photographers in the market. This can turn into brilliant business for someone who enjoys being behind the camera and understands complexities such as how light and background affect a surrounding.
However, don’t be fooled into believing that you can just pick up a camera and offer photography as a service. Business Startups need careful planning. There will be loads of trial and error involved before you learn not to make the same mistakes again.
Angles are especially important when it comes to photography. You can also sign up for an online course to help you navigate through this field. If you are looking to license your work online, you can make an account on Getty Images, iStock, Dreamstime, Flickr, or the various photo-sharing platforms that are currently available and get to earn passive income from your photos.
13. Non-Profit Work
The best part about being a child is believing in everything good, pure, magical, and idealistic. Youngsters believe that they can find their place in the world and do anything. Change seems like the easiest thing ever, and most individuals are dying to make a difference in the world. Why should you stop feeling this way as you grow up?
When looking for business ideas for entrepreneurs, one of the things you can opt for is non-profit work. This will encourage you to become part of something you feel deeply and passionately about.
Even though most non-profit businesses are run on donations, you can start your enterprise. Initially, you can start by learning how to allocate resources and funds. Soon enough, you will understand the workings of a non-profit business and will be able to make your contacts in the field and get funding.
14. Creating How-To Videos
Are you a home business entrepreneur looking for something to do on the side while you study or work full-time? If yes, one entrepreneur idea that may suit your schedule is creating how-to videos. These are fun to watch and can be extremely engaging.
Many people watch how-to videos each time they don’t understand how to work a device. However, this does not need to be limited to a gadget. How-to videos can exist for literally anything- whether it includes how to brighten dull jewelry or how to prevent your hair from getting damaged while swimming, there are several options you can choose from, depending on where your interests lie.
If you want to stick to a particular hobby, you can create a website and only post how-to videos for that subject. As you start, provide access to your videos for free to people who sign up on your mailing lists. You can also promote some items in the process as an affiliate marketer.
The chances are that soon enough, you will be collaborating with other businesses who want you to create videos for their products and you will get good money from promoting their services. The only skills you need to have when making how-to videos are being confident in front of the camera, knowing what you are talking about, and using good-quality cameras and correct angles.
15. Art Collecting
Art collecting is a successful entrepreneur small business idea that has loads of potential. It is exactly what it sounds like- you collect pieces of art from different places and exhibit them to people now and then. While you add to your collection, you can also alter pieces to throw in your personal touch. Doing this will portray your personality and add a new spin on products that are not available anywhere else. This helps create exclusivity.
As an art collector, you can sell your items at art shows, festivals, air markets, garage sales, and even at farmer’s markets. Of course, you need to give the original artist credit so that you do not steal their work. Moreover, remember to pay them for their hard work before you recreate their product. This business will give you a good profit margin.
16. Cleaning Service
One of the top 10 entrepreneur business ideas includes starting a cleaning service. As a child, you must have been told to clean your room a dozen times before guests came over to the house. Growing up, you might have become someone who loves cleaning, and cleans everyย time they are stressed out or feelย the need to be productive. If this sounds familiar, running a cleaning service could be the job of your dreams.
ย
You can start by providing neighborhood families with cleaning services to help them organize the house. Your target market should include professionals, families with small children, and working parents. Believe us when we say that they would require your services the most.
This entrepreneur idea can become extremely successful and profitable if you earn a name for yourself. Soon enough, you will start to gain more customers through word-of-mouth and start to earn loads of money.
17. Teach English Online
Looking for a way to make some money online and fit it around your existing schedule? Teaching English online is perfect for this. You can often choose the hours you want to work and create a timetable that suits your lifestyle. This makes it ideal for those who want to earn money while balancing other commitments, such as studies, parenting, or another job.
Startup costs for teaching English online are relatively low, and it’s a viable option for anyone with a good level of English, a computer and a reliable internet connection. Having a TEFL certification is also highly recommended and you’ll need to complete a TEFL course in order to obtain this. This will open the doors to teaching jobs both online and abroad and present you with plenty of opportunities to make some money.
18. Start a Paid Newsletter
Starting a paid newsletter is a low-risk business venture that has gained traction among entrepreneurs looking to monetize their expertise and build a community of engaged readers. With minimal startup costs, one can kickstart a newsletter business right from the comfort of their home. Platforms like Substack and Beehiiv have made it incredibly easy to set up and manage a paid newsletter, providing the necessary tools to handle subscriptions, payments, and email delivery.
An applicable example of a paid newsletter is Houck’s Newsletter, which gives over 71,000 founders seeking tactical advice on building, growing, and raising capital for their startups. Michael Houck, an a16z-backed founder, shares his insights and experiences in the startup world through this platform. Houck monetizes his newsletter through paid subscriptions, as well as advertisement slots in the free version.
Other Business Ideas.
1. Consulting business
Consulting is an extremely profitable business. Digital technologies have caused a rapid change and increased demand for experts with new knowledge. Online marketing makes it much easier to attract clients. Even though you may be a high-level consultant you should still provide a detailed business plan.
To know more start streaming the courses on Business Town that include How to start a business consulting enterprise, LinkedIn profiles that get sales, start a business 101, How To Create a Business Plan, and many others. Business Town is free for users.
2. Landscaping business
Landscaping is another perfect small business with many opportunities to grow quickly. You just need a second-hand mower and a grass catcher. Some of the standard services available include leaf collection, yard clean-up, edging, weeding, Snowplow, and fertilizer application. You can get a lot of money from lawn cutting. Even if you can cut down a few lawns yourself you will probably earn more per hour than most workers do in the real world.
3. Personal Training
Many people want to stay healthy and fit. They may not have the time to visit the gym or they may be shy. For this, you can advertise your personal training services on social media platforms targeting your demographic area. Just be sure to set up a small business phone plan for potential clients to call you on. To be the best personal trainer in your area, make sure you are licensed and you can offer these services on your premises or your client’s homes.
4. Drop shipping business
Drop shipping is when you sell a product generally online but you can no longer deliver the product or fulfill the offer. Instead, you send the order to a supplier, a wholesaler, or other retailers, and the products are delivered to the customer.
5. Amazon Store
About 100,000 people make sales every year using Amazon. While it is relatively easy to set up an Amazon store and start selling some items, it is more difficult to build a sustainable, highly profitable business. Amazon and elsewhere in Internet commerce are fiercely competitive. Don’t open your stores until you have a business plan in place. Consider doing your own digital marketing via your website, via social media or email marketing, or online promotion.
6. Start a blog
A blog is a good example of entrepreneurship that can be started small but could grow at your own rate. Choose an interesting or narrow subject. Let your personality shine and provide specific actions advice or a point of view. You should learn basic e-mail advertising methods so you could make a better Google ranking. Create content that will appeal to your audience, learn and incorporate affiliate marketing. Social media accounts will help you market your blog to your friends and family and the world.
7. Dog Walking Business
Dog walking is a perfect business for digital marketing. It allows you to find a very specific and emotionally engaged target customer. You could target social media and online Ad Network ads directly to dog owners in that zip code.
8. Flooring
Deciding to start a flooring business driven by a passion for home improvement can be an underappreciated choice that leads to great satisfaction and achievement. With enthusiasm for enhancing homes, a flooring business enables you to transform this passion into a flourishing venture. Improving your prospects of success can be achieved by contemplating the purchase of a home services franchise. This blend of enthusiasm and franchise support equips you to provide standout flooring services in a competitive market. Harness your love for home improvement and tap into the possibilities of a flooring business by aligning with a reputable home improvement franchise.
When is it best to start your Business?
It is never too late to start a successful business. Whether you are a young adult looking to do something on your own or someone who wants to quit his job and start his gig, there are great business ideas for entrepreneurs you can choose from. From being a freelancer who is a social media manager to a graphic designer, or a personal chef, you need the right attitude, business plan, or business model.ย
There are many profitable business ideas. However, your attitude, perseverance, and hard work will make you succeed. Many small businesses have become big, and your business plan may be the next big thing. Remember, most people start as freelancers but can still become business owners. The best way to find your calling is to leverage hidden talents and profit from them. Additionally, if you ever need financial support to kickstart your venture, there are private money lenders in Singapore who can offer assistance. Always understand the terms and do your due diligence before securing any loans.
Conclusion
As you evolve as a business owner, remember to evolve as a human being as well. Being a life coach will give you or your child the best guidance as regards their talent and keep up to date with the latest trends. Innovation will help your business reach lengths you may never have imagined. If you stay stuck on one thing, you might be able to keep your old customers, but new customers will find your enterprise redundant. Try to bring in new ideas and reflect your personality with each business step you take. Building a brand and name is just as important as earning money. Good luck!
