Anything is possible with a can-do attitude and hard work,
including becoming your own boss. You may feel as if there are
countless hurdles preventing you from starting a small business,
including a lack of investment money, insufficient knowledge
of modern technology, or even the fear of severing ties with your
employer. But there are plenty of ways to take the first steps
toward launching your own business.
For many people, the biggest obstacle to starting a new business
is raising the money. With a solid business plan and a good credit
history, you probably can raise the funds you need to get started.
But if you have to rely on your savings, you may have less
money than you need. Fortunately, there are plenty of business
opportunities that require an initial investment of less than
Small Business Administration has useful information on
registering your business, applying for business licenses and other
information to help you make your dream a reality.
A new business doesn’t have to be groundbreaking. If you’re
computer-oriented, you could start with:
Many people with a computer and a house full of clutter have
used eBay to get rid of unwanted stuff. If you already know your
way around eBay, it takes only a small step to create your own
eBay shop. The process is relatively straightforward, with
only a few requirements:
- You must have an eBay seller account.
- You must have your credit card registered.
- You must be PayPal-verified.
- You must have a seller performance level above “standard” to
open Premium or Anchor stores.
If you want to start a low-tech business, there are several
options to consider. Providing basic, reliable services is a great,
low-cost way to get your company off the ground.
Consider these possibilities:
- Cleaning services: Whether you focus on
cleaning private homes or commercial properties, running a cleaning
service is a potentially lucrative business with minimal startup
costs. You usually have the flexibility to run your business on a
full-time or part-time basis and to work around your personal
commitments. In most cases, you don’t need an office, but a
reliable vehicle with space for cleaning products is
- Dog walking: If you love animals, working as a
dog walker is a good idea. You don’t need office space or
equipment, and you can generate business through fliers and word of
mouth. You can also offer additional services, such as feeding the
pets or housesitting while the owners are away.
- Mowing lawns: If you prefer being outdoors, a
business mowing grass may be the perfect fit. Other than printing
fliers and invoices, you aren’t going to need anything more
technologically advanced than a weed whacker and lawn mower.
- Pool cleaning: Running your own pool-cleaning
service involves the use of chemicals and sump pumps, but not much
in the way of computers. Misuse of chemicals could potentially
damage a pool, so make sure you know what you are doing before you
get started. In some places, certification in the use of chemicals
is required. Take out some insurance in case of accidents.
- Errand service: The modern world is frantic
and fast-paced, and people often need help with simple errands.
Being on call to pick up dry cleaning or shop for groceries is a
simple business opportunity that requires hardly any
Use Bankrate’s calculator to figure your monthly
payments for a small business
loan to expand your operations.