Top 10 Business Ideas For Entrepreneurs: For entrepreneurs looking to start their own business, one of the most difficult things to determine is what business idea to pursue. If you’re not sure where to start, there are plenty of proven, profitable business ideas out there that don’t require an initial large amount of capital or training to get started with.
Top 10 Business Ideas For Entrepreneurs
1) Coffeeshop
When it comes to business ideas, few have as much built-in growth potential as coffee shops. Aside from an espresso machine, startup costs are minimal and competition is relatively sparse in most communities. If you plan on setting up shop in a popular spot, like near a college campus or downtown area, you’ll be at an advantage due to high visibility and foot traffic.
What’s more, if you’re willing to roll up your sleeves, there’s plenty of room for innovation beyond traditional drink offerings. Some entrepreneurs open facilities with fully developed concepts that include food menus and live entertainment. What started out as only a coffee stand has now grown into one of New York City’s most successful coffee culture restaurants—Jones Coffee Co.—backed by industry giants Starbucks and LVMH (Moët Hennessy Louis Vuitton).
You don’t need lots of money to start a small business–just great ideas. The challenge: finding those great ideas before they escape you! To help spur your creativity, I’ve compiled my list of Top 10 Business Ideas for Entrepreneurs today.
2) Nursery school
If you’re not afraid of an up-front investment, starting a nursery school is one business idea that can really pay off. There are several issues to consider before launching your own preschool program. First, you must think about whether or not there is a strong demand for such services in your area—and if there is no need, then it might be best to pursue another business idea.
Next, you must determine how much you are willing to invest in the opening and running your own school. Finally, consider whether or not you have any relevant training or education regarding early childhood development and teaching pedagogy.
Once these questions have been answered, setting up shop as a daycare provider is likely within reach—but don’t expect quick profits! A successful daycare center requires extensive start-up costs and ongoing investments into facilities, toys, educational materials, and more. But those who aspire to open their own centers will find that hard work pays off; on average, licensed centers generate enough revenue to net well over $100k annually from full enrollment (which averages 4–8 kids per classroom).
It’s also important to note that while licensing requirements vary by location, many states require some level of certification in early childhood education/development or child psychology/pediatrics as prerequisites for setting up shop. But where there’s money (or pint-sized customers)… there are often government regulations.
3) After-school activity program
Some families struggle to find affordable, reliable childcare services for their children after school hours. If you can identify a community need and develop a business that provides affordable service, you might have found your start-up idea.
Offer tutoring or other learning opportunities to students who are behind on homework and test prep. Provide childcare services to help parents keep working while they’re at work. Start an activity program where kids get to play sports or develop other skills. By filling an unmet need, you may be able to build a sustainable business model around your new business idea for entrepreneurs.
4) Home delivery service
Owning a home-delivery service is a great way to make money. You can work part-time or full-time, and any age group can do it. It’s easy to get started since you don’t need any special training or equipment to begin offering local customers their favorite items (candy bars, magazines, etc.) right from your own front door.
And if you deliver pizza for a living, you get paid pretty well! Plus people tend to tip well on food deliveries. A few of my friends and I were trying to brainstorm business ideas—and we came up with one that was good enough that we opened an online store and began selling it.
That was eight years ago, and now we have multiple seven-figure businesses run by different individuals within our company. Home delivery services are big in America because of our country’s infatuation with convenience—which means there will always be demand for these services so long as consumers continue to order online,
Whether they want ice cream or motor oil. Before you open a shop though, be sure you check into city regulations about where you can set up shop in your area and what kinds of permits or licenses are required before delivering goods across city lines.
The average American spends $200 per month eating out at restaurants – which equates to over $2k per year being spent on restaurant dining experiences that could easily be cooked at home… every year!
5) Restaurant
Owning a restaurant may be a less-than-ideal choice for business beginners, but that doesn’t mean you can’t get in on the ground floor of an already successful restaurant. Talk to some existing restaurateurs and find out how you can help with day-to-day operations without investing your own capital.
You could also see if there are any restaurants or cafes looking for part-time help during slow times. Just make sure that, before you sign on, you know exactly what your responsibilities will be and what you’ll receive in return. After all, when it comes to working for someone else, all you have is your reputation.
6) Garbage Collection Service
If you’re looking for a solid business idea to start, look no further than garbage collection. There are two types of garbage collectors—sanitation and recycling. With sanitation services, garbage collectors pick up your trash and take it to a landfill. With recycling services, you separate your trash for them before they arrive.
Either way, with a garbage collection service, you can make between $20,000 and $50,000 a year as an entrepreneur. House-cleaning service: Running a house-cleaning service is similar to running a traditional cleaning business. The only difference is that instead of specializing in one type of cleaning (like window cleaning), you provide all forms of cleaning in your area (house, office building).
To break into starting a house-cleaning business, offer free estimates on Craigslist or Yelp until you build up enough trust from prospective clients that they start calling or emailing on their own. Then use those leads to get started! Provide one free test clean if need be and charge based on time spent at each property/bathroom cleaning.
7) Laundry Service
There are services like Handy and TaskRabbit that connect users with vetted, local professionals to handle specific tasks, but have you ever considered a clothes-washing service? If you have enough demand in your area (meaning people who are too busy or just don’t feel like doing laundry), you could offer up your washing skills.
Taking orders online is easy with a site like Washio, which allows people to schedule their pickup and delivery of clean clothes—and pay online. Another option: Include an Amazon Locker pickup location inside your laundromat or a dry cleaner. At least then you’ll be able to store orders until they’re ready for pickup. These ideas may seem far-fetched, especially if you’re not tech-savvy or fluent in code.
However, knowing about these options will provide you with opportunities to help someone else start a side business where they wouldn’t otherwise have one. With that being said, I also believe it’s important to understand what it takes to start a successful business before deciding whether it’s something you want for yourself. As always, make sure you really like solving problems for other people — since there will most certainly be problems along the way!
8) Mobile Store
When a customer comes to your mobile store, you can service your customers right where they are. You don’t have to fight traffic or face parking challenges. Mobile stores save money because you don’t have a storefront and can use your own supplies. A portable store is easy to set up and break down, which makes it perfect for flea markets or shopping malls where space is limited.
You also don’t need employees as there are no complicated products to handle – just well-priced goods that people can touch and feel before making a purchase decision. Here’s a list of some successful businesses that operate with mobile units ice cream vans, food trucks, and even boats! This isn’t about setting up a shop in your garage; having a great business idea means looking at what other companies do and thinking about how you could do things differently.
The ability to make changes means you’re more likely to succeed than if you were just using someone else’s model for success. If starting from scratch seems overwhelming (and who knows how many start-ups actually make it off of paper), look at franchising or buying an existing franchise instead of trying to build something from scratch.
9) Online Store
Launching an online store, also known as e-commerce, allows you to sell products on your own site and keep 100% of sales proceeds. Rather than being limited by inventory, e-commerce businesses are only limited by their imaginations and ability to stay on top of trends.
If you have an idea for a product or service that people will pay for over and over again, then building an online store may be right up your alley. E-commerce can be especially profitable if you choose niche products with lots of loyal fans and sell them at premium prices.
10) Computer Repair Shop
It may seem intimidating to open your own computer repair shop, but you don’t need advanced tech skills to fix people’s computers and smartphones. If you can follow instructions, research how-to guides online, and communicate effectively with customers, then you’ll be set.
Starting a computer repair shop could cost anywhere from $1,000-$3,000; if you already have a setup at home it might be even cheaper. For a detailed tutorial on starting a computer repair business visit our step-by-step guide here.
Also Read: Top 10 Business Ideas For Earning Money
Conclusion
So there you have it. An awesome list of business ideas for entrepreneurs, from unique blogs to creating your own app, ideas are endless. Now it’s time to take action and start implementing these business ideas in order to make real money!
