When you think of starting a new business, does it seem like climbing a very tall mountain?
Sure, most new businesses fail. That’s not even mentioning the fact that creating something out of nothing is a daunting task in and of itself.
Conventional wisdom would suggest that starting a new company would be a massive, life-interrupting undertaking; requiring at least a skeleton staff and a base of operation.
Conventional wisdom would be wrong.
It really is amazing how much physical infrastructure the internet can replace. Depending on the service you intend to provide or the product you intend to produce, all you really need is a phone and internet access. In that spirit, we have a few ideas of businesses you could potentially start tomorrow!
Technically, everything could qualify as a skill-based job. However, for our purposes, this means things like handy work, clothing repair, mechanical repair, plumbing, etc. You name it; the sky really is the limit. You’re the only employee you need, at least to start out. All you have to do is find a way to get yourself out there.
Craigslist, the various social media, and even job specific sites can help you start to build a client base. Once you have that, if you’re any good at what you’re doing, word of mouth should play a big factor.
The best part is that you start out with little to no overhead. What’s more, you get to pick your level of involvement. Making the old adage “Don’t quit your day job” more constructive than pejorative.
Of course, you want to make sure you are following the letter of the law. If you need any special licenses or permits for your chosen field, be sure to get them.
Start a Nonprofit
Do you have a cause that you are passionate about? Do you think you know a way to address one of the woes of life? If so, you could start a nonprofit organization.
As the name would suggest, this isn’t so much about getting rich as with the other types of small business you could start. But, if your nonprofit does well, you can allocate a reasonable amount of the organization’s intake as income for yourself.
It’s not as difficult as you might think, at least from a regulation standpoint. Mostly, all you have to do is fill out paperwork and file it. You will have to pay a registration fee based on how much you expect to earn. It could be as low as $450.
That said, actually making the organization a success is a whole different animal. The good news is that the platform from which to try is relatively easily obtained.
Food Truck Owner
This is probably the most akin to starting a small business of yore. You’ll have to rent the truck and supply all the food. It’s easily the most expensive of these ventures to start. That’s ‘the bad’.
‘The good’: If you’ve ever wanted to start a restaurant, this is a much more manageable step. Depending on what you’re cooking, you may be able to pull it off by yourself. That cuts down on cooks and wait staff. You don’t have to pay for a brick and mortar location. Best of all, you can go where the people are.
If things work out, you could potentially parlay it into a full-fledged restaurant. If they don’t, your losses will be much less severe than they would have been with the opening and closing of a traditional restaurant.
If you have a talent or hobby or (ideally) some combination of both, find a way to get paid to do it on your terms.