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If you’re committed to the idea of working for yourself, there’s a few different avenues available to pursue. You could choose to buy an existing business, taking on a client base and developing it further for more success.
This route is fraught with potential problems, particularly if you have a different vision than the previous owner. A good alternative is to set up your own business from scratch.
Being an entrepreneur is possible for anyone; you just need to have the conviction to follow through on your ideas. Every good business begins with a dream, and this is where you’ll need to be creative.
There are endless entrepreneurial opportunities in the market. To be successful you’ll need to recognise a gap and identify what’s needed to plug it. To help get your creative juices flowing in the right direction, here are some ideas which could help you to become an entrepreneur.
If you’ve had a successful career in a certain field, you don’t need to give it all up when you start your own business. Rather than trying something totally new, you could draw upon your existing expertise and turn it into a saleable asset.
Whether it’s marketing, sales or management, becoming a consultant is an excellent opportunity to explore. The set-up costs are extremely low compared to other options, and you already have everything you need at your fingertips to be a success.
Finding your market can be tricky when any business first starts out but having previously worked in the industry, you may already have a head start with your contacts.
The unique selling point of your consultancy business is that you can offer practical help and advice, preventing others from making costly mistakes along the way.
If you are in a skilled profession, you may well be toiling away to line someone else’s pockets. This can be incredibly frustrating and you may well have wondered if there was a more profitable way to spend your hours.
Rather than working for someone else’s business, make the leap to set up your own and you could use your hard-earned skills to benefit your own bank balance. Try Freelancer.com – this site / platform allows you to bid on projects, allowing you to earn money quickly and easily.
Accountancy is an excellent example of this. If you hold the right qualifications it’s possible to become a specialist, offering expert services to other businesses. Whether it’s day-to-day book-keeping or taxation, accountancy skills are in great demand in the market and offer an opportunity to work for yourself.
Essential Business Services
One of the skills of a true entrepreneur is identifying where a gap in the market lies and creating services to fill it.
It’s possible to get ideas from sites such as https://www.businesstradecentre.co.uk which can help point you in the right direction. Getting inspiration from businesses that others have successfully set up might be all you need to be able to accurately assess your local market, or spot a niche.
One area which has been increasingly popular in recent years is cleaning. Something that everyone needs, cleaning is an integral service for every business in every industry. However, it can also be a problem area, particularly for those with smaller premises as the size of the job simply doesn’t warrant employing their own staff. This is where you can use your entrepreneurial skills to market what your business is offering.
Cleaning companies provide reliable and consistent services to businesses, solving the problem of staff wanting annual leave or unexpected sickness. Using a freelance cleaning company, even on a contract, provides far more flexibility than hiring your own staff to clean your office, factory or shop.
One of the big benefits of choosing to set up in this area is that you don’t need special skills or expensive equipment. You can find out everything you need to know online, and with a relatively small amount of capital can be up and running pretty quickly.
Find A Niche
Take your own skill set and see if you can offer a niche service or operation that people are wanting. For example, perhaps you have great knowledge within the construction industry – then you might consider offering your own Rotary Drilling service – although you’d need the correct equipment and knowledge, but it would sure to be desired by contractors.
How about taking care of pets whilst people go on holiday? When you consider how many people have animals, the market is likely there for you to begin down this road. However, it is important that you love animals and are able to look after them properly.
The above two examples are designed to give you an idea about niche areas – there are a huge number, so get your thinking cap on.
Become an Online Trader
You’ve probably heard about the stock market, trading and the stories of how individuals have managed to go from a small sum of money to earning a fortune. Clearly, it isn’t something ‘anyone can do’. Its no simple feat. With that said, if one puts in the effort, research and practice, the potential is there that they could plant the seeds to a financial rewarding future. Binary options come with grave risks and high rewards, steer clear until you’ve researched and practiced with demo accounts, you can also have the assistance of trading robots (that trade for you) – find more out here: BinaryOptionsExpert.net.
Investing in stocks is generally considered a gradual income provider, so don’t expect to get wealth overnight. However, as you grow out a portfolio, the rewards can come in the form of both dividends and share price increases.
If your skills lie within planning and organisation, and you possess an unflappable personality, you might be able to carve out a career for yourself doing the things that others struggle with.
Planning an event is hard work, and not everyone can manage to get the job done. Whether it’s a wedding, party or other social occasion, if you have a flair for getting everything in order, this could be a great way to make money.
Events are typically one-off occasions and there’s a lot of pressure for everything to be just right. There is an increasing demand for planners who are creative, organised and driven, with impeccably high standards that deliver everything that’s promised.
This isn’t the right niche for everyone and a calm personality that copes well with stress is a must, but the advantage is that you don’t need a lot of training or special skills to start up this kind of business.
Although the country is no longer in the grip of a recession, there’s an enormous demand for bargain buys. Whether it’s online on the high street, buyers love to get a good deal.
Running an Ebay store is a very new way to earn a living, but there are many entrepreneurs who are making huge profits doing just this. If you have your finger on the pulse of current trends and can spot a hot item, it’s not difficult to earn your living selling on goods.
If you prefer real life transactions, get yourself known at the local flea market. Having a regular stall with a wide selection of goods will gradually attract customers who come back specifically to see what you’ve got. Move your layout around regularly, and make it accessible and you’ll be surprised at just how much you can sell.
As modern life has gotten busier, no magic solution has popped up to the age-old dilemma of getting the chores done. It’s never been more difficult to fit everything in – and that can be a real problem.
Whether it’s walking the dog, ironing or laundry, if you run a business that takes some of the load off busy home-owners, it’s certain to be a big hit. People are willing to pay a premium in return for getting a helping hand, and by doing some of the chores, you’ll be providing a valuable service.
If you’re a little bit more experienced with DIY, you could expand your services to offer painting and decorating skills, or even interior design. To do the latter you’ll need a flair for design and an innate understanding of practical function, but it’s a skill that is once again increasingly in demand.
Bed and Breakfast
If your property has surplus space and you’re in a desirable area, you could turn your home into a business. Renting out spare rooms overnight can be a great money-spinner, particularly if you’re close to tourist areas or sports stadiums.
Even if you’re not in the middle of the city, a rural retreat is a big attraction too. Townies crave nothing more than a peaceful weekend away from the traffic and the noise!
You could operate your B&B on a full-time basis, or just at weekends or holidays. You have the flexibility of offering services that work for you – and you don’t even need to leave your own home to do it!
Whatever you choose to do, it’s important to make sure you register your business to make sure everything is legal and above board. That’s quick and easy to do, either with a phone call or just a few clicks online. There’s ab abundance of entrepreneurial opportunities just waiting to be taken. Shake off the shackles of employment and take a bold step on your own, and you might just find your skills are a real money-spinner.