Starting and running a small business is not just about working for yourself, it’s also about having the necessary management skills, industry expertise, technical skills, finance and of course a long-term vision to grow and succeed. With the economy still on track and the number of entrepreneurs on the rise, you won’t be alone if you decide to take the plunge this year.
Although thousands of employees dream of escaping the nine to five grind and become their own boss, many are still unsure of what sort of business they want to start and how they can ensure their new venture is a success.
So, I have come up with a list of different types of business you may want to start up in the next few weeks, with comprehensive advice on how to run your new firm. If you fancy being anything from an estate agent to a personal trainer, you can actually make your business profitable.
Web Hosting: This is indeed one of the easiest businesses to start right now. With little or no capital, you can pick up a reseller plan from a reliable web hosting provider from within your location. Visit Starting a Profitable Web hosting business for details.
Web designer: This is one niche where there is high demand right now. You only need to have the basic skills and should be able to work with PHP and MySQL. You will also be able to get many clients if you can design custom wordpress themes. The starting point is for you to create a blog for yourself to show what you can do. You may also need to join forums where you can easily market your skills to others.
Consultancy: Helping other people run their business may seem daunting at first, but many budding entrepreneurs have the skills and experience to become first class consultants.
Clothes shop: With such a wide range of clothes shops out there, you have a several options when trying to tap into this huge market.
Outside catering: Whether its catering for a major sporting event or a low-key wedding, the need for food and drink at gatherings does not go out of fashion. Find out how to set up your own catering company.
Gift shop: Boosted by the tourist trade, gift shops can be a very popular business to own. Why not get wrapped up in the idea and start up your own? Remember Valentine is around the corner. You may be able to make some money…
Driving school: Whether it took you two attempts or 20 to pass your driving test, you wouldn’t have got there without a driving instructor. If you can put up with the exams and novice drivers, this line of work can be rewarding.
Photography business: When your school photo was being taken, you probably gave little thought to the fact that the photographer would soon be off to another job, maybe a wedding, to make ends meet. If you have a passion for photography, get a clear picture of what is involved in setting up your own firm.
Day nursery: With both parents increasingly keen to return to work after having children, day nurseries are also vital to many families who can’t afford to give up a regular income to stay at home. You really need to network and let people know that you are available for this. You are definitely going to make some money from this if you manage it well.
Restaurant: Whether you are celebrating a special occasion or just don’t fancy cooking, eating out is big business with a huge variety of restaurants now inhabiting Lagos streets. This is one business you should consider starting if you have the required capital.
Credit to Pace.
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