In the last decade or so, the emphasis on entrepreneurship has increased tenfold or possibly more. Coupled with some recent economic crisis, this became the perfect time for everyone to start a small business of their own. Here are some small business ideas for you to ponder upon and hopefully start one.
1 – Shopping Service
If you have passion for shopping and you enjoy your time in a market or a shopping center, this idea is the best fit for your interests. Nowadays most people have very little time to do their shopping themselves, they usually scramble on the weekend for these tasks, buying grocery items, clothes or other accessories and household goods needed in the day-to-day life.
You can be an angel for them in this situation and for very little of your time and their money spent, you can have a good bargain at each your hands, starting by providing your services to friends and family and build your customer base from there.
2 – Online Shopping Store
Similar to the idea above, you can make this service virtual as well. People would place orders and you can sell directly or use a drop-shipping service. You will require a decent working website and an appropriate e-commerce software. You can also sell your own handcrafted items or items from artists who don’t have much knowledge about trade practices.
3 – Food Services
For those who like cooking and delight others by their cooked foods, this is an area where their passion and business interests can happily coincide. Food services can be of many types; if you like baking, you can open a home bakery. If you are street savvy, opening a catering business can be good for you or you can simply be a freelance chef, but for that you’ll have to create a positive reputation of yourself.
Keep in mind that food business is subjected to tough monitoring and regulations so always keep yourself prepared for that and abide by government rules and industry standards.
4 – Event Planning
This is one of the fastest growing businesses of the last decade and research indicates that there will be a 44% increase in the event planning industry in the next decade as well. The people who can’t stop throwing parties and functions are the right people to walk this line; they should start a small event planning business and since the need of events will never end, business will also grow if the services are good.
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