Top 10 Business Ideas For Young Entrepreneurs – These great business ideas offer opportunities for entrepreneurs looking to start something new, whether you’ve run a business before or want to launch your first company.
If you’re thinking about starting a business, you should consider whether your idea fills a need in the way people live their lives and approach their work. If you can identify an unmet need and a target market, then you might just have a business idea with legs. But how do you come up with a good idea in the first place? This list of business ideas includes 26 great types of businesses to help you find success.
Top 10 Business Ideas For Young Entrepreneurs
This list of 26 great business ideas will get you started on your entrepreneurial journey. Note that many of the ideas below only require you to have a credit card processing partner to get started, so you can keep your upfront costs relatively low.
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If you are interested in clothing and sales, you might consider starting an online reseller business. Although it takes time, dedication and an eye for fashion, you can start your business as a side hustle and turn it into a full-time resale business. You can start by using online store sites like Poshmark and Mercari to sell your unwanted clothes and items, then expand to your own resale site.
Consider estate sales and flea markets for hidden finds at low cost and then list them online for profit. You may be able to collect a substantial inventory of items that are in good condition for very little overhead if you are diligent enough and search the right places.
About 70% of US families have a pet. When these families go away for long periods of time, your small pet sitting business can give them peace of mind. As a pet sitter, you will look after your clients’ dogs, cats or other pets at their home. As part of the job, you will need to feed them, water them, play with them and (with dogs) walk them as needed. To keep customers happy, you’ll need to regularly update them on how their pets are doing.
If you have other sources of income that require nothing more than an internet connection and a laptop, pet sitting can be a particularly good small business idea. Almost all pet owners will be happy to let you work on your laptop while you spend time at home with their pets, meaning you can run two streams of income at once.
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If you have a sense of fashion (or a sense of humor), you might enjoy starting a t-shirt printing business. You can also license someone else’s designs and print them on a white t-shirt. In any case, if you have the space for a t-shirt printing setup, you can easily purchase the necessary tools to get started.
Did you know?: T-shirt printing can be a great e-commerce business. You can allow customers to place orders online and sell t-shirts in bulk. This way, you can sell to customers across the country and even around the world.
If you enjoy cleaning, you can easily turn this into a business. With a few staff members, an array of cleaning supplies, and transportation, you can offer cleaning services to homeowners, apartment complexes, and commercial properties. Most cleaning services cost between $25 and $50 per hour. Cleaning services are simple businesses that require relatively little overhead; you simply need planning, dedication and marketing to attract customers.
If you want to differentiate yourself from other cleaning services, consider adding premium options like floor waxing or exterior power washing for an additional fee. These services could be the deciding factor between your new cleaning service and seasoned companies that maintain a client list too large to provide that level of cleaning.
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The demand for online education has opened up possibilities for entrepreneurs. Since this is an online business, you can pick any subject you know and teach a class regardless of location. If you don’t have advanced knowledge in a particular subject, consider teaching English as a foreign language online to students abroad.
As with education, technology allows many accounting services to be performed online. If you are an accountant or bookkeeper who wants the freedom and autonomy to run your own business, take advantage of modern technology to start your own online bookkeeping service.
If you are knowledgeable and passionate about a particular subject (such as business, social media, marketing, human resources, leadership or communication), consulting can be a profitable option. You can start a consulting business on your own, then grow your business and hire other consultants over time.
If you have a reliable vehicle and good time management skills, consider starting your own courier service – more specifically, a medical courier service. As a driver, you will be responsible for transporting medical items such as lab specimens, prescription drugs, and equipment. You can start your own courier business or hire other drivers to work for you.
Small Business Ideas For Anyone Who Wants To Run Their Own Business
Did you know?: The healthcare industry is expanding, which bodes well for job stability in the medical courier service. There are a wide range of customer groups that your business can serve, including hospitals, nursing homes, laboratories and private practices.
If you have knowledge and experience in technology, you may want to consider a career in app development. Smartphones are an everyday accessory for many Americans, which has increased the demand for mobile apps. Similarly, virtual reality software has become popular in recent years, so there is also a demand for VR application development.
If you have a good ear and can type quickly, a transcription service would allow you to work from home with a flexible schedule. Medical transcription services are especially needed as voice recognition technology proliferates for dictation by healthcare providers.
You can accept as few or as many transcription jobs as you like. This flexibility can be especially beneficial if you don’t want to start all at once or if you have a day job that you want to keep for now. To increase your business prospects and justify charging more, consider becoming a certified transcriptionist and exploring a few specialties.
Business Ideas For Kid Entrepreneurs
Medical transcriptionists typically charge 6 to 14 cents per line of transcription, which adds up quickly. The usual turnaround time for transcription work is 24 hours, so it’s important to be aware of the jobs you accept. However, the ability to only accept a few requests at first means you can grow as you’re ready. Best of all, there are very low start-up and overhead costs. You just need a computer, the right software and a secure messaging service.
Tip: While not required, a medical transcription license can increase your business’ competitive edge while expanding your client base to include larger companies. Some service providers prefer that their transcriptionists have training from a certified program.
Are you looking for a business idea that can truly spark joy? Professional organizers like Marie Kondo help people declutter and minimize for a living. In an age of materialism, many people are desperate to downsize and take control of their possessions. Minimalism is becoming extremely popular, but people find it hard to part with things they’ve owned for a long time. Part of being a professional organizer is helping clients develop a downsizing system.
If you’re a highly organized person who likes to make spaces functional and comfortable, you might be good at training others to do the same. People will pay you to help them devise a way to minimize their possessions and maintain an organized space. To promote your business, ask if clients will let you take before and after photos of areas of their homes that you’ve organized. If so, you can use them to create a portfolio that you can put on social media to attract more clients.
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If you’re a natural wordsmith with little marketing knowledge, you can set yourself up as a freelance copywriter or content writer. Whether you write blogs, web content or press releases, plenty of companies will pay for your services. Increase your value by using your SEO knowledge to help clients strategize around specific keywords that their target audience is already using in online searches.
Freelance copywriting is a great business to run because as long as you have an internet connection you can work. It’s a business you can run from the comfort of your own home or even on the road if you’re traveling. If you establish a large enough network and get referrals from satisfied clients, you could even make writing your full-time job as a freelancer.
Experience in care and hospitality can go a long way in supporting older people who need care at home. It’s also a service for which demand will only increase. According to the Population Reference Bureau, between 2020 and 2060, the population 85 and older is expected to triple from 6.7 million to 19 million. The global number of centenarians (those over 100 years old) has already reached almost 600,000. Many will need care and support, often in their own homes.
Fortunately, you don’t need a healthcare background to help seniors and grow a successful business at the same time, although they
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