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Should You Pay Yourself In The Early Stages Of Your Business

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Building a startup from scratch is an uphill battle that takes discipline, hard work, and a little luck. And that’s disregarding the countless businesses that cease operations beforehand.

Anecdotal evidence says that startups may even take three years or more to achieve a positive net cash flow.

With such a finicky and delicate position, entrepreneurs face an age-old dilemma.

Should I pay myself a salary or should I leave it on the business?

The answer is YES, and here’s why.

Builds Up Your Personal Savings

According to a survey with over 1,000 participants, 38% of small business owners do not take a salary.

That’s a sizable portion of business owners who deem it necessary to not pay themselves.

There’s a sense of pride when we undergo self-sacrifice by taking nothing to grow our startup as fast as possible.

But while this looks intriguing, both self-paying and non-paying entrepreneurs are not exempt from the unpredictable risks of starting a business. Startup founders who go the non-paying route run the risk of facing personal bankruptcy if they’re not careful.

So instead of restricting money from entering your bank account, don’t be afraid to set aside some for personal needs.

Analyse and assess the financials and the projections, and give yourself enough to fulfill your basic living expenses. However, don’t try to persuade yourself into giving yourself more than you need for expensive luxuries; always be practical. Course it through your accountant or financial partner to have it contracted and regularised.

Building up your savings not only benefits you as the owner, it also helps the health of the business.

And as the owner of the business, your savings are instrumental in scaling your venture in the future.

Entrepreneurs Need Emergency Funds

Running a new business entails exposing yourself and your employees to a certain amount of risk.

So to combat these risks, having a financial cushion can help you go through the bad months that can occur every now and then.

Your emergency fund is funds set aside in case of any unexpected occurrences, like hospital bills or car accidents.

Usually, the amount is specific to your lifestyle, where you live, and the number of dependents that you support.

But for entrepreneurs, the significance of the emergency funds rises exponentially.

While emergency funds of three to six times the income are usually recommended for day job earners, entrepreneurs are different. It’s not unheard of for entrepreneurs to have 12x as much to keep their business afloat when things go awry.

And aside from side hustles, where else can you source emergency funds than from the business that you’re growing 24/7?

Taxation Purposes

By being a part of your company’s payroll software system and sticking to it, you make tax filing season much more pleasant.

If you withdraw large amounts of money at irregular intervals, the tax office could be suspicious of your business. It can even lead to an audit of your company.

Not only that, but having a standard salary can also be a good look to your employees. It adds a layer of security and professionalism.

By establishing a fixed salary rate as early as the business plan, you avoid a plethora of headaches for the future. And of course, you’re also free to grant yourself and your employees incremental wages as the business starts to look up.

Keeps Your Business In Good Legal Standing

Any competent startup founder should follow the legal obligations of running a business.

A sole proprietorship, a partnership, and a corporation all have different structures of payment. A sole proprietor has more freedom and is less complicated when it comes to withdrawing money. But a corporate structure has to take shareholders or stockholders in the picture, as well as dividend payments, before withdrawing money.

While any new startup founder may find this process painstakingly convoluted, there are professionals like the LegalVision NZ Contract Lawyers who ease you throughout the process.

They can assist you with legal assistance by drafting new contracts, resolving contract disputes, identifying preferable types of contracts, and helping you understand contractual legal obligations.

How to Choose an Accountant for Your Small Business?

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Sometimes an entrepreneur comes across loads of challenges while running a small business, including choosing the right accountant. An appropriate accountant can help you boost up your organization while the inappropriate might cause problems for it. Although there are scads of experienced people needing a job, it’s quite a difficult task to choose the best.

So, when we talk about finding and picking the ablest accountant, we should consider some important rules to reach a closing decision.

Here are the essential tips to follow while choosing an accountant for your small business.

Essential Tips on Hiring an Accountant

Search for the Right Qualification

Finding an accountant with magnified knowledge about tax, business & finance will support you in expanding your business. An ideal option is to seek a qualified accountant with a secure grip on business dealings. For example, you can hire a CPA who will look after your business tax and accounting issues with great ease.

Make Your Business a Priority

Business runs all on the “give and take” system. So never hesitate to ask about the availability from your accountant. It will prove beneficial for your organization if your appointed accountant resolves the business issues on time. Always keep your business on priority.

Choose the One You Personally Like

Another essential factor is your personal liking. Even a qualified accountant for your business can go to waste if you have a communication gap with him. Before reaching a result, always make sure to engage with your new accountant and observe if you can continue working with him or not. There is no point in paying him if you’re not satisfied operating with him. Despite changing the accountants and distracting yourself from your official tasks, why not initially choose the one you like?

Remember That Your Accountant is Your Business Investment!

Every company would prefer deriving the maximum of its budget. Always stay active while choosing an accountant for your small business. Whatever you are spending on business taxes and accounts is no less than an investment, so pick the one leading your organization toward success. It can be done by hiring services of any company like Szweda Consulting.

Always Be Selective in Hiring Process

It has always been a critical situation to hire the fit accountant for your company. Sometimes, even after struggling hard, you get nothing but a misfit accountant. So, always take time and be selective throughout the employing procedure. It’s worth getting life-long advantages from your employee rather than being inconvenient with him on a short term basis.

Utilize Your Social Network to Fetch More Details

You can also use your official apps, like LinkedIn, to bring more of your accountant’s details, such as:

  • Are they connected to other professionals?
  • What are their discussions about accounting services?
  • How do the clients rate them on social media?
  • Do they have enough working experience?
  • What is the qualification, and do they stand on your requirements?

A Right Accountant Will Let You Touch Skies!

We’ll consider our efforts went well if the above tips and tricks helped you choose an accountant for your company. An accountant plays a leading role to kick start and boost up your business, so always reconsider your preferences and liking. Hire the one you can completely trust on and the one with sufficient tax experience. Make him a part of your business family, so he can comfortably deal with your daily finance issues.

5 Business Tools Every New Business Owner Needs

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Do you own a small business? If so, then you already understand that having the right tools makes all the difference in the world.

After all, the key to running efficiently is to make the most of every minute of the day and to save money wherever possible. Fortunately, you’ve come to the right place for help.

This article takes a look at business tools that every small business needs to maximize your chances for big-time success. Keep reading to discover tips for taking your operation to the next level.

1. Dropbox 

One of the biggest challenges every small business manager encounters is the need to be able to effectively provide access to files. After all, businesses of all sizes rely on moving data from one place to another.

This is where Dropbox comes in. Creating a Dropbox account enables anyone in your company to have instant access to a file stored on the DropBox website.

You can literally open a file from anywhere on earth. Plus, you can limit access to keep your data secure. This is also the perfect way to share links to files without having to send individual emails to everyone on your list. Simply include every email address that you want to receive the link, and those people will instantly be sent a link granting them access.

2. Professional Website

There’s really no longer any excuse for a business to not have a quality web presence. In fact, building a professional website that looks clean and is easy to navigate should be one of your top priorities. 

Why is this so important? For starters, your website provides a way for current customers to stay updated about your products or services and gives potential customers a way to get to know you.

A company website also enables you and your team to share your personal story so that you can connect with your target audience on an emotional level.

3. Pay Stub Maker

When you run a small business, you need to make sure your employees get paid on time every pay period. This can often be a huge challenge, especially if you outsource your payroll services. That’s why you should serious consider investing in a pay stub maker so that you can keep this process in-house. 

Here is the most hassle-free paycheck stub maker on the market.

4. MailChimp

MailChimp is a powerful business tool that allows you to send email blasts quickly and easily. 

Do you have a bulk email to send out for your latest newsletter or promotion? No problem, just use the MailChimp website to automate the process. 

5. Slack

Slack is a cool app for your desktop or smartphone that enables your enable team to stay in connect in real-time. Rather than communicating in group texts or email, Slack provides a continuous thread that is always live and user-friendly.

A Guide to Essential Business Tools You Need for Success

Running a successful business is a huge challenge. Fortunately, these business tools will help make your job a little less stressful.

Keep scrolling to discover more small business tips and advice on our blog.

4 Questions to Ask Before Applying for a Business Loan

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When you run into a problem as a small business owner, your first thought may be to throw money at it. However, not all issues need to be solved in this manner, and so before you take out a business loan, there are a few questions you should ask yourself.

This way, you will be going into the process with eyes wide open and borrowing for all the right reasons. Borrowing for the wrong reasons can put extra stress on your plate and possibly put the business in jeopardy.

Photo Of Person Using Laptop

Do You Have a Good Credit Score?

Before you can consider taking out a business loan, you will need to be aware of both your personal and your business credit score. If you know that it is less than stellar, there are a few things you can do to improve it, including establishing trade credit with your vendors.

You’ll want to ensure you have a score of 700 or above, as this is the standard that banks and credit unions will expect to see. You may get away with 650 with the Small Business Administration, and you can probably find alternative online lenders that will accept a lower score as long as you can prove a healthy cash flow.

Do You Need to Borrow Extra Capital?

As this article from AdvancePoint Capital outlines, you should always look at the reasons why you are applying for a loan. You should have a specific purpose for the extra capital you wish to acquire, and this will determine how much you need to borrow and whether borrowing is worth it.

It will also help you to choose the right lender and the right terms. If you are unable to outline exactly how you will use the cash, it probably isn’t the right time to take out a loan.

Will You be Able to Keep Up with the Repayments?

Once you have determined the purpose of the loan and whether or not you have a good enough credit score, the next thing to look at is whether or not you can realistically keep up with the repayments. Depending on which lender you have decided to go with, there will be a payment plan that you need to stick to.

Nowadays, many lenders offer variable terms, including monthly repayments or even daily and weekly. How you manage your cash flow will indicate your ability to stick to the schedule e.g., if you choose daily or weekly repayments, but most of your cash flow occurs at the end of each month, this is probably not the right choice for you.

Will Taking Out a Loan Positively Impact Your Bottom Line?

Ultimately, you will need to ask yourself whether or not taking out a loan will positively impact your bottom line. If you know you are in a good enough position to be accepted by a lender, and you have worked out that you can afford the repayments, the next step that you cannot neglect to factor in is whether or not it will help you to generate a return on your investment or increase the value of your business. If the answer is yes, it probably is the right time to borrow more capital.

Before applying for a business loan, make sure you ask yourself the most important questions first.

Pop-up Shop Ideas to Make Loyal Customers and earn handsome amount

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As we know that, in this busy era, where everyone thinks how to earn money in a short passage of time within a zealous and accurate way, here pop up shops permit them to make an effort and get loyal customers because satisfied customers play the role of backbone for any business.

Pop-up shops are small scale temporary business set up typically for 3 days to 3 months. This set up is beneficial to launch a new product and to sell past inventories. Pop up shops are also a source of fringe benefit for those who want to attain it as a part-time business.

Moreover, seasonal pop-up shops are remarkably run throughout the whole customary occasions. You may repeat your business by pop-up shops because these shops tend to create loyal customers as a result customers’ loyalty and positivity will be helpful to grow business.

Attributes of Loyal Customer

  • The likeliness of customers towards your product is the basic element to do business again.
  • You should make your customer happy by providing good customer services.
  • Your goods should be according to the customer’s choice. Customers can easily be compromised over the price of the product if they are influenced by your product.
  • You may increase your sales by making your brand essential in front of customers. They will keep purchasing as long as the brand remains necessary and important for them.

Promising Locations for pop-up shops

To choose the most promising location to start a pop-up shop, you must keep the selling product in your mind.

  • Choose the location which engages maximum customers.
  • High foot traffic areas are favorable for food pop-up shops.
  • Coffee and snacks pop-up shops can be open within shopping malls.
  • You can open pop-up shops within a store by collaborating with the brand company.

Ideas to build customers and make money with Easy to setup Popup Businesses

Here we have simple ways to make loyal customers despite which product you keep in the shops.

Pop-up Restaurants

Most of the time, it happens, food items at the shop are made and kept without proper hygiene. The staff of the restaurants including chef and management is entirely unaware to maintain hygienic and healthy food items. However the cleanliness of restaurants attracts more customers, this leads to an increase the growth of customers.

Pop-up Events

If you keep those articles in the shop which are according to running events then it is one of the simplest and easy ways to capture the attention of customer as you may contemplate your business for a longer time period because we as a society are associated with different types of occasions and events celebrated monthly, seasonally and annually.

Wearable Accessories pop-up Shops

It’s better to keep items that are not gender-specific. Some jewelry is also commonly wearable by both men and women. You may think of fashion apparel worn by both genders. If items are appealing to the customers then it will definitely give rise to the number of costumers.

Brand pop-up Shops

Instead of going door to door, you can choose to pop up shop as an alternative to launching your new brand. Besides, that quality of the brand should be up to the mark which is going to be launched. Once it is accepted by the customers, you eventually get loyal customers for a longer time.

Home decor goods pop-up

Every customer comes out from the home and definitely goes back home. A home is a peaceful place for everyone and they try to make it more comfortable for themselves. Pop-up shops having home decor goods are the most fascinating attraction for customers.

You must know how to create the necessity of your item in the eye of the customer. You may get regular customers if you successfully satisfy them.

Pop art make-up

Creativity with entertainment is always welcome by people and especially children like to get entertained more. Face painting is the business with less investment because this art completely depends upon the creativity of the mind.

Face painting is trending commonly nowadays, irrespective of age people want to experience it at least once. You may start pop-up shops for events connected with country, religion, and traditions.

Pop-up coffee shop

Pop-up coffee shops are running successfully in the malls. You may earn in a more appropriate manner by having a coffee shop. After purchasing, customers get tired, they need a pleasant environment for relaxation.

A coffee shop can provide a soothing and calm environment for exhausted customers. Some of the customers take old age family members with them; they hardly walk and get exhausted easily.

Elder persons can stay behind the customer in the pop-up coffee shops. The comfortability of the buyers makes them loyal in the sense; they might be the reason to boost up business.

Conclusion

The chief principle to run pop-up shops successfully is to make customers cheerful and satisfied. A happy customer gives rise to the business of all categories. Loyal customers may become a source to advertise your brand. By simple tricks, you can rerun your business.

Challenges Small Businesses face in US

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How do we define small businesses? Small businesses are private corporations, partnerships, or sole traders that have a smaller number of employees than bigger businesses.

According to the US and Canada, Federal Securities interpret a small business to have less than $25 million annual revenues and also has a publicly-traded stock of $25 million. 

3 Challenges Small Business Face in the United States

Forecast the Challenges 

Before starting a business, proper planning is very important. An Entrepreneur should plan realistically and carefully. He or she should predict all the possible challenges that can arise. The owner should do thorough research on the subject matter and should dig deep into successful businesses.  

Careful budget planning is equally important when it comes to starting a business. We should have a revised plan on cost-cutting methods and should weigh the benefits of investments.  

Integrity among the workers 

Right jobs for the right people go hand in hand in any business. What people don’t talk about is integrity among the coworkers. When hiring, education, and intelligence is easily evaluated but integrity is something hard to define.

According to the Pew Research Center, about 40% of the employees change jobs in a year’s time frame, and only 20% stick to the job for five or more years. 

A comfortable working atmosphere is very important. The boss should be approachable and easy to communicate with. The employer should keep sessions of training and also let his team acknowledge the goals that are needed to be accomplished in a day, week, month, and even a year. 

HealthCare Cost should be considered 

The US has made it compulsory for businesses to have health care. This is a challenge for the small business exceeding the number of 50 employees working together. In history, millions of Americans did not have health insurance coverage because it was unaffordable, the state would not enlarge Medicate, or it was not documented. Like in 2016, 25 million Americans were reported of such cases.   

Healthcare costs are increasing because of the rising administrative expenses. too many authorities exist in the US healthcare system that doctors are struggling to restore claims with insurance companies. 

How to Overcome Challenges 

An intelligent businessman is at the top of bringing improvement in profitability in the business. There are many ways to put this into action in any business.  

First, get rid of the small portions of the business that don’t give any gain as in money and waste time and energy. This will make the owner focus on the business activities that give profit and hence over time, bring improvement in such portions.   

Second, Streamline the cost. This is an effective way to improve profitability without compromising quality. This is accomplished by outsourcing certain costs of a business. By assigning, certain tasks and responsibilities to a third party, it will save time and unnecessary cost. Researchers have pointed out that proper outsourcing can cut down 80% of the operating cost! 

Lastly, always keep a lookout on partnership opportunities. It is difficult for a startup business to be cost-efficient. So, it is a wise decision for a partnership with another company. The partnership will benefit the business in many ways like combining the suppliers or pool recourses and buy larger quantities at a lower cost. 

Staying up- to- date 

We are in “the age of acceleration” meaning change in technology is constantly taking place. Investing in technology is beneficial and will make it easy to control all operations. In addition, it is crucial to have excellent communication among coworkers. 

If technology is used correctly, it could save money. For example, if meetings could take place virtually, then there is no need to spend money on furniture or warehouse rent. 

Conclusion

It is clear that a small business faces many challenges one after the other.  Winston S. Churchill used to say, “Success is not final; failure is not fatal: it is the courage to continue that counts.”

The most crucial thing to overcome the challenges for small businesses is to keep on going and face the challenges as they come.   

Importance of Social Media for Marketing of Small Businesses

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Social media has become the most important source of getting the attention of people and engaging even those people who you don’t know. You can reach anyone in this modern world by sitting at your place. And, social media is today’s most easy way to reach peoples.

Every Business no matter small or large needs to be marketed by themselves of hiring any agency for growth and to be successful. People use social media for fun, joy and, entertainment purpose. You can use social media for advertisement and marketing of your business. Here’s why advertising is important.

It Builds Business Image

If you start a business then obviously you would want to introduce it to the other world. You make websites about your business at which all the information about your business products, rates, policies, and other data is represented.

Then, the question arises about how people would know about business and products and how they would lead to your website to get more information about you?

To make the business successful, it is very important to increase the awareness of your business. The people with which you have relationships, they will know about your business through you. But, what about those people who don’t know about you and you also don’t know about them?

Both can know about each other only through offline and online media channels. So, you have to aware of these people by using the power of social media.

Social Media offers Targeted and cost Effected Ads

You can market your business through any channel of social media. It is not mandatory that you use all channels of social media like Facebook, Twitter, Instagram, linkDene, etc. Most of the companies use more than one channel of social media to make their business visible in front of the world.

You should advertise your business through FACEBOOK ADS because it is about 85% cheaper than GOOGLE Adwords.

Question is: What kind of Ads will work to grab the attention of people?

Social media offers targeted ads to solve this problem. Targeted ads mean you should make adds according to your products and their users and can make it visible to the specific users. If your product is related to study or education your ad will show in front of educated people.

So, you can target your audience through their interests, age, location, gender, brands they followed and their hobbies.

The Ad Matters

The content of your ads, its look and, the information is given in this also matters. The ad should contain links to your other social media accounts and your web. And its design should be eye-catching and look beautiful to attract the customer.

Communication and Relationship with Customers

Social media is the easiest way to reach their customers and product users. This is the only way to reach even thousands of your potential customers (about whom you do not know and they also don’t know about you) they may be in search of products like yours. So, you can engage your audience through social media.

Here, you can give an ad which should lead the viewer to your official website so that the viewer can choose one of his interesting product and order it easily.

You can know about the interests of your customers.

If the customer has some problems with your product or have any kind of complaint about your product then he can also contact you by using contact number or email. He will not do it through email or anything, he will always prefer to contact you through social media because it will be very easy and time-saving for him.

You should solve their problems by using social media to make your good impression and trust. You can make Facebook groups of your customers chat with them, to be frank with them and also can entertain them.

Facebook pixel is an app that gives you the opportunity to see what kind of people are viewing and clicking your ad and either they are getting curious about your content or needs any other retargeting.

Boost Sales and Website Traffic

You can boost your sales by increasing your website traffic only if the number of customers comes and see your product varieties.

Now, the question is this how to bring the number of customers to our website so that they change their mind and decide to buy the product?

The only solution to this problem is social media. Social media is the biggest platform at which more than 50% of the world population spend their 70% time of the whole day. Here, you should display your paid ads with informative, helpful, attractive and, eye-catching content. For this, you have to be active on your page and post regularly because people are always looking for new and modern information.

You should always be quick to reply to their messages. It will pay you more in the future. Because when you give respect, time and priority to anyone of your customer then he will be happy with your behavior and suggest others to buy your products.

In this way, you can boost your sales and increase website traffic.

Social Competition

This is the world of competition. Everyone wants to cross others in this race of business. If you are going to start a business and using social media to promote your business (it does not matter what kind of business) then you are becoming the part of this social competition.

Because your competitors with larger corporations are present before. It can be a very tough time for you at the start but when you pay full of your attention and hard work then you will be successful soon.

But when the term comes to compete with small businesses then some of them are using social media for marketing but most of them are not going well because of poor strategies. Now, if you make a plan, choose relative channel/platform and start your social media campaign with new and modern strategies then you can make your product loyal and convert it into a Brand and can go forward leaving behind others.

To be a vital part of this competition and come forward, you should know about the strategies, events, new products and modernizations/upgradations of your opposite companies.

For this, your presence on social media is necessary so that you are timely updated.

Last Words

I think social media is the backbone of the business. It has a vital role to give awareness to people about your business. Manual marketing is much less important than social marketing because social media covers the whole of the world but manually you cannot visit the world to promote your business.

Social media creates a connection between you and your customer sitting on another edge of the world. Therefore, social media has become the soul of every business.

Successful Small Business Ideas 2021

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So, you are planning to start up a business. It is a great idea. But you maybe not sure how to start a small business at home? There was a time if you wanted to start your own business, you had to grovel to your bank manager, have something extraordinary to sell, and then try to persuade real people to buy it, and then you had a market value in the world of business.

But that was before the internet era when there was no email, no social media, and no CRM software. Now a day, modern technology turned the whole world into a global village. All you need is to have good business communication skills.

Social media and marketing automation now dominate our lives. Today, for home-based, cheap and successful small business in UK; a decent business idea with internet connection and devotion to work is enough.

United Kingdom, UK, is one of the major economies of the world. It drives economy of many other countries as well. Real estate, manufacturing industry, and service industry are the contributor to GDP of the country.

small business ideas

After Brexit and other global economic events, the country is growing again and its change in GDP 2.3% is really a good indicator. So, this is the time for entrepreneurs to go through the most promising business ideas from home which are forecasted to make money in this market.

Homongous Successful Business Ideas in UK

For better understanding, we will categorize these businesses into different categories to answer your question that what is the best business to start from home?

IT business ideas; online business ideas

1. Bookkeeping Services

If you are good with numbers and take an interest in accounting. Then check out some free to use accountancy packages to offer bookkeeping services. Accounting is important to businesses, there is huge potential to provide these services at competitive pricing. You can use cloud-based wave accounting or open-source Gnu Cash.

2. Virtual Assistant

Perhaps the most lucrative assignment you can choose today. You can get your clients through sites such as Upwork, Fiverr. Choose clients, rates, and the working hours that work for you.

3. Social Media Consultant

The new marketing place is social media. Facebook and instagram help you to grow beyond boundaries. You can get complete professional courses with recognized certification through Twitter, Google, and Youtube.

4. Affiliate Marketing Work business ideas

Do you want to earn money for doing absolutely nothing? Yes it is possible by promoting somebody else’s product and services. For this work, you need a blog or website with good visitor statistics. And that is the tricky part.

5. Review Products Professionally

For this, make a profile on freelancing websites and offer your services as an “influencer” by leaving a review in exchange of money. The alternate way is to build your own website or blog and review products there.

6. Remote Secretarial Services

If you have excellent communication skills and you are well- organized then you can offer your services as remote secretarial services. This requires you to book a meeting, organize calendars, reply to emails, compose presentations, and answer phone calls.

7. Ebay Affiliate Business Ideas

In this commissioned base home business, you will need to work hard to sell other people’s stuff on eBay and take your commission.

8. App Developer

This is the internet business era. In the world of internet, new apps come out every day. This is the market of the future. For this, what you need to do is;

This business won’t need to invest much money to get started but yes; it requires your time and effort.

This requires a little bit technical knowledge.

9. Be a Business Plan Designer

There are plenty of people who have resources and ideas but they do not have clue how to present their concepts to appeal potential investors. This is a good option for you if you have an MBA-type qualification or you have owned your own business.

10. Freelance Copywriter

Every organization needs some employees to write for them. Now the internet makes it easy for employers to hire someone hourly beside on regular salary package. So, this need opened up millions of opportunities and you could be the one to provide them.

Get started with a website and create an online portfolio. If you do not have a portfolio then create one by working for free then showcase your work.

11. Blogger and Vlogger

If you have any passion or interest like sports, crochet, app development, fitness, or beauty. You do not need to write or talk about it. You can make videos and promote your site on social media and other types of advertising.

You can make cash by selling your items, advertising space on your blog and vlog, and reviewing products.

12. CV writer

Everybody wants a new job and for this they need a professionally written CV. If you can comprehend what employers are looking for, and then you can write CV accordingly then you can earn money.

Get started with a website or register yourself on freelancing sites like Fiverr, upwork, freelancer etc and promote yourself also on social media like Facebook, youtube, and Instagram.

13. Photograph Selling

If you are a professional photographer or have an interest in photography then you can make money by selling your pictures on photo-selling websites. Gettyimages.com and flicker.com are the sites where you can establish yourself.

14. E-commerce Business Idea

You want to sell your products but you cannot afford an actual shop. Set yourself up online and sell all over the planet.

15. Travel Planner

If you are well organized then this is good for you. Many people have ample money and love to travel. But due to shortage of time they cannot make arrangements of traveling like flight booking, hotel, and car rentals.

With an eye for a bargain, you could make a living as a travel planner to people who are cash-rich and time-poor.

16. ebook Writer

If, you are knowledgeable on a particular subject and you can write a short book about it. Then write it and publish it on the Kindle store.

You can sell your book online here or on Amazon and other sites.

17. Online Clothing Store Business Ideas

The online clothing store is an $80 billion-a-year business. However, starting a successful online clothing store is not just buying a domain and placing an advertisement.

Step one chooses a niche for your site that has earning potential.

Step two is; you have to decide about the products you are going to sell. Because the clothing market is almost infinite so be specific. You can try Ladies, Kids or Gents clothing and start with either winter or summer collection suits.

Step three is to focus on your end goal. This will enable you to implement new trends.

Step four: Outline your business plan for further implementations. Outline your market, your potential shoppers, your products, and list of your competitors.

Step five: And the most important step is to bring traffic to your newly launched online clothing store. Social media marketing is effective and biggest traffic drivers.

Food Related Small business Ideas

Life is becoming very fast and new trends highlight the increased demand for street food, fast food, and plant proteins.

18. Street Food Business Idea

Food trucks selling Indian food with zingy vegetables and drizzled in chutney or Italian Pizza and Pasta could become a common sight. Fasten your seat belt and set up your own street food van.

19. Health Food

People are concerned about their health and they are exploring alternatives to staple foods. This is the time to start a health food business that stands out.

Cleaning Related Small Business Ideas

In UK, half a million people working in the cleaning industry and its worth is around £5.6 billion. It is a competitive industry but think about areas you are interested in and can start a business around it.

20. Windows Cleaning

If you have interests in it then go for it. New equipment for window cleaning made this work easier and now you can work from the ground.

21. Carpet and Sofa Cleaning

Carpet and Sofas always need cleaning. People may turn to a carpet cleaner to get their sofa and carpet look tip top.

22. Car Washing

People love their cars but do not have time to keep them in tip top condition. A mobile car wash business could capitalize on this.

Home Based Creative small Business Ideas

23. Furniture refinishing business ideas

People who love art and a little bit of old school in their lives. They want to refinish their vintage furniture with a touch of modern design. Pick up old furniture and do it up and then sell it.

24. Baking Retailers

You can bake cake according to the desire of the people and sell your awesome creations.

25. Event or Party Planner business ideas

If you are well organized and can keep minor things in the record then you can become a successful event planner. 

Obviously some of these home-based small business ideas have more earning potential than others. These works may help you to earn part-time or on weekends. Explore your talent and interest and then plan what kind of business suits you and help you to grow in this technical era.