How to choose a business idea

The working week has increased significantly over the last few decades, this has led to many busy professionals not being able to find the time to shop for and prepare healthy/delicious meals. This goodtimebob.com means that they typically keep a very small core team onboard at any one time . This model has lead to the industry heavily relying on contractors to come and work on a project by project basis.

  • The beauty of creating a business that offers cleaning services is that it’s incredibly versatile and can grow at your own pace.
  • You’ll also need to have a Blue Badge qualification and put in place the necessary public liability insurance.
  • Many times, businesses or individuals require equipment for one-off use or a limited period, in these cases, it’s almost always cheaper and more resource-efficient to rent equipment than purchase it outright.
  • However, you are still responsible for your own marketing and customer service.

At the end of the semester, offer to buy your classmates’ second-hand textbooks. Chances are they’ll accept a fairly low price as it saves them having to go through the hassle of selling it online themselves. Bruce Daisley, Sunday Times bestselling author and host of the UK’s number one business podcast Eat Sleep Work Repeat, speaks to Workspace on developing company culture in a pandemic. To become a successful voice-over artist, you’ll need to become a master of conveying meaning through language, intonation and pitch (you can find many voice-over courses on the web). Next, you’ll need to secure yourself decent microphone equipment and if you’re doing your own editing a sound editing software (i.e. open-source software like Audacity).

Boat Cleaning

Your business idea should play to your strengths, and enable you to draw on your existing knowledge, experience and contacts. It is not sensible to start again in a completely new industry, working on an area in which you have no experience. Establishing a business—even one that operates from your kitchen table—is not a trivial undertaking. From having the right business idea, to registering with the necessary authorities, and having the right people involved as employees or advisers, there is a lot to think about. You might be surprised, but simply asking for money is not enough. Running out of cash is – you guessed it – reason #2 why startups fail.

The final step in the development process is to decide on the legal form of your business. You may also find it useful to read pages on specific tools like Porter’s Five Forces. You may entertain the possibility that among them there are ones that address the same problem as you do. What you believe to be true gets very quickly verified by the real world. But it also means that by getting actual traction you get a very strong argument supporting your vision.

Bookkeeper

To market your voiceover skills, you can start by listing yourself on freelancer websites like Fiverr to build up a portfolio. As you build your portfolio, you’ll want to set up your brand and website and started targeting larger clients and charging higher prices. In terms of marketing your recycling business, you can start by sending letters to local businesses and organisations who you would assume have a good deal of waste. For example; schools are constantly upgrading their IT equipment, much of this outdated hardware is simply thrown away and could easily be resold at a profit in many cases. To start a recycling business, you’ll need to assess whether you want to focus on household or business waste and choose the right materials/products to recycle/resell for the highest return.