Everybody wishes to start their own business at some point in their lives, but it’s a tedious job bringing that idea to life. That’s why when they see the hardships and hurdles of the way to become an entrepreneur, they give up. But let’s tell you: building and running a business doesn’t have to be super-difficult — provided you’re investing in the right industry with the right mindset. Plus, your business idea should be attractive and profitable at the same time. If you’re struggling to find a great business idea to start with, you’re at the right place. Here are the top 6 business ideas we have handpicked for you as a young entrepreneur.
- Consultancy
If you have learned some solid skills about a specific area during your work life, you can put it to good use by starting a consultancy business. For instance, if you have worked as an HR agent in a company for a long time, then you know all the basic and advanced things about managing human resources. You can start your consultancy company and charge people money for your services. You can start such a business solo, and hire more consultants over time when you have a kickstarter.
- Online teaching
Due to the COVID-19 pandemic, the value of online learning has been boosted tremendously. With that, the need for online teaching increased as well. That opens tons of opportunities for people who are experts in a specific field.
Let’s talk about your HR experience, again. You can set up online classes about various HR tactics and sell your courses for money. Plus, this business idea doesn’t require a lot of financial investment — it just demands your time and dedication.
- Freelance software development
If you’re from a computer science or software engineering background, you already know the basics of software development for different platforms. Take an online course to enhance your skills if you haven’t worked professionally in the field. Then, start your own micro agency and provide software development services.
You can start solo, and hire more developers as your business grows.
- Cannabis
Cannabis is a new booming industry that has tons of potential for young and experienced entrepreneurs alike. The industry is not congested like many others are, making it an ideal option if you have a great business plan.
Research some solid ideas within the industry, and work to get them to reality. Once you have made your cannabis investment and your business is up and running, the industry might have a lot to offer for you. You will certainly not regret it.
- Freelance writing
If you know your way around words and know some marketing strategies, you’re good to go as a freelance copywriter. You will still need to take a course and get some experience before you can call yourself a professional, but you can start with minimum investment.
Once your solo business is working well, you can eventually develop into an agency with multiple writers taking on international projects.
- Digital marketing
Another business you can start solo is a digital marketing firm. If you know how to market products or services on different platforms, you can start selling your time for money. Whether it’s SEO, content marketing, social media marketing, or anything else you’re good at — you can start providing your services alone and eventually develop into a small company.
Make sure to join multiple freelance and job board platforms to maximize your client input. Diversify your sources of income so there’s minimum risk involved.
The bottom line
Starting a business isn’t an easy task. It requires a lot of time and effort from your end. However, the businesses mentioned above are comparatively easier to start due to the minimum investment needed or high industry potential. Research the options that interest you, and then pick the one that aligns with your ideology.
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