Advertising
Advertising

Published on October 1, 2018

15 Stellar Startup Business Ideas for the Burgeoning Entrepreneur

15 Stellar Startup Business Ideas for the Burgeoning Entrepreneur

We live in a gig economy and more and more people are embarking on new business ventures for themselves. In 2016, nearly 34 percent of the workforce was made up of freelancers and that’s expected to rise to 43 percent by 2020.

Whether you’re looking to leave your full-time job behind or embark on a rewarding side hustle, it’s never too late to channel your entrepreneurial spirit. Because we live in such a technology-driven society with the internet allowing us to connect with customers around the globe, launching and maintaining a startup business is easier than ever.

Here’re 15 stellar startup business ideas for the burgeoning entrepreneur:

1. Online Coaching

If you know how to do something well and enjoy teaching others, launching an online coaching business can be one of the most rewarding business endeavors out there.

Whereas pre-internet, you would largely be limited to the people in the city you live in, a camera and internet connection is all that is needed to share your skills with the entire world.

Looking to get started?

  • Write down three skills you’re really good at.
  • Break them up into how-to steps.
  • Begin putting lessons together.

Whether it’s offering dating advice, teaching music or yoga lessons, people are willing to pay for specialized coaching.

2. Social Media Management

If you haven’t noticed already, social media is everywhere and every business on the planet is looking to use it to expand their customer base. It’s how businesses attract new customers and keep existing ones informed about new products and services.

Creating social media posts for businesses and launching campaigns that truly go viral isn’t easy, but for those with a wild creative streak, it can be incredibly lucrative.

If you have experience in navigating the ever-changing social media landscape, the sky’s the limit for expanding your client base.

It should also go without saying that being an expert in social media strategy will prove incredibly useful in growing your own business.

3. Healthy Option Vending Machines

After years of unhealthy processed foods, we’re seeing a movement towards more health-conscious fare. It’s happening in the restaurant biz, and vending machines are likely next to ditch the empty calories.

Advertising

Employers want their employees to stay healthy. It means fewer sick days and higher rates of productivity. It’s why so many businesses are looking to ditch the standard junk food vending machines and bring in healthier snacking options.

The healthy vending machine wave is already a strong $43 billion and growing industry and new entrepreneurs have the option of launching with a single machine or fleet of any size.

4. Flipping Websites

Flipping houses is so 2010. Plus, it’s incredibly hard labor and there’s no telling when the housing market is going to take another downward turn.

If you’re willing to do your research, flipping websites can equal some fast cash — though it does require some skill.

Through buying and selling domains on your own or using existing platforms like Flippa.com, this is a business with absolutely zero overhead. When you factor in that every new business is launching a website and a good domain name is everything, this online business will be around for quite some time.

5. Virtual Assistant

If it has the word “virtual” in the job title, then you can bet that it’s a growing industry. There are quite a few companies out there looking online for remote help and assistants are one of the leading roles they’re looking to fill.

As a virtual assistant, you’ll pick clients whom you enjoy working with and will manage their emails, schedule meetings, and complete other tasks that they need done in order to help their lives and businesses run a little smoother.

This startup industry should be especially appealing to somebody who is well organized and prides themselves on planning and helping others.

6. Crowdsourcing

It’s a term you’ll find littered throughout media outlets like Forbes and The Wall Street Journal, and for a good reason.

Renting is more popular than ever. People would much rather pay a few bucks to borrow X or have somebody do X task for them.

It’s precisely why mega crowdsourcing companies like Takl and Upwork are booming and long-established companies like Budweiser and Coca-Cola are embracing the trend.

Looking to launch your own crowdsourcing business?

Advertising

  • Build a platform where people can list their goods or services.
  • Get it in front of your intended audience.
  • Take a fair cut of each transaction.

Find the right niche and you just might have the next Airbnb on your hands.

7. Drone Photography

Few technologies have seen the boom in popular culture the way drones have and it’s estimated that some 600,000 are currently in the skies today.

Offering photo and video options that would have previously costed thousands of dollars and required the use of a helicopter, drone photography is a booming industry.

Resorts use them to capture the grandeur of their lodgings from above, farmers use them to monitor crops, and newlyweds use them to take wedding selfies.

With a higher-end drone and good camera, an operator can tackle any number of projects.

8. Property Management

From housesitting to managing a vacation rental, ensuring that one’s property is properly cared for is a service that will always be in demand. Property owners may not be around to handle things like managing repairs or tackling the needs of renting guests and will need reliable help.

It will take some willingness to be flexible in your schedule and knowing somebody who needs their home or property managed will help to help to establish early clients. With a large enough portfolio though, this can be a very profitable business.

9. Eldercare

There are more than 74 million baby boomers in the United States today and as they age they want to continue the lifestyle their accustomed to. Most of them want to continue to live at home, but as they grow older they’ll be in need of more at-home care.

Because of this, there is a wealth of opportunity for businesses that serve the various needs of senior citizens.

Whether it’s helping out with driving and delivery services, cleaning, landscaping, pet care, or medically-specific requirements, this market is a deep well of possibilities for anyone who enjoys serving others.

10. Monthly Box Services

Subscription box services are one of the fastest growing startup businesses today and the vertices for these services are nearly endless.

Seriously, they range monthly tie subscriptions like Spiffster to Cuban snack services like Abuela Mami.

Advertising

The business model is so appealing because it allows you to zone in on offering a premium service to a particular niche with continuous recurring revenue.

As the business grows, you can branch out to other products that people may want monthly or bi-monthly. This is exactly how Dollar Shave Club grew from nothing into a company valued at over $600 million.

11. Website Consulting

Remember earlier when we pointed out how every business needs a website? Well, many of them have no idea how to build or maintain a website and turn to outside help in order to get their business on the web.

If you happen to be an IT wizard with an eye for design, then the opportunities to custom build websites are endless.

You’ll need the patience and know-how to deliver a stellar website that aligns with your client’s vision, but you’ll be able to charge several hundred dollars for getting their idea up and running online.

12. Plus Size Clothing

With all the technology focus on this list of stellar startup ideas, launching a clothing business kinda seems out of place.

Customers and retailers are looking for more diversity these days and want collections and products that appeal to every body type.

There’s a real need in the fashion industry for more startups dedicated to curvy bodies and with 25 percent of women browsing through the plus size section while shopping, opportunities abound for the right products.

13. Professional Organizing

Just like virtual assistant, property management and website consulting, there’s a large market out there for those who can make life and business a little easier for others.

If you can declutter an overwhelmed mom’s closet or help a business owner finally tackle the storage room that hasn’t been organized since the Clinton administration, your services will be put to use.

Obviously, this job is only for those who are highly organized and have an eye for making the most out of any sized space. As long as people are messy though, this job will need to be filled.

Bonus: Combine it with crowdsourcing and expand your business faster.

Advertising

14. Gadget Repair

Cell phones and tablets are in the hands of everyone, yet most of us don’t know what to do past turning the device off and back on once there’s a problem.

People put their entire lives into these devices and can’t fathom the thought of going a day without them.

If you can repair a smartphone or tablet with a quick turnaround time, then you’ll always have customers.

Companies like iDropped smartphone repair are going national, but with the market for this service being anyone with a cell phone — so, everyone — this industry is going continue to grow.

15. SEO Management

As long as people continue to use their smartphones, tablets and laptops to find their next Chinese restaurant/ landscaping company/ personal trainer, this business will be around.

Businesses big and small want to do everything possible to ensure that customers can find them when a keyword is plugged into Google, and those who know how to work that internet magic are in high demand.

Knowing how to manage SEO really well isn’t something that one stumbles onto, there are hundreds of algorithm classification factors; but it offers a passive income route to earn serious online revenue.

Bonus Advice!

Our world is only becoming more digital with every passing day and those who can figure out how to combine the best aspects of existing businesses with new niches will pull ahead of the pack.

Several of the business ideas above offer the potential to be incorporated into each other and provide you with a greater chance for entrepreneurial success.

Good luck out there!

The Bottom Line

While the business world is constantly changing and trends come and go, there has never been a better time to be a burgeoning entrepreneur.

The internet has allowed us to reach a greater audience faster than ever before and with that comes not only new businesses, but new ways for old business ideas to find greater success.

All of the business ideas above are on the upward swing, but it’s up to you to find the one that fits best and make it your own.

Featured photo credit: rawpixel via unsplash.com

More by this author

Chris Porteous

Content Marketer | Lead Generation | SEO Expert | Business Consultant | Investor & Director

Feel like Giving Up? 16 Way to Help Entrepreneurs Stay Motivated 15 Stellar Startup Business Ideas for the Burgeoning Entrepreneur

Trending in Smartcut

1 7 Natural (And Highly Effective) Ways to Improve Memory 2 How to Ask for Help When You Need It Most 3 Do You Have to Give Everything Up to Get a Fresh Start? 4 You’ll Only Live Your Best Life Once You Step Out 5 There Is More to Life Than  ____________

Read Next

Advertising
Advertising

Last Updated on October 18, 2018

10 Key Characteristics of a Highly Successful Entrepreneur

10 Key Characteristics of a Highly Successful Entrepreneur

When it comes to starting your own business and pursuing your dream of becoming an entrepreneur, it can be advantageous to go all in and embrace the flexibility of finally quitting your day job.

Keep in mind, though, that it takes a special kind of person to take the business world by storm: a person who has cultivated the key characteristics of entrepreneurial success.

People with these characteristics are likely to succeed, whereas people without them have difficulty moving forward with even the most brilliant business ideas.

These characteristics of an entrepreneur are so important that I’ve decided to cover all 10 of them in detail so that you can start your business with your best foot forward.

1. Successful Entrepreneurs Practice Discipline

Plenty of business experts claim that you can’t get anywhere as an entrepreneur without vision or creativity, but that’s simply not the truth. Instead, the one quality that no entrepreneur can be successful without is discipline.

To build an idea into a business, you have to have the discipline to spend time slogging through the least fun parts of running a business (like the bookkeeping), rather than taking that time to do something fun.

Andrew Carnegie, one of the most financially successful Americans of all time, grew up working dull and difficult jobs in factories. Despite going to bed hungry some nights, he continued doing his best work. He was eventually hired by a railroad company and continued to move up the ladder until starting his own successful businesses. Carnegie is a fine example of an entrepreneur dedicated to discipline and hard work. He truly earned his dreams of prosperity and success.

When you’re the boss, there’s no one to keep you at work except yourself — and there’s no short-term consequences for skipping out early.

Sure, if an entrepreneur plays hooky enough he knows that the business just won’t happen, but it’s very hard to convince someone that ‘just this once’ won’t hurt (and to keep ‘just this once’ from becoming a daily occurrence).

Advertising

2. Successful Entrepreneurs Keep Calm

Things go wrong when you run your own business.

Most entrepreneurs go through crises with their businesses — and more than a few wind up with outright failures on their hands. But when you’re responsible for a business, you have to be able to keep calm in any situation. Any other reaction — whether you lose your temper or get flustered — compounds the problem.

Instead, a good entrepreneur must have the ability to keep his cool in an emergency or crisis. It may not make the problem easier to solve, but it certainly won’t make it harder.

Honestly, losing your calm is a quick path to becoming the kind of person who gives up in the face of adversity. Instead giving in to frustration, remember classic entrepreneur Benjamin Franklin.

Franklin kept his calm as he experimented and tweaked his inventions again and again in pursuit of success. He didn’t give up during his many failures – he chose to innovate. You can choose innovation, too.

If an entrepreneur can handle failure without frustration or anger, s/he can move past it to find success.

3. Successful Entrepreneurs Pay Attention to Details

Restricting your attention to the big picture can be even more problematic than ‘sweating the small stuff.’

As an entrepreneur, unless venture capital has magically dropped out of the sky, a small expense can be a killer. It’s attention to detail that can make a small business successful when it has competition and it’s attention to detail that can keep costs down.

Attention to detail can be difficult to maintain — going over ledgers can be tedious even when you aren’t trying to pay close attention — but keeping your eye on a long-term vision is just asking for a problem to sneak in under a radar.

Advertising

After a business grows, an entrepreneur might be able to hire someone to worry about the details. In the beginning, though, only one person can take responsibility for the details.

Skeptical about the importance of details? Look no further than Howard Schultz, who grew a small coffee shop called Starbucks into one of the most globally successful coffee businesses in the world through his extreme attention to detail.

He is famous for taking all aspects of growing a business into account, paying attention not only to financially smart business decisions, but also focusing on socially responsible business decisions. Details can take you far.

4. Successful Entrepreneurs Embrace Risks

No entrepreneur has a sure thing, no matter how much money s/he stands to earn on a given product. Even if a product tests well, the market can change, the warehouse can burn down and a whole slew of other misfortune can befall a small business.

It’s absolutely risky to run a business of your own and while you can get some insurance, it’s not like most investment options. Even worse, if something does go wrong, it’s the entrepreneur’s responsibility — no matter the actual cause. In order to deal with all of that without developing an ulcer, you have to have a good tolerance for risk.

You don’t need to channel your inner frat boy and take on absolutely stupid risks, but you need to know just how much you can afford to risk — and get a good idea of how likely you are to lose it. If the numbers make you uncomfortable, the risk is too great.

Embracing risks is essential for growth and additional success, as well. Walt Disney, for example, could have stayed comfortable with his advances in the film and animation industries, but decided to expand his brand with a new dream: a theme park that soared above the competition. Without taking this risk, the incredibly successful Disney theme park empire would never have come about.

An entrepreneur has to be willing to accept pretty big risks, with some level of comfort.

5. Successful Entrepreneurs are Balanced

You can take any characteristic too far. There’s a point at which attention to detail can become obsession or calm can become unemotional response.

Advertising

As an entrepreneur, you have to be able to balance your characteristics, getting the most of them without going over the edge. But balance for an entrepreneur goes far beyond keeping your characteristics in check, though.

Just as an entrepreneur doesn’t have a boss to keep them at work when necessary, they don’t have one to send them home when they’re done. If you are working for yourself, you have to decide how to balance your work and home life — and if you have a day job to add into the equation, balance just gets more complicated.

Oprah Winfrey, one of the most successful and influential entrepreneurs out there, understands the importance of balance. Winfrey has a lot going on; she runs her own media kingdom, acts, produces films, publishes print, and more. In an interview with Fast Company,[1] she talks about her efforts to balance priorities and self care, saying that she must ask herself what is truly important in each limited day.

You may or may not have as much on your plate as Oprah, but learning how to balance whatever you have going on in life will certainly help you farther along down the road as you learn to be a great entrepreneur.

6. Successful Entrepreneurs are Passionate and Motivated

In order to develop any of the above characteristics, you must have a foundation of passion. Staying disciplined day after day during the building of your business takes unrivaled motivation.

Before you start any business, ask yourself if you can sustain true excitement about your idea during even the darkest days ahead of you. If the answer is yes, then good for you! Nurture your natural motivation by taking these action steps throughout your business journey:

  • Commit to making short and long-term goals. Check in with them often to stay on task.
  • Have a plan in place for the inevitable days when you feel discouraged. Make a list of things that will help keep you motivated and focused.
  • Share your ideas with trusted individuals who are just as excited as you are. They will help keep your enthusiasm rolling even when you are feeling down.

By being prepared for apathetic days and holding fast to your authentic passion, you can actually enjoy your journey to success.

7. Successful Entrepreneurs Adapt

Remember this one word: flexibility. Seasoned entrepreneurs know that change is not only a part of life, but also a part of the business world. Expect change and choose to adapt.

As a new entrepreneur, it will be tempting to cling to your original business plan with no exceptions, even if you notice it isn’t working. Good entrepreneurs know that it’s okay to make smart, informed changes in order to ensure efficiency.

Advertising

8. Successful Entrepreneurs are Marketing and Sales Experts

No matter what kind of business you are starting, a knowledge of marketing and sales will save you many headaches. A passion for creating a beautiful handmade lifestyle product is not enough to run a successful lifestyle brand; it is critical that you understand key business principles in addition to your natural skills or great product line.

Not sure how to start? Taking business courses is a great idea, but you can also easily brush up on sales and marketing through free online resources. Check out these 10 Sales Skills Everyone Should Master To Be Successful to begin now.

9. Successful Entrepreneurs Have Strong Money Management

Along with sales and marketing skills, money management is a very useful tool in the box of the entrepreneur. Understanding how to best manage your money can be the difference between early success and early failure in the business world.

If money management isn’t your strongest skill, prepare to hire a financial expert to help you with any tricky business that comes up. Financial guidance and knowledge is never a bad idea.

10. Successful Entrepreneurs Ask Questions and Continually Improve

Pride is a natural human quality, but it’s important to humbly conduct some constructive criticism every now and again on both yourself as a leader and your new business as a whole.

Assess how things are going and be willing to make positive changes if necessary. Here’re 15 ways to cultivate lifelong learning.

If you are always improving, then how can you ultimately fail?

The Bottom Line

Let me remind you of one important fact: the qualities of an entrepreneur listed here are not exclusively available to some people and elusive to others.

Although some people may have natural strengths and weaknesses, these qualities can be learned by anyone interested in taking up the entrepreneurial challenge. It might not be easy to change old habits, but it is absolutely possible to cultivate these characteristics in yourself.

Whether you’re a business owner or an aspiring entrepreneur, with hard work, you can train yourself to develop the qualities that truly determine the entrepreneurial spirit and future success.

Featured photo credit: Unsplash via unsplash.com

Reference

Read Next