Business Idea Checklist

December 31, 2016 | Filed under: Business

A small business is determined as any business that grosses under $4 million per year!!

 There are several options available for anyone considering small business ownership including: home-based businesses, franchises, network marketing and existing businesses for sale. For those interested in starting a home-based business, we have included some ideas for consideration.

Start-Up Home-based Businesses

Following is a list of more than 50 business ideas that you can start on a part-time or full-time basis for as little as $1,500.

 

  • Advertising Sales
  • Alterations
  • Aluminium Recycling
  • Animal Breeder (dogs, etc.)
  • Appraiser (property)
  • Artist (freelance touch-up artist)
  • Arts/Crafts Instructor/Designer (T-shirts; silk flowers; etc.)
  • Auto Mechanic
  • Baby Sitting
  • Bookkeeping Service
  • Cabinet Maker
  • Cake Decorator
  • Calligrapher
  • Canoe Rental & Charter
  • Caregiver (elderly)
  • Carpentry (carpet laying; painting)
  • Ceramics
  • Chair Caning
  • Child Care
  • Cleaning Service (domestic or commercial)
  • Computer Programming Consultant
  • Computer Systems Trainer
  • CPR Instruction
  • Consulting Service
  • Courier
  • Golf Instructor
  • Graphic Artist (freelance)
  • Guitar Lessons
  • Interior Design Consultant
  • Junk Dealer
  • Lawn Maintenance (landscaping)
  • Masseuse
  • Music Instructor
  • Obedience Training
  • Pet boarding/grooming/training
  • Photographer (free-lance for ad agencies; real estate publications, etc.)
  • Piano Tuner
  • Plant maintenance (home/office)
  • Plumbing
  • Repair work (televisions. VCRs, computers, etc.)
  • Resume Service
  • Screen Printing
  • Swimming Instructor
  • Tax Preparation
  • Tree Trimming
  • Tutor (reading, writing, etc.)
  • Upholsterer
  • Vending Machines
  • Videotaping (Weddings; Parties; construction sites; new
  • Developments, etc.)
  • Wedding Consultant
  • Writer/Editor (freelance)

 

Franchises

Franchises require a larger investment. The owner pays the initial franchise fee and a percentage of gross sales as royalties to the franchisor. Start-up costs can range from $2,500 to $600,000 and higher.

Network Marketing Opportunities (MLM)

There are a variety of network marketing opportunities that are relatively easy to start and do not require a large investment. In addition to the income received from your own production, MLM opportunities offer residual income from the efforts of others. Enrolment fees are nominal and can vary from $50 to $100.

Businesses for Sale

There are dozens of publications that advertise businesses for sale in locations around the country and a multitude of business brokers in the market. Finding an existing business for sale is easy, finding the right business is more difficult.

Profile of Start-up Opportunities

Considerations Multi-level Franchise Buy Business Build Business
Initial Investment small extensive varies usually small
Inventory minimal moderate varies/moderate varies/moderate
Legal simple extensive varies usually simple
Cash Flow minimal substantial varies moderateB

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