Business Ideas

Printing and Publishing,Sports, Travel Business,Wedding Business, Wholesale and Retail Businesses

Business Ideas

Inport, Export, Manufacturing, Marleting,Oil and Gas, Online and Internet, Pet Business, RealEstate

This is 4profitablebusinessideas.com

We feature lots of small business ideas from various industries.

Business Ideas

Age grade,Agriculture,Farming,Art and Craft,Business Services,Education,Beauty and Personal care business ideas.

Business Ideas

Fashion and Style, Auto and Transport, Food, Healthcare,Entertainment and Events, Work from Home

Welcome to our website.

Starting a Home Based Business

Any business venture requires proper equipment and an office location. Stating a home business is cost effective and lucrative. However the business owner needs focus, proper networking and an enabling environment for good productivity.
Apart from office equipment you need proper involving, storage facility and software. There are web based software for tracking orders and outsourcing opportunities.
business owners
What are Your Skills?
In assessing your skill level you could start with your qualification. If you have a Bsc in accounting you could concentrate on offering accounting solutions.
A graphic artist could offer logo design, advertisement or monogram services. Developing the business based on your interest or educational knowledge would provide an edge over your competitors.
Brainstorm a Business Idea
The way to brainstorm a business idea is with people of like interest. The business ideas should reflect your interest and services needed in your geographical location.
There are lots of business possibilities such as craft making, bookkeeping, consultancy and secretarial services. More includes web development, graphic artist, voice over technician or blogging. Once you have listed the ideas, narrow the field to choose a single niche.
Choose a Niche
The first thing to do is to choose a niche. The niche should align with your talent, certificate or interest.
Make sure you are passionate about the business or eager to learn. Self employment is tough and you need hard work and dedication to succeed. You also need lots of perseverance, innovation and entrepreneurial skills.
Office Equipment
General office equipment needed for smooth running includes a desktop computer and printer. Other equipment’s are fax machine, scanner, and a landline.
You need stationeries such as pen, writing pads, bond papers and pencils. You need a modem for internet connectivity, video conferencing, digital voice mailing and other services.
Build a Website
Build a website for your business by choosing a good domain name. Purchase a host plan and design the website. If you have an ecommerce site add products, description, price and shopping cart.
Make sure the website has an about us page, privacy policy and contact information. Don’t forget to add a dedicated phone number. You might need merchant services, drop shipment and other deliver systems.
Printed Items
Printed items used by businesses include letterhead papers, invoice, receipts and complementary cards. For advertisement purposes you need flyers, billboard, signboards and posters.
  • letterhead papers
  • invoice
  • receipts
  • complementary cards
  • flyers
  • billboard
  • signboards
  • posters
Dedicate an Office space
It is important dedicating a space in your home for office work. Furnish the space appropriately with your laptop, printer, scanner, phone and note pad.
  •  Laptop
  • Printer
  • Scanner
  • Phone
  • Note pad
  • Stationery
  • Modem
  • Land Line
Home Based Suitability
Not every business is practicable from home. Make sure the business you choose is practicable from home. Browse online to find a list of home based businesses based on your talent. Once you locate the business make sure it has good profit potential.
Business Planning
Many home based businesses fail in the first year after implementation. This is because the business owner has not done adequate research.
Find out if the product could provide sufficient income and is popular.  A good way to remain solvent is to run a part time business alongside your home business.
Product Pricing
The product pricing should be competitive and offer good margin. To succeed the business owner should earn enough to pay utilities, rent and make profit. Other considerations are internet connectivity fees, hosting and domain name.
Write a Business Plan
Once you have all the parameters write a business plan. The plan should highlight product, pricing, advertisement and wages. The product could have both online and offline applications. The plan would show the viability of the business.
Advertisement
Advertisement is very important to the growth of a business. That’s why huge conglomerates spend millions on advertisement. Use newspaper advertisement, print and online resources.



How to Become a Flee Market Vendor

Someone that sells products or services at flee market is a vendor. Setting up your store is easy and straightforward however you need seed money and transportation. The business is practicable full time or part time.  You could run the enterprise alongside a tertiary store, online store or while on full time employment.
Things to Sell
Finding the right things to sell will guarantee success. Study the competition and find out their best selling items.
Carry out a research by visiting different flee markets in your locality. Another way is to find good deals on items. You could start by clearing your house of unwanted inventory.
Startup Fees
The amount you need to start the enterprise is small. Most vendors spend less than $1300 to launch the business.
Organizers charge a nominal fee at a daily or monthly rate. Recurrent costs include space rent, transportation costs and inventory. You can start the business through personal savings or small loans from friends and family.
New entrants into the business should rent daily and avoid monthly costs. This is an effective way to study the location, customer respond and interests. You don’t have to tie down cash to find out popular products.
flee market
Type of Space
The Type of space depends on the infrastructure and location. The space could be in a large hall with an open plan or demarcated into small stalls. Others are organized in an open field, street corner or permanent location. They could offer booths, covered areas or tables.
  • large hall
  • open plan
  • small stalls
  • open field
  • street corner
  • permanent location
  • booths
Legalities
There are not many restrictions for vendors. However organizers need government and state permission to run a flee market. Vendors need sales tax identification number and value added tax for some items.
Other restrictions include food handler’s health certification and some prohibit items. Common items not allowed are animal fur, ivory products, or endangered animals. Business registration is not mandatory and you find many private individuals selling their wares.
How to Find a Flee Market
Finding the right market could differentiate between success and failure. The market should fit your inventory, attract lots of customers and is cost effective.
Find one in close proximity to your residence to reduce transportation costs. Use online directories such as Clark’s Flea Market Directory to find markets. Others are Collectors.org and U.S Flee market directory.
Another way is to visit your local government and find out if they have a list of flee markets. There are also impromptu locations were vendors sell from the back of their vehicles.
Where Flee Markets are organized
Flee markets are organized in parks, street corners and open fields. Other locations are within large halls, parking lots, supermarkets and convenient stores. You also find them in social gatherings, pedestrian walk ways and church premises.
How to Sell
Flee markets are highly competitive with vendors selling different items. To get ahead of the game, stock quality items and provide good customer service.
Make sure the items are priced appropriately and accept multiple forms of payment. You could accept cash, and use a POS machine. Provide simple packaging such as paper or nylon bags and issue receipts.

10 Steps to Starting a Business While Working Full Time

The question is how to start a small business while holding a full time job.  It is highly challenging and demanding. However many people have managed to build six figure companies from scratch.
Quitting your job is not the solution because you need to pay utility bills, rent, school fees and feed. Statistic show that 40% of new startups fold within he first year.  
Running a business demands your full attention, funding and strategizing. So everything is stacked up against you yet the urge still persists. If you have an ingenious idea and serious conviction then here are 10 steps to starting a business while gainfully employed.
office workers
Ten Steps to Starting a Business While Working Full Time
1.Validate the Idea
Having an idea is all good however translating it into profit is difficult. Test the idea through product testing, customer reviews and surveys. Develop a prototype and study reviews and feedback. Use research companies to test run the product on your behalf.
2. Set Goals
You need to set achievable goals and benchmarks. The goals include increasing customer base, getting more distributors or forming viable partnerships. Don’t treat your business as a hobby but a serious enterprise.
3. Define the Business Structure
Before starting any business you need to define the business structure. Write a business plan that accommodates change in prices, consumer interests and product choice. You can list out the business objectives, goals and aspirations. Define the target audience, product, major costs and customer demography.
4. Study your Employer’s Terms of Engagement
Study your employer’s terms of engagement to prevent future litigation. Go through the employer agreement, non-disclosure clause and other binding agreement.
Make sure the business you conceive is entirely different from your employer’s core business. This is because of intellectual property, and branding. No business likes competition and actively tries to monopolize their industry.
5. Start a Partnership
An effective business arrangement is forming a partnership. You could involve a professional in the field of interest.
This business strategy guarantees a trusted person on the grounds while you contribute your impute as a share holder and executive manager. A co-founder provides shared risks and increases your chances of success.
Make sure the partner is trustworthy, honest, hard working and knowledgeable about the business. Make sure the partnership agreement is processed by a lawyer and registered with the appropriate authorities.
6. Work on Saturdays
Many companies work only from Monday to Fridays. If you fall into this category you can build up your company on Saturdays. Make sure you put a full days work in your business on weekends.
7. Invest Funds
Start by investing funds into inventory and equipment. Once this is covered invest in market surveys, product testing and reviews.
Invest in developing the product or service. Other places to invest include qualified staff, contractors, and advertisement. Hire legal council to formulate contracts and form the business.
8. Work within a Budget
Don’t go overboard and work within a budget. Don’t forget you have lots of bills to pay such as utilities, transportation and rent.
9. Network
Gradually build a network of trusted suppliers, customers and industrial players. You need to join the appropriate associations and state organizations. Networking provides valuable knowledge of business practices with the industry.
10. Develop a Distribution Network
One of the most important aspects of business is developing your distribution network. If you are into manufacturing you need trustworthy wholesalers and retailers. the same applies to online products. You could offer affiliate deals for webmasters to carry your products or services.

How to Start a Business in Singapore

Starting a business in Singapore is akin to doing same in any country. You need a product or service, funding and market. Singapore is a good place to launch an enterprise if you have good product.
Things to consider are type of product, customer base, pricing and licensing. You need to do the ground work, determine the business structure and choose a business name.
singapore
1.Choose a Business Name
To find a business name use the search tool to find a befitting name. You could register the business yourself use a lawyer or incorporation Service Company. Make sure the name reflects the type of business you offer.
2. Locate the Business
The business location depends on many factors. Primary factors include customer base, source of raw material, utility and transportation costs.
If you deal with bulky raw materials the best location is close to the source. However the reverse is appropriate for heavy finished products.
3. Register the Business
The type of business determines the registration or license. The different types include business name, Limited Liability Company or partnership.
Others are cooperatives, conglomerates, public listed companies or private partnership. A good place to start is to apply online to bizfile.gov.sg.
Financial institutions such as commercial banks or community banks require special licensing from the central bank. However most businesses are registered as limited liability companies while registering a sole proprietorship could cost about $75.
  • Business name
  • Limited Liability Company
  • Partnership
4. Funding Sources
There are many ways to fund your business from scratch. You could target save or borrow from friends and family. Another effective method is bootstrapping or acquiring small loans.
You could leverage on angel investors, partnership arrangement or find seed funding. If you plan to borrow make sure you have a good business plan, collateral and repayment strategy.
  • target savings
  • borrow from friends and family
  • bootstrapping
  • small loans
  • angel investors
  • partnership arrangement
  • seed funding
  • crowd sourcing
5. Purchase a Host Plan
Most businesses have online presence and websites. Purchase a host plan and domain name and hire a website developer to build a good site. There are lots of host providers such as Godaddy, BlueHost and HostGator.
6. Write a Business Plan
You need to write a business plan and carry out a feasibility study. The plan should cover product, marketing, supplies and labor costs. Other parameters are equipment, location, company branding and licensing.
Foreign Investors foreign investors looking to start a business in Singapore need to fulfill certain conditions. The major requirement is to appoint two local agents or major shareholders of the company.
How to Start a Business in Singapore
  • Write a business plan
  • Choose a product
  • Develop a business structure
  • Register the business
  • Hire qualified professionals
  • Find funds
  • Locate the business
  • Market the business


How to Prepare a Business Plan for a Solar Farm

Solar farms generate clean renewable energy through the use of solar panels and other components. The business venture is fast becoming a major contributor to electricity and a huge money earner.
Entrepreneurs interested in clean energy need to first develop a business plan. The document provides a blue print of startup requirements and future goals.
Other provisions in the plan are funding sources, company profile, vision/mission statement and product. The plan is beneficial when sourcing startup funds from financial institutions.
Why Write a Solar Business Plan
The question is why write a solar business plan. The answer is simple it provides various useful statistics such as timelines, exit strategies and milestones.  
Without a comprehensive business plan your company would contend with major difficulties. A good plan highlights key responsibilities, accessing external and internal resources including market analyses.
It establishes financial requirements, growth potential and market demography. More statistics would analyze competitors, industry opportunities, profit and loss. It provides a detailed road map, marketing plan and legitimacy of the enterprise.
solr energy
Write an Overview
An overview serves to establish the core function of the company. It should consist of a mission statement, goals, vision statement and projections.
It should support the viability of the enterprise and location. Other parameters are staff strength, geographical location and purpose for writing the plan.
Define the Organizational Structure
It is important defining the organizational structure. Who are the key players in your company and what their qualifications are.
Add a biography of management team and Chief executive Officer.  State the number of staff, outsourced labor and support labor. You can breakdown the entire organizational structure from management team to number of casual labor.
Develop a Financial Plan
Solar energy farms require huge capital investment. The farm utilizes highly specialized technology to achieve an aim. Describe in full the type of technology your company uses and funding sources.
Include structural costs, fixed assets and funding. There are different funding sources to consider such as government grants, bank loans, angel investors and selling company stocks.
Conduct a Market Analysis
To effectively compete you need to conduct a market analysis. The market analysis studies competitors, finds customer demography.
Focus on alternative energy companies that play in your industry. Analyze the services, prices and market share. There are many alternative energy supplies such as natural gas, hydroelectric, coal and wind turbine companies.
Highlight the Solar Farm’s Potential
Write an overview of services and products your company offers. Highlight the service and amount of energy generated at full capacity. Write a comparison between tradition energy generating companies and your clean technology.
Conduct an environmental assessment of the benefit of clean energy. Establish the scalability, price and reliability of your technology. Include full details of future goals and expansion.
Write an Executive Summary
Write an executive summary and provide an overview of each section. Make sure the summary capture the core of the business. Focus on specific audiences such as investors, bankers and customers.
Business Plans are not static
A plan is not static but a guide to setting up and running a business. Most plans are re-visited and fine-tuned as the business grows. You can review the plan yearly to study the short comings or add new parameters.


20 Tips to Starting Your Business from Scratch

Starting a business from scratch is challenging and fun. It requires a good niche, business plan, staff, product and funding. You could offer your customers a product or services. Common business structures are wholesale, retail, manufacturing or service oriented. Before you start the business there are a few steps to consider
business
Tips to Starting a Business from Scratch
1.Leverage on your Skill
It is important leveraging on your education or natural talent. Following your skill and passion would provide the extra boost to achieve success.
2. Long term Goals
Focus on long term goals and accomplishment. Make proper provisions for growth, expansion and profit making.
3. Work Hard
There is no substitute for hard work and creative planning. Every business requires serious dedication, planning and good work ethics.
How to Start a Business for Your Kid
4. Create a Quality Product
Create a quality product or offer top notch services. a good product would easily attracts customers, reviews and recommendations.
5. Invest in your Staff
Invest in your staff for better productivity. Offer your staff bonuses, re-training programs, vacations and pay packages.  Reward hard working staff, invest in retirement funds or gratuity through fund managers.
6. Hire Professionals
Leverage on the knowledge and skill of professionals. If you have the resources hire professional to boost your productivity. They will bring their qualifications to bare and increase your likelihood of success.
7. Locate the Business
It is important you find an ideal location because it equates to success or failure of an enterprise. A good location is close to customer base or supplies.
8. You need a Mentor
A mentor would provide business guidance and encouragement. No matter your choice of business there is someone who has been there and done that.
9. Write a Business Plan
There is no short cut to starting a small business. you need to write a comprehensive business plan
10. Carry out a Feasibility Study
A feasibility study or survey is very important. the feasibility study focuses on customer demography, price , location and competition
11. Study your Competition
You need to study industrial players in your niche. By studying the competition you understand their business structure and products.
12. Network
Try to Network with industrial players in your niche. join an association, group for insider information and support.
13. Good Bookkeeping
Good bookkeeping will keep your expenditure in check. It also provides proper accounting for purchase, expenditure and available funds.
14. Delegate Authority
The do it alone syndrome would be a recipe for disaster. No person is an island and you need to delegate authority. Hire competent staff you can rely on to reduce your work load.
15. Legalities
Register your business as a sole proprietorship or Limited Liability Company. You could try Partnership or Private Partnership arrangement.
16. Believe in your Abilities
You need to believe in your abilities and skill set. Always develop your knowledge base through tutorials, books and seminars.
How to Form a Limited Liability Company
17. Be Patient
Good things happen to people who are patient. You need to create a quality product, apply proper marketing and wait for an outcome. It might take a few years for your company to achieve your desired result.
18. Avoid Loans
Every business needs adequate funding. However loans come with lots of interests and contractual rules. You can try personal saving or bootlegging before considering loans.
19. Show Confidence
Your staff depends on the CEO to show guidance and confidence. A leader without this value is bound to fail.
20. Marketing
Advertise your product or service to reach potential customers. There are many advertisement methods such as television, radio, internet or print.

How to Start a Business for Your Kid

Teaching your kids entrepreneurship skill is beneficial and important. It teaches them organizational skills, time management, budgeting, commerce and other business knowledge. It provides an outlet for expression, creative thinking and responsibility.
Summer holidays are ideal periods to introduce them to business strategies, ethics and structures. Engaging them in creative ventures instead of fiddling with their phones, watching movies and playing video games would aid creativity.
Not every child is cut out for business however if you identifying the trait in your youngster you could encourage them. A kid business venture is not about making huge money but showing them the potential of earning income, communicating and solving problems.
Select a Business
The first course of action is to select a business. The best way is to choose one that complements the child’s passion. Building a small business this way would guarantee retentive interest and fun.
Encourage them to write a list of things they like such as video games, pets and fast food. Someone interested in cooking could enjoy making cookies, while those that love animals could gravitate to pet walking.
Those that love craft or have artistic skills could develop tangible products. Brainstorm with the kid and develop the business based on their passion.
kids
Develop a Product and Design a logo
The kid could design a log and choose a business name. This visually represents a business and gives the kid purpose. The purpose is to encourage creativity in a fun and leisure way. Make sure the product is fully developed and quality.
Develop a Plan
Every Business needs a good business plan. The plan should highlight the type of product or service, sourcing and funding. Teach them how to create a list of what they need to start the enterprise.
The list should include supplies, raw materials and equipment. A cookies business requires an oven, flour, butter, baking tin, tray, bowls, hand tools and baking gloves. Likewise dog walking involves good dog leashes and other simple equipment.
 Try not to overstate profitability or success of the enterprise. However encourage creative thinking and money saving techniques. Teach them about product quality, safety and pricing.
Set Goals
It is very important setting goals to encourage active participation in the business. The goals should include making the amount of money possible.
Others are duration of enterprise, increasing production or other realistic benchmarks. The goals are only to encourage the kid and not a strict provision.
Invest in your Kid
Once they have written a business plan and identified a product they need funding.  Every business requires funding for startup and faster growth.
Look over their budget and invest money in the kid. Kids businesses require very little funding and mostly encouragement. However make sure they sow seed money from their pocket money before providing the extra funds.
This way the child shows commitment by saving judiciously for the enterprise. Encourage the kid to meet 10% -20% of startup fund, this is not a hard and fast rule but a way to teach saving and budgeting. You could make it fun by having a mock investors meeting to go over the business plan.
Customer Service
The great thing about business is the ability to develop customer service. This helps develop communication skill and confident. They learn how to listen and solve problems themselves.
Make sure the small business conforms to any legal requirements. The size, scope, geographical location and industry determine the legality. Make sure the business is managed within the law and protect the kid from any liability.
Labor
The labor requirements might involve friends, family and neighbors. The business type would determine the labor requirements.
Most kid businesses are one man run and established. However with growth the business might need additional labor.
Taxes
Sometimes a very simple business may become huge and make lots of money. Although kid businesses are just meant to encourage entrepreneurship you might have a small Bill Gates in your home.
Once the earnings start exceeding state provisions the kid needs to pay self employment tax. The kid is still a dependent and a tax might not be required yet. Find out your state laws on such issues to keep your kid safe and work within the laws of the land.
Open a Bank Account
Opening a bank account for your kid is always a good plan. This teaches them savings and money management.
The account could be a joint account or kiddies account. Seeing their money grow could encourage better participation.
Advertisement
The business could be focused on family neighbors or friends. The kid could advertise by creating flyers, word of mouth, signs or use online resources. Other potential customer base is school mates and other kids.
Make sure the business is up and running before they advertise. Please don’t pressure the kid but encourage them. Not everyone is cut out for business but encourage creativity in a fun interesting way.




How to Form a Limited Liability company

Small business owners are required by law to incorporate the business. They usually start by incorporating as a sole proprietor/LLC. This is easy to achieve and the one man business attracts minimum legal expenses and forming.
The formation does not require corporate tax payments. However forming an LLC protects your personal saving and extends only to the companies assets. It also provides a full proof legal structure and corporate acceptability.
Things to Consider
Before forming a Limited Liability Company there are a few things to consider. Considerations include cost of incorporation, length of process, documentation and procedure. Others involve following certain procedural steps, hiring an attorney or using an LLC service provider.
Ways to Form an LLC
A business owner has basically three methods to forming an LLC. The person could leverage on a legal filling service, hire an attorney or do-it–yourself. Your host state is usually the best option for setting up the company.
business
How to Form an LLC
A limited liability company protects the business owner personal assets from litigation. To form an LLC you need a certificate of organization and article of association. This is issued by the states corporate affairs commission.
There are minimum provisions for each document. To form a corporation, draft a certificate of incorporation. Elect a board of directors and submit article of incorporation to state regulatory body.
You need to file IRS form within a stipulated period. The duration of the process depends on the proficiency of the person processing the documents and state. It could take a week or several weeks to attain your documentation.
LLC Online Filling Service Providers
Legal documentation is time consuming, tedious and requires accurate details. A specialized service provider takes care of minute details such as front size, ink, paper size and other small details.
Some online filling services reduce the complexity of the process and are cost effective. An online legal service will file the appropriate documents and save valuable time. The price differentiation of doing it yourself is rather small when using their service. Such services allow the business owner concentrate on the core business and leave the legal stuff to experts.
If you wish to save money or are cash strapped download the request form, fill and deliver the completed form to secretary of state office or corporate affairs commission.
Hire an Attorney
Some attorneys are specialized in forming companies. There legal fees are higher than online services. The attorney should liaison with the business owner to provide legal help on share structure, stock allocations and incorporation.
Having your company incorporated as an LLC provides a strong legal framework and attracts huge business prospects. Large conglomerates, foreign companies and government will only do business with Limited Liability Companies.