No matter how fulfilling one’s career is, nothing can compare to the sense of agency and empowerment that being a business owner brings. Ask any career coach from Resume Service 24 or a similar company—and they’ll tell you that entrepreneurship is the ultimate career path for any ambitious and self-disciplined job seeker.
But a lot of potential business owners struggle to decide which industry to start an enterprise in and what to do at the beginning. Well, if they have no such experience, the confusion is totally understandable. So here are five great business ideas and a step-by-step guide to starting a business. Good luck!
#1 Start a business on social media
Given how popular social media have grown in recent decades, it’s smart to make the most out of the opportunities they provide. There are tons of options when it comes to social media businesses. No matter what your work experience and key skills are, you can find a niche for your professional qualification.
You can become an SMM specialist offering to consult or actually run other people’s social media pages. Influencers will get professional help from you, and you’ll get paid. Or you can start a social media blog on one of the trending topics (for example, wellness) and earn from paid advertising and brand partnerships.
#2 Become a personal trainer
But it’s also no longer a secret that any employee working in front of their screen all day every day is more likely to burn out than a laborer who is physically active and spends time outside. The same is true for employers, self-employed people, and business owners. That’s why it might be a good idea to drop your office job and work in personal training instead.
Obviously, any career advice expert will tell you that your career should match your skills and accomplishments. Otherwise, you won’t land a job. But if you’re already fit and experienced in sports, getting a personal training certification might be an awesome idea. It’s not too expensive or hard to obtain. What it is, though, is a great way to invest in your career.
#3 Consider career coaching
One more trendy, fulfilling, and potentially lucrative business idea is career coaching, even more so for a job seeker who has experience working as a hiring manager, recruiter, or HR professional. Recruiting firms use an applicant tracking system, resume-scanning software, and other ways to complicate job seekers’ lives. No wonder most people need help when trying to land an interview.
Almost every applicant who wants to change their career is looking for the top best resume writing service reviews during their job search. Professional advice from a career coach is a much better alternative, so your career coaching business is bound to be successful.
#4 Get into graphic design or software development
Both design and software development require quite a lot of skill, so they might not be the easiest way to start a business. But would-be entrepreneurs who’ve already worked in these industries should totally consider leaving their corporate jobs and starting businesses. Both are relevant, dynamic, and well-paid.
Keep in mind, though, that graphic design and software development are super competitive industries. You’ll need to craft a winning resume, prepare a decent portfolio, and invest in SEO if you want your business website to rank well and bring you clients. And never cease to grow professionally if you want to stay relevant.
#5 Monetize your photography or other artistic skills
Finally, contrary to popular belief, arts, crafts, or photography can totally be a lucrative business. Some creators sell digital art on social media. Others set up an Etsy shop. The bravest (and those who don’t want an online job) sell physical copies of their works offline. Any of these business models can work as long as the business owner is okay with the hustle and bustle.
If you already have photography skills (and maybe even a couple of professional experiences), consider turning it into a business. There are tons of options, such as wedding photography, portraits, and family shoots. All of them are in demand and aren’t going to lose popularity any time soon, at least as long as Instagram remains an influencer factory.
A step-by-step guide
But no matter what business a future entrepreneur is about to start, there’s quite a lengthy list of steps they’ll need to complete. Here are the key ones:
- Write a thorough and realistic business plan.
- Secure the money you’ll need before your business starts to generate income (or try to find investors).
- Apply for a business tax ID number and a license.
- Get a business bank account and insurance.
- If you feel like you need a team, find the best professionals either via your own network or using recruiting firms’ professional help.
- Set up your business website and social media.
This list may look overwhelming, but in reality, none of these steps is that hard. If you lack experience or feel anxious, you can totally employ a legal professional. But with some research and patience, you’ll be just fine even if you don’t.
If in doubt about what kind of business to start, go for something you’re really good at and have done before. Social media, personal training, and career coaching are all great options. So are graphic design, software engineering, or anything artistic (as long as it sells). But no matter what kind of enterprise you choose, don’t neglect all the legal procedures, such as getting a tax ID and a permit.