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levijean

posts: 1

Jun 23, 2012 1:17 PM ET    Quote  Report Abuse
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I have a successful real estate company that I basically work part time and make full time income.  I am looking for another business to start for diversification.  I am open to about anything, as long as it is not a time vampire.  Something I can spend a few hours a day  on business development and hire a few employees to handle the majority of the tasks.  Some random things that have crossed my mind:  residential maid service, commercial janitorial service, carpet cleaning, towing, bed bug remediation, contracting/painting...  There are a million possibilities, but I want the most buck for my time.  Any ideas/input?



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mdlevy

posts: 12

Jun 24, 2012 4:56 PM ET    Quote  Report Abuse
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Hi Levi,

This sounds like information that is up my alley to help.  I would love to help you build up a business and it would be at your own pace.  If a couple of hours a day is good for you, we could even get it down to an hour a day!  I do business coaching for free and have a solid program I will take you through from ground up to build you a succcessful business.

Let me know if you are interested.  This is all free coaching again.  There is only one area that costs $11/month to keep your business website and email going, but that is it.

Best regards,

Michael Levy
Business Consultant, Coach, Visionary and Mentor
michael@michaeldlevy.ws



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Learn, Live and Grow Your Life!
Michael Levy
http://blog.michaeldlevy.ws
michael@michaeldlevy.ws
Appointments: http://www.vcita.com/mentormike.levy
Toll Free: (888) 829-6097 (24-hr Support)
PeterSBM

posts: 2

Jun 27, 2012 7:31 AM ET    Quote  Report Abuse
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Hi Levi,

You make a big point about the second business not being a time theif.

The only business I know of where you earn max reward and do not care how much time you spend in it, is a business that you love to do or find interesting.

Since you seem to have the choice, go develop a hobby or interest business. You already pocess the best business skill of all, that is leveraging of other peoples time, so go for it, cut loose, do something different, develope a business that you would love to do.

Good luck  

 



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Peter www.smallbusinessmotivation.com
edwarddevis

posts: 66

Jun 29, 2012 2:38 AM ET    Quote  Report Abuse
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Find you business scope on the internet, you can get any occasional business idea form there, because there are many active business person who write daily new business idea in their blog post, so it can help your better than others.

 

online trading account

 



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johncusack10

posts: 9

Jun 29, 2012 5:19 AM ET    Quote  Report Abuse
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The business ideas is a business that you can start inexpensively; some of these businesses can be started for next to nothing if you already have the equipment. Every one of these business ideas will let you start a business quickly – in some cases, almost instantly.



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Options Trading System | Penny Auctions
rmpRMP

posts: 1

Aug 03, 2012 11:36 AM ET    Quote  Report Abuse
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levijean, when considering business ideas, ask these questions:

1) How much (profit = income) money do you need to make from this business?

2) What will people pay you to do for them?

3) What will it cost you to provide this service?

4) How many customers will you need at those prices to make the money you need?

5) How long will it take you to secure this many customers?

In my years of business consulting, these are some of the hard questions that many hopeful startups don't ask. 



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Almost retired, I'm now doing what I love; helping small and medium-sized organizations get better at what they do. My experience helps me to understand business problems quickly, saving time and money. See www.parkersolutions.com
tfdosu

posts: 3

Aug 03, 2012 10:48 PM ET    Quote  Report Abuse
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Think of a product innovation, get it contract manufactured, sell it online, have a distibutor handle the shipping, outsource customer service, and only spend a few hours a week managing the "major" issues.  I think this is one of the best ways to make passive income.  If you start a service business and you don't want to spend a lot of time on it you will need to pay someone a decent salary to manage it for you.  This will eat into your profit margins significantly.



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kathleen_ortan

posts: 40

Aug 06, 2012 2:29 AM ET    Quote  Report Abuse
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Before starting any business, you need to first do a proper planning. Planning is an essential part of a business. Next would be on deciding the exact amount which will be spent on the business. Decide whether you will lead the business alone, or whether you want to have some partners working together for the business. Also important would be to decide how to promote your business. Use of social networking sites will be the most appropriate way to promote your business.



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Virtual Office | Live Virtual Receptionist | Virtual Phone Services | Virtual Offices Los Angeles
kaati

posts: 13

Aug 12, 2012 11:21 PM ET    Quote  Report Abuse
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I think online wedding planner is batter choice, As wedding planner will need to be update on wedding trends like dress styles, color trends almost everything. Before you start your business u shop at all the online wedding shops, to see what kinds of services they are provides and how they treat the customers. You need to know every detail of the business.

Time Tracking Software,Time &Attendance Systems

 



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leyonchung

posts: 8

Aug 13, 2012 6:50 AM ET    Quote  Report Abuse
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I have different ideas for this community.

1. ACCOUNTANT
Experience, training or licensing may be needed

Create a flier outlining your services. Before you do that, you need to know what those services will be. Do you want to simply do bookkeeping for a small business? A more involved level of accounting would be do actually work up balance sheets, income statements, and other financial reports on a monthly, quarterly, and/or annual basis, depending on the needs of the business. Other specializations can include tax accounting, a huge area of potential work. Many business owners don't mind keeping their own day-to-day bookkeeping records but would rather get professional help with their taxes.

2. BICYCLE REPAIR

In many parts of the country, this business tends to be seasonal, but you can find ways around that. Rent a storage unit and offer to store people's bicycles over the winter after you do a tune-up and any needed repairs on them. If you want to cater to the Lance Armstrong wannabes, you can have business all year round. These road race riders are training through snow, sleet and dark of night. Some of them work on their own bicycles, but many of them don't, so you can get their business all year. And if you keep Saturday shop hours, you can be sure you will have a group of enthusiasts coming by to talk all things cycling.

3. BOAT CLEANING
Experience, training or licensing may be needed

Boats that are hauled out of the water for the winter or even just for mid-season repairs will need the hull cleaned. And depending on the type of boat, it is a good time to give a major cleaning everything else too--the decks, the sleeping quarters, the head, and the holds. Start by approaching homes that have a boat sitting in the yard. Or you could market your services to the marina to contract you to do the boat cleaning it offers to customers.

4. BUSINESS PLAN SERVICE
Has expansion possibilities

Offer a soup-to-nuts business plan, including market research, the business plan narrative and the financial statements. Plan your fee around the main one that the client will want and offer the others as add-on services. You can give clients an electronic file and allow them to take it from there, or you can keep the business plan on file and offer the service of tweaking it whenever necessary. Have business plan samples to show clients--and make sure to include your own!

 

5. CHIMNEY SWEEP

Learning to be a chimney sweep may mean nothing more than apprenticing with someone already in the business. By becoming a chimney expert, you can combine a chimney sweep business with a chimney inspection service--covering more than just whether or not the chimney needs cleaning but whether the chimney is in good working order or in need of repair.

6. CLEANING SERVICE

There are many directions you can take this business. If you want to work during hours when no one else does, you can focus on office clients. You can focus on retail businesses and keep your customers clumped into one or two blocks. Restaurants are in great need of daily thorough cleaning and can be a great source of steady clients. Perhaps you would be more interested in house cleaning. Many times with cleaning services you don't have to spend lots of money on advertising or marketing because your customers will come by word of mouth.

7. COMPUTER REPAIR
Experience, training or licensing may be needed

Study the main types of software that system users will want--word processing, photo manipulation software, mail merge, spreadsheet, design and especially security software. Investigate all the components--monitor types in all their varieties; keyboards, from wired to ergonomic to wireless; mouse types; as well as peripheral components like printers and scanners. Become completely familiar with all the ISPs (internet service providers) available in the market area you plan to cover. Establish yourself as the guru who can meet the needs of the personal computer user, the small business or a larger corporation.

8. CONSULTANT
Has expansion possibilities

To be a consultant, you need to have an expertise in something so you can market yourself as an advisor to others looking to work in that area. Perhaps you managed several large warehouses in your career with a drugstore company, you did all the marketing for many years for a large shoe manufacturer or you set up a chain of beauty supply shops or take-out restaurants. You can use this experience to help others do similar things without making the same mistakes that you made along the way.

10. EBAY ASSISTANT

Do you have items lurking around your household that you could sell on eBay? Figure out your asking price and decide whether to auction it or put it in your eBay store. Then decide if you want a minimum bid and how long you want the auction to last. You will want to establish a PayPal account to use for transactions. The eBay website provides all the information you need to know to get up and running with an eBay business.



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