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.
---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
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?
have you ever thought on having a restaurant or a hotel. :D
---Diversified Entities provides Bonded warehouses in Chicago
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.
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.
i m also suggest that the real estate business
is very good and many of the peoples work on it
and their is so many website to know about the
real estate a best side is i send you a link....................
When you start a new business you must do these things.
1. Develop your business idea
2. Decide your business structure
3.Choose a name for your business
4. Register your business name
5. prepare paper work
There are quite a few business opportunities which are available even if one is planning to start with. Also it doesn't requires any investment of any type. You can start up with movers or packing co. along with it you can get into e commerce, since this businesses are bearing fruits of success.