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.
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.
Thats a good idea of opening up your own business. Go ahead, take risks. Those who don't fear of taking risks in business becomes the successful entrepreneur. Business capital of-course is the prior need of any busines. For the same you can take help of your friends as well as banks. Other than banks, you can also ask help from some good venture capital firms.
Let me know what you think...
A collaborative effort from investors for new entrepreneurs seeking funding for business. Direct invitation for investment and collaboration with investors for business planning. But this would not be a Venture Capital Firm, just a website.
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Some of these comments really irritate me. The poster simply is asking for some business ideas, not shameless plugs for your existing businesses that clearly aren't doing so hot or else you wouldn't be trolling forums with a zero dollar advertising budget. To the poster, there's tons of places online to find great business ideas. One of the best is bizhubb.com. The ideas on there are fully detailed so you learn just about everything you need to know to get it going and not just what the business actually is. Isn't that the real problem we all really have? I'd love to start up something like an Ad agency, but I have no freakin clue how to actually do it. Go check it out for yourself and pick one you like. And for the record, I have several of my own business ideas up for sale there, but I'm NOT going to plug which ones they are. I'm telling you to go there because it will help you. Not so I can make money off you. Those jerks should be banned.