For any startup business to survive in this ever competitive market, then such business should be smarter than its competitors. Every business is started to provide a solution. That a business can provide a solution does not guarantee success. Clients will not come knocking at your door. You need to take your service to them. In most cases, a business will be required to submit proposal before it can be considered for a particular job. This is why ability to write good and convincing business proposal comes to play. If you have all the expertise to do a job but you can’t communicate it to clients in a way that will make them to believe you can do the job, you may not get the job. A good idea communicated in a wrong way will not achieve desire results.
If you are good at proposal writing, this is a good business idea for you. You can set up a small business that focuses on proposal writing for small businesses that may not have time or expertise to do it. We understand that it requires a lot of time and efforts to prepare a good business proposal. If you can take this burden off your clients’ shoulder, they will be happy to pay for the service. You can market your service through your business cards. Creating a website where sample proposals can be downloaded will be another good way to market your business. Proposal writing and most of other consulting services are high margin business ideas.
Public Relation Agent
If you are skilled in the areas of media and public relation, verbal communication, journalism, advertisement and marketing, you can work as a public relation agent. Many small businesses are in need of a public relation officer who can help them spread information about their services to their target markets. But not all these small businesses can afford to hire one as a full time employee. You can sell your service by contacting your target companies directly. Your target customers will include restaurants, boutiques, politicians and other small businesses. Having a working experience from a public relation firm before you start your own can fast track your success. You can start this startup business idea from home but you will need a website to project a professional image.
There are a lot of people who are loaded with knowledge that are be impactful. The only problem they have is that they can’t face public to talk. Do you have such knowledge and are bold to talk to the public with good diction? If yes, this is a good business idea for you. If you want to work as a public speaker, you cannot afford to be a generalist. People should know you for something and you have to be good at it. Develop yourself to the point that you become an authority and a reference point. If you can pay this initial price, there is no limit to where you can reach. You may not need to open any office to actualise this entrepreneurial business idea. Your target market include schools, churches, mosques, clubs, corporate organizations and non-profit organization. You can be a columnist in newspapers. Writing consistently on your chosen field will make people to recognise you an authority. Also, you can maintain a blog on your website. This is a good side business idea that people can conveniently combine with their current job.
Real Estate Agency
This is one of small business ideas that is fast becoming popular. You can start this business at any scale. It is a business idea you can start with zero capital. You can decide to specialise in either residential market or commercial market. Your duty is to act as an intermediary between landlords and tenants or property sellers and property buyers. Then you receive commission on sales made based on the agreed percentage. As a result of the crucial role a real estate agent plays between landlords and tenants, it is important that anybody starting the business should have a good knowledge of landlord and tenancy laws.This startup business can be run as a home business but you need to have space enough to accommodate clients. Because of the extra traffic your startup business may bring to your neighbourhood, you may need to go for public liability insurance. Also, there is need to obtain permits from governing authority.
The recruitment process ranging from advertising for vacancies to shortlisting, interviewing and making the final selection can be long and stressful. If you have human resources background with necessary certification, you can start a recruitment agency. With the growing need for specialization, the same thing goes for recruitment agencies. You should create your own recruitment niche. For example, when I started my own consulting firm, I offered recruitment services as part of our offerings. But it did not take a long time that we encountered a problem. The problem was that, clients especially new startups, wanted us to recruit their entire new staff for them. These may include Admin personnel, accountant, receptionist, marketing officer, technical manager, production manager etc. The challenge was that we don’t have expertise in some of these functional areas. Our success started when we decided to focus on recruitment of accountants and auditors. These are our areas of competence. Therefore, if you are starting a recruitment agency, you can good yourself good by focusing on the area of your strengths. It will be easy for you to hire right candidates for your clients. When they are happy, you will enjoy referrals.