Need a Business Idea? Here are Some

Today, thousands of people are thinking about a business idea to start their own business, and for good reasons. On average, people can expect to have three and four careers throughout their job life. Those quitting one career often think about their second, third, or fourth career move being one they can run out of their place. We have good news: To start a home-based business is within reach of almost anyone who wants to take a risk and work hard, as are a plethora of other low-cost ideas accordingly.

1. ACCOUNTANT

Experience, licensing, or training may be needed.
Firstly, build a flier outlining your services. Before you do anything, you must know what those services are. Do you want to do accounting bookkeeping for a small or medium-sized business? A more involved accounting level would be to work up income statements, balance sheets, and other financial reports monthly, quarterly, and annually, depending on the business’s needs. Other mentionable specializations can include tax accounting, a huge area of potential work.

2. BICYCLE REPAIR

In many areas of the country, this business tends to be seasonal, but you can discover ideas around that. You can rent a storage space and try to store people’s bicycles over the wintertime after you do a tune-up and any wanted repairs on them. Also, you can have this business all year round. These street race riders are training into snow, sleet, and darkness of night. Many of them work on their bicycles, but many of them don’t so that you can get their business all year. In case, if you keep Sunday shop hours, you can be assured you will have a group of supporters coming by to talk about all things cycling.

3. BUSINESS PLAN SERVICE

Has expansion possibilities
You can start an online business consultancy firm to provide Business Planning services for clients. In recent years many well-known companies have started outsourcing a part of their function online. There are several online freelancing platforms and online business consultancy firms that provide business plan services. You can also provide business plan templates and sell online. Business Plan templates are very crucial. If your presentation is not good, you cannot convince the investors.

3. Financial Planner

Has expansion possibilities
In recent years, many small and medium-sized companies have realized the importance of numbers and financial data. Financial data is very critical and can also be linked to business planning. Financial planning services are rapidly growing, and many financial analysts have started providing financial planning services where they provide Financial Models, forecasting, budgeting and help companies create financial policies. Therefore, you can also start this business online through a website or can register yourself to any freelancing platform. For a business idea, you can take the example of many successful financial consultancy firms accordingly.

4. Virtual CFO

Virtual CFO is a unique concept. Hence, it’s a way for small and medium-sized businesses to hire CFO support that they wouldn’t have been able to afford in the past.
Small businesses that appoint a full-time Virtual CFO to access an expert financial professional at a fraction of a full-time CFO cost. The services will vary from business to business, but usually, a Virtual CFO will:
1. Firstly, review accounting policies and ensure the truth and fairness of financial statements.
2. Secondly, you need to monitor the financial health, and resources are well utilized.
3. Contribute to key management decisions.
4. Finally, provide Financial Plan and Financial Modelling.

5. CONSULTANT

Has expansion possibilities
Therefore, to be a professional consultant, you need to have expertise in something to market your company or yourself as an advisor to other businesses or individuals planning to work in that area. Possibly you managed several large departments in your career with any large company. You did all the marketing campaigns for many years for a large product manufacturer or set up a chain of cosmetic stores or take-out restaurants. Ultimately, you can definitely use this experience to help others do similar things without making the identical mistakes that you made along the way. Thus, a good marketing dashboard analysis will likely come in handy as time tracking is crucial to accurate billing.

6. EVENT PLANNING

Has expansion possibilities
One of the primary things you need to do is visit every possible event location you plan to operate. Work with the marketing experts to tour each site and learn what resources are available at each location. Start an online database that will allow you to sort venues by changing features, such as the number of guests each site holds, equipment available on-site if you need to arrange for rental tables, etc. Hence, when you start planning an event with a client, you can find out the key parameters for the event and easily pull up the three or four sites that meet the basic criteria. And engagement parties, etc.