Small Business Ideas Help

posted 3 years ago in Career
Post # 3
Member
1016 posts
Bumble bee
  • Wedding: August 2014

@laura.batty:  Out of your ideas, event planning is probably your best bet in terms of earning potential. Candy buffets…ehhh…too trendy, will be “out” as quickly as it came in and you’ll be left in the dust. Crafts don’t often pay well, they are usually considered more of a side money hobby sort of thing and it’s very dependent on consumer confidence. I find it best to address a need, to solve a problem, make a process smoother, make someone’s life easier. There is generally more money in that than say, selling berets on etsy. 

 

Look around, what is there a market for? Is it something that you can adapt to changing economic times and demographics? There are some things that people and/or businesses are always going to want and need. 

 

Think outside the box – you want to have a cafe, but is it reasonable to expect success? Would you have a hard time standing out amongst the rest, or is there one on almost every corner? Maybe you could, for example – funnel your love of coffee into becoming a coffee importer. 

 

 

 

Post # 4
Member
1399 posts
Bumble bee
  • Wedding: November 2013

@laura.batty:  I’m not a small business owner, but my first thought was that it’d be safer to start a business with little-to-no overhead.  So owning a brick and mortar store is a little risky if you’re just starting out.  I say you become a consultant (wedding/party planner), work from home at first, AND THEN once your business is successful, you could rent a cool little office.  It’s better than buying into a franchaise or buying up lots of inventory and having to rent out a location…

 

Post # 7
Member
1016 posts
Bumble bee
  • Wedding: August 2014

@laura.batty:  Probably not what you want to hear, but you’ll find it by keeping your mind and your ears open. You’ll find something that speaks to something missing in your own market that way  🙂 

Post # 8
Member
1779 posts
Buzzing bee
  • Wedding: June 2014

 @laura.batty:  My fiance owns a small, independent bookstore which he supplements with online sales. Our profits have increased, we opened at the worst part of the economic recession, and we are comfortable and our profits steadily increase each year. So I don’t think I would say bookstores are becoming non-existent, although the media would LOVE that to actually be the case. Anyway, I personally would not recommend going into the book business without a strong mentor who is already in the trade and a large depth of knowledge about book repair, binding, first edition points, and the like. The future of books is undoubtedly in rare material and this is consequently the most difficult to learn about and find. Good luck in your endeavours!

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