300 Examples Of Business Ideas To Help You Start A Successful Business - Entrepreneur

300 Examples Of Business Ideas To Help You Start A Successful Business - Entrepreneur

300 Examples Of Business Ideas To Help You Start A Successful Business - Entrepreneur

Posted: 31 Jul 2019 11:12 PM PDT

Are you looking for a business idea? But you want to make sure it's profitable first? You can learn from these 300 businesses to ensure your start-up launches on the right foot.

10 min read

You're reading Entrepreneur South Africa, an international franchise of Entrepreneur Media.

Starting a business is tough, and not a lot of start-ups make it. To ensure your business is as competitive as possible, you'll need to do lots of research into your competition and see what other innovative businesses are doing. 

This can take a significant amount of time, so we've compiled a directory of 300 innovative business and insights you can gain from them. These 300 businesses are divided into the following categories – choose a section you feel best applies to what you're doing and gain a much needed competitive advantage: 

1. Examples of Food Business Ideas

So, you've decided to start a food business, but how do you differentiate yourself? What are successful food businesses doing to put themselves a topping or two above their competitors? When starting your food business ensure you incorporate the lessons from these companies to ensure your food business idea is a success.

2. Examples of Home Service Business Ideas

Everyone is busy these day. After work, no one wants to have to climb up on a ladder to try and fix a hole in the roof or a shorting light fitting. This creates a business opportunity for you. Here are 10 home service business ideas and examples of successfully operating businesses:

3. Examples of Personal Trainer Business Ideas

There is a growing number of people looking for an interesting way to get their daily/weekly dose of exercise in. You can offer an innovative personal trainer business idea to capture their interest and continue to engage them. Before you launch, it's always beneficial to find out what your competition are up to. Find some examples of personal trainer business ideas here:

4. Examples of Childcare Business Ideas

Parents sometimes need help looking after their children, no matter what age. If you have experience with children and a youth development, education or caretaking qualification, you can start your childcare business idea. Here are 10 examples of childcare business ideas you can use to get your business off the ground:

5. Examples of Educational Business Ideas

There is a growing emphasis on students to improve and increase their education and on adults to continue improving their education. With this solid demand in the educational industry, you can launch a business either improving on skills or teaching brand new skills.

6. Examples of Writing Business Ideas

You can start your writing business from anywhere in the world, as long as you have a solid internet connection. However, there are tips and tricks to ensuring your writing business remains profitable, here are 10 examples of writing business ideas you can use to launch the best possible version of your writing business:

7. Examples of Film-Related Business Ideas

The film industry continuously to grow year-on-year increasing its opportunities for film entrepreneurs. You could start a business doing voice-over work, scriptwriting and even costume design. Before you launch your start-up, here are 10 examples of film-related businesses you can gain insights and strategies from:

8. Examples of Photography Business Ideas

If you have the right equipment and experience you can offer your photography services to both local and international customers. There are a lot of opportunities for someone with a good eye for images. Before you get going here are 10 examples of successful photographic business ideas you can learn from:

9. Examples of Business Consultancy Business Ideas

A business consultant offers advice to companies in their area of expertise. You can consult businesses on everything from leadership development to stress management. Here are 10 examples of business consultancy businesses you can learn from to help give your consultancy a competitive advantage:

10. Examples of Personal Services Business Ideas

Personal services can be anything from housesitting to personal shopping, if you think you have a particular talent for helping others manage their lives, then this could be the business opportunity for you. Before you launch your business here are 10 examples of personal services businesses you can use to ensure you remain competitive within the industry:

11. Examples of Pet Business Ideas

Pet owners are happy to spend money on their pets, whether it's training, boarding or day-care, there are a lot of opportunities in the pet space. If you're an animal lover and want to work with them all day, here are 10 successful examples you can use to ensure your business remains competitive:

12. Examples of Clothing Business Ideas

There is always a demand within the clothing industry, whether you're helping someone to improve their look or repairing their fabric-covered furniture. If you have the talent and the experience you can start a clothing business. Before you get started here are 10 examples of clothing business ideas you can learn from:

13. Examples of Retail Business Ideas

Do you want to sell finished products directly to consumers? The retail industry could be the business opportunity for you. You could open anything from a clothing shop to a gaming parlour but before you get started you will need to know what strategies to employ and what you should offer. 

14. Examples of Online Business Ideas

Advancements in technology have enabled entrepreneurs to create businesses that are wholly operated in a digital environment, resulting in decreased overheads and the freedom to run a business on the move. Before you launch your business learn a few strategies from these examples of online businesses:

15. Examples of Manufacturing Business Ideas

There are many small-scale manufacturing business ideas that can you can convert into a sustainable and profitable business. There's a market for you whether you're launching a manufacturing business that makes shoes, wigs or cosmetics. Here are 10 examples of manufacturing business ideas that can give you insights into starting your own manufacturing business:

16. Examples of Social Media Business Ideas

Social media enables businesses to directly reach and engage with their customers and target markets. If you have the right skills, you can launch a successful social media business.

Before you start your new business, you'll need to see what is happening in this industry. Here are 10 examples of social media businesses to give you a snapshot of this industry:

17. Examples of Tourism Business Ideas

Since South Africa is known for its natural beauty, tourism will always hold numerous business opportunities, especially if you live in a popular tourist destination. Your business can offer everything from tours to accommodation and experiences.

18. Examples of Party Business Ideas

You can offer your services to ensure your clients have the best possible party experience. Starting a party business doesn't mean you have to be at every event, you can help clients find vendors or rent party supplies. 

Here are 10 examples of party business ideas that you can use to gain insights into the entertainment industry and strategies to ensure your business' success:

19. Examples of Cannabis-related Business Ideas

Selling cannabis itself is still illegal, but you can launch a business to support this growing industry. Since users are allowed to use weed within the comfort of their homes, there is the opportunity for support businesses to grow and offer users services. Here are 10 examples of cannabis-related business ideas:

20. Examples of Transportation Business Ideas

Transportation is vital to the progress of every city. There's always something or someone that needs transportation, and someone willing to pay for this to happen. There are numerous potential transport business ideas you can start; from Uber driving to specialised medical transportation. 

Before you launch your transport business you can gain some strategies from these 10 transport business ideas:

21. Examples of Environmentally-Friendly Business Ideas

There is a growing demand by consumers to be more environmentally-friendly. This has created a growing number of green business opportunities. You can open any business from services helping others to be more eco-conscious or offering environmentally friendly products. 

22. Examples of Rooibos Business Ideas

Rooibos naturally has numerous antioxidants and natural benefits. This has made it the cornerstone of several product lines. If working with a natural and beneficial ingredient is exactly what you're looking for then these could be the rooibos business ideas for you:

23. Examples of Drone Business Ideas

Drones and their various applications continue to grow in popularity as entrepreneurs find more and more uses for them. If the idea of running a drone business and offering very niche, specialised services appeals to you, this could be the business idea for you.

24. Examples of Sharing Economy Business Ideas

The sharing economy continues to grow in high demand as consumers look for more cost-effective ways to fund, purchase and find items. You can launch anything from a jewellery rental business to an errand running platform. Before you start here are 10 examples of sharing economy business ideas you can learn strategies from:

25. Examples of Home Décor Business Ideas

Not every person is gifted with the skills and talent to decorate and furnish their homes and gardens. There are customers that will need your help to create the perfect home. If you're passionate about home décor, then this could be the business idea for you.

26. Examples of Film-Related Business Ideas

The film industry continuously to grow year-on-year increasing its opportunities for film entrepreneurs. You could start a business doing voice-over work, scriptwriting and even costume design. Before you launch your start-up, here are 10 examples of film-related businesses you can gain insights and strategies from:

27. Examples of Vegan Business Ideas

Veganism continues to grow in demand across the world, with more people than ever choosing a plant-based diet. You can tap into this market by starting your own vegan business idea. Before you start researching, here are 10 potentially lucrative vegan business ideas you can learn from to ensure your start-ups success:

28. Examples of Elder Care Business Ideas

There are numerous business opportunities available for someone looking to support the elderly community. If this is a passion close to your heart, then this could be the business idea for you.

Before you can start a business, you first need an idea, here are examples of 10 elder care business ideas you can gain insights and strategies from:

29. Examples of Design Business Ideas

Creating and designing something new, innovative and interesting continues to be exciting in numerous industries. If you're good at creating something from scratch or designing something never before seen, then this could be the business idea for you.

Here are 10 examples of actual design businesses you can learn from to ensure your company has a competitive advantage:

30. Examples of Financial Services Business Ideas

You can use your financial experience to start your own business for private individuals or businesses. You can offer numerous services from bookkeeping to expense reduction analyst and tax accountant. Before you launch your business here are 10 examples of financial services businesses you can gain strategies from:

Extra: 10 Examples of Businesses That Could Inspire Your Next Business Idea

Whether you're interested in starting an online life coach business or developing technology for virtual reality or offering a decluttering service. Before you launch your business, here are 10 examples of different kinds of businesses you can gain insights and strategies from:

How Your Small Business Can Make A Mighty Impact - Forbes

Posted: 01 Aug 2019 09:56 AM PDT

No business is too small to do good. 

In 2016, the 90 employees at California-based Antis Roofing donated 693 labor hours to install roofs on eight new Habitat for Humanity homes. They also performed more than 100 leak repairs and provided 10 large-scale roof projects.

The company's mighty effort led to a "Best Corporate Steward" award from the U.S. Chamber of Commerce Foundation in 2017 and helped establish the business as a community player. Their initiatives have included partnerships with Ronald McDonald House Charities, American Red Cross, Alzheimer's Orange County and more.

Corporate social responsibility programs are increasingly crucial for businesses of all sizes. According to a study from Score, consumers want to spend money with socially conscious businesses—and millennials want to work for companies that do more than just make a profit. 

"In the past, it used to be charitable contributions," said Marc DeCourcey, senior vice president of the U.S. Chamber of Commerce Foundation. "That's great, but companies can actually do so much more than just cut checks. They can not only leverage their treasure, but also their time and talent to help address societal challenges."  

While small and medium-sized businesses rarely have the kind of resources large corporations can pour into corporate social responsibility programs, size is not a deal-breaker for making a positive impact. Here are a variety of ways smaller businesses can contribute to their communities at scale.

Build a program around your superpower:

When developing a corporate social responsibility program, DeCourcey recommends looking inward and ask: What's your company's superpower?

"Banks are able to help people with financial education and invest in communities to help with affordable housing," said DeCourcey. "Banks can do that because that's what banks do. A roofing company can't do that—but a roofing company can help fix someone's roof."  

The best use of a smaller business' resources is utilizing what it already has. A doctor's office might provide medical care to underserved communities or a pet supplies shop might donate pet food to a local animal shelter, for instance.

Consider community needs:

Of course, who should receive those resources is an important decision as well. To decide, Reba Dominski, chief social responsibility officer and president of U.S. Bank, suggests starting with research.

"Some of the data and insights I would encourage small businesses to think about is, what are your competitors doing and what are the most pressing needs in your community? You can look through media, or you can use the Chamber as a resource to understand what the community's most pressing needs are."

Get employee buy-in:

Since employees are often deeply involved with corporate social responsibility programs through paid volunteer time or program coordination, they should have a say in what projects they'll be participating in. 

"It works best when you've got everyone at the company plugged in and ready to go," said DeCourcey. "You've got to have the internal conversation first before you start jumping outside your four walls to try to do something good."  

Ask employees what they're passionate about and what they'd like to spend their time doing. 

"If you can put together a program that engages your employees and serves a real need in your community, it's probably going to be a successful program," said Dominski.

Start with a narrow scope:

Large enterprises with corporate social responsibility programs often target multiple causes. They may address sustainability through their supply chain, homelessness with the donation of volunteer time and community education by leveraging internal expertise. 

Smaller businesses, however, are often better off with a more specific focus. 

"You might need to find just one cause," said Dominski. "That focus doesn't have to be lifelong. You can start with a focus on one thing, and then as your business grows, you can then build up that focus and expand."  

Pair the extent of your business' investment with your size, too. If sending your entire staff to volunteer for a whole day will break your budget, consider other options. 

"Board service is an incredibly important way for a business to show up in a community and for a business leader to contribute their expertise," Dominski said. "You're going to have to be scrappy in the resources that you use."

Consider a partnership:

One way to amplify your community investment is to partner with another business or local nonprofit. "Partnerships are really critical," said DeCourcey. "You only have so many resources, but if you're able to aggregate them, all of a sudden, you become a much larger force for good."  

Evaluate your impact:

Corporate social responsibility programs can be tough to evaluate. On one hand, you can count the number of hours volunteered, events hosted or products donated, but that data doesn't necessarily offer insight into the impact you've made on your community.

Dominski recommends a little of both—capturing the data that's trackable, and looking at the big picture, too: Are those you're attempting to serve better off? Is your business making the world a better place?  

Evaluate business outcomes as well. "Does this help employee morale? Does this lift your brand in the community?" said DeCourcey. "Does this help your relations with government? Does this sell another widget? That's not why you do all these things, but all those things help—and they help you do more of it."  

Enjoy it:

Service with a smile is important when contributing to your community. Even just one unenthusiastic participant risks diminishing the impact of your initiatives. 

"Running a small business is hard, hard work," said Dominski. "Launching a corporate social responsibility program—engaging your consumers, engaging your employees, having a positive impact on your community and in the world—I hope that that brings you joy. It can be incredibly rewarding."

And if you approach it with intention, strategy and heart, a corporate social responsibility program is rewarding for staff members, your business and the entire community.

Karnataka Small Scale Industries’ body expresses concern over closure of VISL in Bhadravathi - BusinessLine

Posted: 01 Aug 2019 04:53 AM PDT

Karnataka Small Scale Industries Association (Kassia) has expressed concern over closure of Visvesvaraya Iron and Steel Plant (VISL), an unit of Steel Authority of India Limited in Bhadravathi.

The company is involved in the production of alloy steels and pig iron and has a legacy of having been started by Sri M Visveswaraya – the engineer statesman. This was one of the first steel mills to be set up anywhere in the country, way back in 1923.

"We learn from members of Kassia in Shivamogga and the region that the closure of VISL will be a big blow to the industrial development of the region," said R Raju, President Kassia.

Raju said it is sad to note that the company which was a state undertaking was later transferred to SAIL but unfortunately has not been able to turn the corner. "We would, therefore urge the Government to ensure that the VISL is not allowed to be closed as it will jeopardise the livelihood of the employees and their dependents," he said.

Kassia urged the State Government to take steps to infuse capital and other resource that may be required using if necessary private investors to revive the unit and run it successfully.

How a rural Virginian town is using entrepreneurship to boost its local economy - Brookings Institution

Posted: 01 Aug 2019 11:45 AM PDT

Placemaking PostcardsAmerica's unequal geography of opportunity is widening: big, dense metropolitan areas are leading the way in employment and wage growth, job density, and prosperity, as many small towns and rural areas are still struggling to recover from the Great Recession.

Given these social and economic cleavages, rural Main Streets today evoke a complex sense of place. On one hand, they are often thought of— even romanticized—as tight-knit communities with distinct local culture, homegrown businesses, and a more laid-back lifestyle; on the other, they represent a way of living that, to some, seems at odds with our globalized, networked digital economy. Indeed, these communities face deep structural challenges—including low population density, long distances to major job hubs, declining manufacturing activity, and resource constraints—that aren't likely to be overcome with traditional approaches to economic development.

So where does this leave small rural towns looking to revitalize their communities in the face of widening geographic divides? And what role can transformative placemaking play in reinvigorating their local economy?

A look at Wytheville, Va.—a small town of 8,000 situated in the foothills of the Blue Ridge Mountains—provides some insight.

Spurring economic revitalization through rural entrepreneurship

In the 1950s, Wytheville's downtown was booming. Businesses lined the Main Street, and a vibrant soda shop served as its anchor. But about fifty years later, the soda shop was gone, and the struggling downtown faced challenges that are familiar to many small towns across southwest Virginia coal country. As industry declined, so did the town's jobs and population, causing businesses to close and vacancies to increase, leaving few anchors or amenities to draw people to Main Street.

The town decided to start with what it had locally: aspiring entrepreneurs looking to launch their own businesses.

To address these challenges, Wytheville adopted a person- and place-based approach to leverage local assets, build regional partnerships, encourage community capacity-building, and ultimately revitalize its regional economy. Three years ago, the town's place governance organization, Downtown Wytheville, Inc., made it its mission to bring economic vitality back to Main Street. It completed a major downtown streetscape renovation, improving sidewalks, lighting, and crosswalks on Main Street, to create a more vibrant downtown. But leaders realized that Wytheville required more than physical changes to its landscape to spur revitalization: it needed human capital and the necessary skills to drive small business development and growth.

The town decided to start with what it had locally: aspiring entrepreneurs looking to launch their own businesses.

Investing in people is critical for community revitalization

While Wytheville recognized entrepreneurship as a critical tool for economic development, particularly for rural communities, leaders also knew that a lack of human capital and resources meant they would need more than small loans and financial incentives to create a supportive entrepreneurial environment. In addition to capital, residents need access to the skills training, mentorship, and resources required to create a locally-led and sustainable entrepreneurial environment.

And the first step in making this happen? A small business competition designed to build community capacity, make long-term investments in residents, and create a self-sustaining entrepreneurial ecosystem.

In 2018, Downtown Wytheville applied for and received a Community Business Launch Grant from the Virginia Department of Housing and Community Development and launched the competition, Evolution Wytheville. After receiving funding, Downtown Wytheville partnered with the Joint Industrial Development Authority of Wythe County and the Wytheville-Wythe-Bland Chamber of Commerce to recruit local businesses and build partnerships with downtown property owners—some of whom agreed to offer incentives, like reduced rent, to have competition winners locate in their storefronts.

The competition was open to anyone looking to start a business in the downtown district, and leaders conducted a local and regional awareness campaign to attract new and expanding businesses. After advertising with local media outlets and sharing a promotional video on social media, 30 aspiring entrepreneurs signed up. Town leaders narrowed it down to eight finalists and matched them with mentors, required them to take six entrepreneurship courses (ranging from financials and cash flow to business and legal structure), and asked them to present detailed business plans to a panel of local business leaders. Judges evaluated plans on the amount of foot traffic the business would generate, the number of jobs it would create, and the quality of the overall plan.

Four winners eventually took home $75,000 in prize money—two winners each opened breweries, one a Vietnamese bakery, and the other an art school. Participants highlighted the importance of not just the grant, but also the skill-building efforts. As the art school owner said: "The money we received and the publicity we got from winning were huge, but even before we won, we quickly saw our business grow based on what we learned," she said. Now, classes are filling up so quickly that she's planning to hire additional instructors.

By combining skills-building with mentorship and networking opportunities, places are using this model to lay the foundation for a strong and inclusive entrepreneurship environment, where nontraditional entrepreneurs can access the tools they need to launch their businesses.

This kind of capacity-building is a critical component of revitalization efforts across the country—including programs like Grow North in Minnesota, which provides online resources, in-person education, and opportunities to connect with other entrepreneurs, and TrepConnect in Albuquerque, N.M., an app that matches entrepreneurs to local resources and services. By combining skills-building with mentorship and networking opportunities, places are using this model to lay the foundation for a strong and inclusive entrepreneurship environment, where nontraditional entrepreneurs can access the tools they need to launch their businesses.

This model is important not only for spurring small business growth, but for ensuring that prosperity is locally-led, sustainable, and widespread across more members of the community.

Small-scale, place-based strategies can bring lasting impact

Today, thanks to walkable streets, new retail shops, restaurants, and breweries, a rural Main Street previously suffering from decline, population loss, and a lack of amenities, is now seeing new business growth and investment. This momentum is reflected in public and private reinvestment data: In 2018, the Downtown Wytheville district received $800,000 in public reinvestment and $5.7 million in private investment. To continue to reap these benefits, Wytheville is investing in additional efforts to nurture and sustain its entrepreneurial culture, offering free business classes and marketing assistance to residents and incentives like meal tax incentives, façade improvements, and signage programs to small businesses.

Ultimately, Wytheville's effort to boost entrepreneurship is not just about the winners of the business competition or other downtown Wytheville business owners—it is about improving the quality of life and access to quality places for an entire community. While such efforts cannot erase the geographic and demographic challenges Wytheville and other small rural towns like it face, they are helping to drive small-scale, regionally inclusive economic growth and showing the importance of centering people and place when doing so.

Note: Downtown Wytheville, Inc. is a part of Main Street America, a national network of more than 1,600 neighborhoods and communities who share a commitment to creating high-quality places and to building stronger communities through preservation-based economic development.


Popular posts from this blog

Here are 5 myths about side hustles you can't afford to ignore - CNBC

Small business taxes could be simplified under new proposals - Simply Business knowledge