Great Ideas For Small Businesses To Start In 2022

If you want to run a dog boarding center but live in an apartment without a backyard, you might want to consider a dog walking business instead. "Partnerships are great for businesses operated by several individuals. It hews most closely to a sole proprietorship in that the individuals take on the business liability airytek and pay taxes on a personal level." An LLC is a more complex business structure than a sole proprietorship and can include individuals, corporations, and other LLCs as members. Additionally, LLCs are not subject to a separate level of tax and offer the business owner liability protection and tax advantages.

How To Start A Business: A Startup Guide For Entrepreneurs

Always dreamt of owning a restaurant but not quite ready to take the plunge? It’s a great way to become familiar with food and restaurant licensing in your state, see what people like and don’t like, and build a ravenous following before ever opening or investing in a brick-and-mortar location. Again, if you’re an organized, highly-detailed person, the life of a personal assistant might be for you. Don’t want to be tied to one office or person all day, every day? Consider becoming a virtual assistant, which allows you a more flexible work environment.

What Would Be A Good Small Business To Start?

Licensing and insurance will be the two most important factors in opening a dog walking, grooming, or training business, but your canine colleagues will surely make up for the initial red tape. To test the waters before jumping in, consider walking dogs through companies like Rover. If you have an eye for style but don’t want to invest in the inventory of a brand-new boutique, consider going consignment.

Online memberships aren’t just a hot new business idea that materialized from people being required to stay home during the COVID-19 crisis. Online memberships are ideal for entrepreneurs with an established active and engaged community. They work much like a subscription-based business—customers make recurring payments in exchange for a virtual product or service. Offering services isn’t passive, but it certainly can be a lucrative way to gain self-employment. With services-based small business ideas, “time” is your inventory and your biggest investment.

If you’re like Brian and you’ve already thought about a solution for a problem you encounter in your life — or you’re on the path to doing so — then starting a small business may be in your future. It may also be for you if you dream of clocking out of your nine-to-five job for the last time and becoming your own boss. Sign Up NowGet this delivered to your inbox, and more info about our products and services. Business resources, including customer relations, market share, supplier relations, manufacturing and distribution processes, technology and reputation, all of which give the company a position in its industry and market.