Great Business Ideas for Entrepreneurs

Breaking into entrepreneurship can be intimidating. Starting a business requires dedication, planning, and an inventive mindset, but the risk could be worth the reward if done correctly. Today’s entrepreneurs have vast resources of information to draw upon, such as mentors, workshops, and even online resources. With that in mind, here are 10 great small business ideas for entrepreneurs who are trying to break into the world of entrepreneurship.

1. E-commerce Store
   The e-commerce revolution has opened up countless opportunities for entrepreneurs, whether it’s a passive income or full-on thriving business. With minimal start-up costs and limitless potential, setting up an e-commerce store can be a great business idea for entrepreneurs. Shopify, BigCommerce, and Amazon are the go-to platforms for setting up a store, and with their wide range of features and plugins, even a small business can make it big in the world of e-commerce.

2. Social Media Consultancy
   Social media networks such as Facebook, Twitter, Instagram, LinkedIn, and even Pinterest are essential building blocks of successful marketing campaigns. Though the basics are easy to learn, creating a winning campaign requires technical knowledge and know-how. Therefore, social media consultancy can be a great business idea for entrepreneurs. A social media consultant can work with clients to create a comprehensive strategy to help them get the most out of their social media presences.

3. Content Writing Services
   Content marketing is a must in order to stand out online and appeal to customers. Business owners need content writers to write blog posts, articles, website copy, and press releases. As a content writer, you would be providing these services to businesses and helping them to get their message heard by their target audience.

4. Online Tutoring
   With the increased prevalence of online learning, a great business idea for entrepreneurs is to set up an online tutoring service. This could be anything from language tutoring, to help with essays, or providing homework assistance. This type of business will require the entrepreneur to have a good understanding of the subject matter and must also be able to provide an organized and committed tutoring service.

5. Blogging
   Blogging is an excellent way to get your message out to the world and may provide an additional stream of income. This can range from being a lifestyle blogger, to a business blog, to providing news and information. As a blogger, you will need to be passionate about the topics you write about and must be willing to commit to constantly creating fresh content.

6. Virtual Assistant
   With almost every company having an online presence, businesses need a virtual assistant to help manage the online tasks they are not capable of doing themselves. Some services a virtual assistant can provide include managing a website, writing blog posts and articles, managing social media accounts, and handling customer service inquiries.

7. Professional Speaking
   Motivational speakers who have a message to share can use their skills to start a business in professional speaking. Depending on the topic of your speech, you can target a wide range of businesses and organizations as potential clients, and even conduct workshops or seminars.

8. SEO Consultant
   For any business to achieve success online, it is essential to have a great SEO campaign. As a SEO consultant, you will be in charge of optimizing a company’s website for search engine optimization, as well as providing valuable insights into how to make the most of the website and its content.

9. Mobile App Developer
   Though it requires a specific set of skills, mobile app development is an ideal business idea for entrepreneurs. As the prevalence of smartphones continues to grow, the demand for apps will continue to increase and thus, so will the need for developers. There is also the potential to create an app and release it to the public, and hopefully make money through downloads.

10. Niche Consultancy
    As a niche consultant, you can use your own expertise to help companies in a particular industry. For example, if you have extensive knowledge of the food industry, you can help businesses in the restaurant and food services sector. This type of consultancy can be very lucrative and much sought after by many businesses.

Having the right talents and skills can be used to turn your passions and hobbies into a flourishing business. The key for entrepreneurs looking to break into the business world is to understand their own strengths and to search for opportunities that fit their circumstances. By following the tips outlined above, you can get an idea for the type of business you are suited for and have the best chance of success.