When you first think about starting a business, you might not even know what type of business you want to start. There are so many options out there, so you want to make sure you choose the best one for your skills and interests.
Here I want to cover three types of businesses to start: home-based, retail, and service businesses. Whichever resonates with you the most is probably the one you should start.
Home-Based Business: Zero Commute and Plenty of Flexibility
Millions of Americans run home-based businesses and thrive on the benefits. After all, having zero commute, being able to be close to your kids, and having a flexible schedule are pretty attractive, aren’t they?
Some types of businesses are better suited for being run from your home, like those that don’t require you meeting customers face-to-face. Some options for your home-based business include:
- Writing services
- Customer service
- Ecommerce (selling products online)
- Legal services
A word of advice: while it might seem easy and fun to work out of your home, it’s not for everyone. Many people find that they’re too easily distracted by the television, snacks in the fridge, or the kids to get any work done. Be honest with yourself about how disciplined you can be working from home.
Retail Business: Connecting Customers with Products
If you love selling products, retail might be a good fit. You can operate a store that sells anything from pet supplies to fancy baby clothes. You can make the products you sell yourself or buy them from a supplier. You can open a store in your community or a store online, or have a hybrid of the two.
If you go the retail route, you’ll probably want to hire staff to help you out. Initially, you can probably manage sales and operations, but over time, you’ll get too busy to do both well.
Service Business: Creating Something from Nothing
If you don’t sell tangible goods (like clothes or food), you sell services. Services are things you do or things you create from your own brainpower. So remodeling is an example of a service you do, or provide. Ghostwriting books is a service that comes from your brain.
Both consumers and other businesses need services. On the B2C side (Business to Consumer), you could offer:
- Interior design
- Lawn care
- Pet sitting
On the B2B side (Business to Business) you could offer:
- Business consulting
- Social media marketing
The possibilities of the type of business you start really are limitless. Take into consideration your interests, skills, and background when considering what type of business to start. After all, you’ll be doing this for the foreseeable future, so you want to make sure you enjoy what you’ll do.
CorpNet has helped entrepreneurs across the United States start new businesses. Our capable customer service can get you the right paperwork, right when you need it – guaranteed. Let us help you form an LLC or a corporation to get that new business off of the ground.