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Business start up ideas
Posted on 1/11/20 at 1:32 pm
Posted on 1/11/20 at 1:32 pm
I'm always curious about these types of discussions.
What are some low start up cost small business ideas that you guys see being successful going forward?
What are some low start up cost small business ideas that you guys see being successful going forward?
17
Posted on 1/11/20 at 1:44 pm to SidewalkTiger
Reading this board ... self made financial consultant
Posted on 1/11/20 at 1:52 pm to SidewalkTiger
If I had a good enough idea, I’d probably be building something myself. As it is though, things that make people’s lives more convenient are going to do well. As people accumulate more disposable income, they’re more likely to pay someone else to do tasks they don’t want to mess with. You see this in the rise of food delivery and grocery delivery.
I think there is opportunity in handyman type stuff. Guys either don’t know how or don’t want to do the small R&M stuff around the house anymore.
I think there is opportunity in handyman type stuff. Guys either don’t know how or don’t want to do the small R&M stuff around the house anymore.
Posted on 1/11/20 at 2:07 pm to SidewalkTiger
just day trade full-time
zero overhead
if you want to walk away with 1 million
be sure to start with 2 million
zero overhead
if you want to walk away with 1 million
be sure to start with 2 million
Posted on 1/12/20 at 12:17 am to SidewalkTiger
If I were to do it over again, I would start a restoration company. They made $10,000 of my insurance company for 6 man hours... insane
Posted on 9/15/21 at 8:49 am to SidewalkTiger
Idea =/= Execution. And the later matters far more.
They are all low cost in this day of age, at least relatively. Can you execute it? Can you lead? Can you sell? Can you scale?
Far more into it than just having a good idea. That said, to be somewhat productive, I think there is a ton of value in regionalized/localized service based business that focus on brand/content creation/customer service.
Lots of money to be made in the service industry shift as boomers age out/die. I think most cities 100k+ will see 2-3 companies buy off all these little guys and dominate the market, but there is still room if you have any trade skill or can lead people who do.
They are all low cost in this day of age, at least relatively. Can you execute it? Can you lead? Can you sell? Can you scale?
Far more into it than just having a good idea. That said, to be somewhat productive, I think there is a ton of value in regionalized/localized service based business that focus on brand/content creation/customer service.
Lots of money to be made in the service industry shift as boomers age out/die. I think most cities 100k+ will see 2-3 companies buy off all these little guys and dominate the market, but there is still room if you have any trade skill or can lead people who do.
Posted on 9/15/21 at 8:15 pm to SidewalkTiger
Spraying yards for mosquitos. A backpack blower with the attachment for dispersing chemicals runs $700-$800. The chemicals themselves cost pennies per yard. It is hard work, but you can hire hard working young folks (if you can find any) to do the labor. My buddy has a company that sprays over 500 yards a month at $50/yard/month. He also owns another company (similar to TruGreen) that sprays lawns for weed control and keeping them green.
Posted on 9/16/21 at 12:14 am to LSUShock
This is spot on. Execution and scaling are very hard in skilled trades these days. I own a construction related business and we’ve grown tremendously since we started 6 yrs ago. We had several links to large labor pools which has been one of our keys to success. We’re adding a couple of welding crews for our service division because there is an extreme lack of companies with that type of skilled labor. I have a company lined up that is going to put them to work as soon as we have them outfitted. Skilled trades continue to grow in demand as the older generation moves on and the younger generations are too good to work with their hands. If you can sell, execute, lead, recruit and scale you’ll be very successful. Not sure your geographic region but the demand will be specific to your area with respect to what type of services are needed.
Posted on 9/20/21 at 3:22 pm to BLM
BLM, could we chat more in depth? I have been wanting to go out on my own in construction and I am unsure what the best foot forward would be.
Posted on 9/20/21 at 3:41 pm to SidewalkTiger
I tend to question the "shark tank" swing for the fences ideas. You are competing against some of the smartest people in the world.
I believe a start up benefits if you will enjoy it while slogging it out in the beginning.
I believe a start up benefits if you will enjoy it while slogging it out in the beginning.
Posted on 9/20/21 at 4:56 pm to AUHighPlainsDrifter
An idea related to the mosquito spraying is roof cleaning. Have you noticed how shitty many roofs look? Spray that shite with bleach and water. Roof looks damn near new again.
This post was edited on 9/20/21 at 4:57 pm
Posted on 9/20/21 at 9:03 pm to Langland
quote:
Spray that shite with bleach and water. Roof looks damn near new again
Yeah, sounds easy enough but then you you have guys up on roofs all day. Someone would fall at least once a week. Your insurance and lack of worker continuity would make that a much tougher task.
Posted on 9/21/21 at 11:55 am to SidewalkTiger
Really any business will be successful if you do two things:
1. Make sure what you have is marketable and needed/wanted.
2. Most importantly build an audience. You can almost do anything once you build your brand and audience. This takes time. Most businesses only chase the immediate sales, which is important to stay a float. But the long term successful businesses build an audience. They last through the good and bad times.
1. Make sure what you have is marketable and needed/wanted.
2. Most importantly build an audience. You can almost do anything once you build your brand and audience. This takes time. Most businesses only chase the immediate sales, which is important to stay a float. But the long term successful businesses build an audience. They last through the good and bad times.
Posted on 9/21/21 at 2:03 pm to supadave3
quote:
sounds easy enough but then you you have guys up on roofs all day.
quote:
Someone would fall at least once a week.
Why not just get a bucket truck? Or one of those cherry pickers with an alternating arm, if you are spraying it those would do great.
As a small business operator/owner I spend a bunch of time trying to figure shite out on my own.
Posted on 9/21/21 at 9:00 pm to SidewalkTiger
Just be a contractor that actually returns phone calls and meets deadlines. You could charge 30% more than the next guy and people would use you. I know I would.
Posted on 9/21/21 at 9:57 pm to SidewalkTiger
6 Minute Abs….
Seriously, it really depends on what you’re good at. You can start a business in absolutely any profession or market. If you have a good business plan/model you can survive with discipline and hard work. No guarantees that you will get rich or even stay in business more than a few years; however, it’s the most rewarding thing you can ever do in your career. Just learn quickly and never make the same mistakes twice.
Seriously, it really depends on what you’re good at. You can start a business in absolutely any profession or market. If you have a good business plan/model you can survive with discipline and hard work. No guarantees that you will get rich or even stay in business more than a few years; however, it’s the most rewarding thing you can ever do in your career. Just learn quickly and never make the same mistakes twice.
Posted on 9/21/21 at 11:10 pm to SidewalkTiger
Wife and I started a digital marketing company 7 years ago, which has a really low barrier to entry cost wise because all employees are remote. She ran it because I had a good job in oil and gas and we didn't need her to make a lot. Just because it has a low startup cost doesn't mean it will be immediately successful, especially without marketing or funding.
It took a few years for the marketing firm to take off, and we paid payroll out of our personal accounts a few times, but she did a good job and has grown it up pretty nicely. We are now starting 2 new businesses (wedding venue and short term rentals), that I feel good about succeeding quickly, because they will have the benefit of great marketing and funding. Once those are going early next year, I'm quitting oil and gas and working in our businesses.
It took a few years for the marketing firm to take off, and we paid payroll out of our personal accounts a few times, but she did a good job and has grown it up pretty nicely. We are now starting 2 new businesses (wedding venue and short term rentals), that I feel good about succeeding quickly, because they will have the benefit of great marketing and funding. Once those are going early next year, I'm quitting oil and gas and working in our businesses.
This post was edited on 9/21/21 at 11:14 pm
Posted on 10/9/21 at 8:57 am to Bobbi12
Sure. I’d be happy to. What kind of construction? They’re all different with different relationships and sales channels. What is your experience level and why do you want to do your own thing?
You have to be honest with yourself on your personality type and how that will translate. I’m a much better owner and salesperson than I was a project manager that had to live in the day to day of a project for long periods of time. I’m not good at living in the details and seeing a project thru from start to completion. I get very bored quickly so I need people around me that can carry it thru successfully. I am good at sales, vision, networking, construction problem solving, creative thinking, etc. Being a superintendent and a project manager/estimator in the past gave me great experience that I still pull from all the time. We actually give all potential new hires 2 personality tests to understand their make-up. This is for office/salaried personnel. It’s pretty amazing how you can hone in on certain personality types to know how to deal with them and to predict their potential success in specific roles.
You have to be honest with yourself on your personality type and how that will translate. I’m a much better owner and salesperson than I was a project manager that had to live in the day to day of a project for long periods of time. I’m not good at living in the details and seeing a project thru from start to completion. I get very bored quickly so I need people around me that can carry it thru successfully. I am good at sales, vision, networking, construction problem solving, creative thinking, etc. Being a superintendent and a project manager/estimator in the past gave me great experience that I still pull from all the time. We actually give all potential new hires 2 personality tests to understand their make-up. This is for office/salaried personnel. It’s pretty amazing how you can hone in on certain personality types to know how to deal with them and to predict their potential success in specific roles.
Posted on 10/10/21 at 8:54 pm to southernelite
quote:
I think there is opportunity in handyman type stuff
We killed trade schools and took a shite on blue collar jobs.
Being a licensed plumber or electrician or carpenter is like being a gold miner
Posted on 10/10/21 at 10:21 pm to SidewalkTiger
Corsages
Paid $50 for one this weekend.
An fn corsage.
Paid $50 for one this weekend.
An fn corsage.
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