Tag Archives: Owning a Business

Small Business Ideas: How to Live the American Dream of Owning a Business

Starting a small business is an exciting time in a person’s life. The business owner gets to become the boss, can come and go as he or she pleases, and has the final say in all business decisions. It is this sort of independence, free will, and self-determination that truly personifies the great American dream.

 Before Starting a New Business

Before starting a new business, the prospective business owner should visit the U.S. Small Business Administration website for comprehensive information on starting, managing, and expanding a small business. Other information includes how to formulate a business plan and how to obtain SBA loans.

Turning Hobbies and Interests into a Small Business

Many successful small business owners have started a business based on their hobbies and interests. These may include sewing pillows and clothing; opening an antique or thrift shop; making birdhouses; starting an automotive shop; or arts such as pottery and painting. Also applicable is travel. The owner of popular Iceland travel site Iceland in 8 Days decided to turn an Iceland vacation into an income stream and tax write-off by creating a full travel site around the excursion.

Small Business Ideas

Many other small business ideas have provided small business owners with independence and financial security. It still takes a lot of hard work and dedication, but given time and patience, the business owner can reap the benefits of owning a small business. Other small business ideas include:

  • HVAC. For the HVAC professional who has been in the business for 8-10 years, starting an HVAC business may be lucrative. HVAC is a recession-proof industry – all homes and businesses must run their HVAC systems year-round, and problems must be fixed by someone. This same principle applies to electricians and plumbers.
  • Lawn Care and Landscaping Services. Lawn care and landscaping is another recession-proof industry. The grass, weeds, and bushes never stop growing – and somebody has to trim them to keep property values up and everything looking tidy.
  • Pest Control Services. Pests such as roaches, ants, spiders, rats, and mice invariably invade homes around the world. The first line of defense is a pest control service, who sprays away those uninvited guests.
  • Consulting or Freelancing Business. This can include a graphic design business, accounting business, technical writing business, training business, and much more. The small business owner can either hire a staff and start a full-blown consulting business, or go solo and freelance for journals, magazines, news media, and the internet.
  • Handyman. Handyman services are particularly in demand among the elderly who may not be able to perform minor household repairs on their own. These services include painting, window repair, fixing leaks, and much more. A more apt title for this business idea would be “Handyperson,” since more women are choosing this business opportunity. This can even extend to things like MIG welding, with a portable Hobart Handler 190 a good choice.
  • Janitorial and Maid Services. Janitors and maids provide a valuable service to everyone: keeping things clean. So long as there are homes and businesses, there will always be a need for janitors and maids; hence the reason this is a great idea for a small business.
  • Hair Care Professionals. Everyone has at least a little hair on their heads, or perhaps just want a new look. Thus, there will always be a need for talented hair care professionals. Some have opened up hair salons in their homes, and have reaped the benefits of making money from home.

These are just a few of the hundreds of small business ideas available to those who would like to own their small piece of the American dream. Though small business owners must overcome some challenges along the way, owning a small business can be very rewarding at the same time.