Some individuals join entrepreneurship with a vivid vision. They understand the industry they want to venture in and the path they can take to get there. However, it is challenging for many new entrepreneurs to figure out what is needed to start a business and determine the best business choice to invest in.
This article will look into seven stable business ideas to help you start your journey and grow.
- Start a Cannabis Business
The cannabis industry has experienced a big makeover in the past years due to its continued legalization worldwide. Moreover, global cannabis sales of cannabis are projected to hit $33.6 billion come 2025, which is expected to be higher if more USA states legalize cannabis.
The cannabis industry has enormous potential, and you have different options to deal with. There is a huge demand for cannabinoids and their products, including THC gummies, oils, and vape disposables. You can open a weed dispensary and sell these products to the public, to dispensaries as a distributor, or by opening a website or a delivery service.
Gone are the days you needed to sell cannabis products on the street. You can start a small cannabis business with little investment and risk by opening a website that delivers different products through courier services and mail.
- Freelance Developer
Web development is rife more than ever. From giving technical support to businesses to building websites, you will have a wide range of services. It would be better if you had the technical skill set to start this business. You will provide your expertise and skills to customers looking for web development services, from small businesses to enterprise-level organizations.
This business idea will need some level of training to be successful. You do not have to fret if you are a beginner, as there are many ways to learn. There are various boot camps where you can learn front-end development or full-stack development from accredited schools. The boot camps also have different prices, so ensure you do your research to find one that is most suitable for your budget.
You can acquire equipment to venture into the landscaping business, which can be lucrative. This applies if you enjoy landscaping in your home and have an eye for landscape design. Some of the neighborhood needs include seasonal decor, mowing, and trimming trees.
The upside of this business is that you can start small. You can offer your neighbors mulching or seasonal planting services and grow from there. You can also consider taking formal training to expand your skill set.
Moreover, you can pursue a certificate to build connections and take your business to the next level. You can get a potential certificate from the Association of Professional Landscaping Designers. That said, ensure you look into your state requirements, as some require licensure, mainly when you use fertilizers and pesticides.
- Food Truck Business
You might have a dream of starting a restaurant business and might not be ready to take that step. A food truck business will be a great way to test your concepts while becoming familiar with the food and restaurant business. This way, you will be able to identify what is loved and what is shunned. From there, you can establish a foundation that you’ll use when the time comes to invest in a restaurant.
- Freelance Writing
Many organizations and individuals are willing to pay for your services if you know you have good writing skills. You can write landing pages, blog posts, product descriptions, copy galore, and magazine articles. The secret to freelance writing is building on your work so that you have samples to attract and share with potential customers.
It will also be helpful to choose a specialty. For example, you can only write about the cannabis industry if you have a vast knowledge of the topic. By finding your niche, you will gain confidence as a freelancer.
Videography is a business that may need investment in equipment upfront. This can be a little expensive, and that is what makes services valuable. Ensure you have a website for your work so that potential clients can view your selections.
There are no licensing or educational requirements for starting a videography business. However, it would help to specialize in this business, just like writing or other arts. For instance, testimonials differ from wedding videos, while the latter differ from interviews. Specialization allows you to target specific customers and will enable you to up-skill effectively.
- Home Baking Business
Home bake products will always beat warehouse products, hands down. You make cakes or chocolate with precision and love at home, thus imparting great taste. You can start by trying different recipes and selling them to your neighbors and friends. Note the flavors they love and stick to them.
From there, go on to sell at local events and trade fairs. Besides, build a website and start delivering your products to different customers. Ensure your business complies with all your state regulations.
Above are just a few of the many business ideas you can start. No one can say they have mastered the perfection of starting or running a business. You will make many mistakes, but that is how you will grow. Moreover, avoid procrastinating if you want to venture into entrepreneurship. Ensure you conduct extensive research before venturing into any business. Above all, be disciplined and goal-oriented, and you will grow your business.