One of the nice things about starting your own business is the number of options that exist. You don’t necessarily have to rent an office, or even commute to work. If you want to be an entrepreneur, there are many businesses that can be run right from your home. Even if you don’t have a particular business in mind but do know that you simply want – or need – to work from home, ideas abound.
You might have a hobby or talent that can become the basis for a home business. Or perhaps you’ve got skills from a previous career that can turn a profit for you now.
What Type of Business Should I Start?
Here’s a QuickTip: Make a list of all of your past jobs. Go all the way back to the part-time housecleaning job you had in high school. Then list the skills that each job required. You might be surprised to see just how varied your skill set is. Now list your hobbies and interests. If you notice a theme – maybe you worked in a bakery during college, and later your coworkers raved about the cookies you brought to the office every week – that might be a good idea for your business.
To help you along, consider these categories of jobs that are especially well-suited to home businesses. Maybe one will spark an idea for you.
Businesses that offer a service are great for those who want to work from home. You don’t need to keep any inventory and generally don’t have to deliver products. In many cases, you won’t need more than the internet to keep your business going.
Some service businesses to consider include:
- Graphic designer
- Virtual assistant
Offering a Product
Many talented entrepreneurs offer products from home. This type of business is appealing to people with specific talents that have brought them attention. Crafts and cooking come to mind immediately, but there are many other as well. Just a few ideas might be:
- Stock Photos and wallpapers
- Custom Floral arrangements
- Baked Goods
- Personal chef and local food delivery
A growing number of people start home-based businesses with a very specific skill. These are generally skills learned on earlier jobs, and may require licensing and continuing education. But experience in a skilled trade can be a great business foundation.
- Tile installer
Use Your Imagination
In addition to traditional jobs, starting a home-based business gives you plenty of room to be creative. It’s a perfect area to think outside the box and develop a business that lets you do what you really want to.
- Personal shopper
- Children’s party entertainer
- Pet sitter
- Disc jockey
Home-based Business Success Stories
As you think about which home-based business is right for you, keep this final list in mind for inspiration. These are just a few businesses that were started in someone’s home:
- Baby Einstein
- Mrs. Field’s Cookies
- Ben & Jerry’s Ice Cream
- Estee Lauder Cosmetics
- Russell Stover Candies
- Cape Cod Potato Chips
Ready to start a business and work from home and make your dreams into a reality? Talk to CorpNet for a free business consultation on how to incorporate a business. CorpNet’s free tools, advice and guidance can help you choose a business structure, form an LLC, set up an S-Corporation or other corporate entity to protect your assets and attain the corporate tax benefits and financial advantages of doing business as a corporation.