If you are looking for a great business idea, search no further. Here are six small business ideas we hope will inspire you to start a business of your own.
If you are looking for a great business idea, search no further. BusinessNewsDaily has come up with six small business ideas to give aspiring entrepreneurs some inspiration as they begin their journey in starting a business.
Companies are always looking for new and interesting ways to advertise, and that creates opportunities for clever entrepreneurs, like the folks behind Star Toilet Paper, which prints clients' ads on rolls of bathroom tissue.
"Now is the perfect time to start a business focusing on unique advertising because of the push companies are making to reach a captive audience," said Jordan Silverman, co-founder of Star Toilet Paper. Guerilla marketing and alternate means of advertising allow [companies] to reach captive audiences in a more cost-efficient and unique manner, making [these services] the perfect niche market for startups and new businesses."
Businesses for pets
It seems that, not unlike their masters, America's furry friends are suffering from a bit of a weight problem. The need for weight-management services among pets creates opportunities for savvy business owners. While pampered pets used to drive pet-related businesses, today there's a new market for pets in need of a little workout.
Ventures like the Tufts’ Veterinary Obesity Clinic, which helps pets lose weight, saw the need and pounced.
"By employing sound, research-proven methods, Tuft’s Veterinary Obesity Clinic will help owners achieve safe and effective weight loss for their pets," said Deborah E. Linder, a graduate of the Cummings School’s Doctor of Veterinary Medicine Program. "While the common perception leans toward overweight pets being happy, research has proven otherwise, and we hope to effect change in the obesity epidemic among companion animals."
Consumer demand for the newest electronics and latest gadgets has created an opportunity for entrepreneurs like Lee Lowden. Lowden started an e-recycling business that makes the process more accessible to everyday consumers.
"It truly is a great time to begin an e-recycling business," said Lowden, founder and CEO of Buyback Boss. "People are always looking for the best and newest technology on the market. As a result, there is an abundance of unused electronic devices lying around in many households. With e-recycling, consumers can cash in on their old technology and use the money for purchasing the newest technological trends on the market."
Online pawn shops
Pawn shops' stars are rising, thanks in part to some positive exposure from reality TV. Entrepreneurs see there's a lot of room in this growing and changing market.
"The pawnshop industry is changing in major ways," said Don Battis, CEO of online pawn market, Pawntique. "The popularity of the TV shows has raised awareness of pawnshops, and the industry has transformed itself from [a] seedy and shady reputation to the modern, professionally managed retail stores. Just as e-commerce has revolutionized the retail business, Pawntique is one of a handful of online pawnshops that are revolutionizing the pawnshop business in a new and apparently very popular way."
Outsourced human resources solutions
In a down economy, it's the back office that often gets cut first. Companies that have had to cut back on human resources spending are turning to outside firms to keep things running smoothly.
Scott DiGiammarino took advantage of this opportunity by founding Reel Potential, a company that edits Hollywood movie clips into videos meant to inspire and engage business leaders and employees.
"Over the past decade, businesses have been asked to do more with less," said DiGiammarino, the company’s CEO. "It's a great time for entrepreneurs to build creative solutions that will support executives, leaders and human resources staff.” He said the issue wasn’t a lack of ideas, but “the lack of courage that it takes companies to look at these solutions and incorporate them."
Products for Baby Boomers
As baby boomers age, there is a market for businesses that allow older people to continue enjoying leisure activities in spite of changing physical conditions. A recent New York Times article, for example, noted the increasing popularity of three-wheeled motorcycles among Boomers.
One entrepreneur created a product aimed at helping aging surfers continue to ride the waves.
"I believe that the baby boomer generation wants to show that, even though they are getting older, they can still practice sports like surfing," said Rasmus Backman Sorensen, creator of the Surf Jimmy, a product that make it easier to put on a wet suit. "They want to buy products that make it all easier, and they are willing to pay more for these products."
Find Your Business Idea
Ready to figure out what business idea is best for you? Try our Business Idea Generator. Answer 21 "yes" or "no" question and we'll tell you the top five business ideas that might work for you. Click here to get started. Don't worry, it will open in a new window and you won't lose your place in this countdown.