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Top 5 Business Ideas for the Budding Entrepreneur

small businessAre you a budding entrepreneur who is salivating at the idea of getting their hands dirty in a new business venture? Then the first thing you need to do to get started is to think about what you love to do and what you’re good at. Below are five business ideas for inspiration.

1. Telecommunications

If you’re a budding entrepreneur with a strong sales background, telecommunications could be the path for you. This is, however, a highly competitive industry, so the trick to get ahead is to partner with a company that already has established networks to get you started. For example, there are companies like Telcoinabox that are wholesale suppliers for all your telco needs, with access to major carriers and state-of-the-art products.

2. Catering

This is the perfect business direction for someone who is good in the kitchen, great under pressure, and willing to create a diverse menu to please a broad demographic. Another entrepreneurial branch of this could be cake making. The cupcake industry, for example, is hugely popular for a variety of events including weddings, kids’ birthdays, and corporate gatherings.

3. Website Design

With so many taking the plunge to start their own business, there are plenty of people left with little time to spend on a lot of basic marketing elements, such as website design. The website is usually the first port of call when potential clients are researching a business, so it has to stand out. Taking advantage of this demand is the ideal business platform for a budding entrepreneur who knows graphics, is tech savvy, and knows how to sell an idea.

4. Personal Organizer

Individuals, small business, and large companies require strong organization to run efficiently, and this doesn’t just refer to document filing or de-cluttering a few desks. Reorganizing an entire business could include establishing an online archiving system, redesigning an office layout, or clearing out an individual’s wardrobe. Contracting out your services to businesses, people’s homes or large corporations is a great idea for someone who exudes patience and tenacity.

5. Party Planner

If you love a good party and appreciate each decoration that has been carefully selected to bring it to life, party planning may be your calling! In today’s busy world, people have less time to spend on things like special events and children’s birthday parties, and they are utilizing the resources of others to help them get there in time. The great thing about this avenue is its diversity; you could be dressed as a clown at a little boy’s birthday one week and looking slick at a corporate event the following weekend.

Budding entrepreneurs have plenty going for them today, as demands for new ideas are constantly on the rise. It’s a competitive market to get into, but finding that niche path or putting a creative spin on an old idea is the best way to stay current and keep up with expectations. Do this and you’ll be flaunting your new business in no time.

What are some of your ideas for a creative business? Share your ideas in the comments below!

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AUTHOR Derek

My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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