The 14 Best New Small Business Ideas and Opportunities to Start Today

Have you caught the entrepreneur bug and are wanting to start your own small business?

You’ve heard stories of people that have struck it rich by going out on their own and working for themselves.

The thoughts and dreams of running your own business can be intoxicating.

It’s funny that growing up, I never really thought about starting my own business; not as a child, not in high school, not even in college, and frankly, I didn’t think much about it after starting my career.

When I finally got the opportunity and saw what it really meant, starting my own small business has been one of the best ideas I’ve ever had.

If you’re looking to start your own small business, here are some of the best new small business ideas to kick around.

If you’re looking to start a new venture, here are the best small business credit cards to check out.

1. Uber

earn 500 dollars as an uber driverUber made the top of this list because it has become one of the most hassle free ways for people with a relatively clean driving record to get started working for themselves.  Getting started requires little training and you can make enough money during non-business hours to provide a livable income for your family.  You will not get rich driving for Uber, but you can work during the hours you want to work and it may allow you to pursue a small business idea you are more passionate about.

Once you sign up on their website, you will have a background check done.  Once that is complete you have to have a vehicle inspection and then you are good to go.

2. Financial planner

How could I write a blog post about the best small business ideas and not include my profession? Some of the perks of becoming a financial planner are that you control your own hours, you work with the people you want to work with, and the pay can be very good.

I don’t want to make it sound, though, that to become a financial planner is easy breezy because it does take a lot of work. It takes a long time, sometimes several years, to build up a client base and getting hired is often times tough, especially if you don’t have a financial background.

Think you have what it takes to my job? Here’s what you have to do to become a successful financial advisor.

There are independent companies like Primerica and World Financial Group that do allow for you to get into the industry, but oftentimes they’ll start you off with you getting your insurance license first. Still, for an awesome profession, it is a nice way to get your foot in the door.

3. Insurance agent

For some people, the job description selling insurance is not that appealing, but the fact of the matter is it pays very well. Whether you’re a pure life insurance agent or a property and casualty, insurance agents can make very good money.

To get licensed, you just have to take some basic tests that will cost you a couple hundred bucks, including studying materials and the actual testing costs. To become an independent life insurance agent, is really easy now days as there are many independent brokerages that you can connect with.

Getting approved for property and casualty can be tough, especially depending on your geographic location. I’m in the process of adding an insurance division to my financial planning practice, and as of now, we’ve had a few obstacles in getting approved by any carriers for the P&C side.

Nonetheless, if you think you like insurance and you want to help people, it’s definitely a good profession, definitely a good small business idea that you can pursue.

4. Freelance writer

Even though I have a blog and you’re currently reading one of my blog posts, the irony to that is that I hate to write. Mostly because it’s not a natural gift and it takes a lot of time and energy and a lot of extra brain juice to crank out a good post; but if you’re able to knock out solid articles, in your spare time, this freelance writing might be right for you.

Miranda Marquit, who is a freelance writer for my site, has created a full-time small business out of her freelance writing work. You can read an article she shared about how to be a successful freelance writer where she shares her story. Being a freelance writer allows her to work no more than 30 hours a week while working at home, and also to be the breadwinner of her family. Not too shabby for having a skill to crank out 70 words a minute.

5. Make and Sell Clothes

For my son’s first birthday, my wife was proud to show off his birthday shirt that a local seamstress had designed on her own. Next thing I know, this was a tradition for all my kids’ birthdays, including other various celebrations, too.

Turns out that Angie Congiardo has built up a very nice small business side income by doing what she knows, sewing.

She does it on the side and has shared with me that the first full year that she kept track, she was able to bring in $11,000 on the side.

Not bad for a small business idea working out of her house.

She does no advertising other than Facebook Fanpage, but as most of you know, that’s free.

If you have a skill in sewing any type of clothing, there’s definitely an opportunity to turn that into a small business.

Notice the P, B, & S shirts to the right?

Those are compliments of Angie herself.   Always nice to support local small businesses. 

Category: Business ideas

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