No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
Through technology, our world has become progressively more interconnected, and has created the potential for hundreds of different business ideas.
Being a successful entrepreneur today is all about generating multiple sources of income. The title “serial entrepreneur” is tossed around with ease because the internet has created an avenue through which we can find endless ways to make a living. Those who diversify their revenue streams will help ensure their chances of success without necessarily overburdening themselves.
Through technology, our world has become progressively more interconnected, and has created the potential for hundreds of different business ideas. That said, here are five business ideas that you can launch from your living room.
Online language tutor
Services such as Skype that offer free face-to-face communication instantaneously with anyone in the world have created a market for online language tutors. There are countless startups that offer language lessons by matching native speakers to eager learners. Most of these sites don’t require you to speak the language of your pupils.
Join one of these sites and teach for a few months. This will allow you to build experience and credibility as a teacher. Then break off from your matching agency and start your own private lessons. This will allow you to set your own schedule and price!
Start a blog
The most important rule when starting a new blog is to pick a niche subject that attracts a good readership. If you are a decent writer, this shouldn’t be too hard, and you can also enlist one of the countless copywriters out there to write your content for you (for pretty cheap!). Once you fill your blog with quality content that attracts a solid following, there are many “affiliate marketing” programs where companies like Amazon and Google will pay you to promote their products or services.
This idea may take a bit of an initial investment -- especially if you are paying a writer. However, once it gets going, it begins to pay for itself and will only grow from there.
Fulfillment by Amazon (FBA)
This program through Amazon basically allows you to run an ecommerce operation out of your house. Amazon writes, “You sell it, we ship it,” meaning all you have to do is connect with a customer, and Amazon takes care of all of the packaging, shipping and handling. They even store your products in their warehouses. This is a great way to help you scale your small business with professional help from one of the industry leaders in ecommerce.
Become a translator
If you are fluent in another language, it is easy to connect with firms that are looking for professionals to translate documents and audio for their businesses. Most of these businesses have employees that learned the language in school, but the companies want someone with cultural knowledge as well as fantastic language skills. The more obscure the language is, the more you get paid!
Crypto, crypto, crypto. It seems to be the talk of the town these days, and it’s for a good reason. People all over the world are making money trading cryptocurrencies. So what’s the catch? Truthfully, there really isn’t one. These digital assets are highly volatile and do not behave like normal securities. Before investing in cryptocurrencies you should do an ample amount of research, and never invest solely based on someone else’s opinion.
Opportunities are everywhere in this world. If you aren’t where you want to be financially, that’s on you. The five business ideas above are only a handful available to you. Not only that, but you can launch them all from the comfort of your living room.
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
A number of factors play into a business’s closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such …
It is incorrect to conclude that pursuing Entrepreneurship is better or worse than pursuing a role of a senior corporate executive. Being an entrepreneur is not for everyone. However, not every successful entrepreneur has the skill set to thrive in a corporate environment. Life as an entrepreneur, especially during the early stages of a business, is very challenging. There is an element of uncertainty and risk that one will not face when he/she signs up for a stable job with a large corporate. Further, the perks at the office and the lifestyle are typically not as extravagant. There are various reasons why people choose to pursue the path of entrepreneurship. Solving a problem/Addressing a need - The root of entrepreneurship is often based in solving a particular problem. For many entrepreneurs, ideas are driven by real life problems that they have faced. A prime example for this can be Brian Chesky and Joe Gebbia, founders of Airbnb. The need for a pocket-friendly accommodation other t…
Africa is a growing continent that
has great potential and natural resources. Because there are many business opportunities in Africa, most
entrepreneurs are now venturing in the continent. They take this opportunity not only to gain money but also to improve the
lives of the people in that region. To be a successful
entrepreneur in Africa, you have to look beyond the resources
the continent offers, the Gold, Diamond, Copper, Oil, Timber and many other
resources. The term “millionaire” is taking on a new meaning in Africa. It’s no longer just about the size of your bank account; any shady
politician, corrupt bureaucrat, or unscrupulous businessman on the continent
can easily claim to be a millionaire. But Africa’s new and emerging generation
of millionaires are not just excited about money. They’re also passionate about
impact; they want to create value that touches and improves people’s lives. It’s called impact
entrepreneurship. It’s the new way of making money and doing good, at the