Being an entrepreneur requires someone to be creative. Naturally, creative people would like to start a business and put their creativity to the test. This article is definitely for you. An Entrepreneur is someone who starts or creates a business intending to get a profit and accept all the risks that come with entrepreneurship.
An entrepreneur should be able to develop a unique business idea. For an entrepreneur to get maximum profits, the business the entrepreneur decides to start should be a business that is in demand. The business choice will depend on what the entrepreneur likes and what the entrepreneur is good at doing. Here are some of the things an entrepreneur can do when starting a business.
- Conduct market research. This will enable the entrepreneur to know what the target market wants. Conducting market research will also enable entrepreneurs to know what the potential competitors are doing and how the entrepreneurs can better their products.
- Have a business plan. A business plan is a document that entrepreneurs and business owners use. A business plan will explain what the business is all about and what the products it intends to provide to the consumers. A business plan should contain things like the financial statements, the marketing strategies, the names of all the people involved in the business, and the accounting books.
- An entrepreneur has to know how to launch the goods or services he or she will offer. An entrepreneur should therefore come up with launching strategies that will help in attracting potential customers and retaining the already existing customers.
- An entrepreneur should also decide on the type of business to have. The business can be either online or physical. An entrepreneur should know the pros and cons of online and physical businesses before deciding on a type.
- An entrepreneur should also consider the costs that will be associated when starting the business. An entrepreneur has to know how the business will be funded and how much investment will be put into the business.
- An entrepreneur should have a sinking fund. A sinking fund is a money that a business sets aside to pay off any debts it might have. A sinking fund will be of great use when a business takes a loan from a financial institution.
With that in mind, which are some business ideas creative entrepreneurs can start? Here are some creative ideas for businesses.
Travel Planning
Is traveling your passion? Are you good at planning and organizing things? This might be the best creative business you can start as an entrepreneur. You can start a small business by organizing trips for your friends and family members.
As a professional travel planner, you will get better deals from hotels. A travel planner is also aware of the best travel seasons people can travel. With that, a travel planner will be able to get transport means at a cheaper rate. A travel planner can book flights earlier and gets tickets at a cheaper rate.
As a travel planner, you can issue your clients with an itinerary that they can follow during their trip. A travel planner will be able to show the travelers around the destinations they are traveling to. It is advisable to conduct a pre-visit to the destinations the planner is planning to make available to his or her customers.
Bookkeeping
Bookkeeping is the recording of a business’s financial transactions. Many businesses and companies do their bookkeeping online nowadays. Are you a professional bookkeeper or accountant? This is the perfect job for you.
As a bookkeeper or accountant, you can offer your services to other businesses and companies. You can do this from the comfort of your home, as this is an online business. With the right accounting software, you can offer bookkeeping services to your clients.
Language Translator
There is always growing demand for skilled language translators. If an entrepreneur speaks and has a knowledge of multiple languages, this can be the perfect business to start. There are quite many applications like Fiverr and Preply where an entrepreneur can put his or her language translation skills to use.
As an entrepreneur, you can also offer classes to people who will be interested to learn a certain language. This will help an entrepreneur to earn an extra income.
Online e-commerce stores
If an entrepreneur is good at sales, this is the perfect opportunity and business idea. An entrepreneur can start an e-commerce online store. As an entrepreneur, do your research to know what goods are in high demand in your area. Once an entrepreneur knows the goods on demand, he or she can opt to sell those goods. As an entrepreneur, make sure the goods you sell are also unique to other goods other e-commerce stores might be selling.
Make sure people get to know the existence of your online e-commerce stores through marketing and advertising. This is done using many marketing strategies.
Food Truck
Everybody loves food. If you love cooking and experimenting with food, this is the perfect business you can start. Most entrepreneurs who want to start a restaurant do not have the needed equipment and funds. To start, as an entrepreneur you can have a food track instead.
An entrepreneur will be required to buy a food truck, which is a cheaper option than starting a restaurant. Before you start offering your services, you can ask around and do your market research to know which type of food most people prefer. Make the menu your food truck is providing versatile. This will help your customers have a variety of food they can choose from. After some time, if the response is positive and you have the needed funds, you can start a restaurant.
Freelance Writing
Is writing your niche? You can take advantage of that. You can offer writing services to people who need documents and articles written. You can also offer writing services on websites like Fiverr and Upwork. You can offer different prices depending on your skills. By advertising your writing work, people will get to know about the services you are offering.
Photography
If you have a passion for photography, you can take your passion or hobby and turn it into a business. There is a growing demand for photographers as people want to capture memories for future use. To be a photographer, an entrepreneur has to have a camera.
As an entrepreneur, you should have several photography offers. This will help you find a versatile client base as you will be offering many photography services.
Food Catering
If you have a passion for food, food catering can be a good business idea. All you have to do is have a place where you will be cooking the food and the ingredients to cook the meals. Food catering is a business that is in demand.
You can offer a variety of foods on your menu. As an entrepreneur, advertise your business to people. You can also offer food catering services to parties, weddings, and any other events. When people enjoy your food, they will make orders.
Music Teacher
If you have an interest in music and have some knowledge of music, you can start this business. Teaching music can be both online and physical. By using video conferencing apps, you will be able to teach your students how to play musical instruments and music in general. Look around and find interested people who will join your music classes.
Makeup Artist
The makeup industry has a high demand. If you can apply makeup on people, starting this business will be a good option. Creative makeup is on the rise. The more creative you are the more clients you will get. You can have the option of either starting a makeup salon or doing house calls.
Baking and Cake Decorating
People love to eat sweet things. This can include loaves of bread, cookies, cakes, and muffins among others. If you can bake, starting a bakery in the comfort of your home can help you earn some income. Start by baking for your family and friends and then selling the baked goods to them. An entrepreneur can also train people how to bake at a fee.
We all love it when our cakes are well decorated. You can pick this as your niche. Cake decorating is a skill that not many people have. If you can decorate, use your creativity and decorate unique things. You can offer cake-decorating classes to people who are interested in learning at a fee.
Candle Making
In recent years, there has been a high demand for scented and non-scented candles. Many people like to gift people candles. Once you get a ready market, you can customize candles and make them have different scents. Be creative as you can when you are making the candles. The candles can come in different shapes and colors. Make sure the quality of the candles you are making is good for you to retain your customers.
Cloth Designer
People will always wear clothes. You can be creative in the fashion industry. Offer services to people and make their clothes. As an entrepreneur, you can decide to make specific types of clothes catering to a specific group of people for example offer clothing that is made using recycled materials . When an entrepreneur is a cloth designer, you can decide to pick a niche and stick to it.
Being a cloth designer also helps you to provide an alternative by helping people readjust their clothes. If you are a pro, you can also have a school and teach people how to sew clothes. When you open up a cloth designing shop, you can employ people to help you out in the shop.
Cleaning Services
Everybody needs a clean house and office. For most people, cleaning is a task they do not like. If you are a clean guru, you can decide to offer cleaning services to people in need. You can buy a few cleaning types of equipment like brushes, soap, brooms, gloves, mops and cleaning cloths.
As an entrepreneur, you can decide to pick your niche and focus on a specific cleaning service. You can decide to focus on carpet cleaning or house cleaning and do your best at it. Build relationships with your current customers, as they will refer you to other customers.
Grocery Shop
People are looking for healthier alternatives in their diets. Have a grocery shop and provide vegetables, fruits, and canned goods. You can also offer delivery services to your customers. Have an in-person shopping option and an online option. This way, you will be able to cater to the needs of everybody.
As an entrepreneur, you need to know the advertising and marketing options to use to make your brand known. You can advertise your business through
- Through word of mouth. This includes telling your friends, family, and people you meet about the business you have started.
- Using social media sites like Instagram, WhatsApp, and Facebook. You can create groups on the available social media sites and advertise your business there.
- Using business cards. An entrepreneur can print out business cards and give them to people she meets.
- Have a website. A business website is important for your business. On your website, advertise the services and products your business is offering. The pictures you post there should be clear and the descriptions should be as detailed as possible.
As an entrepreneur, you need to put your creative side into action while opening up a business. It will enable you to start a business that you like and will be interested in running. Conduct market research and know what is needed before starting your business. You should also register your business and ensure that you get all your licenses and certificates in order. Once you have everything in place, you can start your business.