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Top 7 Business Opportunities For Entrepreneurs

By Author: Davis Walker

Total Articles:

A mundane routine of an employee squeezes out all his excitement and enthusiasm from his life. If he wants to take the reins of his future in his own hands, he must start a business that will no longer tag him as an employee working under a boss. This article is particularly written for people who want to become a business owner and have the most profitable business.

Here are some new business ideas for entrepreneurs:

1) Recycling pickup

You can start a pick-up service for standard recyclables like paper, glass and plastic, and also the e-waste like electronics such as broken laptops, old television sets, defunct cellphones and batteries that's been collecting in their garages which can be extremely harmful to the environment. You can charge per item or by weight or a flat fee plus travel to and from the location.

2) Software trainer

They say "If you’re good at something, never do it for free!" If you're proficient in some highly specialized software, you can pass your knowledge on to amateurs and professionals looking to expand their skill sets and also get paid for it. Technical manuals available for such programs are often expensive and difficult for an average user to get through. You can schedule small group workshops and charge by the hour for a full tutorial. This gig can be done part time!

3) Healthcare Consulting

The healthcare industry is rapidly expanding. You can offer management or data analysis for organizations like hospitals, path labs and therapists to improve efficiency and save money. If you have marketing or economics degree, this is a great opportunity to put that to use.

4) Food Truck

An investment in a mini-van or truck is a much less investing in a brick-and-mortar restaurant and the failure rate for food trucks is just 10-20% and that of a restaurant is 60-90%. With the right equipment and some unique recipes, you can have your mobile eatery up and running in no time.

5) Freelancing

These days most of the companies are increasingly turning to contract workers or freelancers to fill the skill gaps in their staff. It is not difficult to imagine that you can build a whole company around providing freelancing services of different sorts. The most in-demand freelance or outsourced services are: creative writing, data entry, Excel projects, data processing etc. Hourly rates start at 3$0 and stretch into the hundreds.

6) Mobile consulting

Finding ways to go mobile is challenging for many business owners. Your prospective customers are on the web/tech savvy and are smart phone users. If your company can provide affordable mobile solutions to organizations that need them you'll find mobile consulting a very rich and fruitful business opportunity.

7) Translator

The cross-cultural communication due to globalization is creating a growing need for translators. This predicts a huge demand for translators and interpreters resulting from the broadening of international ties. This renders a great business opportunity for entrepreneurs who can bring in foreign-language speakers together with businesses in mind.

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