Showing posts with label entrepreneur. Show all posts
Showing posts with label entrepreneur. Show all posts

Wednesday, November 9, 2011

40 HOME-BASED BUSINESS IDEAS

Try dodging few of these home-based business ideas. Do it at your own pace and space with no time constraint or even peer pressure.

An excerpt (re-write) from ENTREPRENEUR Magazine (Summit Media), June 2011 issue.

(Prices and figures that corresponds may not be real-time, may change without prior notice and may vary case to case basis)


  1. FREELANCE PHOTOGRAPHER

As photographer, your equipment will eat up most of your capital; camera, lenses, tripod, memory cards, light boxes, light stands, and reflectors.

Startup costs: PHP200, 000-PHP500, 000

 

  1. FREELANCE WEB DEVELOPER

Invest in a computer with the necessary hardware and software. Create and maintain company websites for small companies to big corporations, as well as organizations and individuals.

Startup costs: PHP50, 000-PHP100, 000




  1. TRAVEL AGENT

Go beyond the usual booking and arranging of flights and offer customized vacation packages to your clients, anywhere and at any time of the day. Invest heavily on your marketing efforts.

Startup costs: PHP50, 000-PHP100, 000

 
  1. CATERING

Find a niche by providing specialized services like and all-healthy menu, or a finep-dining ambiance. Aside from your employees and delivery system, plan your logistics well.

Startup costs: PHP100, 000-PHP200, 000




  1. TUTOR

Offer to tutor students in their homes, schools, or other childcare organizations. Prepare your lesson plans well and spend on marketing.

Startup cost: PHP10, 000-PHP50, 000

 

  1. EVENT PLANNER

Organize everything from weddings, debuts, to birthdays or build a niche in one. Networking is essential in getting new clients. Be creative, detail-oriented, and well-organized.

Startup costs: PHP50, 000-PHP100, 000




  1. T-SHIRT PRINTING/SILK SCREENING

Go traditional with silk-screening or go for more unique and instant designs with iron-on decals. Join bazaars or create your own online boutique.

Startup costs: PHP10, 000-PHP20, 000

 

  1. PERSONAL TRAINER

Provide one-on-one or group fitness sessions in the comfort of your clients’ home or in the gym where they have a membership.

Startup costs: PHP5, 000-PHP20, 000

 

  1. DIRECT-SELLING

Look for a legitimate direct-selling company that genuinely interest you as you will be the one going out to pitch their products to other people.

Startup costs: PHP10, 000-PHP20, 000

 

  1. MOBILE PET GROOMING

Welcome your client’s furry little friends to your home or go to theirs. Make sure you have top-of-the-line equipment and animal-friendly cleaning solvents.

Startup costs: PHP10, 000-P20, 000

 

  1. MEDICAL/LEGAL TRANSCRIPTION

Work for a variety of companies by transcribing medical and legal notes. All you’ll need is a compute, a phone or fax machine, and an Internet connection. Connect with hospitals and law firms.

Startup cost: PHP50, 000-PHP100, 000




  1. FREELANCE ACCOUNTANT

Provide bookkeeping services to households and business. Invest in new accounting software to help you service many clients at the same time.

Startup costs: PHP10, 000-PHP20, 000




  1. FREELANCE INTERIOR DESIGNER

Coordinate with architects, contractors, painters, and suppliers. Invest in your sample books, and a computer with updated interior-design software programs.

Startup costs: PHP50, 000-PHP100, 000

 

  1. PERSONAL CHEF

Cater to individuals or groups who want a unique design experience in the privacy of their home. Plan your menu, manpower, and logistics well.

Startup costs: PHP100, 000-PHP200, 000

 

  1. JEWELRY CREATION

Aside from your creative skills, invest in your materials and tools. Go beyond the usual beaded accessories and provide intricate necklace, earrings, and bracelets made of metal and semi-precious stone.

Startup costs: PHP10, 000-PHP50, 000

 

  1. CLEANING SERVICE

Clean residences or office spaces, or find a niche in carpet or upholstery cleaning. Invest in your cleaning equipment like vacuum cleaners, mops, and cleaning solvents.

Startup costs: PHP10, 000-PHP100, 000

 

  1. CANDLE MAKING

Sell them in bazaars or online shops, or consign them to department stores and home-line boutiques. Provide more than the usual scents, shapes, and colors.

Startup costs: PHP10, 000-PHP20, 000




  1. FREELANCE MAKE-UP ARTIST

Take makeup lesson in one of many aesthetic centers in the country. Most of your capital will go to your makeup and equipment. Cover weddings, fashion shoots, or commercials.

Startup costs: PHP50, 000-PHP100, 000

 

  1. MOBILE SPA

Create your own massage oils, body scrubs, and body lotions. Take up a massage class or train your employees through training centers. Make sure you have good logistics and transportation.

Startup costs: PHP300, 000-PHP500, 000 (excluding acquisition of vehicle)

 

  1. FREELANCE HAIRSTYLIST

Enroll in hairstyling classes and invest in quality industrial equipment: hair dryers, curling and flat irons, and brushes,

Startup costs: PHP50, 000-PHP100, 000

 

  1. HERB GARDENING

Supply various herbs and greens to local restaurant, hotels, homes, and even supermarkets. Make sure though to observe the required farming practices if you are going to claim that your products are organic.

Startup costs: PHP50, 000-PHP100, 000

 

  1. GARDENING AND LANDSCAPING

A bulk of your capital will go to industrial-grade equipment like lawnmowers, garden sheers, rakes and shovels, service residential areas, office facades, or a community gardens.

Startup costs: PHP300, 000-PHP500, 000

 

  1. ERRAND SERVICE

Manpower will be your most important asset here, and timing will be your selling point. Invest in training, logistics, and transportation.

Startup costs: PHP500, 000-PHP700, 000

 

  1. ONLINE BOUTIQUE

Design and manufacture your own clothing line and set up shop online. You can choose to start on a free-hosting website or create your own domain name.

Startup costs: PHP100, 000-50, 000

 

  1. BAZAAR ORGANIZER

Much of your effort will be dedicated to finding tenants, coordinating with them, and organizing the areas. Invest in marketing efforts to draw them in.

Startup cost: PHP20, 000-PHP50, 000

 

  1. ONLINE BAKERY/DESSERT SHOP

Using the baking and cooking equipment you already have at home gives you the chance to place your money elsewhere: Marketing and Ingredients.

Startup cost: PHP50, 000 – PHP100, 000

 

  1. FREELANCE WRITER

Write to the editors of different publications (print and/or online) expressing your intention to write for them. Provide some sample stories as well.

Startup cost: PHP5, 000 – PHP10, 000 (most for business registration and printing of receipts)

 

  1. FLOWER ARRANGER

Create arrangements not just for events or parties but also for residences, offices, and hotels. Look for flower suppliers and build your own arrangement space at home.

Startup cost: PHP20, 000 – PHP50, 000

 

  1. PROFESSIONAL EMCEE

People with good communication and public speaking skills can learn to host events such as parties, weddings, company events, and seminars. Networking to look for clients is key.

Startup cost: PHP20, 000 – PHP30, 000
 
 

  1. HOME-BASED TAILORING / GARMENT ALTERATIONS

Be the place of choice for custom-made clothes and alterations. Industrial sewing machines and a wide selection of fabrics will be essential.

Startup cost: PHP50, 000 – PHP100, 000




  1. ONLINE BUY and SELL

Sell anything from clothes and accessories, perfume and toys, to establish a credible and efficient electronic paying system.

Startup cost: PHP50, 000 – PHP100, 000

 

  1. VIDEO EDITING

Shoot and edit videos for company reports and presentations, school projects, or weddings and debuts. Your video camera, computer, editing software will eat up most of your capital. Consider renting studio equipment when starting, to cut your initial expenses.

Startup cost: PHP100, 000 – PHP200, 000 




  1. PEST CONTROL

Provide pest control services to residences and office buildings. Find a niche by using organic and non-toxic chemicals

Startup cost: PHP150, 000 – PHP100, 000

 

  1. HANDBAG DESIGN AND REPAIR

Design and manufacture your own handbags, purses, or clutches using differenst materials. Focus on craftsmanship and quality of materials. Accept repairs as well.

Startup cost: PHP50, 000 – 100, 000

 

  1. COPYWRITER

Write press release, product descriptions, or event reports for PR companies and big corporations.

Startup cost: PHP20, 000 – PHP100, 000


 


  1. MOBILE BAR

A bulk of your capital will go to your alcohol inventory and logistics requirements. Incorporate fun drinking games and contests to make it more appealing.
Startup cost: PHP50, 000 – PHP100, 000

 

  1. DELIVERY-ONLY FOOD SERVICES

Your main hurdle will be logistics. Prepare and package meals at home and deliver them to a specific area. Create a menu that has a theme, is quick to cook, and travels well.

Startup cost: PHP200, 000 – 300, 000


 

  1. ORGANIC FARMING

Take advantage of the growing organic food trend and grow organic fruits and vegetables. Create your own compost and sell that you gardening shops as well.

PHP50, 000 – PHP100, 000

 

  1. COURIER SERVICE

Deliver documents, letters, or small items to offices and residential areas. Go green by using bicycles.

Startup cost: PHP100, 000 – PHP200, 000

 

  1. COMMUNITY TOUR GUIDE

Coordinate with your city’s tourism arm to become an accredited tour guide. Provide walking tours, food tours, or entertainment tours to locals and foreigners.

Startup cost: PHP20, 000 0 PHP50, 000


For subscription on Entrepreneur Magazine please visit SUMMIT MEDIA PUBLISHING.


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Tuesday, October 26, 2010

BASICS OF FINANCIAL FREEDOM



I've been to several Financial Planning and Financial Literacy seminars in my hot pursuit to financial freedom – up until now, but this guy has something to say at the corner – Mr. Henry Ong of Business Sense, Inc.

How and what is it really to be wealthy?

A quick mental reflex will tell you that wealth is all about lots of money, dude! Like Manny Pacquiao, isn’t it? Like lots of Volks, Astons, hot big wheel hummers? House and lots spawning everywhere in the archipelago? Maids at your beck and call? Fine clothe lines? Latest gadgetries? Jewelries? Lots of savings in the bank?

Yeah, why not?!

They might be an obvious objective evidence of your hard work or frugality. But that is just half-slice of the pie. Because according to Mr. Henry Ong, a Registered Financial Planner, as he may suggest cutting cost and expenses out of your income might cause you to miss a lot out of your life – he said a “quality life.” Perhaps, quality foods, amenities, time and even health to yourself. This is where the philosophy of Aristotle strikes the bell, “the mean of virtue.” Anything that goes in excess or in extreme end is a vice or not in line of manly virtue. Same is true with over frugality and stinginess. You are foregoing a lot of things quality to you and your loved ones because of your imminent fear of the coming rainy season.

You might be excused to think of the coming rain, but Mr. Henry Ong seems to suggest that being wealthy is not actually motivated by fear. I toss to this idea that a financially wealthy individual is also a psychologically, spiritually, physically and emotionally healthy individual. I logically believe that being healthy on the other aspect of one’s personality speaks a lot about how financially free a person is and will be.

Being financially affluent and spiritually broke is not wealth either. Being financially rich and physically sick is not wealth either. Being financially flushed but relationally broke is not wealth either. Being financially loaded but having delinquent children is not wealth either. Being financially heavy but having your social security at stake is not wealth either.

We are so familiar with so many individuals who are so obsessed with their work, trying somehow to please and impress their officemates or a big boss, pressing their nose against their work at a solid 8-hour and consecutive 8 hours overtime. Ok, they earn no doubt including the murky grin of their boss – only to end up pressing their butt against hospital beds, signing bills and scrapping all earnings for the medical dues incurred.

If you have to realize you seem to work for nothing but for a doctors fee or for anything else. We have to remember that before anything else goes to the sink sewer, what profits above all is yourself – before anything and anybody else.

Mr. Ong believed that it’s ok to have fancy cars, houses, dines or any expensive properties as long as you have the means to maintain them. They are not wealth at all if at the back of the same coin are accumulation of liabilities caused by them.

Being wealthy for him is not (just) all about those things, as obvious, I have my lots of elaborations above. Together with him I believe that being (real, and really) wealthy is all about being:

• Financially Independent – that is, you are free from worries or work pressures. In other words you are not obliges to work eight hours a day and yet able to earn and pay bills and other obligatory miscellaneous life expenses.

• Able to manage money well – a (financially) wealthy individual is able to manage his incomes to wherever it is to go.

• Able to multiply incomes – it is basic in every financial education I’ve learned that a financially wealthy person is the one who is able to multiply his income – sorry but not much on saver buffs!

• Able to secure his profit from any loss – one of the best way to test a person’s financial acumen is not just to multiply his income but to secure them too. Because no matter how genius you are in multiplying your income you have to learn to guard it from loss. Say a Nicolas Cage effect, he is one of a highly paid actors in Hollywood and yet cripples down his finances.

• Able to give more – I believe that a financially free individual is the one who is able to give more. It is a basic principle that you cannot give what you do not have and so a financial freeman is able to manifest it through giving as an outlet of his being financially overflowing.

• Able to do what his heart’s desire – a pampered vacation to Boracay, El Nido or a fancied 80 days around the world, you name it but it’s one of the manifestations of a financially free individual. Again, being able to do what you want without the pressure of a burning obligation of work life (except perhaps if you enjoy what you are doing, well they say it ceases to be work). It includes the renaissance of your abandoned hobbies. Being able to work generously but enjoys the pamper of your bed at whatever time you like to wake up.

Well, that’s a lot of talking and there are lots more to mention.

You’d ask how am I gonna do that? Mr. Henry Ong suggests you really have to plan your way to it. It means like looking for a knowledgeable person to help you - such as Registered Financial Planners.

Secondly, is to develop, imbibe or imitate wealthy minded individuals (who are actually wealthy by now).

Third, is one of the crowned values of a wealthy person, no other than discipline. Mr. Ong suggest you save and invest without sacrificing the quality of your life.

And lastly, find ways to increase your income streams. We are not advising to increasing your job, as what I have been thinking those days but ultimately to say – that you’ve got to be an entrepreneur to do that!

That's a sure bet to wealth.

Common sentiments tells us that nobody made it by just working on a desk or having jobs till time is through with them. Except, if you exceptionally belong to “the lucky sperm club” as what Warren Buffett said. Or else you are a company's bigwig or a prime holder, that’s it!

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