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Business Opportunities You can Run from Home

Business Opportunities You can Run from Home

 

Home-based jobs are alluring in nature due to the comfort that is associated with them. Imagine sitting on your couch all day long, and still, you will get a paycheck at the end of the month. In addition to that luxury, there is no annoying co-worker to disturb you with gossip, no annoying manager to heckle at you while criticizing every decision you make, no mandatory meetings, and no one is around to delegate tasks to you. Such freedom can only be found by in the world self-employed individuals.

Before you get thrilled and electrified about starting a home based business, you require some essential tools to help you get started in your cause. Internet connection is one such vital tool that you need and is it not only a necessity but also a fundamental requirement. The best and most reliable UK internet providers such as Virgin Media, BT, SKY, TalkTalk, Plusnet, among others should be on your checklist for you to analyze and decide which has the best package that suits your needs. You also require stationery, working phone, working space, staff depending on the nature of the job, basic knowledge and skills based on the nature of the business. With everything in place here now is some great business opportunities you can run from home.

Massage therapist

This is one of the best home based jobs you can decide to start if you have the right skills and knowledge on how to massage somebody. As a massage therapist, you can earn an average wage of £8 per hour and can make £ 20,000 in a year. All you need to get started is a mobile phone, business cards, if you so wish a professional website would be great and you’re good to start.

Graphic Design.

Every professional business requires the services of a graphic designer to help them in branding their business image through logos, posters, advertisements and business site. This kind of job requires some skills and if your qualified graphic designer you can start a small business in your home with just your computer and internet connection from one of the UK internet providers. The starting salary for a junior graphic designer is £18,000 to £22,000, and with some experience, you stand to make £25,000 to £35,000 annually.

Bookkeeping.

As a professional accountant who hates his or her place of work or hasn’t secured a job yet, you can work from home and earn a decent income as a freelance bookkeeper. All you require is knowledge and skills in book keeping. A small business that cannot afford to hire a full-time bookkeeper would be more than happy to hire a part-time bookkeeper. What you will stand to earn as a self-employed bookkeeper per hour is £6 – £15 and £15000- £3000 annually.

Tax Preparation

If you have a solid foundation in tax matters, then there is a business opportunity for you which you can exploit and earn your livelihood with. You can specialize in catering for individual taxpayers or small business, and there is always someone who needs his or her taxes to be filed. The average salary for tax preparer professional is £25,000 – £30,000 per year.

Doula.

If you have experience in handling mothers who are in labor and you can guide them, provide emotional support and information during that period, then a business opportunity exists for you. You can be a labor couch, and all you require is a certificate in order to be certified, have some training and you can make £12-£15 per hour or £30,000 per year

Hairstylist

If you have experience in cutting hair, styling, dye and giving manicures and pedicures, opening a small salon in your house would be a wise business to start. All you need is follow the law, get necessary documents and advertise your services starting with your neighbors. Hairdresser earns £5 – £8 per hour and £14,000 and £20,000 a year

Interior Designer.

Are you an interior designer with good project management skills, has knowledge of CAD, model making, well versed with building and safety regulations, and has excellent organizational skills then your eligible to run your own interior design business and you can work from home. You can be able to make an hour £ 10-£ 20 and between £20,000 and £40,000 per year depending on the number of clients you have.

Copywriting.

Most foreign companies need part-time employees located in all areas in the United Kingdom to enable them to provide services in all areas where they have not opened offices. A good example is a copywriting job which only requires excellent skills in advertising, communication, and marketing. From the comfort of your house, you can offer your services and start a business as a work at home freelancer. You can make between £20,000 and £40,000 a year right from the comfort of your home.

Virtual Assistant.

You can dedicate your time and some space in your home to run some small tasks for companies and individuals who have no time to attend to such tasks. These micro jobs range from answering emails, data entry, shopping, managing websites and other small jobs. At an average, a virtual assistant makes £9.00 and £20.00 per hour and £20,000 – £40,000 per year depending on the clients.

Marketing Consultant.

You might have 10 years of experience in marketing; hence you are well versed with the industry dynamics. This kind of knowledge it’s a perfect gateway to becoming a consultant and earn yourself £25,000-£35,000 per year offering your services to individuals, startups, small businesses and even large enterprises from the comfort of your house. All you require is some internet from one of the UK internet providers available and your al set to work from home.

Web Design

Website development business require just good IT skills, personal computer, and internet connection. This job can reward you with £30-£50 per hour and more than £15,000 per year depending on your efforts

Blogging

Blogging is one of the best work from home job that anyone can indulge into. To be a blogger, you just require the passion to write about what you think and share with the world. The amount you earn as a blogger varies from hundreds to thousands of pounds every month. Just look for one of the UK internet providers within your region and a niche you are passionate about and you’re good to get started.

Building furniture/ wood worker

Are you talented with the gift making beautiful pieces of furniture? Do you have the necessary tools that woodwork requires? If your answer is yes, then start a small backyard workshop in your home and curve amazing pieces of furniture. People also need repairs, and they will be more than happy to offer you a job in their houses. Woodworker professionals make between £15,000- £20,000 per year.

Sewing.

Your idol sewing machine can turn to be your source of earning your livelihood if you can utilize your sewing skills. All you require is a working space just either outside your house or inside the house, and advertise your services in local classifieds sites. A skilled professional can be earning £5 -£7 per hour depending on the workload and the nature of the work. Making £12000-15000 per year it’s possible in this line of business.

See also: 10 Steps To Starting A UK Business

What You Need To Do TO Start A business

What You Need To Do TO Start A business

Any great business that is successful today started out as an idea, which was later transformed into an action. When you’re starting any business, you must make lots of plans which might be operational, financial, tactical, strategic or contingency. That’s where many people who have business startup dreams start feeling overwhelmed. Though it’s a common thing to freeze up at the deluge of stuff due to the processes that must be followed to get the business started, starting off might actually be easier than you expect. However before everything else you must ask yourself, why do you want to run your own business?

 

So why start a business

Many people have lots of good reasons why they want to become successful entrepreneurs. You get to be the supervisor, control everything, set your own hours, benefit a cause, feel satisfied, accomplish personal fulfillment, to name a few. But these reasons have a problem since their motive is self-serving and self-centered as well. As an entrepreneur who wishes to be successful, your motive should always be directed to giving the customer some value with the product or service you’re offering. Some of the best reasons that should drive you to start a business in addition to customer value are

  1. a) You have a solution to a problem that affects the society
  2. b) You’re passionate about whatever business you want to start
  3. c) An opportunity has surfaced and can change your life
  4. d) You have a mega experience on how to do business
  5. e) You are desperate hence you’re motivated

These easy steps will guide you in the process of starting your own business.

Market research

Market research is a critical step that cannot be ignored when you’re evaluating the best business to start. Conducting an effective market research will be an opportunity for any entrepreneur to gain invaluable information about economic shifts, competitors, the success of previous products or services, demographics, needs of your target market, the current market trend and the spending traits of the people today and before. With such kind of information, you can be able to assess the viability of your business idea and make informed decisions based on the data obtained.

Write a business plan

Who builds a house without a blueprint? An entrepreneur who has the vision to establish a small business must have a business plan right from day one. A well written and thought out business plan serves as a guide especially to startups in giving clear directions and contingencies in the case of provision for the unforeseen event but also its essential in securing funding from potential investors. The best business plan for small business should be simple with an overview of what your business needs and entails. However, if you’re seeking financial funding from potential investors, your business plan need to be totally comprehensive. Below it’s an overview of a simple business plan which might get started

  • Elucidate your vision. What do you want to be the outcome of your business?
  • Elucidate your mission. What’s the business aims and values?
  • Clarify your objectives. Explain your business goals, and what the business would like to achieve
  • Outline your strategies. What action will you take to attain the goals and objectives simply what’s your game plan?
  • Design an action plan. These are the actions that must be taken on daily basis to support the goals of the business

Think about branding your business

Some of the parameters that define a business success or failure are the business name, logo and business cards.

The first impression determines the foundation of a long lasting relationship. A powerful impression has a very positive impact on the branding success of your small business. A business name has various branding, the web, and marketing implications hence you need to give it a careful consideration when making that decision. Make sure your business name transmits the right message and not only can it wow the customers, but it’s also memorable

Logos not only are they the first thing prospective customers view but also they are a critical aspect of every business when it comes to marketing. They usually influence impression within the target market since they are the business graphical representation.

Get your website.

In today’s world regardless of the nature of your business, you need a website for your small business. If you don’t have one, then you might miss numerous opportunities brought about by owning a business site. Unfortunately, many small business owners have the perception that a website is an expensive luxury meant for large enterprises yet this is the most important fundamental tool in marketing they can’t live without. Some of the advantages of having a website are; they act as an anchor in all your marketing efforts, they are the digital business brochure, they establish the credibility of your business and help you connect with new customers.

See also: Best UK Banks For Small Businesses

Decide on a budget and how to raise finances

This is the area that your financial administration skills are required most. Budgets are essential in the success of every small business and they can transform a small business in terms of growth. Writing down your revenue and expenses down serves as a roadmap for building your small business, limit expenditures and as the blueprint for planning for future growth. Most entrepreneurs who have budgets are able to keep their eyes focused on their business goals.

When you’re starting a business the financial resources available might not be enough to fund all the expenses in order for the business to run smoothly. This should not be a limitation in the realization of your dreams. Fortunately, you can seek funds from potential grants, get a loan from a microfinance institution or banks, look for startup loan schemes from the government, crowdfund, or approach an angel investor.

Determine the legal structure of your business

As part of setting up a business, you need to decide what form of ownership best suits your needs. There various forms of common ownership of a business such as partnership, sole proprietorship, limited liability company (LLC), cooperative, nonprofit or corporations. For a small business idea, the best place to start is the sole proprietorship or a partnership since it involves less paperwork and it’s easy to set up and dissolve.

Internet connection is an essential need

Today to run every business you need to establish your online presence to tap into the huge number of potential customers online who might be searching for your product or services; hence good internet connection is paramount. You also require a customized business premium email accounts that are different from personal email accounts. The best internet providers you can get in the UK and offer the best services are Sky Broadband, Virgin Media, PlusNet, Bt, EE, Talk Talk, Zen Internet, IDENT, Eclipse, and others. Check Best UK Business Internet Providers

Regulations and practical issues that you might need to know

Depending on the nature of your business if it falls under the protection of intellectual property law you should register it so that no one can claim ownership of your own invention or idea.

You also need to be familiar with the country tax law in order not to break it and not to be exploited as well. Your business regardless of how small you view it’s still eligible for insurance. Ensuring your business can come in handy some day since no one knows when a disaster might strike. Lastly remember to comply with all the laws that govern the land such as health and safety, business permits, minimum wage and others.

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