Are there small business ideas?

Do you have any small business ideas for me please?

• Hello! I'm a 22-year-old girl. I have a degree in business administration. I want to start a small business. I don't have any experience in managing a business. I love cooking and home care. I read a lot and have a good amount of knoweldge on many subjects. I have a good computer skill. I wish to start a business that doesn't need a lot of money for starters. Also, I would prefer if I didn't have to hire someone for a start. My friend might join me in the business. She has a degree in Genetics. I have good relations with a few well-to-do ladies from all over the world through a social club. Also, my cousin has a lot of relations and he said he'd help me if I needed him. My other cousin, who has been a restaurant manager for 10 years, said she'd help me with her management expertise to set up my business. I would appreciate if you could give me any ideas. Thank you very much.

• Answer:

  The best business will depend on what you want, how you define to be interesting. A person may consider a pet sitting business to be the most exciting work in the world, while another person would rather watch TV than take care of dogs. The key is to determine what your interests are, what you want to do, what is suitable for your lifestyle and your overall goals, and what can fit with your resources. Dan Ramsey in his book "101 Best Home Businesses" has a chapter on how to find YOUR best home business. He suggests these 10 steps: 1. List 5 things you do best 2. List how others would benefit from what you do best 3. Find out how to give people what they want 4. Learn the value of your services to others 5. Find out who else offers similar services 6. Learn from the successes of others 7. Learn from the failures of others 8. Plan your own success 9. Make low cost mistakes 10. Enjoy what you do and how you do it He then made suggestions on the best home businesses according to type. Here are a few of them: Best Businesses Using Craft or Physical Skills - antique restoration - auto detail service - carpet cleaning business - errand/delivery service - housecleaning business Best Service Businesses - bed and breakfast operator - caregiver - catering service - senior day care center - tutoring service Best Professional Businesses - desktop publisher - magazine writer - import/export service - income tax preparation service - event planner Some other home business ideas: Top 10 Home Businesses with Rapid Break-Even Time http://www.powerhomebiz.com/vol33/breakeven.htm 10 Profitable “Go-Out" Home Businesses http://www.powerhomebiz.com/vol31/goout.htm Low Cost Startup Businesses http://www.entrepreneur.com/lowcostbusinesses/0,6617,,00.html You can also check out the following books: Turn Your Talents into Profits: 100+ Terrific Ideas for Starting Your Own Home-Based Microbusiness The Best Home Businesses for the 21st Century 121 Internet Businesses You Can Start from Home The Best Internet Businesses You Can Start 101 Ways to Make Money at Home http://www.powerhomebiz.com/BizIdeas/bizideas.htm