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5 Businesses You Can Start This Year

In the words of the BBC cult TV show - Why Don't You Just Switch Off Your Television Set And Go Out And Do Something Less Boring Instead!

In the words of the BBC cult classic kids TV show - Why Don't You Just Switch Off Your Television Set And Go Out And Do Something Less Boring Instead!

According to a 2015 survey:

  • More than 1 in 4 brits hate their job

  • 7 out of 10 countdown the end of the workday

  • Almost half of employees said they were thinking of setting up their own business

Reasons people want to start their own business:

  • Job satisfaction

  • Financial independence

  • Work/Life balance

  • Flexibility

So, what’s stopping them:

  • Lack of funding

  • Confidence

  • Know how

If you’re in the 1 in 4, why not find inspiration to do something less boring in 2016…

1 Virtual Freelance Services

Some office workers are like enslaved MilkTray men - they could work anytime, anyplace, anywhere but are chained to their desks.  Work is something you do and not necessarily where you go.  If you are skilled in General Administration, Project Management, HR, Finance, Sales and Marketing or Legal then the chances are you could offer most of your services remotely by using simple technology to collaborate, share calendars and documents.  This is the most low-risk way of becoming your own boss so check out this article on going solo doing what you’re already an expert in - great tips on networking and sorting out your Linkedin profile for starters.  http://blog.careerfoundry.com/successful-freelancer/

 

2 Turn your hobby into a business

If there is something you do on the side to counteract the boredom of your day-job, could this be turned into a business? Event planning, cooking, personal concierge, interior design, ebay selling, photography.  With little outlay, these can be quick and easy to set up.  However, you’ll need to really do the sums before you jack in work altogether, to be sure you can make enough money to live off. https://www.themuse.com/advice/5-strategies-for-turning-your-hobby-into-a-fulltime-job

3 Start a sharing or ‘upcycling’ business

Perfect for those who believe we have way too much stuff already on planet earth - cars, houses, gadgets, shoes - and just need to figure out how to move the stuff to the right people for the right price. When you hear about sharing businesses it seems to be a no-brainer.  However, making it happen in real life can be harder than it sounds.  Read this article for the lowdown on which sharing business models have and haven’t worked and then go for it! http://www.fastcompany.com/3050775/the-sharing-economy-is-dead-and-we-killed-it

4 Create a charity, social enterprise, community organisation or cooperative

You don’t need to be as wealthy as Bill Gates or Oprah to do some good in the world.  Why not join the growing number of social entrepreneurs tired of waiting around for someone else to sort out society’s problems and get stuck in. Research from the National Enterprise Network indicates that more than one in four people starting their own business is motivated by a social purpose or cause and that social enterprises are leading the way in economic recovery with more profits and growth than other companies.  Social enterprises we love:

  • The Freedom Bakery - they provide employment to prisoners and ex-offenders

  • The Soap Company employs blind and disabled to manufacture luxury skincare

  • The Empowerment Plan employs homeless people to manufacture coat/blankets for those sleeping rough

Download this free guide to starting your own social enterprise http://www.socialenterprise.org.uk/uploads/files/2012/07/start_your_social_enterprise.pdf

 

5 And now for something completely different…

Can your everyday frustrations or the love for your hobbies be channelled into passion for something completely new, or a completely new way of delivering a traditional but tired product? Whether high-tech or low-tech, these ventures can be the most risky as well as the most rewarding.  Before you jump in with both feet I would highly recommend reading (or audio-downloading) these three books:

  • The Idea in You, How to Find it, Build it and Change your Life - a great confidence builder to give you the boost you need to take the plunge

  • The Lean StartUp - not just for Tech startups, this book turns the conventional approaches to starting a business on its head and is a must for anyone developing a new product or service.  Read this before you spend a single penny on your brainchild.

  • Job Escape Plan: The 7 Steps to Build a Home Business, Quit your Job & Enjoy the Freedom