7 Ideas for Starting Your Own Company

booming businesses ideas starting own company new startup models

Are you contemplating starting your own business? Do you want to be your own boss? The amount of small businesses starting each year is around 400,000. Unfortunately most of them fail to launch successfully and the majority close up shop after just a few years. It’s not easy for everyone to be an entrepreneur, small business owner, or startup founder.

In this Everything Entrepreneur article, you’ll get to explore some of the best businesses to start today. Starting your own business is no easy feat and the type of company you choose to launch shouldn’t be taken lightly. Read on to explore top booming businesses that you’ll want to start for a financially secure future. 

1. Start a Photo Booth Business

Want to launch a fun and affordable photography business for events? Then why not start a photo booth business? Whether it’s a wedding or other party, people love to have photo booths to bring fun to their parties. 

Instead of having to worry about posing, guests can go in, choose from props, and pose how they’d like. Some photos can be printed once they’re taken, but most are digital, they print right there. 

You can find them at beaches, movie theaters, and concerts. There is plenty of room for growth and opportunity with this underrated business model.

2. Freelance Copywriter

Do you love to write and edit content? If so, you can become a freelance copywriter. Learn SEO (search engine optimization) to make yourself marketable and have a wide variety of clients find your website online. 

It’s a great business to have that you can do from pretty much anywhere as long as you have an internet connection. Write, edit, and publish on a laptop poolside, at the beach, traveling in an RV, or just snuggled up on the couch!

3. Translation

When you’re looking to create your own business project and can speak more than 1 language, consider translation services. It’s an industry that can translate into major profits quickly!

The translation industry is booming and you can even go into a specific niche offering select services such as document translation. 

4. Social Media Management

One of the fastest-growing small businesses is social media management. Social media is huge, and you can find most people online, including businesses.

Businesses are so busy that the last thing they want to do is run their social media presence.

That’s where you come in. You can help them out on platforms such as Pinterest, Instagram, TikTok, YouTube, Twitter, or Facebook. The goal of SMM is to build their following and increase their customer base, all the while building your bank account!

So buy a discounted domain name, build a cheap website, and promote your social media management services now.

5. Tax Consultant

If you’re an accountant or CPA, you can work for yourself instead of others. You know your numbers and how to make / save money, so you should be your own boss! You can have a service that helps others with business taxes. 

Many businesses are willing to hire someone else to take the confusion out of taxes and have someone else do it for them. Some businesses will need a tax advisor year-round, so you won’t just be needed during tax season. 

6. Professional Organizing

Have dreams of being the next Marie Kondo? If you’re not sure who she is, she’s a professional organizer. If you have a knack for organization and helping others make use of their space, this could be your dream job. 

Since many don’t want to take the time to clean up their home since it takes a while, they’ll hire others such as a professional organizer, to come in and clean the space. 

7. Pet Sitting

Pet sitting is a great business to begin with little to no startup costs. You’ll want to prove you have pet experience whether pet sitting in the past or working at an animal hospital. 

You can offer your services at their home or have them drop their pet off at your home. Pet sitting businesses done right and in a good neighborhood can be a booming business for sure.

Booming Businesses and Types of Startups

When you’re exploring booming businesses and the best businesses to start a career, keep this list in mind. If you want to make more than just a quick buck, these booming businesses are the right startups and side hustles for you.

Would you like to learn more about starting your dream business? Check out our other articles today on building booming businesses on a budget and from your home or laptop. Visit the Business section of the Everything Entrepreneur Blog right now!