101 Best Small Business Ideas You Can Start In 2024

Ashwin Honawar

Updated on:

small business ideas

American entrepreneur, author, and motivational speaker Robert Kiyosaki says: “The only difference between a rich person and a poor person is how they use their time.”

In our era of modern technology and boundless opportunities, living poor has become an option. Everyone can make extra money to fulfill their goals, provided they know what they can do in a legit manner.

Parents looking for extra cash to run households or provide higher education to kids, teenagers hoping to buy trendy stuff, and senior citizens living off pensions and savings can all make extra money through a small business.

Who knows, one day, you too may strike it very rich.

small business ideas

Table of Contents

101 Small Business Ideas For Beginners From Home

Here, we present a list of 101 small business ideas. Probably, you will find the perfect idea you are searching for.

Online Small Businesses

Online Small Businesses

Here is a list of great business ideas you can do online

1- Cybersecurity Services

Cyber security is a growing concern nowadays, with companies small and large. While large firms have elaborate cyber security departments that monitor the Internet and the company’s computer systems to prevent hacking, phishing, spyware, and ransomware attack small organizations cannot afford such infrastructure. IT experts can launch a small business online from home.

2- Content Writing/ Blogging

Fast Moving Consumer Goods (FMCG) manufacturers, banks, newspapers, and many other small businesses nowadays rely on content writers to submit product reviews. These independent reviews feature on company websites. Other businesses run independent blogs to promote products and services. You can open a content writing and blogging business with excellent writing skills.

Also read: How To Write A Blog Post

3- Software Development

Americans spent US$ 360.3 billion on online shopping in 2024. This figure is expected to grow to US$ 630.4 billion by 2023. Consequently, e-retailers will require faster and more user-friendly mobile apps to attract customers. Additionally, the demand for various types of software for accounting, tax calculation, and other purposes is already high. For IT experts skilled in software development, this is one of the great small business ideas online.

4- Data Analysis

Almost every company wants to know details such as spending patterns, demographics of people who access their website, shopping, and Internet usage trends, transaction patterns, and lots of other stuff. Experts skilled in data analysis can offer the service to companies by opening a small business online.

5- Online Editing

Editing raw videos, giving subtitles, and adding audio tracks are tasks you can perform online from home or in a small office. Advertising companies, manufacturers, TV channels, and others look for businesses from where they can outsource the service. Try the online editing business if you possess the required skills, software, and hardware.

Find 16 more online business ideas here.

Sales & Marketing is the Best Small Business to Start

Sales & Marketing is the Best Small Business to Start

6- Network Marketing Business

Network Marketing or Multi-Level Marketing (MLM) is the best small business for people with an aptitude for sales. Collaborate with major American MLM companies like Cutco, Amway, Avon Cosmetics, and others to open your business.

7- Insurance Agency

Buying life, health, vehicle, and home insurance can be tricky. Hence, prospective clients look for agents who can explain various policy aspects. Insurance companies also depend upon agents to augment their sales and increase market share. With some knowledge of finance and insurance, this is a relatively lucrative small business.

8- Real Estate Agency

Dealing in real estate can prove very profitable in the US. People move homes to match their financial status or while relocating for jobs. You can tie up with a large real estate company, work as their sub-agent, or launch your own business.

9- Stationery Supplies

Stationery is required by everyone- from students to companies small and large. Take orders from schools and offices for supplying paper such as letterheads, envelopes, receipts,s and invoice books.

10- Graphic Design

Design advertisements, stationery, logos, invitation cards, and lots of other stuff using a computer. This is an evergreen business in the US. However, you need high-level creativity for this small business.

Food & Beverages Business

Food & Beverages Business

11- Hotdog and Burger Stall

For entrepreneurs with a small budget, a neighborhood hotdog and burger stall will fetch you extra income & it's a good business idea. Make your hotdogs and burgers with a unique taste that tantalizes palates for more popularity.

12- Food Truck business idea

Setting up a food truck is pretty simple in the US. You can buy a used vehicle and get it customized for the food truck. However, kitchen equipment can cost lots more. Despite this, a food truck assures you a year-round income.

13- Jams and Sauces

Mass-produced brands of jams are loaded with sugar, while sauces have an overdose of preservatives, albeit approved ones. Instead, make jams and sauces with traditional recipes with no artificial additives. You will find a vast market among the health-conscious.

14- Herbal Drinks

Like other parts of the world, the USA also has native herbal medicines made of indigenous plants, roots, berries, and flowers. Get hold of these traditional recipes and create herbal drinks that can be sold at jogging tracks and sports grounds.

15- Bakes and Cakes

Cookies, pastries, bread created with various flours and cakes- who does not want these? Use your home oven and culinary skills to churn out these products, which sell like the proverbial- hotcakes.

Writing is One of the Best Home Business Ideas.

Writing is One of the Best Home Business Ideas

Here are some of the best business ideas from home. You can find more than 50 home-based businesses here.

16- Writing Resumes

Thousand of well-educated jobseekers fail when writing their own Curriculum Vitae, Resume, or Bio-Data. Though the USA is a native-English-speaking country, few have the skills to write these documents vital for job searches. With the necessary skills, you can open this small business.

17- Stories

Based on facts or fiction, original stories are quickly taken by publishers for books and magazines. Alternatively, you can get your stories published online by Amazon and other similar websites to earn a decent income.

18- Ghostwriting

People with limited writing and language skills often hire others to author a document, essay, or story. However, the work is published under their name, though you are the author. This practice, called ghostwriting, is pretty rampant in the US. However, you will need to sign a waiver of your Intellectual Property Right as a ghostwriter. That means you have no claim to the article.

19- Business Plans

Every small business idea, whether a start-up or a new business, requires a great business plan, especially if they seek money from venture capital, crowd-sourcing, or other lenders. It is relatively easy to enter this lucrative business if you have some knowledge about financial markets.

20- Copywriting

Not every company can afford advertising firms to create great ads, catchphrases, and other promotional material. If you have that creative streak of mind to write attractive taglines and promotional material, this small business idea of copywriting is great for you.

Creative small business ideas

Creative small business ideas

21- Wedding Dresses

Making wedding gowns and dresses for that special occasion is highly profitable. It is one of the tremendous home based small business ideas that you can start with investments below US$10,000. You need to keep abreast with the latest trends in wedding wear worldwide to create newer and unique styles.

22- Thrift Store

Many people sell new or rarely used garments for several reasons. Either the size is wrong, or they do not like the design and style. You can open a thrift store by buying clothes and selling them for a small profit.

23- Garment Repair

A slight tear or rip on your favorite shirt, trouser, or dress can occur quite quickly. Rather than dispose of an expensive garment from your wardrobe, it makes good sense to get it darned or repaired in a manner the damage is concealed. You can open a shop that repairs such damaged garments.

24- Tailoring

This is a year-round business. People need tailors for almost everything- from stitching dresses to making customized curtains or linen. This is a home-based small business idea that you can open anywhere in the US. All you need is a high-quality sewing machine and other minor paraphernalia.

25- Fashion Design

Renowned fashion designer Coco Chanel struck it rich with just one creation. Those interested in fashion can easily open a design studio. You need to keep abreast with fashion trends in the US and Europe and other main markets of the world. Creativity plays an important role here.

Body & Beauty is Another Best Small Business to Start

Body & Beauty is Another Best Small Business to Start

26- Tattoos & Body Piercing

You can offer tattoos and body piercing services from home or a small studio with some training. Once considered the mainstay of gangsters and drug addicts, tattoos and body piercing are now a booming fashion trend.

27- Traditional Cosmetics

Everyone talks of home cures and remedies for body, hair, and skincare. But few get about making these formulas at home. Make traditional cosmetics and beauty products at home with natural products and sell them through boutiques or online.

28- Hand-Made Soap

Allergies suffered by people to ingredients used in bathing soaps commercially produced are now helping the largely unorganized sector of hand-made soaps to flourish. The business is easy to set up and requires minimal investment.

29- Beauty Treatment/ Beauty Parlor

Nowadays, men, as well as women, seek beauty treatment. Acquire skills as a beautician and open your beauty treatment salon or beauty parlor from home. You can introduce your line of therapies and treatments, provided you have an astute knowledge of cosmetics and related products.

30- Hair Stylist

Hairstylists are always in business. Everyone wants to sport a celebrity hairstyle. You can fulfill this demand in the market by opening a hairstyling salon or parlor. Of course, you will have to acquire the skills and training required to make your small business succeed.

Health & Fitness

Health & Fitness

Below is the list of best startup business ideas in Health & Fitness

31- Yoga/ Aerobics Instructor

Everyone nowadays is a fitness freak. Yoga and aerobics are great ways to ensure fitness. Many individuals, couples, and families prefer to learn and perform Yoga and aerobics in the privacy of their homes. You can offer this service for a high income.

32- Sports Coach

If you are an expert at any sport, offer your services as a private coach for a single or group of students. Kids and teenagers aspiring to join school teams look for personal coaches for their favorite sports.

33- Garage Gym

Put all redundant exercise machines, weights, dumbbells, and other similar stuff to good use by opening a gym in your garage. Invite people in your neighborhood as members and charge a reasonable fee. Alternatively, buy the things in the used goods market and set up a small garage gym.

34- Hikes & Treks

Organize hikes and treks to forest and mountainous areas near your location. Organize groups of families, teenagers, and older children for weekend outings that combine adventure and fun. You will require proper knowledge of the areas where you intend to hold treks and hikes, as well as first aid and medical emergency skills.

35- Summer & Winter Camps

People of all ages love camping in groups. Organize summer and winter camps for people of all age groups. Conduct games and other activities that keep people engaged and entertained. You will have to enlist the services of a chef to feed hungry bellies.

Mother & Child Care

Mother & Child Care

Below is the list of best home business ideas for women.

36- Doula Service

This is a small business for women only. With some skills in nursing and midwifery, you can offer Doula services to expectant mothers. Often women are wary of delivery at a maternity hospital for fears of contracting infections. Doula service enables women to deliver babies in the comfort of their homes. A doula also provides care to the mother and child post-delivery.

37- Creche

Creche or a small babysitting service can be launched from your home or small rented premises. You will have to invest in playpens, toys, and other kid stuff to keep children under your care entertained. Creche is in high demand among working couples.

38- Baby Sitting

Babysitting services differ from a crèche in one vital element: Babysitting is provided at home by the customer. Families requiring the service will call you to their place to care for infants and toddlers while parents are away. You will get paid by the hour. Recruit a few teenagers or women adept at handling babies and toddlers for a more significant business. You can pay them per job.

39- Post-Natal Caregiver

Caring for women who have just delivered requires immense skills. This is a small business idea for women. Additionally, you also need skills for handling newborns.

40- Pram rentals

This business idea is gathering momentum in the US. Buy a few prams and rent them to families with newborns and infants. While visiting a distant place, prams are also rented by couples since carrying one along is often cumbersome.

Small Business Ideas for Senior Citizens

Small Business Ideas for Senior Citizens

41- Caregiver

Either you can give care to the elderly or hire a few trained hands to open a more significant business. This business is very lucrative in the US, and senior citizens usually hire caregivers from foreign countries since they cannot locals.

42- Handyman

Providing handyman services to senior citizens involves running errands such as buying stuff, waiting in queues, driving the elderly around, or completing forms and formalities. For a large business, enlist the services of teenagers who are willing to work for a few extra bucks.

43- Special Diet Cook

You can enter this business with some knowledge about nutrition and culinary skills. Either you can cook special diets at the residence of the elderly or prepare meals at your home for supply. Special meals for senior citizens include low sugar, low sodium, gluten-free meals, and a host of others consumed due to health issues.

New Business Ideas for Teenagers

Here is the list of businesses Teenagers can do

44- Application Filing

Teenagers can also open a small business of filling out application forms online and on paper for various services. However, the best suited is filling out school and college application forms, requests for grants and scholarships, and other similar stuff.

45- Educational Tutor

Students proficient in specific subjects can open a business as tutors. This is a very easy and zero-investment business for teenagers. All you need do is coach your juniors and peers on subjects in which you have exceptional proficiency.

46- Career Counselor

This is a small business idea for grown-ups, especially those holding professional qualifications. You can counsel teenagers about career options in your profession and places where they can get the best higher education.

47- General Counselor

Everyone needs the proverbial ‘agony aunt or agony uncle’ at all stages of life. A general counselor means you will hear problems faced by people and counsel them on the best way to overcome or circumvent the situation. Those skilled in human psychology will find this business profitable.

48- Bike Rentals

Buy a few used bicycles and rent them out to teenagers and adults. Biking is a healthy exercise, and many people prefer using bicycles instead of driving a car while going nearby. However, they do not invest in one and look for rental bikes.

Specialized Small Business ideas

Specialized Small Business ideas

49- Fitness Trainer

Specialized courses as fitness trainers are available from significant gyms and fitness institutes in the USA. Once qualified, you can open a business as a fitness trainer. This means you will coach fitness aficionados on various exercise techniques, diets,s, and healthy lifestyles.

50- Walking Tours

If you reside in a town or city with several tourist attractions, you can offer walking tour packages. This involves taking domestic and foreign tourists on a guided walking tour of the main areas of your city and briefing them about these places.

51- Foreign exchange

In the US, buying and selling foreign exchange is fairly easy and does not involve complex documentation. You can open this small business of buying major currencies of the world from tourists in exchange for the American Dollar or vice versa. To make this business profitable, you will need an agreement with a bank or exchange house to offer you preferential rates on foreign currency as your margin.

52- Mail Franchise

Several global and domestic mail firms offer franchises to entrepreneurs in the US. This small business idea does not require a very large investment. However, the returns are very high. Look for franchise opportunities with companies such as UPS, PostNext, and Postal Annex+, among others.

53- Beef Jerky

Beef Jerky continues to remain high on the list of preferred foods in the USA. With good skills and unique spice blends, you can launch your own brand of beef jerky. Proper meat handling, preparation techniques, and great packaging are required to make your product successful.

54- Plumbing Services

Plumbers are in high demand across the USA and earn hefty incomes. Indeed, it is not easy to get a plumber to fix that leaky pipe or clogged drain at several locations. Invest in the tools and equipment required to enter this small business. You can learn a few vital tricks of the trade by apprenticing under an experienced plumber.

55- Moringa Oil

A small Moringa Oil press is available for about US$ 2,500. Moringa also called ‘drum sticks,’ grow abundantly in coastal parts of the US. Extracting oil from dried Moringa seeds is very lucrative. This oil is used in high-end beauty and skincare products or consumed as a health supplement. Residues are sold as livestock feed.

56- Aeroponic Farming

Aeroponic farming is a relatively new concept that is fast gaining ground for growing vegetables. Aeroponic-farmed vegetables are considered healthier than organic ones since they do not depend on soil. Instead, they absorb nutrients from humidity in the air.

57- Organic Vegetables

With a small ‘kitchen garden’ or from your backyard, you can start growing organic vegetables. Organic vegetables and herbs remain in great demand, and large-scale producers often skip smaller shops.

58- Fish Farm

Farming trout, catfish, and other freshwater species is a great business idea. You can acquire the skills required to operate a fish farm from any institute. You will need a few water tanks and groundwater to farm high-quality fish that sells at a premium.

59- Gardening Services

Who does not want a great garden? But everyone does not possess the green fingers required to make a beautiful garden. This is a great home-based business for people who have a passion for gardening and know about tending plants, irrigation, and fertilizers.

60- Florist

While still on plants and herbs, you can consider opening a florist shop as a great small business idea. Investment is low but demands high creativity. Design bouquets, wreaths, and other floral arrangements. You can also take orders for floral decorations at weddings and other celebrations.

61- Krav Maga Instructor

In this era of crime, self-defense is something vital for every citizen. Krav Maga is a form of self-defense used by the indomitable Israel Defense Forces. Training in this skill is available in the US, and trainers are in high demand.

62- Handcrafted Gifts

People are usually confused about what to buy for gifting someone. You can offer handcrafted gifts that are made to order by customers. These gifts are very exclusive and command a high price in the market.

63- Masseuse

Holistic medicine is becoming popular by the day across the USA. And massage is one such therapy that is much sought. Of course, you will require some skills for giving a great massage. However, you can also open a masseuse service by hiring trained staff from the Far East.

64- Crypto-currency Mining is one of the new business ideas

The business of mining crypto-currency- meaning monitoring Internet data for transactions and bookkeeping for Bitcoin, Ethereum, LiteCoin, and others is very profitable. Training is available easily across the USA. You can open this small business from home but need a very high-powered computer with an excellent graphics card. You get paid in Bitcoin or any other cryptocurrency you mine.

65- Bed-n-Breakfast

Not all tourists like to stay in a hotel, motel, or resort. Many tourists prefer to stay at small bed-n-breakfast accommodations offered by individuals or families at home. The system is most popular among high-end business travelers who prefer privacy. If you have adequate room at your house, offer B-n-B services.

66- Omega-3 Eggs

Even the Food & Drug Administration and others argue over their health benefits; omega-3 fortified eggs are fast becoming popular in the US. You need open a small poultry farm, and feed chickens with Omega-3 oil-fortified food. Omega-3 fortified eggs cost thrice or more the price of their conventional counterparts.

67- Biohazard Waste Disposal

Small hospitals and medical clinics do not have facilities to dispose of bio-hazardous waste such as blood and other samples, cotton swags, used injection needles, and syringes. You can open this business from a garage. You will require appropriate containers to collect the waste, an electric incinerator, and proper facilities to dispose of the destroyed waste.

68- Handmade Ice Cream

While dozens of ice cream brands are flourishing in the market, nobody can beat or fulfill the demand for good handmade ice creams. This is because handmade ice creams are bereft of artificial flavors and colors. Make yogurt and fruit-based ice creams from home for sale at stores.

69- Aromatherapy Oils

You will need to invest in a good oil press to enter this small business. Extracting fragrant oils from flowers, roots, fruits, leaves, berries, and herbs can be pretty daunting. However, returns more than justify your efforts.

70- Music Classes

Kids and teenagers are very eager to learn to play some musical instruments. Guitar, keyboard, and percussion drums are popular & most successful small business ideas. Provided you are proficient in playing any of these instruments. You can open a music coaching class.

71- Denture Workshop

Every dentist requires dentures for clients. Dental clinics provide molds for dentures. You have to create them based on the specifications provided by these dentists. All dentistry products and services in the US command a high price.

72- Antique Repairs

Repairing antiques requires deft handling, an understanding of the arts, and creative skills. This is a fairly easy business you can set up from home. It involves repairs of family heirlooms, antique furniture, and other similar stuff.

73- Glamour Studio

Despite the domination of selfies, everyone wants glamorous-looking pictures. Armed with very high-definition cameras, lighting equipment, and a home studio, open a business that offers glamorous images.

74- Portraits

Fine arts professionals who can make portraits can open a great business. Self-portraits are something the rich-and-famous love. They pay lucratively for excellent portraits. Since the work is generally done at locations of the customer’s choice, you need not invest much.

75- Organic Fertilizers

Stores, supermarkets, restaurants, and households in the US waste large quantities of food. You can collect the stuff, dump it in a composter and make high-quality fertilizer from these products that otherwise would be destroyed.

76- Language Classes

Migrants from South America, East Europe, and Asia land in the US to pursue their dreams. Thousands of international students also arrive in the US for higher education. They need to learn English the way Americans speak. Coaching classes in US English is a great business, especially for coaching international students.

77- Translation Services

With America’s trade with foreign countries on the upswing, there is a great need for excellent quality translations of legal and business documents from English to foreign languages and vice versa. This is a great small business idea that costs very low to set up for those fluent in foreign languages.

78- Martial Arts Training

Students and grown-ups often wish to learn martial arts for self-defense. Karate is one of the most popular martial art in the world and in the US. As a Karate expert, you can coach students at home or a classroom.

79- Imported Stuff

You will be amazed at the demand for imported costume jewelry and home décor items in the US. Buy such stuff from foreign sellers through the Internet and sell them at a premium from a home store or online.

80- Fine Coffee

Do not worry about competition from giants such as Starbucks, Colombia, and Costa’s. A well-brewed coffee, cappuccino, and other similar beverages are something that everyone wants. You can set up this business from a small store or street-side stall.

81- Exotic Wines

Many Americans love to try exotic wines made from fruits other than grapes. You can try this business with some knowledge about the fermentation process and winemaking. Use high-sugar content fruits including banana, durian, mango, and various berries for your exotic wines.

82- Janitorial Services

With good contacts and sufficient staff, open a small business that offers cleaning services to offices and homes. This business runs on annual contracts. This means you are assured of year-round income, provided you strike good deals and have excellent cleaning staff.

83- Photo Restoration

Equipped with a high-quality scanner, photo editing software, and tools, as well as a good computer, open a photo restoration business from home. The business involves restoring faded pictures, deleting details, and touch-ups to make old pictures look better.

84- Lamps and Lanterns

Lamps and lanterns made of paper, glass, wood, cloth, and other material are easy to design and create. Unique lanterns, especially those based on ancient or foreign designs, sell for a premium in the market.

85- Medicinal Tea

Get hold of ancient and foreign recipes used for brewing teas that treat various common ailments such as sore throat, colds, and lack of sleep. Make a mix of these herbs and spices and sell them as a medicinal tea.

86- YouTube Videos

Captain Sparklez is an example of how an ordinary YouTube aficionado made millions of dollars by making tutorial videos. You need excellent technical knowledge about the stuff on which you intend to create tutorials & earn from YouTube. There is no shortage of viewers for exciting videos.

87- Security Services

Provide security guards, bodyguards, bouncers, and CCTV surveillance services to companies and individuals. You will require licenses from various authorities for this business. Additionally, you may have to invest a bit in firearms.

88- Building Maintenance

Maintaining old buildings by restoring exterior and interior plaster and paint, flooring, and other works can be considered if you have enough experience in the construction industry. This business works on contracts, meaning you are assured of regular income.

89- Electrical Works

Maintaining electrical connections in buildings is a highly specialized field. You need to ensure that all wiring and mains, and switches, comply with fire and safety as well as industry standards. Those with experience in electrical engineering can enter this business.

90- Appliance Repairs

Repairing home appliances like toasters, air conditioners and heaters, blenders, and other motley stuff is relatively easy. You can acquire these skills from any training institute in your vicinity. The business can be started from home, a small workshop, or even in your garage.

91- Musical Instrument Repair

Another highly specialized small business idea is repairing musical instruments such as guitars, violins, keyboards, and percussion drums. Once again, these skills can be learned by apprenticing with any significant store that offers the service. The business is very lucrative provided you advertise it well and provide competitive rates.

92- Pest Control Services

To open a pest control service, you will need astute knowledge about pesticides and other chemicals and their safe use. Your investment will buy insecticide sprayers, fumigation equipment, rodent killers, and pesticides. Licensing may be required in some states of the US, as well as training.

93- Wind Chimes

Making decorative wind chimes is one of the small business ideas for women. You can make wind chimes with metal, porcelain, wood, and other material that lets off sonorous melodies on friction.

94- Vehicle Restoration

The vehicle restoration business vastly differs from that of a conventional garage. Vehicle restoration involves a complete overhaul of old cars and motorcycles that people retain for their vintage value. You can open this small business from your garage, but you will need proper knowledge about cars and motorcycles.

95- Philately Store

The Internet makes it possible for you to order new issues of postage stamps and other postal stationery such as first-day covers, commemorative issues, and albums from almost every country under the Sun. You need to pay small subscription fees to postal departments worldwide, who will mail you the stuff. You can recharge your credit anytime. Such stamps and postal stationery sell to collectors or philatelists at very high premiums.

96- Pet Care Business Idea

Launch a pet care business from home or a rented premise if you are fond of animals and know how to care for pets. People leave their cats, dogs, and pet birds in the care of such businesses while they travel for vacations or business.

97- Neon Signs

All businesses require neon signs to display their name and other details. You can launch this business with an investment as low as US$ 10,000 from your garage or home. Creativity is a must, and you will require some skilled staff to make these signboards.

98- Event Planning & Management

Admittedly, there are giants in the field of event planning and management. However, you can offer this service for birthday parties, school picnics, family get-togethers, and other similar events. You can also add catering and entertainment as optional services for clients.

99- Ethnic Eatery

With scores of people from various countries residing in the US, everyone craves a taste of food from their native land. Should you be a foreign migrant and well-versed in the delicacies of your ethnic group, open an eatery that offers such food.

100- Microbrewery

This small business idea can be highly profitable provided you know how to brew beer. Microbreweries make minimal quantities of high-quality beer sold only within a minimal geographic zone or a single restaurant. Though this is a small business, you will need ample space and proper equipment.

101- Vegan Food

As thousands of Americans turn to vegan food, devoid of any product of animal origin, new vistas for entrepreneurs are opening up. You can open a vending stall for Soy milk-based ice cream, softies, and health drinks. The bright side is, that the demand for such foods is far too more significant than current suppliers can fulfill.

Statistics speak aloud

The US is home to 46 percent of the world’s 34 million millionaires. The country also has a poverty rate of 13.5 percent, based on the 2015 census. This means, about 43.1 million Americans lived in poverty that year.

Such high numbers of millionaires in the US prove people can strike it rich. Some millionaires inherited ancestral fortunes. Yet, someone took the initiative several years ago to launch a small business that burgeoned into a large corporation.

Nobody wants to be counted among the 43.1 million American poor. Becoming a millionaire is everyone’s dream. To achieve it, you need to start somewhere. Thus, launching a small business is the first step you can take toward this objective.

Why small business?

A glance at any large corporation in the US reveals, that they began as small businesses. Indeed, some of these businesses have very humble beginnings:

  • Businesses launched from home & garage: eBay, Nike, YouTube, Walt Disney, Microsoft, Amazon, Apple, Dell, Harley Davidson, Virgin, Google, Mattel, and others.
  • Companies launched from shared dwellings and small restaurants: Facebook, Airbnb, Pizza Hut. McDonald’s, and Starbucks, to name a few.

In conclusion

Regardless of whether you are eying a microbrewery or a small home-based business, capital for your venture can be pretty easy to find. There are scores of venture capitalists, start-up incubators, and crowdfunding platforms that can help you set up a small business that needs some external funding. However, most small companies succeed due to ingenious ideas rather than investment and size.

Before you venture into any small business that we have listed, ensure you possess the required skills. Entrepreneurship succeeds only when blended with your personal experience and knowledge.


What are good startup business ideas?

There are many potential startup business ideas, but some popular and potentially profitable ones include e-commerce, digital marketing, health and wellness, food delivery, home cleaning or handyman services, online education, subscription-based services, and social enterprise. It is important to conduct market research and validate the idea with potential customers to ensure viability and demand.

What are the most successful small businesses?

Successful small businesses include those in online retail, food and beverage, personal services, consulting, home services, online education, social enterprise, and subscription-based services. They often have a clear understanding of their target market, a unique value proposition, a solid business plan, and financial management, and an agile approach to adapt to market changes. It's important to conduct thorough market research and validate the idea with potential customers to ensure viability and demand.

What are the 5 most profitable businesses?

Potentially profitable businesses include real estate, investment management, technology, e-commerce, and healthcare. These industries have the potential for high returns on investment and have been growing rapidly over the years. It's important to conduct thorough market research, have a unique value proposition, solid business plan, and financial management, and an agile approach to adapt to market changes.

What are the top 5 small businesses to start?

Small businesses that have the potential for success include online retail, digital marketing, consulting, home services, and personal services. It's important to choose a business that aligns with your interests and skills and conduct thorough market research and validate the idea with potential customers to ensure viability and demand.

What are cheap businesses to start?

Starting a business can be a cost-effective way to achieve financial independence. Cheap businesses to start include online businesses, consulting, freelance services, dropshipping, pet-sitting or dog-walking, and home cleaning or handyman services. It's important to conduct thorough market research, validate the idea with potential customers, have a clear understanding of the target market, a unique value proposition, a solid business plan, and financial management, and an agile approach to adapt to market changes.

How to start a business?

Starting a business involves conducting market research, developing a business plan, choosing a business structure, obtaining licenses and permits, securing funding, building a team, establishing a brand, launching the business, and monitoring progress. It's important to be patient, and persistent and seek help from experts when needed.

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