Entrepreneurship continues to be a viable
source of income and independence for many individuals, families and the
business oriented. Sometimes though,
graduates from prestigious universities and colleges tend to wait around to
land the ideal job. In 2017 as in the
more recent past, graduates are encouraged to embrace the philosophy which says
‘if opportunity does not knock, build a door’… In other words, don’t wait for
that coveted job, create your own.
Though entrepreneurship is challenging, the
possibilities when an individual calls his own shots is endless. Entrepreneurship provides the opportunity to establish
a business which could carry through your generation, increase your personal
income and provide employment for others.
Look, you are already well trained in your
area of expertise, so here are five creative ways to use what you already have
to become self-sufficient.
1. Small
loans – These days money seems never to be
enough. If you want to put your money to
work for you, starting a small loans business is a great option. The truth is that disposable income among
individuals is limited and small and startup businesses sometimes require a
cash flow support to complete an order or ensure that products get to the
market on time. Offering affordable
loans with convenient payment options can attract a steady stream of
customers. Ensure however that
precautions are put in place for repayment of the loans. For personal loans salary deduction is always
the surest option while for businesses, it is recommended to hold some
collateral on the business, whether it is inventory or the title on a piece of
equipment of equal value.
2. Tech-based
– Any technology based business is a viable business. Both hardware (computer engineering) and
software (graphic design, animation or social media management) are in-demand
services, particularly for small and startup businesses. Prior training and/or experience as well as
fast-speed internet connection and a computer are required for software, while
the requisite tools are required for repairing the machines. Marketing is also relatively easy and
inexpensive. Networking is best way to
connect with people who need these services.
Ensure that you have professionally designed business cards and flyer
detailing your services which can be distributed to potential clients both on
and offline.
3. Counseling
Services – With so many traumatic events occurring
in today’s world, the services of Therapeutic Counselors and Psychologists have
become increasingly important. Though
starting this type of business requires extensive schooling and training, it is
extremely profitable. If you are already
trained, don’t sit around waiting for a job; make your own… start even in a
room at home.
4. Fitness
& Health Consultant – Most individuals are now seeking a
healthier lifestyle. Exercise and healthy
eating has become more than talk, it’s now a way of life. This therefore means that persons trained in
fitness or as nutritionists can now market themselves as a brand. In my own locale (Jamaica) several fitness and
nutrition entrepreneurs have emerged as a result of the latest health studies
which have shown that heart disease and diabetes are the leading causes of
death in the country. These
entrepreneurs in most instances have no office space (therefore no overheads)
and have also earned endorsements from leading health companies in
Jamaica. Marketing this type of business
is also relatively easy. Recording and
sharing daily videos of workouts and meal guides will increase the business’s
visibility and attract business recognition and additional customers.
5. Financial
Advisor – And we end where we started, just on the
other end. With decreasing disposable
income, most individuals now require some type of guidance to better manage
their finances. As a Financial Advisor,
you have the unique opportunity to make people feel better about their money
decisions because whether you believe it or not, financial security means a lot
to an individual. The Financial Advisor
is also able to provide support throughout the individuals’ life, whether it is
saving for the big home purchase or retirement planning.
Businesses in these areas have one common
feature; they have the potential to be profitable now as well as in the future.
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