For some people, working in a corporate office in a salaried position is more than enough. But the entrepreneurs of the world want more. They’re looking for a business opportunity that will allow them to be their own boss, set their own hours, have an unlimited income, and that can continually grow and become more and more successful.
Sound like you? Read on to find out about 4 great ways to become your own boss.
Open a Franchise or License a Business
If you want to run your own business but are not sure where to start, buying a franchise or licensing a business might be the right option. There are several different franchise and license opportunities out there, ranging from full-service restaurants to tech services to retail kiosks. While some franchises and licenses can be pretty costly, the number of less expensive ones have been growing steadily over the past few years. The benefit of a franchise or licensed business is that it already has established branding, supply chain logic, products, training, etc., saving you time and allowing you to apply a business model that has already proven successful.
Start a Consulting Business
While starting your own consulting business will require a lot of legwork, it can definitely pay off. Consider your area of expertise—whether it is inbound logistics, software sales or set design—and determine if it is something you could convince your industry contacts to pay you directly for. The key to your success as a consultant is valuable industry knowledge or skills and your ability to network. If you’re successful, consulting can be very financially rewarding.
Become a Real Estate Agent
Even though most real estate agents are associated with brokerages, they work for themselves. Because success in real estate is directly related to effort, it is a great field for entrepreneurs. Plus, barriers to entry are relatively low, making it simple for someone with no prior real estate experience. As a realtor, you can set your own hours and control your own business. Success in real estate is primarily dependent upon your networking skills and willingness to work tirelessly to get the best listings and make sales.
Launch Your Own Catering Service
If you know your way around a kitchen, consider launching your own catering business. Startup costs are usually low, and it is a business model that you can scale rapidly. Eventually, you could work your way up to managing a staff of several dozen, catering high-profile events and bringing in tens of thousands of dollars in revenue. Plus, while you get up and running, catering makes it easy to keep your full-time job. Obviously, launching this kind of business requires very specialized skills, but if done correctly it can be very profitable.
Are you ready?
Becoming your own boss can be a challenging, yet rewarding endeavor, so it’s important that you know you’re 100% ready to take on that challenge and learn from the habits of world’s wealthiest entrepreneurs. If you’ve been thinking about becoming your own boss for awhile, now is the perfect time to take our quiz and see if you’re ready to go off on your own and become an entrepreneur.
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