If you are thinking of starting your own business, there is probably a lot of thoughts running through your head. While there are a lot of considerations that go into starting a business, all entrepreneurs will want the most profitable business possible.
After all, profits allow you to not only expand your business, but they also provide financial stability for you and your family. In order to illustrate how to successfully start a profitable business, let’s take a look at some people that started a business and never regretted it.
From Feeding Just Her Family to Feeding Hundreds
One of the largest growing industries is the catering industry, as it really only requires tasty, creative food ideas (and the ability to travel to different events).
Julia Martinez, a single mom of three children, works full time and finds it increasingly difficult to spend time with her children because she is constantly having to take business calls and work overtime. Thankfully grandma and grandpa have always been willing to help take care of the children.
When she does have free time, Julia loves hosting dinner parties (and playdates for her children’s friends), where she receives so much praise for her cooking, so much that she decides to quit her job and become a caterer.
Julia gets all the required licenses and begins to aggressively market her business through friends and family.
Through hard work and great food, she is able to turn a profit after only a few months of running the business, all while being able to spend more time with her family at home.
Though her business is already profitable, Julia could increase those profits by reaching a wider customer base through web advertising (a great way for businesses to spread their brand to an even larger number of people).
Sleek Websites Done Right
Ana is a recent college graduate who decides to take the risk of starting her own business. She decides to use her degree in graphic design in order to jump into one of the most profitable industries today: website design.
Ana begins by creating her own website (which is a great way to reach more potential customers and build your personal brand) and scour the web for possible design jobs. Ana is smart enough that she is flexible and looks for any way she can put her design skills to use (building logos, designing graphics for videos, etc.).
These jobs may not pay the best, but they are a great way for her to build up connections and create possible returning clients.
After working hard and building up a network of clients Ana is able to make a profit designing websites for various big and small companies, all from the comfort of her own home.
Family Food Truck
Enrique and Hannah O’Reilly are a married couple that was both unsatisfied with their office jobs and wanted to do something different.
O’Reilly’s biggest passion has always been cooking and eating traditional Irish food. One day Hannah brings up the crazy idea of starting an Irish food truck. Funnily enough, this is not as crazy as it sounds, as food trucks are a booming industry that often makes their owner great profits when successful.
Gregory and Hannah take the leap and leave their current jobs to pursue their Irish food truck dream.
They use their savings to purchase a food truck and all of the equipment, acquire all the required health and business permits, and research where the most amount of shoppers are.
With the help of word of mouth and heavy marketing, the O’Reillys are able to sell enough food to make hefty profits every month. They managed to turn their dreams into a reality with smart planning and savvy marketing.
These, and thousands of other small business owners from all walks of life are becoming successful every year.
So even if you are a parent, nothing is stopping you from starting a profitable business and being able to spend more time with your family.