Top 10 Entrepreneurial Ideas to Start a Business

25th November 2018 

In this journal, I will discuss top 10 entrepreneurial ideas which can enable me as an entrepreneur start a business and accrue several benefits in the long-run. Below are among the entrepreneurial ideas that many mobile development and web development companies currently rely on to achieve success. 

Social media management 

All businesses across the world nowadays use social media platforms such as Twitter, Facebook, Instagram, Pinterest, etc. to get their business deals done. However, the main problem that comes with this idea is that several businesses lack the knowledge, time, and resources to implement and manage this entrepreneurial idea for their own benefit ( Burns & Dewhurst, 2016) . But it is good to note that social media management is one of the best aspects of business marketing and any company that exploits its advantages will add substantial values to their businesses and maximize profits. 

Vacational rental system 

This is one of the best startup business ideas for the hospital industry. Those who live in a busy tourist destination can easily manage the vacational rental homes for the owners who cannot look after a large number of tourists arriving. However, implementing this idea is always challenging due to a large amount of capital needed and stiff competition in the hospitality industry. But for the outstanding entrepreneurs can leverage these challenges, will create as many households as possible (Burmeister, Lüttgens & Piller, 2016). The more number of vacational rentals, homes built, the more the profits will be accrued. 

Electronic accessories and phone repair 

This is one of the greatest entrepreneurial ideas since almost everyone across the world owns Smartphones, tablets and the rest of electronic devices . Therefore, regardless of the location, an individual is located, the most important thing is that they use such electronic devices on daily businesses and due to that doing business in electronic accessories and phone repair is a great idea. Smartphones and tablets are very significant in people’s lives because they are used for surfing, communication, and e-commerce. Nonetheless, the biggest challenge with this idea is that it often requires a lot of capital for startup which might make it difficult to implement. 

Flipping websites 

Flipping of websites is great business ideas that can help you earn a lot of money because all it does is to buy and sell the already existing sites. The most important thing here is that this is an art and it requires an individual to conduct some studies aiming at identifying the most viable websites currently in the market ( Ross & Byrd, 2015) . Moreover, the activity involves either selling the whole website or auctioning certain website domains. Both these two activities will indeed help you earn a lot of money; however, the idea might flop and fail to become profitable if cybersecurity increases posing several cites at risk of being hacked. 

Tourism consultancy business 

This is a great business idea, especially for people that live in more touristic areas across the world. To maximize profits in this area, the tour consultant must heavily rely on several advertisement services to market the service and make it sell. Starting this business does not require lot procedures, but instead, you only need a simple commercial or legal structure. However, the main problem associated with this idea is strict governmental regulations and rules guiding such career fields which might be very difficult to comply with . 

Offering online training and education courses 

Education has become one of the basic needs across the world; therefore, developing online courses for particular career fields is a very wonderful business idea because it would earn you a lot of cash at long-run ( Carlile et al . 2015). Moreover, several people who work nowadays pursue most of their part-time courses online meaning opening such a business will apparently make you as the entrepreneur a lot of money. However, the biggest challenge with it is a lack of credibility and certification, which might become a problem in appealing to your clients to buy your services. 

Website designing and development 

With the emergence of modern information technology and the rest of technologies, websites have become highly fundamental to conducting any form of business across the world. This has made the entrepreneurial idea of designing and developing websites very lucrative. However, the problem with web designing across the world is that it obfuscates and scares several people due to many variables that it has at stake. 

Online fitness coaching 

The emergence of health issues associated with a lack of fitness and physical activities has made several people across the world to seek health coaching services, thus making the business for offering online fitness services highly viable. However, the problem with it is that several such businesses are set-up in certain places, making competition in this business stiff. 

Provision of monthly box services 

People are nowadays provided with several monthly box services at all corners of life. This means a person can easily build his box services and share with others at a little cost. Therefore, by utilizing this business idea, an individual will be able to earn some little amount of money on a monthly basis and at long-run start earning a lot of money. Nonetheless, this business might not be viable if the owner fails to adapt to ever-changing technologies. 

Management of online AD 

Twitter, Facebook, and Google have become the most dominant forces in the pay-per-click advertisement. This means that for individuals who know the PPC medium will make their online AD management very effective. However, the main problem associated with this kind of business is that it requires huge startup capital, which a potential entrepreneur might not be having.