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Should You Start Your Own Scalable Home-based Business?

By David Carlson / Last updated: September 28, 2017 / Other

We may receive compensation from companies mentioned within this post via affiliate links. Read our full advertiser disclosure. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
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When you’re struggling as an employee, it’s usually because you have an entrepreneurial spirit, and you’re bored to tears performing mechanical tasks that you have no interest in.

As a creative person, your joy comes from building things. While some people like the security of simply following orders, others yearn for the opportunity to do things their own way.

One solution to your dilemma is to start your own scalable home-based business. This is a business that you can start on a shoestring budget and then grow over time. Ideally, it should be something that expresses your unique talents and abilities. If you’re not sure about what you’re good at doing, take a strength finders test.

Here are 3 business ideas to consider:

 

1) Home Food Service Business

 
If you launch a home food service, it could later become a restaurant. Find out about the regulations to work in the food-service industry. Most states require that people who prepare food for commercial purposes get a food handler’s card to learn about essential food safety principles.

Keep in mind that you should have a pre-existing market for your business to be successful—in other words, people are already buying what you’re selling and there are established ways of taking orders and delivering food. One market, for instance, might be providing lunch to office workers; another market is catering for children’s birthday parties.

 

2) Freelance Writing Business

 
If you launch a freelance writing business, it could later become a digital marketing company. You may have to write free articles for websites and blogs to develop a portfolio. Once you have these published pieces, you should create your own website where you can describe your knowledge and experience about writing and create links to your writing samples.

After you’ve set up your business, you will have to find clients. You can do this online by visiting job sites that hire freelance writers and bid for work. You can also do this offline by going to networking events and handing out your business cards to small business owners, many of whom will have a website or blog that needs regular content.

 

3) Babysitting Service

 
If you launch a babysitting business, it could later become a daycare. If you’re interested in this type of business, it’s probably because you have some experience with looking after kids. Perhaps, you worked as a babysitter to earn some extra money when you were a teenager or helped family members who needed someone to look after their kids while they were away. Gather these references and ask people to recommend you. Still, even if you have experience, you should take a babysitting course. It will teach you about things that will make your services much more professional.

the more satisfied your clients, the faster your list of referrals will grow. Like any other business, you should choose a name for your business and make some basic decisions on the type of work you’ll do. Do you have an age range you prefer? What would be a fair price for your services?

 

Ease Into Your New Business

 
Since it takes time to register a business, enroll in any necessary training, earn certifications, and market the business, there will be a lull in your cash flow. For this reason, it’s not a good idea to quit your job to create your new business.

Instead, consider your venture as a side hustle until your income matches what you earn at your current job. While this may be a slower way to launch your business, you have a greater chance of success because you’ll be able to acquire the requisite knowledge and skills, set up the business properly, and learn how to market it effectively.

 
 

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David Carlson

David Carlson is the founder of Young Adult Money. He is a nationally recognized speaker and the author of Student Loan Solution (2019) and Hustle Away Debt (2016). His opinions have been featured on such media outlets as The New York Times, The Washington Post, Cheddar, NBC's KARE11, and more.
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