How Does Your Morning Routine Compare to Business Leaders Like Tim Ferriss, Martha Stewart and More?

They swear by the power of a good morning routine to set them up for success. February 18, 2020 8 min read Whether they are household names or people making a big impact in their industries behind the scenes, successful leaders all swear by morning routines that set them up for a productive day. Related: The 10-Minute Morning Routine That Will Clear Your Mind Martha Stewart, founder of Martha Stewart Living Omnimedia Inc. In an interview with The Cut, she explained: “I have no shades on my windows, so I usually wake up with sunrise, which has been around 5 a.m. I generally read the New York Times right away. I have my iPad right next to my bed and I do the mini-crossword puzzle — if I haven’t done it before I go to bed, because the new one is posted around midnight. It’s sort of a habit I have. Then I get up and I take […]

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8 Kobe Quotes That Will Challenge Your Views on Competition, Leadership and Death

The 18-time All-Star will be missed this weekend, but his words and wisdom are as relevant as ever. February 14, 2020 3 min read During his 20-year tenure with the Los Angeles Lakers, Kobe Bryant was one of the most polarizing people in professional sports. But whether you loved him or hated him, you could not deny Bryant’s success at the highest level of basketball. In addition to his NBA MVP award and five NBA championships, Bryant helped lead Team USA to two gold medals in 2008 and 2012. Bryant was also an 18-time NBA All-Star, second only to Kareem Abdul-Jabbar (LeBron James has the most among active players, with 16 All-Star appearances). The NBA will doubtless mourn Bryant at the first All-Star weekend since his untimely and shocking death, but Bryant’s legacy will live on.  Here are eight of the superstar’s best quotes, which can provide a window into […]

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Image Consultant – Business Ideas

Startup Costs: Under $2,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF: As an image consultant, you’ll give clients makeovers, coach them on the right wardrobe style for the image they want to project and even weed out closets or go on shopping expeditions. You’ll also likely give hair and makeup advice, instructions on effective body language and tips for self-confidence. You can snag corporate clients by teaching tactics for better sales and customer relations, or you can work with clients facing media spotlight to help them look and act their best. Some advantages to this business: You can work at home, you can start part-time with low costs, and it’s often creative and satisfying — whether you’re helping someone advance in their career or feel good about themselves in their personal life. In some states, you need a cosmetology […]

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Management Consulting and Training – Business Ideas

Startup Costs: $2,000 – $10,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF If you start a management training and consulting business, your role would be to come in to see how well a business is functioning and devise a plan to improve internal operations from HR to shipping. You would observe how employees are using their skills and time and then arrange training sessions and provide resources to fill in any gaps, and set goals to help everyone from executives to entry-level staffers lead with their strengths and boost their performance. Depending on your background, you could focus on a particular industry like technology or finance. Though not required, management consultants often have an MBA or an undergraduate degree in business.     ASK THE PROS: How much money can you make? The average salary for a management consultant is $105,461 […]

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How 15 African-American Entrepreneurs Funded Their Businesses

Daymond John turned $40 into a $6 billion brand when he founded FUBU. In 1992, John and his three friends wanted to make hats. They purchased $40 worth of fabric and got to work in John’s home in Queens, N.Y. The brand reached the height of its popularity in the 90s, and at its peak, FUBU brought in over $350 million in annual revenue.    After largely leaving the U.S. market, FUBU has experienced a resurgence due to licensing deals and collaborations with companies like Urban Outfitters, Century 21 and Puma. John is currently mentoring the next generation of entrepreneurs as an investor on ABC’s Shark Tank. Related: Daymond John: 5 Reasons Why Education Is the Key to Your Success Read_More Related posts: 10 of the Most Successful African-American Entrepreneurs Daymond John Explains His Crazy Ride to Success (Podcast) American Immigrants Are Twice as Likely to Become Entrepreneurs. Here’s Why. Advice […]

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Personal Shopper – Business Ideas

Startup Costs: Under $2,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF: If you love to shop, you may be able to turn it into a business venture with a service for those who don’t have time (or don’t enjoy) doing their own shopping. Many people hire personal shoppers to select gifts for any number of special occasions, including holidays, birthdays, weddings and anniversaries. And it’s not just new products they’re after: Personal shoppers are also often hired by interior designers and collectors to rummage through flea markets, consignment shops, antique stores and garage sales for collectibles, art, books and unique decor. Corporations sometimes hire personal shoppers to purchase the perfect gifts for customers, prospects, business partners, investors, employees and executives, as well as to purchase products for gift bag giveaways at special events, ceremonies, and seminars. If you love […]

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Interior Design – Business Ideas

Startup Costs: $2,000 – $10,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF Interior designers make people’s homes and workplaces more beautiful but also more functional. They do this by selecting and blending colors, fabrics, furniture and lighting, in cooperation with the client. Developing the aesthetic sensibilities and business acumen needed for interior design, however, takes a commitment. According to the Bureau of Labor Statistics, candidates for this profession must first earn a degree in the field, then pass the National Council for Interior Design [NCIDQ] qualification exam. Along the way, they’ll learn in depth about building codes, regulations and accessibility standards and specific skills like reading blueprints. And of course no one is going to hire a raw beginner, so taking on some pro bono projects, building a portfolio and working for architectural and design firms is a must, as is ongoing education. […]

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9 Ways to Supercharge Your Morning Routine

Whether with celery juice or a sports podcast, these 9 founders found a new way to start the day. January 29, 2020 3 min read This story appears in the January 2020 issue of Entrepreneur. Subscribe » Morning Veggies “I recently began drinking celery juice every morning. It’s known for its healing benefit, and especially in colder weather, it has alleviated my dry skin and helped increase my energy level.” — Bill Glaser, cofounder and CEO, Outstanding Foods Facts and Figures “I started putting on CNBC every morning. It gives me a more macro-level understanding of everything happening in the current global marketplace, which really helps me to make more informed decisions at the micro level for Pura Vida.” — Griffin Thall, cofounder and CEO, Pura Vida Bracelets Related: 14 Things Ridiculously Successful People Do Every Day Home Brew “I stopped buying my Americano on the way to the office and instead wake up a little earlier and make it at home with […]

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Massage Therapist – Business Ideas

Startup Costs: Under $2,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF: In today’s fast-paced world, it’s easy to get stressed. But if you’ve got experience with massage, plus that healing touch — you can knead away tense muscles and calm jagged nerves — then you can make relaxation a reality for people with a massage therapy business. You can see clients on the move by driving to homes or offices with your massage table, soothing oils and restful music in tow. With permission from the proper authorities, you can even set up on the beach, at shopping malls or at airports. The advantages to this business are that startup costs are often minimal, and you get the glow of satisfaction from making the world a more relaxing place for your clients. Some states require massage therapists to be licensed, […]

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Travel Agent – Business Ideas

Startup Costs: $10,000 – $50,000Home Based: Can be operated from home.Franchises Available? Yes Online Operation? Yes THE BRIEF: If you thought travel agents were obsolete, you were right — to an extent — says Entrepreneur writer Clint Carter. When sites like Travelocity and Expedia arrived in the mid-’90s, customers no longer needed their local brick-and-mortar agencies. And once airlines had a direct line to consumers, they stopped offering the commissions agents had long relied on. “The internet killed the old-fashioned travel agent,” says Dave Hershberger, chair of the American Society of Travel Advisors (ASTA). “It just took them all out of business.” Of the agents that survived, many found refuge in the exploding cruise industry. While customers approached airline tickets as a basic commodity, they looked at ship travel as an experience, and first-time cruise-goers needed all the help they could get sorting through itineraries, dining options and room choices. The old-time role of “agent” […]

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14 Famous Businesses That Launched With Less Than $10,000

Steve Jobs built a business that revolutionized the tech industry. It all started with an investment of $1,350. In 1975, Jobs and his friend Steve Wozniak launched Apple in Jobs’s parents’ garage.  Jobs once said in an interview: “That’s why we started Apple. We said, ‘You know, we have absolutely nothing to lose.’ I was 20 years old at the time, Woz was 24 [or] 25, so we have nothing to lose. We have no families, no children, no houses. Woz had an old car. I had a Volkswagen van, I mean, all we were going to lose [was] our cars and the shirts off our [backs].” By 1985, Jobs’ relationship with Apple had soured. Jobs resigned from the company that year. He came back to the tech giant in 1997 when Apple bought NeXT, the company then headed by Jobs. Before Jobs passed away from pancreatic cancer in 2011, he […]

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The Top 9 Books Recommended by Millionaires

So you want to be a millionaire? Start reading like one. January 23, 2020 1 min read Want to be a millionaire? Start thinking like one. And if you’re not sure how, one logical first step is to start reading like one.  MillionaireMatch, a dating site for high-net-worth individuals, conducted a survey over the holidays to determine the books most recommended by millionaires. About 500 users were surveyed, and according to a site representative, their millionaire status was “verified” by way of submitted financial documents. The most popular page-turner for single millionaires ⁠— topping the list with about 243 recommendations ⁠— was Eckhart Tolle’s The Power of Now, followed by Napoleon Hill’s Think and Grow Rich with 212 recommendations.  Related: Bill Gates’s Top 5 Books of 2019  If you’re looking to read more, earn more or get inspired in 2020, these nine books could be a good place to start.  Read_More Related posts: Top 5 Summer […]

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Tour Guide – Business Ideas

Startup Costs: Under $2,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF: Do you live in a tourist area, and do you know that area well? If so, why not consider starting a business as a personal tour guide. This type of enterprise can be managed from a home office, started for less than $1,000, and has the potential to produce an income that can easily exceed $50,000 per year. The key to success in becoming a personal tour guide is to promote your service aggressively, build contacts with companies and individuals that can help you succeed, and to provide clients with the best time of their vacation. ASK THE PROS: How much money can you make? “Currently, tour guides are charging clients around $150 for half-day tours, and as much as $300 for full-day tours, plus the cost to […]

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Career Coach – Business Ideas

Opinions expressed by Entrepreneur contributors are their own. Startup Costs: $2,000 – $10,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? Yes THE BRIEF  As a career coach you would be in a position to help your clients articulate their work goals and take concrete action to make them happen. If you thrive in moments of transition, and have a problem solving mentality, this could be the route for you. As far as a client base, you could take on people looking for a pre-retirement gig, young grads looking to get their foot in the door or someone looking to change industries entirely. As far as the skills you’ll need, listening and an understanding of the markets your clients are operating in are key. A background in counseling, psychology, or human resources could also serve you well. In addition to long term clients, […]

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Food Truck – Business Ideas

Opinions expressed by Entrepreneur contributors are their own. Startup Costs: $10,000 – $50,000Part Time: Can be operated part-time.Franchises Available? Yes Online Operation? No THE BRIEF: Inspired by the Jon Favreau movie Chef or the success story of Roy Choi and want to start your own food truck? You’ll need more than a kitchen on wheels. Food trucks is the fastest-growing channel in the food service industry. In 2012, food truck revenue was $650 million, however that number has since skyrocketed, reaching a whopping $2.7 billion in 2017. ASK THE PROS: How much money can you make? “If you’re a first-time entrepreneur, a food truck can be a much more affordable option than an actual restaurant. And for less than $100,000, someone can launch a food truck business that can make anywhere between $250,000 to $500,000.”—Why Food Truck Businesses Are Revving Up (Infographic) “In five years, St. Louis native David Choi went […]

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Catering – Business Ideas – Start your Business Today

Opinions expressed by Entrepreneur contributors are their own. Startup Costs: $10,000 – $50,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF: If you’re one of those fearless people who enjoys giving elegant dinner parties, get rave reviews from guests and/or your relatives beg to have holidays at your house because of your cooking, then catering might be your cup of tea. As a caterer, you’ll plan menus and elegant or playful presentations for everything from company picnics to debutante balls, then cook it all up, deliver it to the event, serve it and clean up afterward. You can specialize in affairs such as weddings; specific goodies such as cakes or cookies; or clients including corporations, charities or individual parties. ASK THE PROS: How much money can you make? Established caterers can demand top dollar for their services, but starting out, […]

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Here’s How I Started the Business That Appeared on ‘Entrepreneur Elevator Pitch’

Recess & Results is a faith-based kids fitness program and turn-key business opportunity. January 17, 2020 6 min read Entrepreneur Elevator Pitch invites ambitious entrepreneurs to step into the Entrepreneur Elevator, then gives them just 60 seconds to pique the interest of a group of judges. It’s a high-pressure, fast-paced environment in which startup founders need to race against the clock while maintaining their composure to make a clear, deliberate pitch that covers at least three essential components: Defining the company Making the request Specifying what the investment money will be used for The investors watch the pitch via a video livestream while the elevator ascends to the boardroom floor. Once the 60 seconds are up, the judges vote on whether to open the doors or send the founder back down and pass on investing. The fifth season of Entrepreneur Elevator Pitch offers a dynamic change in the show’s format. Before, our four judges needed […]

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Makeup Artist – Business Ideas

Opinions expressed by Entrepreneur contributors are their own. Startup Costs: Under $2,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF: If you’ve got a way with makeup — you know how to create magic with powders, lipsticks and shadows — then this could be the business for you. As a makeup artist, you’ll help clients look their best for weddings or other special events, give makeovers to people who want to update their everyday looks and more. Some advantages to this business are that you can start part-time and on a shoestring. If you live in an area with a viable film industry, you can also become a makeup artist to the stars (or star-hopefuls) by working on TV or movie projects. Target those planning a wedding by establishing relationships (be sure to leave brochures and business cards) with wedding-oriented […]

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Handyman Services – Business Ideas

Opinions expressed by Entrepreneur contributors are their own. Startup Costs: $2,000 – $10,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF Handymen (and handywomen, too — we’re using “handyman” without a gender distinction) visit people’s homes to fix a wide range of problems. Is a kitchen cabinet off its hinges? Electric outlets shorting out? Cracks appearing in thewalls after last night’s storm? Who you gonna call? Answer: A handyman — or woman. “They paint, repair flooring, and work on plumbing, electrical, and air-conditioning and heating systems, among other tasks,” the Bureau of Labor Statistics reports of this profession. In 2018, adds the BLS, the median pay for a “handyman” was $38,300, or $18.32 an hour (which may be a low estimate; see our handyman’s quotes below.) Clearly, there is an unending need for handyman services; individuals in this segment are limited only by the extent […]

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Rideshare Driver – Business Ideas

Opinions expressed by Entrepreneur contributors are their own. Startup Costs: $10,000 – $50,000Part Time: Can be operated part-time.Franchises Available? Yes Online Operation? No THE BRIEF: If you dream of being your own boss, ditching the 9-to-5 life and setting your own schedule, you aren’t alone. Uber and Lyft, the early pioneers of the ride-sharing economy, have attracted hundreds of thousands of drivers looking for the same lifestyle. The best part? You can turn on and off your availability through these networks with the simple click of a button, effectively allowing you to make money no matter what time of day or night it is. ASK THE PROS: How much money can you make? “People who drive for Lyft make about $17 an hour, not including bonuses or tips, although the driver’s salary can range from $5 to $40 an hour, according to data from Glassdoor. The hourly income for people […]

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