Should You Get Into the Restaurant Business?

It won’t be a walk in the park, but this entrepreneur says if you have a passion for food, you may be right for it. Read_More Related posts: Newport Beach Restaurant Week – Lunch At Bluefin Newport Coast Restaurant Technology Needs Are Serving up Great Entrepreneur Opportunities As Restaurant Chains End ‘No-Poach’ Policies, How Will Franchisees Retain Trained Employees? Amazon Shuts Down Its Restaurant Delivery Business in the U.S. The SmoKING Rib BBQ Restaurant Here Is How Much it Costs to Build a Restaurant (Infographic) Marijuana Among Restaurant Trends for 2019 What's the Biggest Challenge of Starting a Restaurant?

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Is Your Business Idea Any Good? 5 Indicators That It Isn’t …

Remember fidget spinners? Be careful not to build your business around a fad — and four other important tips. July 9, 2019 8 min read Opinions expressed by Entrepreneur contributors are their own. Given your entrepreneur’s spirit, you likely have more business ideas than you have time to pursue. Every new consumer pain, every new piece of technology, every up-and-coming sales trend: They all seem to spark a new, ambitious, seemingly fool-proof business idea. Related: How to Come Up With Startup Business Ideas in the Digital Era And while you’d love to pursue all of those ideas at once, face it: You don’t have the time (and your energy, anyways, is more effectively spent on a single business venture). So, amidst that raging sea of different business ideas, how can you determine which one is worth pursuing… and which ones are bound to fail? Well, there are always exceptions to the rule, of […]

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Take the Fork in the Road: Come Up With Awesome Business Ideas

Most people choose left or right when they come to a fork in the road. And you could just follow everyone else. Or you could just take the fork and do something with it. This is what business building is like. It’s looking at what other people aren’t doing and doing that. But how do you get from, no clue to successful idea? Do you pull a rabbit out of a hat? Shuffle a deck of cards? Today we’re going to give you a small map you can follow to getting to your best business ideas. 1. Take Note Like the illustration above, you can easily find out where people have gone in the past. With the advent of the internet, this has become even easier. You can easily find case studies online. Look at the niche you’re interested in and find out what startups other Entrepreneurs have done. Take […]

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10 Business Ideas for Making Extra Money After Work

A steady paycheck is financial stability. Add a second stream of income and you’re taking your first step toward wealth. May 12, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. If you already earn a steady paycheck and need some extra cash, an evening side-job might come in handy. Thanks to the internet and advancements in technology, there are a huge variety of money-making activities you could do from the comforts of your home, especially if you have a laptop and a steady connection. In this article, I’m going to share 10 business ideas for making extra money when you get home from work in the evenings. 1. Create chatbots. Chatbots are the talk of the town. Companies large and small are jumping on the chatbot bandwagon, implementing this technology tol for customer care, marketing, sales, even internal processes, among other activities. Now, however, chatbots don’t require […]

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8 Ways to Make Money Online Without Quitting your Day Job

Getting on the path to financial freedom doesn’t have to involve taking an all-or-nothing risk. April 26, 2019 13 min read Opinions expressed by Entrepreneur contributors are their own. Want to make money online? Want to rake in millions almost effortlessly? Sure, most silver-tongued marketers might lead you to believe that the good life is just a few keystrokes away. They tell you that your path to online riches is just around the corner using this newly discovered, untapped secret. The best part? They’re only sharing it with you as part of their inner circle. Yes, that’s right. You’re the chosen one. Part of the lucky few.  We all know how this story plays out, don’t we? The allure for wanting to generate an income and leave that corporate life-sucking 9-to-5 job is strong. So strong, in fact, that this so-called easy money-making system was just too alluring that you […]

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How to Turn Your Good Idea Into a Great One

A former Silicon Valley VC leads this course on fool-proof idea validation. March 28, 2019 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Figuring out how to turn your latest business idea into the next big thing doesn’t happen overnight, even if you’re a genius in your industry. Mark Zuckerberg is a great example. The Ivy League programming prodigy started off by overwhelming one of Harvard’s network switches with a site that let users choose the most attractive person from a group of photos. Although FaceMash was quickly shut down by the university, it sparked an idea in Zuckerberg (or the Winklevoss twins, depending on who you ask), and he began writing code for “Thefacebook” the following semester. […]

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Need a Business Idea? Here Are 55

To start one of these home-based businesses, you don’t need a lot of funding — just energy, passion and the drive to succeed. This article has been excerpted from 55 Surefire Home Based Businesses You Can Start for Under $5,000 and other great resource books published by Entrepreneur Press. Today, tens of thousands of people are considering starting their own business, and for good reasons. On average, people can expect to have two and three careers during their work life. Those leaving one career often think about their second or third career move being one they can run out of their own home. The good news: Starting a home-based business is within the reach of almost anyone who wants to take a risk and work hard, as are a plethora of other low-cost ideas. 1. ACCOUNTANTExperience, training or licensing may be needed Create a flier outlining your services. Before you do that, you need […]

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100 Businesses You Can Start With Less Than $100

Business Ideas There are many obstacles to starting your own business, but money isn’t always one of them. Image credit: Akira Sakamoto | Getty Images February 5, 2019 21 min read Opinions expressed by Entrepreneur contributors are their own. Have you ever dreamed of starting your own business? What’s holding you back? If the answer is not having enough money to get started, then here’s some excellent news: You can start countless businesses with less than $100. People do many odd jobs to pay the bills, and no matter what your skills are, there are ways to put them to work. It doesn’t matter if you’re a handyman or an online marketing expert — you can still make extra money on the side. Here are 100 business ideas to get you started.  100 Businesses You Can Start With Less Than $100 Direct sales representative Image credit: Shutterstock Being a local sales representative […]

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10 Best New-Age Business Ideas

You see them all the time on Facebook, Instagram and Pinterest: subscription boxes. Now, you can receive a monthly box of just about anything: international snacks, high-end makeup, stickers and even craft beer. There’s a subscription box for almost every hobby and personality… but not quite all. A subscription box business may just be the fun side biz (or full-time gig) you’ve been waiting for. Think about items like candles, oils and other consumable items that are prominent in the New Age lifestyle. An even easier and less cost-intensive way to get into the subscription box biz? Try “unboxing” them. One particular family of three, UnboxingRocks, has built a highly-engaged audience on YouTube by opening their favorite subscription boxes on camera, then reviewing the contents with viewers. If building and shipping subscription boxes isn’t quite your thing, then perhaps sharing boxes online is. With these 10 New Age business ideas, it’s more […]

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Why Exploring Absurd Ideas Is Essential to Your Success

By putting mental energy into “ridiculous” notions, we open our minds to real possibilities. January 17, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Consider for a moment this mind-expanding business idea: Our society is increasingly obsessed by what ingredients should be left out of our diet, be it sugar, caffeine, meat, gluten, or milk. So, what if we take this trend to its seemingly logical extreme? It could lead to a whole new way of marketing and consuming food. The concept is to open a sandwich shop chain that offers a single type of very bland sandwiches, consisting only of bread, lettuce and mustard. However, the sandwiches would be divided and displayed in different, tantalizing categories such as “Sandwich without Prosciutto and Parmesan,” “Sandwich without Seafood Salad” and “Sandwich without Eggplant and Avocado Cream.” This would give customers the option to decide exactly which potentially harmful delicacies […]

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5 Simple Ways to Identify Business Ideas That Could (Really) Change the World

Want to come up with a world-changing business idea? First step, think locally. What exactly does your community need? January 9, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. It’s one thing to be able to identify industries and businesses that are poised for major market success. But entrepreneurship requires more than just finding an idea that can make a lot of money. For entrepreneurs to tap into the motivating power that drives lasting success, the ideas they conceive must be powerful enough to change the world through major economic, social or environmental impact. Related: Want a Brilliant Business Idea? Wash the Dishes. If your idea meets that criterion, quite simply, you’ll be far more motivated to get through the entrepreneurial challenges that will follow if your product or services are a force for good. The reason is that it will be something you can truly become emotionally […]

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When “All of the Good Ideas are Already Taken”

If you’re feeling overwhelmed by the amount of niches out there, don’t worry. This post takes you through the niche selection tips you need to get started in your business. Pat Flynn December 17, 2018 In this post, I’m here to share tips to help you pick a niche for your business. And not just any niche—the right niche for you. We’ll cover everything about niche selection including: The difficulty of selecting a niche. Why you shouldn’t focus on a brand new niche. Why better is better in niche selection. The key to niche selection: delivering value to your audience. How to focus on specializing in your niche. Most people tell me that all of the good ideas (or keywords) are already taken, that there is too much competition and no more room left for them. If you feel this way, or you know someone who does, this post will […]

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How to Test a Business Idea Without Spending a Fortune

Use landing pages to validate demand and build a pre-marketing list. August 29, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. Aspiring entrepreneurs are a dime a dozen. Almost everyone has dreamed of following through on a business idea they’ve been nursing for months or years, especially when Monday mornings roll around. But then reality hits, and they’re reminded of all those grim statistics about how most new small businesses don’t last long. Why do they fail? It’s not because they didn’t have thousands of dollars in the bank to invest. Nor is it because they weren’t buddy-buddy with some hotshot VC with lots of connections. It’s because they didn’t test their business ideas before launching — just because you can start a business in almost anything doesn’t make it logical to do so. It’s true that you don’t need a “good idea” like Uber or […]

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7 Audacious Startup Ideas That Eventually Became Wildly Successful

Rocketships. An online bookstore. The ‘Pet rock.’. What crazy idea do you want to pursue? June 4, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. Startups often grow in unexpected ways. An idea you thought was a surefire win may turn out to have a weaker client base than you thought; or an idea with significant backing through crowdfunding might not have enough money to keep going. On the other end of the spectrum are startup ideas that sounded crazy when first conceived, but somehow managed to become successful anyway. Related: The 10 Best New-Age Business Ideas You Haven’t Heard About Yet Take inspiration from these examples: 1. The Pet Rock I’ll start this list with a classic example: the Pet Rock. Back in the 1970s, Gary Ross Dahl came up with an idea to sell rocks to children, under the premise that the rock was some kind […]

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5 Questions You Should Ask to Find Out If You Have a Good Business Idea or a Dud

May 29, 2018 6 min read It’s frustrating to watch: So many innovative individuals and teams come up with new business ideas, yet struggle with how to screen the good ones from the not-so-good ones and articulate their concepts to potential customers, investors or partners. As a consequence, good startup or new product ideas too frequently fail to see the light of day. Related: 6 Entrepreneurs Share the Bad Idea That Led to a Success For innovators, what’s often missing is simply knowing what questions to ask and how to go about addressing them. That’s why there is tremendous value in taking the time early on to clearly define, screen and communicate a new business concept. I created the “Launch Lens” framework to do just that. Developing the Launch Lens has been an iterative process. Personal entrepreneurial experience combined with more than 15 years’ worth of teaching MBA students at the University […]

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How to Avoid Wasting Time on Dead-End Business Ideas

Don’t be married to every idea that pops up. April 5, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. If you want to make more money sooner as an entrepreneur, you need to learn how to spot dead-end business ideas and say no to them so you can focus on the good ideas. This is especially important when the ideas are coming from your inside your own head. It’s easy to be protective of your own ideas because they feel like your own children, but you have to learn to be more objective if you want to create something profitable. Related: Need a Business Idea? Here are 55 That’s why I’m about to teach you a process that completely takes your opinion out of the equation. Instead, you’ll have a fast, simple system for discovering the opinion of your market, which is the one opinion that decides […]

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5 Business Ideas You Can Launch from Your Living Room

Through technology, our world has become progressively more interconnected, and has created the potential for hundreds of different business ideas. March 9, 2018 4 min read This story originally appeared on Due Being a successful entrepreneur today is all about generating multiple sources of income. The title “serial entrepreneur” is tossed around with ease because the internet has created an avenue through which we can find endless ways to make a living. Those who diversify their revenue streams will help ensure their chances of success without necessarily overburdening themselves. Through technology, our world has become progressively more interconnected, and has created the potential for hundreds of different business ideas. That said, here are five business ideas that you can launch from your living room.  Online language tutor Services such as Skype that offer free face-to-face communication instantaneously with anyone in the world have created a market for online language tutors. There are countless […]

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