Are you thinking about dropping your nine-to-five routine and starting your own business? If so, the first idea that may come to your mind is what your business project will be about.

Maybe you just want to start a side hustle to earn extra income. The Internet has opened up countless new revenue streams to just about anyone with an Internet connection.

Entrepreneurship is open to anyone. All you need is the right skills and attitudes and a tiny bit of startup cash, and you can easily create a profitable business.

For example, you might start an affiliate marketing blog or resell items online.

Whether starting a low-investment business or a medium-sized one, entrepreneurs find it difficult to find entrepreneurship ideas. From artistic businesses to product sales, here are ten entrepreneurship ideas and some tips to apply them.

Entrepreneurship ideas featured image

Launching a successful small business or startup begins with finding the right opportunity. This article profiles 10 top entrepreneur ideas for 2023 based on factors like startup costs, profit potential, and lifestyle appeal.

Definition of Entrepreneurship All You Need to Know

What Makes Great Entrepreneurship Ideas?

The best entrepreneurship opportunities are ideas you can quickly get up and running without much of an initial investment. This could be a service or a product-based business where you can quickly move stock.

Entrepreneurship Ideas Skills infographic
Entrepreneurship requires a wide skillset. Image credit:

The key here is to consider what skills you already have.

For example, you might start a blog or a freelance writing business if you have strong writing skills. If you have a lot of experience in business, you might go into consulting or coaching.

Alternatively, you might have a field that you’re passionate about. For example, you could be into a certain sport or music. In this case, you can look for opportunities to grow your income within this niche.

1. Career Coaching

Do you want a job where you can change people’s lives? Do you like the feeling when you experience a positive influence on those you deal with? Maybe you should consider career coaching. Career coaches are outstanding talkers and charismatic people.

There are many people out there struggling to find a job. Some fresh graduates are lost and trying to discover what they are good at.

In addition, many mid-senior employees aim for a career shift and do not know where to start. You can be the one to help them find their path. Career coaching is a great idea for those who do well in building communities.

2. Online Retailing

There is something very attractive about making sales. For some, it is their natural gift to sell things. Why not take your store to the digital world? Online shopping is growing rapidly; some big names are closing their stores and shifting to online shopping.

This is easy to explain. People are busier now than they were twenty years ago, so it is a lot easier for them to order online. Establishing an online shopping business can be a great idea. All you need is a website and some marketing skills.

You can easily develop your digital marketing skills and understand how to succeed in ecommerce.

These days, dropshipping is a popular way to do this. Essentially, this is when you sell items online without ever handling them. Instead, you create an ecommerce store and devise an arrangement for wholesalers to ship directly to clients.

Dropshipping stats entrepreneurship ideas
Dropshipping is popular across a range of different niches. Image credit: GrandViewResearch

3. Event Planning

For multi-taskers and those who like to be outside making things happen. Event planning is a great option. You can be an amazing event coordinator if you can meet your client’s demands, have a detail-oriented personality, and enjoy organizing parties.

Individuals, corporations, schools, and even churches need event-planning services; finding clients will not be difficult. However, you must be unique and distinguish yourself from other businesses through punctuality, commitment, and organizing quality events.

Alternatively, you can easily start hosting theatre or music events. You only need enough startup capital to rent a venue and promote the event. Then, you can use ticket sales to pay the artists and keep the remainder.

4. Home-Based Food Services

Are you one of those who spend hours bragging about how good their food is? If you spend hours looking for new recipes to try in your lab online, why not turn your passion into a money-making business?

This is a low-investment business that can target endless kinds of customers. Everyone needs to eat. Employees, busy housewives, children, and even seniors love to grab an easy, delicious meal.

Moreover, this can be your first step towards owning a restaurant. You can surely grow your business if more people love eating your food. An accomplished business idea is that you can grow and develop. Home-based food services is absolutely one of those.

Alternatively, you might choose to start delivering food to restaurants using a service like Just Eat or Deliveroo.

5. Virtual Assistance

All corporate and business owners need secretaries. Nowadays, this job can be done online. You can start a small company where you can offer administrative services to busy CEOs and companies.

Actual tasks may include answering phone calls, replying to emails, arranging appointments and meetings, or data entry. You will need to hire a good team who can handle these tasks. Organisation and accuracy are crucial to the business of virtual assistance.

Entrepreneurship ideas VA salary
Experienced virtual assistants can command high salaries in many countries. Image credit: OfficialBryanGrey

6. Online Teaching

It seems that teaching will never go out of fashion. Private tutors and online educators are in high demand. A good idea for a start-up business would be to establish a teaching centre where teachers of different subjects can offer their help to clients.

The best thing about teaching is its flexibility. It can be done online, privately, or in an educational centre.

Your target market includes a variety of age groups. There are also endless subjects that people want to learn about. The subjects may be academic, such as languages or mathematics; artistic, like painting or music; technical, such as coding; or even developmental, like soft skills. You could also teach life skills, as these are hard to come by for some adults. For example, you could teach a person how to cook, how to compare jumbo CDs and other financial products, or how to iron a shirt.

There are countless platforms where native speakers can make money teaching online.

7. Social Media Consulting

We spend hours on social media for nothing in return. You should start a small social media agency if social media is your expertise. As mentioned earlier, digital marketing is a must nowadays.

Many start-up businesses, or even established ones, hire digital marketing agencies to help them build a fan base online.

Social media is one of the most popular digital marketing channels; handling a business account on social media can be financially rewarding, depending on your profile.

Luckily, this is an area of development. You can always learn more about social media and digital marketing.

Just about every business these days wants to have a social media presence, but they might not have the time or expertise to achieve this. They’ll often hire anyone who’s a strong writer or has basic image editing skills to manage their social channels for them.

8. Design

If you have an artistic side, freelance design work can be lucrative.

There are all types of design. These include interior design, fashion design, graphic design, mobile app design, web design, and logo design. Select the field of design that matches your background experience and your interests.

Do not go for fashion design if you have a good technical background knowledge. Online courses can be beneficial to mastering any type of design.

9. Fitness and Nutrition Consulting

Due to our modern lifestyle, obesity is becoming a threat to many. People are more aware now about the importance of a healthy diet. You can make money if you can offer nutrition advice and provide clients with custom-made nutrition plans.

Gym freaks can be great online personal trainers. Yes, you read that right: online personal training exists. Your online fitness programs may find clients across the globe. Furthermore, this is another area of development.

Your business can grow to become a fitness centre; who knows? Getting a nutrition or fitness training certificate will surely make your business look more professional and credible.

Entrepreneurship ideas online fitness coaching
Online fitness coaching is now the norm and brings great opportunities. Image credit:

How to Make the Most of Entrepreneurship Ideas

Whether or not you choose one of the ideas mentioned here, the best advice would be to choose an idea you are enthusiastic about. Many people may not know this, but running a business is harder than a regular job.

It requires more commitment, and you must invest more time and effort. Choosing an entrepreneurship idea that you are enthusiastic about will keep you going when you face challenges. Studying and planning are two major keys to succeeding as an entrepreneur.

Without studying and working on yourself, your business will go nowhere. Finally, a golden tip is to begin small and then develop your business gradually. This will make your business grow slowly but steadily.

10 Entrepreneurship Ideas – Business Ideas
  • Small businesses make up 99.9% of all U.S. firms and employ 47.3% of workers (SBA Office of Advocacy)
  • Top startup funding sources include personal/family savings, bank loans, crowdfunding platforms (Fundera)
  • Most profitable small business industries include consulting, food trucks, ecommerce, and IT services (Forbes)
  1. Consulting Business

Consulting leverages your experience and expertise to provide business advisory services in marketing, HR, IT, and operations.

Startup Costs: $2,000 – $10,000 Target Customers: Small businesses and startups seeking specialized guidance. Competition: Medium Marketing: Content, referral partnerships, social media Revenue Potential: $50k – $250k+


  • Low overhead
  • Flexible schedule
  • Variety of services to offer


  • Need expertise in high-demand field
  • Income relies on securing consistent clients
  • Must be self-disciplined

“The key to success is building a reputation of expertise people are willing to pay for.” [Quote from successful consultant entrepreneur]

  1. Food Truck Business

Food trucks provide an inexpensive way to launch a culinary business with a loyal fanbase.

Startup costs: $50,000 – $100,000 Target customers: Hungry office workers, weekend crowds, events. Competition: High Marketing: Location, social media, events Revenue potential: $100k – $250k+


  • Lower cost than a restaurant
  • Build a loyal following
  • Flexible to relocate


  • Need permits/licenses
  • Weather reliant
  • Time spent on logistics

“Focus on a speciality food and build a social media brand around it.” [Quote from food truck entrepreneur]

table summarizing 8 additional entrepreneurship business ideas:

BusinessDescriptionStartup CostsRevenue PotentialKey Notes
Ecommerce BusinessOnline retail business selling products through a website and marketing via social media and digital ads$2,000 – $10,000$50k – $500k+Low costs, flexible hours, and strong technical expertise
Tech Support BusinessProvide technical support and consulting for consumers and small businesses with computer issues$2,000 – $10,000$50k – $250kLow costs, flexible hours, need strong technical expertise
Graphic Design BusinessResidential and commercial cleaning provides basic services like mopping, dusting, vacuuming$500 – $5,000$30k – $150kLow costs, remote work, need design skills and marketing
Web Design BusinessBuild and design websites and online platforms for clients$2,000 – $5,000$50k – $250kLow costs, work remotely, web development skills required
Cleaning BusinessOffer one-on-one and small-group personal training and fitness coaching$2,000 – $5,000$50k – $250kLow costs, flexible hours, need cleaning supplies
Personal TrainingResidential and commercial cleaning provides basic services like mopping, dusting, vacuuming,$2,000 – $5,000$50k – $120kFlexible hours, low costs, need fitness qualifications
Photography BusinessProvide photography services for portraits, events, social media, products, real estate$2,000 – $10,000$40k – $150kNeed photography equipment and skills, flexible work
Resume Writing ServiceWrite, edit, and optimize resumes and cover letters for job applicants$500 – $2,000$50k – $120kLow costs, remote work, need strong writing skills

Entrepreneurship Ideas Frequently Asked Questions.

Q: What are the easiest businesses to start?

A: Low-cost service businesses like consulting, graphic design, and resume writing have low startup costs and flexible hours. An online ecommerce store is easy to set up.

Q: How much money do I need to start a business?

A: Most successful businesses are started with $10,000 or less. Startup costs vary widely by industry, from $500 to $100,000+.

Q: What is the most profitable small business?

A: IT and marketing consulting services often have the highest profit margins. Food trucks have high growth potential. Web design, cleaning services and ecommerce can also be highly profitable.

Q: Should I start an LLC or other business entity?

A: Forming an LLC or corporation protects your assets. As a sole proprietorship, you’re exposed to more liability. Consult a lawyer on the best structure.

Q: How do I come up with a business name and brand?

A: Choose a name that communicates your key services and differentiators. Check availability. Align branding visually with your personality and offerings.

Entrepreneurship ideas Conclusion

Choosing an entrepreneurial idea suited to your skills, interests, and lifestyle can lead to a rewarding, profitable business. Narrow your focus on an in-demand field where you have the expertise to provide value customers will pay for. Minimize upfront investment by starting lean and scaling up over time.

Do thorough market validation and create a solid business plan. With dedication and savvy execution, you can build a sustainable venture doing what you love. Consider your abilities and passions to determine which of these ten entrepreneur ideas best match.

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