5 Easy to Start Business Types

Are you looking to start your own business, but not sure what type of business to start? There are many different types of businesses that you can choose from, and each has its own unique set of benefits. In this article, we will discuss five easy-to-start business types and their associated starting costs, including insurance.

Bounce house business

If you’re looking for a fun and easy business to start, a bounce house business could be the perfect fit! Not only are bounce houses a ton of fun for kids and adults alike, but they can also be quite profitable. But what are the starting costs for a bounce house business?

Generally speaking, the biggest expense for a bounce house business will be the actual bounce houses themselves. Depending on the size and quality of the houses, they can range in price from a few hundred dollars to several thousand. You’ll also need to factor in the cost of insurance, the average bounce house liability insurance cost is $42 per month and $500 per year, according to Insuranks. Other start-up costs may include things like marketing materials and website design federal Tax are mentioned below.

  • The average cost for a business plan is around $200.
  • The price to form a legal entity depends on the state, but it averages around $100.
  • Federal and state taxes will need to be filed, which can cost between $50 and $600.
  • There is no set cost to open a business bank account, but some banks may charge monthly fees.
  • Accounting software can range in price from free to several hundred dollars per month.
  • Depending on the type of business, permits, and licenses can cost anywhere from $50 to $5,000.
  • Business insurance rates will vary depending on the type of business and the coverage desired, but the average cost is around $500 per year.

House cleaning or cleaning service

Cleaning houses is an excellent company to start if you want to be your own boss and establish your own hours. Cleaning services are provided to both homeowners and businesses. You may start this business with little money and build it by using online directories and word-of-mouth to locate new clients. According to HomeAdvisor, the average hourly charge for house cleaning is $25.

Starting a housecleaning or cleaning service business is an excellent method to earn money while also assisting people in keeping their homes clean and tidy. However, as with any business, there are a few things you should do to get things off to a good start. This step-by-step Cleaning services: Do you know any busy, single professionals in your area? Why don’t you approach them and offer to clean their homes for a fee? You’d be shocked at how quickly this company can expand.

  • Licenses and permits: $100 to $500 to register as a limited liability company.
  • Insurance: The cost of a small service business is low; you can spend anything from $500 to $3,500 each year.
  • Cleaning equipment and products: $300 to $600 depending on the type of tools.
  • High-quality vacuums can cost $200 to $300, $10 for several large all-purpose cleaning solutions, $10 for a broom, $20 for a mop, and $20 for dusting supplies.
  • Advertising: $100 to $200 for print and online marketing.
  • Labor: Roughly $12 per employee, per hour.

Pet sitting or dog walking

If you’re looking for a business that’s relatively easy to start and doesn’t require a ton of money, Starting a pet sitting or dog walking business is a great option for animal lovers who want to be their own boss. The best part is that you can start this type of business with very little upfront cost – all you really need is some basic supplies (leashes, dog food, bowls, etc.) and a little bit of marketing to get started.

As far as insurance goes, you’ll need to make sure you have liability coverage in case any accidents or injuries occur while your clients’ pets are in your care. The average cost of starting a pet sitting or dog walking business is between $200 and $1,000. This includes the cost of supplies, equipment, and any other necessary startup costs. Additionally, you will need to factor in the cost of insurance, as this is often required for any business that provides services to customers. Depending on the size and scope of your business, you may also need to pay for additional licenses and permits. The total cost of starting a pet sitting or dog walking business will vary depending on your specific circumstances.

  • LLC or DBA — $15 to $800
  • Bank Account — $0 to varies
  • License: usually costs between $100 and $200.
  • Organizations for Professionals — $0 to $300
  • Insurance — $ $49 per month to 500$ per year
  • Website — $15 to $50
  • Marketing Documents — $15+
  • First Aid Class for Pets — $50 to $200

Consulting business

Consulting is a broad term that can encompass many different industries. Basically, consultants provide advice and guidance to businesses in exchange for a fee. Consultants can work in a variety of industries, such as marketing, human resources, and financial planning. If you have experience in a particular field, you can start a consulting business with little investment. The average hourly rate for consultants is $100 according to HomeAdvisor.

  1. Choose your niche. When starting a consulting business, it’s important to choose a niche that you’re passionate about and have knowledge in. This will help you attract clients who are looking for someone with your expertise.
  2. Create a business plan. A business plan will help you map out the steps you need to take to start and grow your business. It will also give you an idea of what your costs will be and how much revenue you can expect to generate.
  3. Get insured. Consultants are often liable for the work they do, so it’s important to have liability insurance in place. This will protect you financially if something goes wrong with a project you’re working on.
  4. Find clients. Once you’ve got your business up and running, you’ll need to find clients. There are a few ways to do this, including networking, cold-calling, and marketing your business online.
  5. Stay organized. As a consultant, you’ll likely be working on multiple projects at once. Staying organized will help you keep track of deadlines and deliverables, and make sure you’re meeting your clients’ expectations.
  • The total cost of incorporating a firm is $750.
  • The insurance, permits, and licenses budget is $2,500.
  • A 6-month rent on a business center office building (Re-Construction of the facility included) costs $40,000.
  • Equipment for office (computers, printers, fax machines, furniture, phones, filing cabinets, safety gadgets and electronics): $2,000
  • Company’s Official Website: $50 to 500$
  • Utility Bill expenses for 3 months: $10,000 Additional Expenditure (Business cards, Signage, Adverts, and Promotions) $2,500
  • Miscellaneous $1,000

Online courses.

Online courses are a great way to share your knowledge with others and earn an income. You can create courses on just about any topic, from cooking to business administration. The average course price is $99 according to Teachable.com. You can start this business with little investment and grow it by finding new students through online directories and word-of-mouth.

The starting cost of an online course selling a business can vary depending on a number of factors, such as the type and quality of courses offered, the size and scope of the operation, and the marketing and advertising budget. However, there are a few basic costs that are typically associated with starting this type of business. Online courses cost anywhere from $50 to $200, but the amount will vary based on your area and the type of education you’re looking for. Here are a few things you should know:

  • It’s important to be an expert on the topic you choose to teach.
  • You’ll need to create high-quality course materials.
  • You’ll need to promote your courses.
  • A website or blog dedicated to your business.

overall you can start this business with a sum of 2000$ to 5000$ for the courses, advertising, website design, and some other incidentals. Insurance for this type of business will depend on a number of factors,

  1. Equipment ( laptop, microphone camera) 350$ to 3000$
  2. software expenses: 100$ to 800$
  3. Office space expenses depend on whether to use a Rental office or work from home.
  4. Utility bills ( internet wifi electricity) 500$ to 1000$
  5. Traning ( learning new skills) 100$ to 350$
  6. Advertising & Marketing Costs 10$ to 5000$

You can expect to pay around$150 to $5000 per year. If you’re planning on hiring any staff, you’ll also need to factor in their salaries. For a small operation, you can expect to start with a team of two or three people. This business can be run with very little overhead, which makes it an attractive option for those looking to start their own business. With the right marketing and course offerings, this business has the potential to be very profitable.

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Printable version | Jun 17, 2022 9:15:44 pm | https://www.thehindu.com/brandhub/pr-release/5-easy-to-start-business-type/article65425398.ece