SMALL BUSINESS IDEAS FOR 2011

Starting and Running a Small Business

    Decide exactly what you want to do. Choose a low-cost business model in which you will not need big money in the initial stages of the business.
    Make sure that the demand for your product is continuous as many small businesses are badly affected in case of drop in demand during a phase like recession.
    Seek proper counseling from experts in the field to avoid any major mistakes which can ruin your business prospects.


    Make a provision for finance by approaching the lenders with a well prepared business plan.
    Hire good and efficient staff to ensure utmost customer satisfaction and to get better reviews for your products or services.
    Address customer queries immediately and be very approachable to create a good impression in the industry.

Now, that you are aware of how your approach should be for running a successful small business, we'll go through some top small business ideas for 2011.

Small Business Ideas

Online Business
One of the ideal business ideas for 2011 for beginners would be to take advantage of various online business opportunities. By doing online data entry and online paid survey jobs, you can earn money per hour for your work. The more accuracy and consistency you show in your job, the more work you will get. Online tutoring is also emerging as a great opportunity for people trained in teaching professional courses. You can also get creative writing, technical writing and article writing jobs online and make good money without heavy investments.

Catering Business
The catering business has emerged as one of the finest business ideas for beginners. If you have good cooks at hand, or you are yourself well versed in this art, then getting orders from corporate clients, for parties and other functions like birthdays and anniversaries becomes easy. With increased contacts and clients, you will see a decent growth in your business turnover and net profits.

Event Management and Planning
Event planning and management can be a good option for a small business. Event planners have to organize a particular event by taking into consideration the suggestions given by their clients. This job requires creativity, patience and ability to get work done from people on time. You can achieve success in this business if you can build a good team of dedicated and creative professionals to organize events under your leadership.

Stock Trading
For people who have good knowledge of the stock market, starting their own stock trading firm would be a good idea. The best apart about this business is that there is no requirement of field capital and you can start off with a very small amount initially. As you gain confidence and start making good profits, you can re-invest the money for better returns.

Software Solutions Company
With the revival of growth in the information technology sector, there are plenty of business opportunities here. Companies belonging to almost all sectors need advanced software to run their business in an efficient way. In order to start a software firm, you need to have quality staff and be able to manage costs effectively. Your earnings will rise steadily with increase in your clients base.

Holiday Resort and Spa Chain
A holiday resort and spa business can be very profitable if you have a smart business plan and the capacity to maintain good customer relations. By providing quality services, you can have many permanent customers which can guarantee stability.