There are many people who want to become a successful entrepreneur like Bob Parsons, the founder of Go Daddy. However, they are not sure what field to start a business in. Choosing the right field is an important decision because some fields have a much higher rate of success for aspiring entrepreneurs than others. The following is a list of possible careers for people who want to get out of the nine-to-five rat race and go into business for themselves.
1. Online business
The amount of online business possibilities are practically limitless. Starting a business online enables you to work from home. This will give you more time to be with your family. If you want to start a business that sells a specific product, try to make it a product that you are very knowledgeable about. You should also hire the best people possible to design your site and keep it running smoothly, unless you are capable of doing these things yourself.
2. Service industry
If you are looking for a business to start for a small initial investment, a service industry business is your best bet. For most companies, payroll is their biggest expense. However, service industry companies only pay their employees when they are actually on the job. This means that your client will be paying you money while you are paying your employees. Therefore, you should not experience a negative flow of cash if you are running one of these companies. When your employees are getting paid, you will also be billing your client at the same time. The service industry is great for people who are strapped for cash and don’t want to take out a small business loan.
3. Social media counselor
If you spend way too much time talking to your friends on Facebook and Twitter, why not put your social media skills to good use and make some money while you are at it? With the emergence of the importance of social media in the world we live in, many companies are hiring social media counselors to teach their employees the best ways to utilize this type of technology. There is no college degree required for this type of work. You basically just need to know all of the ins and outs of social media, especially as it pertains to the companies you are counseling.
4. Marketing and PR
There are currently a wide variety of opportunities for people to take advantage of in the marketing and public relations fields. People are given the creative freedom to customize the types of services they offer to their clients. While you can have a plan when you enter these industries, it is important to be able to adapt to what certain companies are asking for. The most crucial thing is to keep yourself in demand. This means providing the widest variety of services possible.
5. Cloud and software services
The demand for both of these services shows no sign of slowing down any time soon. In fact, the demand is increasing every day. These are both excellent industries for entrepreneurs to start a business in. A large initial investment is not required. Also, the risk factors are minimal compared to many other industries. Another advantage is the fact that this industry is currently one of the least regulated. There is no shortage of investment capital, if you know where to find it.