There are several reasons why being an entrepreneur is much better than a J-O-B. With the responsibility of running your own business, you also have the freedom to pursue the most financially and personally rewarding avenues. Many Americans today are choosing (voluntarily or involuntarily) to start their own business. Often, this translates to one-person entrepreneurs providing high quality services needed at a low price for cash strapped multinational corporations. This article presents business ideas for aspiring remote entrepreneurs and independent contractors to start now.
If you are interested in getting to the punch line quicker, take a look at our short video providing an overview of our informative article.
2024 Best Remote Job and Small Business Opportunities to Start Now
3 Examples of Successful Remote Entrepreneurs
Sometimes keen individuals make a lucky strike. They find a lucrative niche in the marketplace that has not yet been figured out by the masses. Just look around you. Identify what people need and figure out how to deliver the goods or service in demand. Just look at the following examples:
Squatter Squad: Entrepreneurs working from home helping property owners, small landlords of single family units evict squatters who claim squatters rights. What a great business concept!
Doody Calls: Individual small business owners and independent contractors making house calls of homeowners in need of someone to pick up their pet’s poop. What a wonderful business idea!
1-800-Got Junk: Mobile entrepreneurs traveling to home sites and corporate facilities removing unwanted items and transporting them to local dumping or recycling facilities. It seems like waste removal and trash disposal are where it’s at!
Fresh business ideas aren’t too hard to come by. You just need to keep looking and you will spot an unmet need. We could give more examples of small business owners who work from remote home offices filling unmet needs. So, instead of sitting behind a desk and being told what you have to achieve for the day or for the year, entrepreneurs working virtually are free to set their own goals and objectives. No more time spent working on projects that don’t give you the job satisfaction or improve your quality of life.
When you’re an entrepreneur, you get to set the goals, you get to choose the direction your business takes and which projects will be the best fit for your endeavor. Because you will be the one to know your company best, achieving your goals will not only feel financially rewarding but will also be personally rewarding as well.
99.9% of Businesses in the US are Small Businesses
So who’s making the switch from working in an office for a large corporation or government entity to working remote as a freelancer, independent contractor or entrepreneur?
Forbes cites US Small Business Administration data demonstrating that 99.9% of all businesses in the US are small businesses. A full 80% are one-person operations of about 61 million workers. Almost 46% of the total number of employed persons in the US work in small businesses as solo-entrepreneurs! To grasp the enormity of the statistics, less than 20% of all small businesses operating in the US employ more than one person. Said another way, for every 10 small business currently operating, 8 of them operate with no additional employees.
Timing is Ripe for Remote Entrepreneurs and Independent Contractors
This may mean one of two things:
- The owner operator manages, provides the goods and services alone.
- The owner operator manages the business and uses independent contractors to supplement work (on demand) when it is necessary.
Both of these scenarios paint a rosy picture for anyone thinking about opening shop, rather than seeking full time employment.
Advantages of Remote Entrepreneurship
There are many advantages to starting and operating a remote online business. In addition to getting to decide the direction your business heads, you’ll also be cutting down on the time it takes to get back and forth to work. For many people, their daily commute represents a time that could better be spent on other activities like connecting with new clients and working to build their company’s brand, both of which are essential to having a successful business. For entrepreneurs working at home, the longest commute is from the shower to the computer (or laptop) freeing up valuable work time.
Other posts of interest:
Work at Home and Remote Work Networking Success
Time management creates success for remote entrepreneurs
Outsource to grow your small remote business
Setting up your remote freelancing gig
One of the most exciting work-at-home perks is the flexibility it offers you. When you run your own business, you don’t have to worry about being put on the schedule for holidays or family birthdays. If you don’t feel well yourself, you don’t have to go into work or beg your boss to stay home or get docked in pay.
When you work at home, you don’t have to clear it with your supervisors if you need to leave work early to pick up your sick child. You don’t have to work hours that someone else specifies.
Your schedule is completely your own. If you’d rather work in the wee hours of the night so you can spend more time with your loved ones while they’re awake, then you’re free to do so. When you work at home, you can be as free as you wish without worrying you’ll lose your job.
Another perk is the stability that comes from working at home. In this economy, even the most dedicated employees sometimes find themselves being let go. But when you work from home, you never have to worry about being fired or downsized because you’re the boss.
Running your own business allows you the freedom to change directions, work your own hours, avoid the frustrating commute and the knowledge that you never have to worry about being laid off again. Plus, it’s so much more exciting building something yourself and seeing it take off than working for someone else to build their business.
Demand for Entrepreneurial Personal Care, Home Health and Consulting Surges
If the information we have provided hasn’t yet piqued your interest in becoming an entrepreneur and starting your own mobile remote business, perhaps this fact will get you going. Perhaps the sector with the highest projected opportunities for the entrepreneur and remote business person is in the home health and personal care. Forbes, again looking at statistics from the US Small Business Administration, estimates an increase of 22% the number of opportunities for about 804,000 new jobs. Though the article states j-o-b-s, in our mind we believe the window has opened for ripe opportunities for the remote entrepreneur to exploit. Why?
This information could be helpful to you:
Level up your freelance business
How to run your own business as a digital nomad
Digital nomad making money online
Getting back to the examples we shared at the beginning of the article where opportunities were found for:
removing squatters
picking up pet waste
removing junk
Can you spot the trend? Demand is ever surging for homeowners who are getting older, are too busy to handle mundane tasks, or are too wealthy and privileged to take care of the dirty work that can be outsourced to others. So aspiring remote entrepreneurs, hop to it!
