Small Business Management Case Studies: Real-Life Insights

Enroll your card for free today and save on business solutions, travel, office essentials, and fuel. Dive into the details that make a business sustainable, from making sure your business is set up properly to preparing for the long term. The “Plate” as it’s known, started decades ago as a meal to cure an impending hangover.

To begin, use a platform such as TripAdvisor or Airbnb, where you can sign up as a tour guide provider. Remember to launch a website, and to file for sole proprietorship status. Sure, you’ll need to conduct plenty of research to be able to do the job well, but that’s half the fun. Set yourself apart by offering tours that speak to a specific niche of your community’s history.

These ideas are ideal for those looking for a passive income stream. In other words, you shouldn’t need to do too much manual work to launch these businesses from your home or preferred business location. If you grew up in a close-knit, southern neighborhood, you’re probably familiar with the “Candy Lady”. This home business can be started by anyone who’s trustworthy in the community. Aside from selling the most popular snacks, a candy seller can provide the neighborhood with fresh fruit and produce that may be harder to find if you live in a food desert. To get your first home staging clients, you should first rely exclusively on networking.

Commercial Banking provides businesses with annual revenues ranging from $20 million to more than $2 billion with a range of domestic and international solutions including investment banking and asset management — designed to help you achieve your business goals. In addition to our support of small business development the SBDC is also accredited to provide intellectual property and technology commercialization assistance to businesses in the technology industry. The Office of Communications Business Opportunities provides Internet links to information about government agencies and private organizations that have educational resources and tools related to cybersecurity. The descriptions and links below are for informational purposes only.

Office of Small Business

If starting your own business seems daunting or too much of a risk, you can always use your car to become a rideshare driver. The overhead and responsibility of running the company fall on the rideshare service, giving you the freedom to work as much or as little as you want. Rideshare applications such as Uber and Lyft allow people to start side hustles that pay well and require little more than a willingness to drive people to their destinations and make occasional friendly conversation. Food trucks come in all shapes and sizes, serving up a wide range of snacks and cuisines.

Just moving an item from a table to the top of a bookshelf might get it noticed, even though the item has been in your inventory since you first started having sales. One way to make money in this field is by being an expert witness yourself. If you have expertise that could be useful in legal cases, you can market yourself to attorneys to act as an expert witness. Another way to be active in the expert witness field is to play a sort of matchmaker, matching attorneys up with expert witnesses for their cases–either for the defense or for the prosecution. Expert witnesses for big money cases can be expected to fly anywhere to testify.

Business Resources

And chances are, they’ve already put some thought into their social media presence. By taking a look at what they’re doing, you can not only get some ideas for your own strategy, but you can learn what’s working well for them and what isn’t. This competitor data is an essential part of creating a successful social media marketing strategy.

To start this business, you must be comfortable with face-to-face contact and with manual labor. If there’s a topic you have a heavy interest in, then there’s an audience out there with a heavy interest in it too. A blog can be used to build an online community whose engagement can be monetized. Affiliate marketing, sponsored content, and co-marketing are some ways to make money once your blog develops a following. Once you understand how the industry works, you can consider opening your own small transcription business and offering services on freelancer marketplaces such as Fiverr or Upwork.

Federal government contracting

Sign up for updates on the ways we are using our expertise, data, resources and scale to open new pathways to economic opportunity and drive inclusive growth in communities around the world. A new initiative headed by the Columbus Urban League to support Black and minority-owned businesses will get a multi-million boost in funding from JPMorgan Chase. The Entrepreneurs of Color Fund is providing necessary capital to fuel black- and latino-owned businesses in the U.S. We deliver exceptional service by taking the time to fully understand our clients’ challenges, goals and opportunities. We support research and development of deep technologies – those that are based on discoveries in fundamental science and engineering.

Charge them a monthly or quarterly fee and make it simple for everyone–they don’t have to think about graffiti, and you just do your job. As a solar consultant, you can basically conduct a home inspection and give clients a report on their solar options for their particular home and site. This can range from full-fledged general solar installations that generate electricity to simple solar walkway lighting.

SHOP Coverage

Whether you write historical epics or self-help guides, chances are that there’s a market to read your work, and you can now easily publish it online. Interested buyers typically drive directly to your home for pick-up — but if you’re not interested in human interaction, you can leave it outside and have the buyer pay via an online platform. If you keep the client top of mind when you can’t be around physically, you can ensure that you’re meeting their development needs with your coding work. Turn your passion for fitness into a community for others by creating your own gym — start one from the ground up, become an affiliate, or open a franchise location.

Grants, Loans and Programs to Benefit Your Small Business

Women own 20.8% of small businesses, and the remaining 15.7% are equally owned by men and women partnerships. In the SBA’s Table of Size Standards, you’ll find business size standards for each NAICS industry code. After that, take a look at your budget and determine the type of business you can start based on the resources at your disposal. For instance, you might not be able to afford a physical office or location, so a location-based business will likely not be a good fit. To create a business idea, determine your skill set, work preferences, startup budget, and available resources.

Read more about https://editorialmondadori.com here. (ii) When a business owns more than 50 percent of an Applicant, the business that owns the Applicant is affiliated with the Applicant. (d) “Research and Development” for guided missiles and space vehicles includes evaluations and simulation, and other services requiring thorough knowledge of complete missiles and spacecraft. NAICS Subsectors 333, 334, 335 and 336—For rebuilding machinery or equipment on a factory basis, or equivalent, use the NAICS code for a newly manufactured product. Concerns performing major rebuilding or overhaul activities do not necessarily have to meet the criteria for being a “manufacturer” although the activities may be classified under a manufacturing NAICS code.