Small Business Advice Archives - The Ways To Wealth Personal Finance, Money Management and Investing Thu, 27 Jun 2024 19:31:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://www.thewaystowealth.com/wp-content/uploads/2023/06/cropped-favicon-1-32x32.png Small Business Advice Archives - The Ways To Wealth 32 32 15 Best Businesses to Start in 2024 with Minimal Capital https://www.thewaystowealth.com/make-money/small-scale-business-ideas/ https://www.thewaystowealth.com/make-money/small-scale-business-ideas/#comments Fri, 27 Oct 2023 13:00:00 +0000 http://www.thewaystowealth.com/?p=2166 Great ideas often lead to wildly successful companies. But what exactly makes for a hot new business idea?  According to business expert Richard Koch, it’s about diving into a fast-growing market with the opportunity to become a leader within a fast-growing niche.  This is what Koch calls a Star Business.  For instance, take a booming trend like eco-friendliness, and find a niche within it — say, reusable shopping bags with unique designs. By finding a specific focus within a growing trend, you carve out a space where your business can thrive.  This article lists 15 small business ideas that are […]

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]]> https://www.thewaystowealth.com/make-money/small-scale-business-ideas/feed/ 1 Small Businesses That Run Themselves? Here Are the Best 10 Automated Business Ideas https://www.thewaystowealth.com/make-money/passive-income-business-ideas/ https://www.thewaystowealth.com/make-money/passive-income-business-ideas/#respond Thu, 18 Nov 2021 15:52:38 +0000 https://www.thewaystowealth.com/?p=29924 Looking for automated business ideas or passive income strategies?  This guide details the top 10 hands-off models that run smoothly with minimal ongoing work after initial setup: Follow along as we detail how to systematize these hands-off business models to run smoothly on their own with minimal input needed from you once set up. What Makes For a Great Automated Business Idea? We define a passive income business as the ability to earn money today and in the future for work that you’ve done in the past. In other words, your business’s ability to generate revenue doesn’t depend on you […]

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]]> https://www.thewaystowealth.com/make-money/passive-income-business-ideas/feed/ 0 10 Recession-Proof Business Ideas That Are Easy to Start https://www.thewaystowealth.com/make-money/recession-proof-businesses/ https://www.thewaystowealth.com/make-money/recession-proof-businesses/#respond Thu, 22 Apr 2021 20:16:27 +0000 https://www.thewaystowealth.com/?p=26575 If the unpredictability of business ownership concerns you, a recession proof business could be the right choice. Economic changes and fluctuations impact some types of businesses more than others.  It’s possible to build a business that won’t be crushed by recessions or economic downturns, but you have to know the types of businesses that can survive in those economic climates. One common myth is that recession proof businesses can’t or won’t succeed in a strong economy. But recession proof businesses can be profitable when the economy is strong. Alternatively, maybe you feel there is a recession ahead, and you’re looking […]

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