An old friend called me last night saying he is doing fine regardless of the lockdown. However, he is concerned about news that a recession is coming in the coming months.
We ended up having a lengthy discussion on alternative sources of income. That conversation last night inspired this article. Are you looking for a business idea you can start with a little capital? If so, you should check out the ideas below.
1. Mobile Restaurant | Food Delivery Service
Do you know how to cook? Do your friends constantly compliment your cooking skills? If your answer is Yes, you should consider starting a mobile restaurant and food delivery business.
You can cook at home, sell to friends and relatives. You can also promote online to sell your services to a broader target market. Partner with a trusted delivery guy or organization to deliver meals to your customers.
2. Education And Training Service
You can create audio and or video training courses online. Importantly, focus should be on a sector you have some level of expertise in. Without a doubt, you do not need a PhD to be an expert in a particular field.
If you have some experience and the capacity to educate and train others on a concept or subject, you can start today. In addition to this, you can use WhatsApp groups, Zoom, Telegram, premium email newsletters etc. as a means to connecting with your target audience.
3. Sell Your Skills On Fiverr
You don’t need any inventory, or a physical office to sell your services and make money on Fiverr.com. All you need is a great strategy, a strong will, and skill in a particular field.
For example, assuming you are an experienced web designer or graphics designer, you can support a lot of businesses globally with your skills via Fiverr.
4. WordPress Website Designer
Having a website isn’t a luxury anymore, it is a necessity. Indeed, you don’t need to be a professional to design branded WordPress websites. You can learn to design WordPress sites for free on YouTube or on Udemy at a small fee.
Target businesses that do not currently have a website. You will be shocked at the number of businesses that are on social media platforms but do not have a branded website.
5. Fruit Juices And Smoothies Business
People are more health conscious these days. With the growing need to boost the immune system, individuals are beginning to switch from carbonated drinks. It is no longer a big deal to be into juices and smoothies. It has become necessary.
Furthermore, economic downturn hardly affects fruit juice and smoothies consumption. As they are perceived as healthy alternatives to soft drinks.
You can get creative with fruit combinations and recipes. Just like the mobile restaurant business, you can promote your juice business online and deliver using an affordable delivery service.
The Truth About Time Management: It’s Not About Time
We’ve all heard the expression, “There aren’t enough hours in the day.” In truth, we’ve likely all said it at some point. Time management is a struggle for everybody, but especially entrepreneurs, CEOs, and founders.
Interestingly, some people seem to get more out of our 24 hours each day than others. As author Idowu Koyenikan said, the key to making the most of our hours isn’t time management—it’s life management. People who do it successfully balance the things they love with tasks they need to complete to maintain a well-rounded, satisfying life.
To-do lists or any one of the countless books on time management can help you achieve this balance, but things will eventually fall apart unless you make a habit of productivity—and stick to it. This might mean writing down your top priorities for the day or week, using a productivity app, or creating a plan that works best.
The Truth About Time Management for CEOs
When it comes to time management skills and techniques, business leaders are among the worst offenders. This typically happens because of the nature of leadership positions. These individuals are driven by the feeling that they have to do everything or have all the answers. On average, they’re also responsible for a lot: CEOs work 9.7 hours per weekday and spend 79 percent of weekend days and 70 percent of their vacation days working.
Success doesn’t come from adding countless tasks to your calendar and putting in the longest possible hours. It comes from purposeful, intentional work, which means managing your time more effectively to focus on what matters. To get there, business leaders have to reset their time-management expectations.
Only using productivity tools doesn’t lead to better time management—developing concrete time-management skills does.
How Are You Managing Your Time?
While CEOs and business leaders have countless resources at their disposal, they frequently lack time. Here are four steps to improve your time-management skills and techniques to maximize the time you do have: continue reading…
Why You Should Have A Website And Not Just Rely On Social Media
No one could have predicted just how revolutionary social media would be when MySpace started gaining followers in the early 2000s. Even in 2006, when Facebook and Twitter became widely available to the global population, there were still lingering doubts about its longevity and potential as a profit-making vehicle.
In retrospect, it makes sense: after the meteoric rise and crushing fall of the 90s dot com bubble, it was still very much open to interpretation as to whether this new wave of interactive media would be able to survive (let alone thrive) into the future.
We know differently today.
As of early 2019, there were 4.2 billion internet users, of which 3.397 billion were active on social media.
To put this even further into perspective, consider that, on average, every one of those users owns 5.54 social media accounts and spends 116 minutes a day scrolling their news-feeds or chatting with friends.
And those mind-boggling numbers are still growing. Three hundred twenty million new profiles were created between September 2017 and October 2018, which works out to 10 new social media users every second. This figure alone is almost double the average number of human births per second.
That’s right. Social media growth is outstripping the global human birth rate.
You Do Not Own Social Media
We get it. Starting a Facebook page for your small business when you don’t have much working capital seems like a much smarter option than stumping up for a website. Not only is it free, it can also put you in touch with pretty much everybody you’d like to sell to. If you’re a local-oriented biz you can make a point of highlighting your location or some other specific selling point. Continue reading…