Small

The 50 Best Small Business Ideas for 2020

If you’re trying to find the small business idea that’s right for you, ask yourself the following questions:

  • What are your interests?
  • Where is there a need in the market, and how can your skills satisfy that need?
  • Who is your ideal client?
  • What is your ideal work environment?

If you have an answer to all those questions, then you may be ready to start a small business. But if you need a little inspiration, take a look at this list of the 50 best small business ideas for 2020.

50 Best Business Ideas for 2020

These 50 small business ideas suit soon-to-be entrepreneurs in a range of industries, and with a variety of interests. So, if you’re qualified to start a small business in any of the following fields, you just might find some serious success by striking out on your own.

1. Accounting and Bookkeeping

Are you a

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Guide for Big Data, Business Intelligence & Analytics for Small Business

business intelligence for small business

In the past, business intelligence was a privilege of large companies who could afford to maintain teams of IT specialists and data scientists. But in the last decade, as technology has developed rapidly, the software has become not only more lightweight and powerful but also more accessible. Small businesses can use the same tools as main market players and face their competitors. New self-service tools prove that business intelligence is no rocket science but rather a useful tool to help to turn data into informed decisions. Now every company can harness the power of modern BI software to raise their bottom line since business intelligence for small business has become accessible and affordable. But what exactly makes business intelligence indispensable?

To get started in this journey, it is essential to know that BI can be adapted to any business model or industry. We have seen in our other blog posts,

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A Basic Accounting Tutorial for New Small Business Owners

Accounting TutorialImagine owning your own small business and doing something you’re completely passionate about. Imagine generating your own income being your own boss. Being an entrepreneur is the dream of many people, and having a successful business depends on several factors such as quality in goods or services, effective marketing strategy, and healthy customer relations. All of those factors influence what is perhaps the most important indicator of a business’s success: profitability. When you think about a business’s profitability, you have to think about the money your business brings in and the money your business spends. It’s important to keep track of your company’s finances because your business will never be sustainable financially if you’re not aware at any given moment of where your business is financially. If you’re not a business owner now, but you’re interested in starting your own business, this course will walk you through the process of

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Are Entrepreneurs Born or Made? – Business – Small business – Entrepreneur.com

It’s an age-old question: Are entrepreneurs a special breed, born
into this world with a drive and need to succeed that most of
humanity lacks, or can they can be created through education,
experience and mentorship? We spoke to two academics who have
strong opinions on the matter.

That question has taken on urgency recently. In the past five
years, multiple studies have indicated that there may be an
“entrepreneur gene”–or at least that people with certain genetic
characteristics and personality traits are more likely to be
successful entrepreneurs than others. In his 2010 book Born
Entrepreneurs, Born Leaders
, Scott Shane,
professor of entrepreneurial studies at Cleveland’s Case Western
Reserve University, suggests that genes don’t just influence
whether a person will start a business; they may even determine
how much money a person will earn. In other words, some people
are born to be alpha wolves, and

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The first 5 steps entrepreneurs should take to start a small business

  • You have a great idea for a business — now you just need to launch it.
  • Business Insider spoke with four business owners and experts to learn the best steps to take to build your company from the ground up.
  • These include figuring out how to structure your business — whether it’s a partnership or LLC, for example — as well as registering your business’ name and obtaining an employer identification number.
  • Next, you should open up a bank account specifically for your business and implement a cloud-based bookkeeping system.
  • Click here for more BI Prime stories.

You’ve come up with a brilliant idea for a product or service. You’ve done your research and identified your audience as well as your competition. Perhaps you’ve created a business plan, which is a smart move if you’re hoping to secure financial backing. 

If you’re ready to take the leap and launch your

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Small Diverse Business Contracting | Department of General Services

The Commonwealth maintains a strong commitment to providing opportunities for small businesses to compete for prime contracting opportunities with the goal of promoting the economic growth and success of small businesses.

ELIGIBILITY REQUIREMENTS

Businesses interested in participating as a small business in the Small Business Contracting Program must first register to do business with the Commonwealth and self-certify as a “small business.” To self-certify and participate as a Small Business, a business must meet each of the following requirements:

  • The business must be a for-profit, United States business.
  • The business must be independently owned.
  • The business may not be dominant in its field of operation.
  • The business may not employ more than 100 full-time equivalent employees.
  • The business may not exceed three-year average gross revenues of $38.5 Million, regardless of business type (effective 11/1/2018).

Businesses will be required to upload the first page of the company’s three most recent federal

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Business Insurance & Small Business Insurance Quotes : Farmers Insurance

Additional business insurance options to consider

You can also explore coverage options with these handy “cheat sheets” that outline industry-specific insurance options for businesses like yours.

Apartment – For owners of small apartment buildings, large apartment complexes and everything in between.

Auto Service and Repair – For owners of shops that specialize in collision repair, oil changes, transmission repair and more.

Commercial Real Estate – For those who own office buildings, retail shopping centers, industrial parks, warehouses and self-storage facilities.

Education and Non-Profit – For organizations including schools and civic groups.

Home and Building Service – For independent contractors such as plumbers, electricians, landscapers and painters.

Homeowners Association – For governing bodies that manage the common areas and other aspects of a homeowners association.

Hospitality – For the owners of hotels, motels and bed and breakfasts.

Manufacturing – For companies that manufacture products of virtually any type.

Office – For

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