6 Small Business Ideas for the Millennials

small business

“If opportunity doesn’t knock, build a door”- Milton Berle. Millennials. Just like everyone else we all grew up eventually even if we haven’t realized it yet. So, you are currently looking for a job- for a small business idea to be more precise, because it is always so much better to be your own boss. And even if you don’t have a lot of funding to start something big, something globally, remember that you can always start small and build upon. Here are 6 small business ideas for you.

Start a Youtube channel: Become a hit!

Are you are charismatic, full of life individual, who likes to be in the center of attention 24/7? Who enjoys the beautiful life he/she has, who is a comedian and an entertainer in the heart? Your small business idea can be starting a YouTube channel. All you need to do is to put your mind and soul into this channel. Make entertaining and helpful videos, collaborate with other YouTubers, organizations and share your life with the world. Here are some statistics of the yearly earnings of the most famous YouTube Stars in 2016. PewDiePie has 49,756,391 subscribers, earned 15M, Roman Atwood- 49,756,391 subscribers, earned 8M, Lilly Singh- 10,296,350 subscribers, earned 7.5M, etc.

Open up a delivery service

The life we live today is not the same as 20 years ago. The pace of modern life is so much faster. Americans have never worked harder than today. People sometimes don’t even find the time to pick up their dry cleaning, visit their grandparents or have a romantic dinner. So, we can say, that the busyness of the everyday life has made a wonderful opportunity for delivery services to rise. Today people will pay to make their lives just a bit easier because there is no other way than to get it delivered. Take Amazon’s example: Amazon Prime Now delivers everything. From groceries to electronics you can get anything to the exact place you want. Think about it, you can start a delivery service for just about anything and it will work.

Virtual Assistant: doesn’t that sound awesome?

If you are a control freak for having everything organized and you actually enjoy putting things in order, making sure that every little thing gets done on time, then you should become a Virtual Assistant (VA). In our Internet-based world everything is possible; even being an assistant online. As a VA you need to have everything in order to ensure that your client can focus on more important jobs. If you go ahead and do it, you will enjoy your job (since you already have chills while thinking about organizing). But you will also meet very important people and build networks with them.

Build an event planning company

Special occasions, may they be for happy gatherings: graduation, birthdays, weddings, or gatherings full of loss: funerals, need to be organized tastefully. The special events industry is extremely rising, especially in the past decade. Dr. Joe Goldblatt is the founder of International Special Events Society (ISES). He conducted a research, which showed that the spending for events worldwide is $500B annually. So if you love organizing and managing, if you love making dreams come true and if you are good at Customer Relationship Management, then go ahead and open your small event planning company.

Become a graphic designer! Illustrate the beauty like a boss!

If you think about it, our minds work in a funny way: they capture pictures, or anything visible and remember them better than anything else. That is because our brains are far more engaged by storytelling than a list of facts. It is proven, that visuals are processed 60.000 times faster than text. And this is why Graphic design is one of the most demanded skills in the world today. Think about it. Do you have a well-developed imagination? Creative mindset? Impressive skills in Adobe Photoshop, Corel Draw, Adobe InDesign, Adobe Illustrator, Adobe Dreamweaver? Then you should really think about a graphic designer’s career.

Do it all online: Full-Time Freelancing

One day you might stop and wonder what are the strong skills of yours. And you might realize that you have a lot of them and can’t really focus on one specific one and build a career on it. Well, in our modern day there is an opportunity for you to combine your perfect set of skills and use them all in one place. Ever heard of Full-time Freelancing? On platforms like UpWork, Fiverr, Peopleperhour, there are thousands of jobs available for you. You might think it is not like running your own small business, but actually, it is. You build your profile on the platforms. Win jobs that pay well and are fun to do and you don’t have a fixed schedule that needs to be followed. What can be better than that?

The fear of failing somehow always follows us. The secret is in concurring the doubtful thoughts and actually doing something incredible. You got to start from somewhere, someday right? Do it today. And remember, that, as Thomas Edison- co-founder of General Electric said:
“The value of an idea lies in the using of it.”


Armen Margarian

Armen Margarian is an attorney with The Margarian Law Firm.

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