Skip to the work
SELF EMPLOYEDTIPS ↗

Handbook / 3 guides

Business ideas, examined closely

Not a list of a hundred ideas, but a close look at each one: the real work, the start-up costs, the risks and the first small test.

Lists of business ideas are everywhere, and most of them share the same weakness: a sentence or two per idea, an optimistic income figure, and nothing about what the work involves day to day. This section takes the opposite approach. Each guide examines one idea closely enough that you can decide whether it suits you, and then test it cheaply before committing.

What each guide looks at

Every idea guide in this section works through the same questions, though not always in the same order, because the important questions differ by business:

Why there are no income figures

You will not find claims that an idea earns a particular amount. What a business earns depends on local demand, your price, the hours you can sell, your costs and how good you become. Published averages often mix full-time and part-time workers, employees and owners, and different regions. Instead, the guides show you how to build a price from your own costs and time, so you can judge whether an idea works at prices your market will accept.

Choosing between ideas

If you are deciding among several ideas, three filters help more than any ranking:

  1. Fit with what you can already do. Ideas that use skills you have reach paying customers faster.
  2. Fit with your time. Work tied to fixed daytime appointments suits different lives from work you can do in evenings.
  3. Fit with your risk tolerance. Some ideas need inventory or equipment up front; others need only your time.

Write each candidate idea down and score it honestly against those three. Then pick one to test, not three.

Local, digital and product ideas

The ideas fall broadly into three groups, and each has a different shape:

The site's directory groups many more routes into work families if you want to browse beyond the ideas covered in depth here.

Testing before investing

The most useful habit this section teaches is the small test. Before buying equipment or building a website, find a way to deliver the service or product once, to a real customer, at a real price, with minimal spending. A test tells you three things no amount of research can: whether people will pay, what the work really takes, and whether you want to keep doing it.

Reading an idea guide

Start with the short answer at the top for a quick verdict on what the idea involves. Read the risks and rules sections carefully, because they are where most surprises hide. Then go to the task list at the end and do the first item this week. An idea you have tested once is worth more than ten you have read about.

Guides in this section

Also on the site