New Business Ideas 2021 – A. Starting a mobile business is the same as starting a traditional brick-and-mortar business, the main difference is that you won’t be offering your services in one fixed location. The first step in starting a mobile business is to decide which business you want to start. You will then register your business and obtain the appropriate permits, licenses and business entity. Read on to learn more.
Mobile business (m-business) is a business that allows you to earn a living without being tied to a specific location.
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Mobile businesses offer several advantages, the main one being that they do not have a fixed address, which allows business owners to serve a large number of customers.
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Mobile businesses are mobile by nature; this means they don’t rely on commercial real estate (CRE) to be sustainable. This makes it easier and more affordable for individuals to start a mobile business.
However, this does not mean that you will not have to make some initial capital investment. Depending on the business idea you want to pursue, you may need to invest up to $25,000.00.
The main advantage here is that the cost of running a mobile business is much lower than that of a traditional business that relies more on CRE.
As mentioned above, perhaps the biggest advantage of a mobile business is that it allows for flexibility and mobility. This is an advantage as it allows businesses to move as much as needed depending on the location of their customers.
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This means that if you start a mobile business in one location and business dries up (which can happen in cities with a lot of tourists), it’s easy for the business to close up shop and move to another location.
Mobile businesses are easy to move, which can help increase the net profit of the business within one year. For example, if you run a business that is popular in the summer but not so popular in the winter, you can simply move from one area to another to ensure that the business thrives year-round.
With the technology available, mobile payment systems are easy to set up and use. Also, cash transactions are not as common anymore, which means that even if you offer premium services or products, people will still be able to pay you. It is common in festival settings or local markets.
Not all business ideas are suitable for a mobile business model. Therefore, if you are starting a mobile business for the first time, it is important to choose the right type of business.
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To start developing your business plan and check off the above list, you must first have a strong business idea.
A business plan is the guide you should follow to structure and build your business. Key elements to include in your business plan include:
Your business plan should not be set in stone; rather, it should be reviewed frequently as your business grows or evolves. While it used to be common to have pages upon pages of your business plan, over the past 10 years the lean startup plan has become popular. A simple starter plan is probably a great place to start for a mobile business idea, as it will keep things short and simple and help you organize your thoughts.
While you’re thinking about your budget, you might also want to think about different ways to finance your mobile business. Below are some types of financing for mobile companies.
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When choosing a business name, you need to think about your industry, customer base, and product or service.
Your business name is as much a part of your business identity as your logo and tagline. Therefore, make sure to choose a name that can strengthen your business idea and image.
Although your mobile business will not have a fixed address, you should still consider getting a virtual address for business purposes.
A virtual address can be useful when registering a company and obtaining the necessary licenses and permits. If you decide to set up your mobile business as an LLC, corporation or partnership, you will need a registered agent; some virtual office service providers also offer registered agent services.
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A virtual office can also help build and strengthen your company’s image and credibility. It can also be useful to know about important mails even if you are constantly on the go.
A virtual office service can also help strengthen your company’s presence in different markets. This can be especially useful for mobile businesses that will return to a specific location during certain months or seasons.
Permits and licenses required vary depending on the type of business. Below are some of the most common licenses and permits required by mobile companies.
After choosing a name, you will need to register your business with the appropriate authorities (state, county, city).
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Note that not all businesses need to be registered; however, there are various benefits associated with registering your business, even if not required by law:
If you need to register your business, you’ll need to think about the different legal entities under which you can register your mobile business:
You can also use your legal name to start a mobile business; if you choose to do this, you will need to apply for a federal tax number.
If you plan to start a mobile business, you will need to purchase a vehicle. Mobile operators have three options:
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Regardless of the type of mobile business you run, you will need to purchase a vehicle that is reliable and meets your business needs; whether it’s a compact car, truck, bike or van.
While some mobile companies are a one-man show, others will require an entire team to succeed. You will also find that your staffing needs may vary by location. When hiring for a mobile business, be open to different types of positions:
If you do a quick search online, you will see that there are many examples of mobile companies that are worth looking into. Below are some of our favorite mobile business opportunities.
Food trucks are one of the most common mobile businesses. If you have a passion for cooking or baking, then a food truck might be the perfect choice for you.
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Studies have shown that food trucks are less likely to fail in the first year than a traditional restaurant. One reason is that with a food truck, you can simply go out of business during the slow months without incurring any loss in rent, overhead, or product.
Similar to food trucks, coffee carts break down less in the first year than traditional coffee shops.
Depending on your location, some of the best places to set up a coffee cart might be:
If you have a knack for cooking and baking and don’t mind serving large numbers of people, consider starting a mobile catering service.
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If you are considering this type of business, working closely with event planners and organizers could help you as they can include you on their vendor list.
Event planning, unlike other types of business, requires very little initial investment. You will primarily need to work on developing your network and positioning yourself as the best choice among your connections.
But before you start planning events, make sure you have the right training and skills for the job. Planning an event is no walk in the park and can be quite stressful.
The pet care industry is expected to reach $14.46 billion by 2025. It’s a growing industry, especially among younger generations who spend billions of dollars on their pets every year.
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In the right location, pet sitting services can be profitable, especially if you can position yourself as the best pet sitting service in affluent neighborhoods.
With this type of business, you will need to obtain the necessary permits to be able to serve alcohol.
For those who enjoy working with children and excel in academics, mobile tutoring is the right choice.
This type of business is easy to start, does not require many licenses or permits, and does not require a large investment in equipment to get started.
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However, training may not be as profitable as other mobile businesses. To make training worthwhile full-time, consider building a larger training company and hiring more instructors rather than running a one-man show.
As with teaching, this type of business does not require a large initial investment. All you need are some supplies and some friends with cars to get started.
You may be surprised to learn that window tinting can be a very profitable business. If you start a mobile tinting business, you can cater to car dealers, average people, business executives and car rental agencies.
Window tinting requires certain skills and upfront costs. But if marketed correctly, it can quickly become a successful business.
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You can start caring for the elderly at home without any formal education or medical training. The skills you will most likely need are compassion and organization.
If you are a certified yoga teacher, you are ready to start a mobile yoga business. You can teach yoga in motion, even as you
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