Business opportunities to make you more money
With spiralling costs of living – fuel, food and more – plus many employers not increasing salaries, then many of us are feeling the pinch on our wallets.
Cutting down on your expenses is one way of helping you keep afloat financially, but another option is to find ways of making more money and increasing your household income.
There are lots of business opportunities
available that are worth considering, so we’ve picked out a few here for you…
Work from home
For many people this is an ideal situation, especially if they have children, as it offers flexibility and the ability to work hours to suit.
The opportunities vary and will depend on the level of skill you have (or is required by the work). This will reflect the amount of money you can earn too.
Types of work you can do from home include: web design, writing articles and blogs, bookkeeping and more.
You could also look to offer services in your local area that will get you out-and-about of the house, such as dog walking, garden services or catalogue delivery and fulfilment.
Franchising is a popular business opportunity
for many people. This is where you take a well-know product or service and act as the local agent or retailer for it. You have the advantage of having the backing of an established brand, with their marketing advice and literature, plus trademarked goods and services.
You initially pay a set fee to them, plus royalties, but you are then the business owner representing them.
Examples of franchises include Fast Food (e.g. Subway, Domino’s Pizza), Car Repair and Cleaning firms.
Run a pub
To many this sounds like a dream come true, but in reality it’s a lot of hard work and long hours. However running a pub
can be a great business opportunity for you.
Many of the large breweries and pub companies offer opportunities in two main ways: Leasehold and Tenancy.
Leasing a pub is a more of a long-term commitment and is more suited to those who are really committed to doing this or maybe have experience of doing it in the past.
Tenancy is similar to franchising. It’s based on a three-year agreement and therefore is a much lower-risk option – perfect if you are new to the industry.
For each option the brewery or pub company offers you support, training and advice