Easy To Start Business Ideas – A: Starting a mobile business is the same as starting a traditional brick-and-mortar business, the main difference being that you won’t be offering your services in a fixed location. The first step in starting your mobile business is to decide on the business you want to start. Next, you will register your business and obtain the relevant permits, licenses and business entity. Read on to learn more.
Mobile business (m-business) is a business that allows you to make money without tying yourself to a specific location.
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Mobile businesses offer a number of advantages, the most important of which is 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 in nature; meaning they are not dependent on commercial real estate (CRE). This makes it easier and cheaper for individuals to start a mobile business.
However, this does not mean that you do not need any initial capital investment. Depending on the business idea you want to implement, 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 the costs associated with a traditional business that relies more on CRE.
As mentioned above, probably the biggest advantage of a mobile business is that it allows for flexibility and mobility. This is useful because it allows companies to move as much as they need, depending on where customers are.
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This means that if you start a mobile business in one place, but the business dries up (which can happen in highly touristic cities), then it is easy for the business to close up shop and move elsewhere.
Mobile businesses can be easily migrated, which can help increase your business net profit within a year. For example, if you run a business that is popular in the summer but not so popular in the winter, you can easily move from one region to another to ensure your business thrives year-round.
With current technology, mobile payment systems are easy to set up and use. Also, cash transactions aren’t as common anymore, which means that even if you offer advanced services or products, people will still be able to pay you. This is common in festival environments or local markets.
Not all business ideas are suitable for a mobile business model. That’s why it’s important to choose the right type of business if you’re starting a mobile business for the first time.
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To start developing your business plan and check off the list above, you must first have a strong business idea.
A business plan is the road map you will follow to start and build your business. Key elements you should 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 develops. While it used to be common to have pages upon pages of your business plan, the lean startup plan has grown in popularity over the last 10 years. A lean startup plan for a mobile business idea is probably a great place to start, as it will keep things short and simple and help you gather your ideas.
When thinking about your budget, you may also want to think about different ways to finance your mobile business. Below are some of the ways mobile businesses are typically financed:
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When choosing a business name, think about your industry, customer base, and product or service.
Your company name is part of your company identity, along with your logo and slogan. So, make sure you choose a name that will help strengthen your business idea and image.
Even if your mobile business does not want a fixed address, you should consider getting a virtual address for business purposes.
A virtual address can be useful when registering a company and applying for necessary licenses and permits. If you decide to set up your mobile business as an LLC, corporation or partnership, you must have a registered agent; some virtual office providers also offer registered agent services.
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A virtual office can also help build and strengthen a company’s image and credibility. Even if you’re always on the go, it can also be useful to stay up to date with important emails.
A virtual office service can also help strengthen a company’s presence in different markets. This can be especially useful for mobile businesses that will return to a specific location for specific months or seasons.
Necessary permits and licenses will vary depending on the type of business. Below are some of the most common licenses and permits needed for a mobile business:
After choosing a name, you need to register your business with the relevant authorities (state, district, city).
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Remember that not all businesses need to be registered; However, even if not required by law, registering your business has various advantages:
If you are required to register your business, consider the different legal structures under which your mobile business can be registered:
You can also use your legal name to start a mobile business; if you choose to do so, you must apply for a federal tax ID.
If you intend to start a mobile business, you need to get a vehicle. There are three possibilities with mobile business:
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Whatever type of mobile business you have, you need a vehicle that is reliable and suitable for your business needs; be it a compact car, truck, bike or van.
While some mobile businesses are a one-man show, others will require a full team to succeed. You may also find that your staffing needs may vary from location to location. When hiring employees for a mobile business, be open to different types of positions:
If you do a quick search online, you will find that there are many mobile business examples worth pursuing. Below are some of our favorite mobile business opportunities.
Food trucks are among the most common mobile businesses. If you have a passion for cooking or baking, a food truck may be right for you.
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Studies show that food trucks are less likely to fail within the first year than a traditional restaurant. One of the reasons behind this is that with a food truck, you can simply shut down operations during slow months without incurring a loss in rent, utilities or produce.
Like a food truck, coffee carts are less likely to fail within the first year than traditional coffee shops.
Depending on your location, some of the best places to place a coffee cart include:
If you have cooking and baking skills and the idea of serving large crowds doesn’t appeal to you, consider starting a mobile catering service.
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If you’re considering this industry, you can benefit from working closely with event planners and organizers, as they can put you on their vendor list.
Event planning, unlike other types of business, requires very little initial investment. For the most part, you should work on growing 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 booming industry, especially among younger generations who spend billions of dollars a year on pets.
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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 need to make sure you get the necessary permits to serve alcohol.
Mobile tutoring is the right choice for those who love working with children and have a good rapport with academics.
This type of business is easy to start, doesn’t require many licenses or permits, and doesn’t need to invest in any big equipment to get started.
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But tutoring may not be as profitable as other mobile businesses. To make tutoring worthwhile for a full-time job, you might consider building a larger tutoring business and hiring more tutors rather than running a one-man show.
As with mentoring, this type of business does not require a lot of initial investment. All you need to get started is a few supplies and a few friends with cars.
You may be surprised to learn that window tinting can be quite affordable. If you start a mobile window tinting business, you can serve car dealers, regular people, business executives, and car rental agencies.
Window tinting requires some special skills and some initial startup costs. However, if marketed correctly, it can become a booming business in no time.
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You can start a nursing home without formal education or medical training. The skills you will need most are compassion and organization.
If you’re a certified yoga teacher, you’re ready to start a mobile yoga business. You can learn yoga on the go, even as you
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