If you are a entrepreneur who was just waiting for the right time to start your new business, summer is the perfect time to get started. There are many reasons to start a business during the warmer months of the year, but there are also many things to consider, depending on the type of business you have in mind.
“Summer is a good time for businesses that rely on foot traffic because people are more likely to go out in the hot weather,” said entrepreneur Oscar Rodriguez, founder of OssieRodriguez.com. “However, it should be noted that competition is generally higher during the summer months, as there are more businesses operating during this time.”
There are more businesses that work for a reason – summer is a great time to make money. Children are out of school, families are on vacation, and the sun is making people wake up, get out, and reach for their wallets.
Start a Scooter Rental Business
According to Bloomberg, the electric scooter craze took off in 2017 when Lime and Bird entered the scooter-sharing market. This market is now huge – and summer is the season to rent wheels.
“Starting a scooter rental business is perfect,” said Aviad Faruz, an entrepreneur who founded the jewelry market. Faruzo New York. “This is especially the case if your area is a tourist hub, as they are always looking for fun ways to explore a city.”
Rideshare Guy has created a tutorial on starting a scooter rental business. It takes some upfront investment and overhead, but with a little creative strategy, even sole proprietors have a realistic path to start and compete with the big dogs, which now include Uber and Lyft.
Richer Live Podcast: Buying a First Home During Inflation: Is It Worth It?
Get paid for your green thumb at a farmers market
If you’re ready to take your gardening hobby to the next level – one that involves getting paid – then summer is the time to start selling what you grow.
“Operating in a farmers’ market is a functional seasonal business idea,” said Dan Shepherd, CEO and owner of the technology and construction company. VEI Communications. “Costs associated with setting up a farmers’ market include rent and liability insurance, marketing expenses, dealing with local government, and acquiring the appropriate licenses and permits.”
Nationwide has created a guide to getting started as a farmer’s market vendor. Read it or a similar tutorial to make sure you’re prepared for super early hours, potential months of commitment, transportation requirements, and miscellaneous costs before you dive in.
Start a mobile car detailing business
Some people like to wash their car in the summer, but many others just want their car clean. It’s there that you intervene.
“When it comes to the summer season, mobile car detailing is the perfect business to pursue.” said Patrick Wilson, recruiting director of Skills courses. “Families don’t usually have time to clean their cars on weekends, which makes such a business a viable option. You can earn a decent amount of money.”
DontWorkAnotherDay.com says you can get up and running for less than $2,000. In terms of profit potential, YouTube channel UpFlip says good mobile retailers can earn between $500 and $30,000 per month.
Do you like children? Get paid to give parents a break
Summer is the season for kids with no place to go all day, and many parents have no choice but to pay someone to keep them safe and accounted for.
“Start a summer childcare business to help busy, full-time parents manage their families during the school season,” said Stephan Baldwin, founder of the senior health care agency. life support. “Childcare is a very profitable small business, especially if you already have experience.”
It takes a lot of planning, legit experience, and upfront investment, but comparatively it’s an achievable goal.
“It’s one of the few healthcare sub-niches that doesn’t necessarily require a college degree or certification,” Baldwin said. “Hands-on experience and word-of-mouth recommendations are enough to start booking slots and seeing feedback.”
Lead guided tours
If you live somewhere that attracts tourists, love history, and are an outgoing person who doesn’t mind talking to groups, you already have most of what you need to become a tour guide. independent.
“Now is a great time to start a walking tour business if you live near historical and cultural sites or other places of interest,” said Kevin Huang, an entrepreneur who founded ambient house. “You can do the tours yourself first, then hire additional tour guides as the business picks up. It requires minimal capital to get started and run, most of which will be spent on marketing, so profit margins are attractive.”
More from GOBankingRates