Top Ideas for Corporate Businesses Services

Are you looking to start or buy a service business targeted  at Small and Medium Enterprises (SMEs). If you live in an area that has lots of SMEs then providing services to these businesses may be a good option.  The business you select depends on several factors including your skills, talent pool available in your area, capital required to start or buy the business and most importantly the competitive landscape  and demand for the service in the area. Here are a few service businesses to evaluate.

Business Travel Management

Help manage all travel requirements for businesses. Travel management services provided to SMEs can include advising clients with travel safety and security, booking tickets at the optimum prices based on travel requirements, tracking and reporting expenses, managing frequent-flier miles and other related tasks.

Accounting and Bookkeeping Services

Business owners have very little time and knowledge to work on bookkeeping and accounting tasks. Bookkeeping service is a critical service  to business owners. Accounting and Bookkeeping Services typically include Payroll Services, Data entry, Tax planning, Financial Statement Preparation, Audit and Review Financial Statements, Filing tax returns,  Filling state and federal sales taxes, Succession Planning and Income Tax Appeals .

Business Plan Consulting

SMEs usually work on a business plan at several points in their growth cycle and not just in the startup stage.  Business plans are used to track the progress of a company, to provide a roadmap for the future and to raise financing. It is a critical document if customer plans to sell the business. Business plan includes several components.  For example, a typical business plan should include Strategic overview of the business, Marketing and sales plan, Human Resources plan, Operating model,  Financial plan and an appendix to all data (facts and figures) to back up all claims made in the plan.

Corporate Event Planning

Corporate Event Planning refers  to organizing  Conferences and Conventions, Meetings, Fairs, Product launches, Rallies, Shows and Corporate picnics to list a few events. An event planner has to complete several tasks including conducting research, finding a venue, arranging the food and entertainment, decorating the  venue, sending invitations to all employees (attendees), supervising the venue to make sure everything goes as per plan and finally evaluating the event for lessons learnt. SME’s prefer to outsource Corporate Event Planning because they lack the time, knowledge and passion to organize an event effectively.

Copywriting, Editing and Proofreading Service

Copywriting services refers to assisting an SME with writing for websites, newsletters, presentations, proposals and company profiles to list a few. Copywriting services includes business writing which in turn includes assisting a business with business documents like business plan, tender documents, proposals and general business correspondence.

Proofreading service is required after a document is produced for quality control. This step must be completed before releasing a document to its consumers. Proofreading service includes checking the document for grammar, punctuation, spellings  and general “typos”. Additionally, the service also includes checking for consistency of terminology, fonts, references, page numbering, table of contents, glossaries and so on.

Public-Relations (PR) Agency

PR Agencies are the opposite of advertising agencies. They promote businesses by placing stories on websites, new papers, magazines and TV programs. This is the opposite of advertising agencies who place content on paid media. PR Agencies work by developing contacts with reporters and other media outfits. The most common service provided by PR agencies is helping clients develop press releases and going public with the press release. Other services provided include conducting market research for a firm’s messaging, social media promotion and responding to negative opinion online.

Mailing Services

Mailing service businesses provide SMEs services such as parcel shipping, accepting mail, mail merge service, mass mailings and direct mail marketing brochures. Mailing service can be a home based business.

 

Top Ideas for Computer Related Businesses

Digital Economy

All companies require computer related services. Computer related businesses are specially well suited to people who have a technical background or are very interested in the area. Following are computer and Internet related businesses for consideration if you want to operate in this domain:

Computer Repair Service

Most people now have multiple computers including laptops, desktops and smart phones. When these computers have problems, downtime can cause significant impact to business and other users. Computer repair businesses help people by fixing their computers. Computers can be fixed remotely using virtual private networks (VPN) rather than actually going to location of the computer (house calls). Computer technicians and computer repair businesses tend to be very busy given people reliance on computers for business and personal work. Computer problems may be related to keyboards, mouse, printers, internet connection, component failures, disk failures and so on. Additionally, computer repair firms can also provide data backup services. There are several tools that allow you to back up data online and becoming affiliates for the these backup service providers can add to your revenue.

Website Design

Big and medium sized companies have well established Websites. However small companies can also benefit from online presence. Small companies have smaller budgets and Website design consultants can help these companies create and manage their Websites for a fee. Initially one can start with a few small companies and do this part-time. Developing Websites is simple with several advanced content management systems (CMS) available. CMS systems like WordPress makes it simple to develop Websites. Website designers can develop digital products like CSS themes and sell them on online market places for additional income. Additionally, Website designers can also make a mark up on hosting websites. They usually buy hosting from cloud providers like Amazon Web Services (AWS) and Microsoft Azure, but charge a markup for hosting. On the softer side, website design business allows you to be creative every day.

Internet Marketing Consultant

Internet marketing relates to promoting businesses online. It includes Search Engine Optimization (SEO), SEO experts help companies get more traffic from Google, Bing and other search engines. To be an SEO expert, you need to keep up to date with the latest changes in search engines and analyze websites to check if they implement all the best practices. This is a good business opportunity because there are millions of websites competing for maximum visibility. SEO requires copywriting skills and analytical skills. There are hundreds of websites online that teach you SEO skills. Additional benefits of this business include working from home, starting small (part-time) and scaling the business.

Blog Consulting

Blogs are discrete posts (articles) written by one or more individuals to and presented in chronological order. That is the most recent article is presented on the top sorted by date and time. It is one of the most common and powerful way to present your voice online. Many well established news sites now use the blog format to present news as it happens. There are millions of blogs online on every topic conceivable. Blogs are not necessarily written by one person. Typically there is a team supporting a blog. If you are good at writing and have time to research topics, blog consulting can be a good business. You can start this business on part-time basis and then scale the business over time to include multiple blog consultants as the market for blogging is large. Blog consulting is primarily content writing, but can also include blog setup, site customization and site hosting. The start-up costs for blog consulting is minimal. Blog sites typically make money through affiliate marketing, sponsorships and advertising. On the downside, one must be aware a blog site requires two to five thousand unique visitors per day before it can attract a sponsorship opportunities, so it requires significant internet marketing effort to get traffic.

Online Bargain Finders

Looking for bargains online requires time and knowledge of the Internet. There is an opportunity to find bargains online and re-list the bargain item on your own website. The re-listing website must sign on as an affiliate to sites where the deals are available. Your website makes commission on each sale through the affiliate relationship.

Data Entry Business

Several professions like legal and medical require significant amounts of data entry. The service includes data entry from hard copies to database (soft) format, data cleansing, legal forms, making soft copies of hand written information and several others. Data entry businesses can provide a steady source of income where the business gets paid by the hour or by the amount of data entered or transcribed into a system. Data entry services include data entry from images, PDF document indexing, Like other computer related business ideas, data – entry businesses have low startup costs and can initially be done part-time from home.

Internet Research Business

The Internet know has millions of websites and each website potentially has thousands of pages of information. Looking for information online, even with the Google and Bing search engine, is like looking for a needle in a haystack. It can take hours to compile a report. Additionally searching for information on the Web requires knowledge of internet safety.

Ink and Toner Cartridge Recycling Business

Ink and Toner cartridges are made by HP, Cannon, Epson, Lexmark, Brother and several other printer and photo copier vendors. Ink and Toner recycling business can be run part-time from home and the main skill required is the tools and ability to fill cartridges. Startup costs for the business are low between $2000 and $5000 and the return on investment (ROI) is high. Your clients can get recycled cartridges for less than 50% of the cost of a new one. Additionally, its green business because toner recycling businesses prevent millions of used cartridges from showing up in landfills.

Custom 3D Printed Products

Custom 3D printed parts have opened up a hundreds of opportunities for startups. As the cost of 3D printing comes down rapidly more and more use cases become feasible in manufacturing, health care and several other sectors. Key areas to focus on 3D printing includes mass customization, rapid proto typing, personal part fabrication and fabrication of non-standard parts.

Computer Training

Computer training businesses include training people on Windows, Office, Macintosh, Internet and other software products.

Computer Consulting

Computer consulting in Software development, Windows and Linux systems. networking and other services. Software development is perhaps the toughest area to get into because it requires computer science skills. But if you have these skills the demand for computer programmers, database administrators, computer systems analysts and software architects is large.