Accountant
Death and taxes are two occurrences on which you can always count. Usually the torment of most people's existence, the latter is crucial to business.
The majority of small firms must continually keep track of their financial transactions, produce annual abridged accounts (self-assessment for independent contractors), corporation tax returns, file and pay VAT bills, and manage a variety of other financial reporting and tax duties.
Since the majority of small businesses cannot afford to employ an accountant internally, they rely on neighbourhood accountants or small accounting firms to ensure that their tax returns are accurate and as efficient as possible.
You must have a college degree or equivalent and be registered with the Institute of Financial Accountants in order to open an accounting practise. An accountant has a low startup cost because it is a service-based business. Basically, you'll need a space to operate from (at home or in a tiny office), a solid computer, accounting software, a strong file system, and security software to safeguard client financial information.
The annual salary range for local accountants is between £50,000 and £150,000. The appeal of this industry is that every company requires an accountant. You can advertise your firm by writing to other nearby companies, going to networking events, and joining local business associations (like the British Chambers of Commerce) to meet potential accounting clients. For businesses based outside of your neighbourhood, you can also work remotely.
Financial Consultant
Very much like an accountant, but a bit broader and typically more focused on personal money. The majority of middle-class individuals with disposable income who could invest are unaware of the fundamental investment options available to them (alongside the relatively risk and potential upside of each). As a result, a lot of these people invest only in very low-risk, high-return assets and put all of their money into savings accounts (such as premium bonds). Although low risk investments are a crucial component of any diversified portfolio, in most circumstances combining medium and high-risk assets is important to maximise return.
A financial adviser's job is to evaluate a client's income, expenses, and other assets before offering options for how to invest any excess funds to generate returns (the same logic largely applies to commercial clients as well). You'll need excellent communication skills, a solid grasp of finances and investments, and the capacity to manage and meet customer expectations in order to succeed as a financial adviser.
You can also promote your Financial consultant service using whiteboard animation videos. For making videos you could use simple whiteboard animation softwares like DoodleMaker or Doodly along with voiceover using speech to text softwares.
Financial advisers must register with and be subject to Financial Conduct Authority regulation. Depending on the effectiveness of their financial advice, advisors are typically compensated with a consulting fee, ongoing maintenance fees, and/or success fees. In some circumstances, advisors will manage investments on the client's behalf.
A cleaning service
One of the simplest businesses to launch, with low startup costs (you'll need some basic cleaning materials and tools to get started).
As a cleaning company, you can opt to serve the domestic or commercial sector, which means you can clean people's homes, properties, or workplaces and commercial spaces.
The most efficient and affordable method of finding new potential cleaning customers is through conventional direct marketing. Start by locating a leaflet template using Microsoft Publisher (or another design programme) and customising it to fit your company's branding. Start direct marketing after that and deliver fliers advertising your cleaning services door to door (you can also create posters and ask local businesses to put these up in their windows).
The cleaning industry is highly competitive, despite the ease of starting and growing this company idea. You must make sure that your brand is distinctive and that your prices are reasonable for the neighbourhood (you can find this out by doing some competitor analysis).
Painter/Decorator
Most homeowners, tenants, and business owners will require painting and decorating services at some point in their lives. Even though it takes a lot of time (as it's all labour), it's a fairly straightforward company concept that normally pays well despite the market's competition (due to the low barriers to entry).
You need paint brushes, sheets, rollers, and basic decorating supplies to get started. To get to residences and places of work quickly, you'll also need a dependable mode of transportation. In order to guarantee that you are protected in the event that you do damages to a client, yourself, or a piece of property, it is also recommended to look into tradesman insurance and other types of company insurance (i.e. leaving a paint brush around as a trip hazard can be costly).
By putting yourself on websites like Checkatrade, myBuilder, and rated individuals, it is really easy to find new clients if you are in the painting and decorating business (sites are paid via commission on each job or through a listing fee). It is advisable to accumulate a number of favourable ratings in order to receive work (requests for bids) through these platforms. This is because price and positive reviews are the two main considerations for potential clients when selecting a painter or decorator.
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