12 Great Business Ideas To Make Money (2023) (2023)

Starting a business sounds exciting, but where do we start? We often think that we can start later: “Later, once there’s more money in the bank.” Or, “Later, once I have another degree under the belt.” Or, “Later, once the opportunity shows up.” The reality is that later can turn into never. If you’ve been wondering how to start, read on to find out how.

How to come up with a business idea

Talking about or focusing on a specific topic for hours on end, every single day can get monotonous. However, when you run a business you will have to spend a lot of time talking about your business and you will have to master the topic. Aside from the main topic, you will also have to master many other things. Problem-solving, which will include everything from an unhappy customer, a broken pipe, or a website that isn’t running, is a key skill for small business owners.

When you’re brainstorming business ideas, first, think of something that you absolutely love, something that you are obsessed with. You must be comfortable with your business becoming a major part of your life. What is something that makes you forget about time? What is something that captures your attention?

Next, think about what problem you’re solving by starting your business. Consider these questions:

  • How is your business offering unique?
  • What sets you apart from the competition?
  • Can what you’re doing become a profitable business? If so, how?
  • How long do you project it will take to become a profitable business?

Answering these questions will help you come up with a business idea. If you’re still unsure about what could be right for you, keep reading for ideas that might spark interest.

Small business ideas

Flower arrangements

Have you noticed flower arrangements in shops, restaurants, coffee shops, and at baby showers and weddings? If you’re gifted with arranging flowers and making them look beautiful, look into starting a flower arrangement business. Start small with one or two orders and see if you like it. From there, decide if it’s for you!


As the Irish playwright and Nobel Literature prize winner, George Bernard Shaw, wrote, “The best place to find God is in a garden. You can dig for him there.” If gardening is a long-time hobby of yours, consider starting a gardening business.

“You can make your clients provide the tools; it depends on what level of service you're providing. You can have a gardening business with very minimal tools. You can also buy a lot of tools. I started with a pair of pruners, a rake, a shovel, and a weeding bucket. That’s it!” says Judith Meier who owns a landscaping business in the Hudson Valley in New York. She has grown her gardening business through word of mouth, and she specializes in vegetables, perennials, small fruit trees, and herb gardens, but she does not do lawns. The beauty of running your own business is that you can choose your specialty and choose what you do not want to do, as well.

Meal delivery service

There are many meal and meal kit delivery services available. That doesn’t mean that there is no space for you to enter the market. Do you love cooking a specific cuisine? Do you cater to certain diets, such as keto, vegan, pagan, or gluten free? Many people don’t have time to cook, or simply do not enjoy cooking, so you can solve a problem for them. Start offering your meal delivery service to your neighbors, friends, and community and see what response you get. From there, fine-tune your offer and launch it at a larger scale.

Event planning

Do you thrive off running multiple projects at once? Event planning requires heavy-duty planning and many types of projects that all turn into an event. As an event planner, you will be responsible for making sure that each piece of the event is ready: Flowers? Check. Food? Check. Music? Check. Even minute details such as making sure the candles are lit and that there’s enough toilet paper in the bathroom stalls will fall under your responsibility. If all of this sounds exciting, then event planning might be for you.

Low investment business ideas

Pet sitting

Pet sitting might be for you if you are an animal lover. Pet sitting requires a low investment. You might consider buying a pet-sitter liability insurance. Otherwise, the costs associated with pet sitting are going to be low. You will have to be comfortable visiting other people’s homes and possibly staying overnight. For good client service, make sure to keep your clients updated about their pet by sending them videos and pictures.

Cleaning service

Some people get major satisfaction out of cleaning. If this is you, starting a cleaning service could be a good idea. To get started, market yourself online through local community boards and on your social media pages. If you want to keep your business low investment, use your clients’ cleaning products and equipment, such as the vacuum, mop and sponges. If you want to use your own products and equipment, make sure to fold that into the cost that you will charge.

Professional organizing

While some people loathe organizing, others find immense joy in sifting, sorting, and arranging. Your idea of fun could solve many problems for someone who needs help arranging areas of their home or office. Starting a professional organizing service requires little investment. Document your organizational skills with “before” and “after” pictures so that you can market yourself and get more clients.

Music performer

Weddings, parties and birthdays are more beautiful with live music. If you play an instrument or sing, you could start a business as a music performer, especially if you’re already performing for free at your local church or in your community. Start by reaching out to your network and also offering your services on social media. Describe your music style and repertoire of songs. Continue marketing yourself until your business takes off.

Home delivery

The task of picking and dropping things off can be daunting for some and exciting for others. If you enjoy delivering items, consider starting a home delivery service. To get started, outline your delivery rates and terms, factor in your costs (the vehicle, the gas, and anything else that you might need, as well as the value of your time), and choose your payment processing options (mobile payment services or cash).

Online and work from home business ideas

Online teaching

Just like work from home has become a very normal thing, so has online teaching and learning. If you are adept at a subject and can help others, online teaching could be a great business for you – and you can do it from home! If you excel at something and know how to explain it well, then try teaching!

Online bookkeeping

The thought of bookkeeping can be overwhelming for many. Luckily, there are people that are talented bookkeepers. Start with small projects and grow your business from there.

Host a group program

If you’re good at leading groups and would like to solve a problem for people, consider hosting a group program. You can do this straight from your living room with a free application like Zoom or Google Meet. Topics can include nutrition, health, careers, parenting and finances.

Translation service

Calling all polyglots! As our world becomes more interconnected, many people need documents translated, specifically technical and legal documents. To start your translation service, look into whether you will want to get a certification.

Frequently asked questions

How to start your business with no money?

Some businesses do not require much overhead and so you can start with very little, especially if you get creative. Remember, you can start small and build over time. As you get more clients and work, you can reinvest some of your earnings into equipment. Other businesses, however, require a heavier investment. If your business requires capital, look for investors and co-owners, or borrow money from the bank.

What business trends are we seeing in 2023?

Businesses will continue to be tech driven. Experts believe that our relationship with technology will deepen, including work and daily commercial transactions, according to a study conducted by the Pew Research Center. There will also be a decrease in business travel. “Businesses will continue to encourage more online meetings (less travel) and more work from home (less travel),” cites the study.

How to prepare for your business in 2023?

Look into basic tax information before starting your business. You should also choose a business structure (for example, LP, LLC, or Corp.), choose a name, register your business, and open a business checking bank account to handle all your business transactions through it.

In addition to selecting a business structure, naming your business, and opening a business checking account, it's important to be aware of all legal requirements for starting a business. LegalZoom is a resource that can provide assistance with business registration and ensuring compliance with necessary legal procedures.

Lastly, start imperfectly. Start your business as a side hustle. But, just start. One of my first writing assignments that would later become my writing business was a press release for a tech startup. The startup founder needed someone who could explain the product. If I hadn’t written that press release, I probably wouldn’t have learned that I could become a full-time independent writer. The moral of the story is: start now. Learn as you go. Be curious about what genuinely feels exciting for you, and take a chance on yourself.

The information presented here is created independently from the TIME editorial staff. To learn more, see our About page.


12 Great Business Ideas To Make Money (2023)? ›

The most profitable businesses for 2023 include social media management, cleaning services, creating online courses, business consulting, graphic design services, digital marketing services, app development, personal training, web development, courier services, catering, real estate investing, virtual assistant ...

What business will be profitable in 2023? ›

The most profitable businesses for 2023 include social media management, cleaning services, creating online courses, business consulting, graphic design services, digital marketing services, app development, personal training, web development, courier services, catering, real estate investing, virtual assistant ...

Is 2023 a good year to start a business? ›

Despite some recent gloomy headlines from Silicon Valley and Wall Street and some painful downturns in the stock market, there are strong signs that 2023 might be an even better year for entrepreneurs to start a business — especially in the online small business space.

Which business is best in 2025? ›

In this article, we discuss Top 10 Future Business Ideas that will thrive in 2025.
  • Content Marketing.
  • Virtual education/online training.
  • 3D printing.
  • Mental Health and Marriage Counselling Business:
  • Automobile Charging Station.
  • Outlets for Fast Food and Delivery.
  • Internet of Things (IoT Industry)

How to succeed in business in 2023? ›

5 Top Tips to Help Your Business Succeed in 2023
  1. Avoid 'Superman syndrome' The first tip for business owners is to realise that you cannot do it all on your own. ...
  2. Hire well. ...
  3. Know your clients. ...
  4. Don't hold your business back. ...
  5. Embrace making mistakes.
Jan 5, 2023

What industry is expected to grow in 2023? ›

The future of the global economy lies in Artificial Intelligence (AI). AI is expected to be one of the fastest-growing industries of 2023, already valued at $328.34 billion. AI has begun to revolutionize many industries, such as healthcare, finance and transportation.

How can I make extra money in 2023? ›

The 24 best side hustles for 2023
  1. Participate in paid online surveys.
  2. Get paid to test apps and websites.
  3. Transcribe videos, phone calls, and other recordings.
  4. Become a rideshare driver.
  5. Deliver groceries.
  6. Rent out your home to vacationers.
  7. Deliver food.
  8. Become an affiliate marketer.
Feb 16, 2023

What will 2023 look like financially? ›

In 2023, economic activity is projected to stagnate, with rising unemployment and falling inflation. Interest rates are projected to remain high initially and then gradually decrease in the next few years as inflation continues to slow.

What is one small business trend to look out for in 2023? ›

Augmented reality and virtual reality will come into their own. Augmented reality (AR) and virtual reality (VR) have been in the zeitgeist for some time now, but they might see more widespread adoption by businesses in 2023. Best of all, small businesses could take the lead on the trend.

What businesses will boom next 10 years? ›

10 Booming Industries to Watch in 2023
  • Healthcare. ...
  • Personal Care and Service. ...
  • Travel, Leisure, and Hospitality. ...
  • Commercial and Residential Construction. ...
  • Manufacturing. ...
  • Information Technology and Artificial Intelligence (AI) ...
  • Financial Services. ...
  • Human Resources.
Jan 24, 2023

What is the most thriving business? ›

Most Profitable Business Ideas
  1. Business Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ...
  2. IT Support, Technology Consulting, and Repair. ...
  3. Cleaning Services. ...
  4. Accounting and Tax Preparation. ...
  5. Auto Repair. ...
  6. Real Estate.

Which business is best for next 5 years? ›

20+ Future Business in India for 2025
  • 1) Outsourcing business. ...
  • 2) Internet of things (IoT) industry. ...
  • 3) Rise of co-working space. ...
  • 4) 3D printing. ...
  • 5) Consumer goods and services business. ...
  • 6) Business in real estate. ...
  • 7) Healthcare industry. ...
  • 8) Consultancy business.
Feb 27, 2023

What are the 4 basics to a start up business? ›

An ownership or business structure. A business registration certificate. A legal license or seller's permit (as well as other legal documents) A source of funding.

How to open a retail store with no money? ›

Options to fund your new business venture include:
  1. Crowdfunding. This approach to raising money takes small amounts of cash from a large number of people. ...
  2. Friends and family loans. Do you have a personal support network that can back your new business idea? ...
  3. Small business loans. ...
  4. Capital investors. ...
  5. Small business grants.
Nov 25, 2022

How can I prepare my small business for 2023? ›

How to start a business in 2023: summary
  1. Choose a business idea.
  2. Research your products and audience.
  3. Write a business plan.
  4. Manufacture or source products.
  5. Build a brand.
  6. Create a website.
  7. Register your business.
  8. Manage your money.
Nov 12, 2022

What products will boom in 2023? ›

These 8 Industries Will Grow in 2023
  • Additive Manufacturing (3D Printing) ...
  • Virtual Reality (VR) ...
  • Ethanol Fuel Production. ...
  • Electric Vehicles (EVs) ...
  • Internet of Things (IoT) ...
  • Bioengineering. ...
  • Digital Twins. ...
  • Wearables.
Jan 17, 2023

What do people want to buy 2023? ›

The 10 high-demand trending products and niches of 2023:
  • Teeth whitening.
  • Anti-snoring products.
  • Nail extensions.
  • Fake lashes.
  • Hair clips.
  • Hair extensions and wigs.
  • Yoga mats.
  • Shapewear.
Jan 16, 2023

What 4 sectors to buy in 2023? ›

2023 US sector outlook
  • Real estate.
  • Materials.
  • Industrials.
  • Communication. services.

What business is going out of business in 2023? ›

  • More than a dozen major retailers have said they will close more than 1,400 US stores in 2023.
  • Amazon, Bath & Body Works, Walmart, and Foot Locker are among the chains shutting down stores.
  • Bed Bath & Beyond is planning to close 416 locations — the second most of any retailers on the list.
5 days ago

What companies are expanding in 2023? ›

From tech to ecommerce, this is our list of the fastest growing startups in 2023.
  1. Zerotier. 5-year search growth: 733% ...
  2. Cradlewise. 5-year search growth: 1328% ...
  3. OnlyFans. 5-year search growth: 9800% ...
  4. StackBlitz. 5-year search growth: 822% ...
  5. Linktree. 5-year search growth: 2150% ...
  6. Fandom. 5-year search growth: 295% ...
  7. Preply. ...
  8. Labster.
Apr 21, 2023

What's one prediction you have for business in 2023? ›

Business-wide, AI and cloud transformation will be the top two trends (and investments). We're already seeing artificial intelligence transform from data science novelty to enterprise necessity. That trend will take a quantum leap in 2023 as more businesses embed AI-based applications into their very fabric of being.


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