Crucial Tips to Start Your Own Business

You have an idea to start your own business, but no plan or way to put it into motion. It all starts with an idea, so don't give up. Following some simple tips to start your own business can make a massive difference and help make your new venture successful. Whether you want to have a business as a side gig or your main job, here are some tips to follow.

The experts at the U.S. Small Business Administration have some great tips to start your own business. They note that, "Starting a business involves planning, making key financial decisions, and completing a series of legal activities." So, there's a lot involved and it can be overwhelming. But, don't fret. They suggest to start with market research, which "will tell you if there’s an opportunity to turn your idea into a successful business." In doing market research, you'll gather information about potential customers and businesses that are currently doing business your area. See if there's a way to compete. Another big tip they have is to register your business. After you pick out a good name for your new business, make it legal by registering it with the federal and state government.

When it comes to more ways to get your business off the ground, Forbes.com says to create a business plan. It's simply a document about your new business that provides the basis for everything. "This document makes it simple for potential investors, financial institutions and company management to understand and absorb," they explain. "Even if you intend to self-finance, a business plan can help you flesh out your idea and spot potential problems." Forbes.com also says to pick your business structure: LLC, LLP, sole proprietorship or corporation. LLCs are among the easiest business entities to form, and they give liability protection for the owners.

Once your business is up and running, marketing is key. This is especially true with a new business or brand. As Indeed.com notes, spend time and funding on promotion and marketing. "These activities drive customers to your business and get your offerings in front of your target market," they explain. "It's vital that you designate a portion of your business budget to the marketing activities you need for promoting your business." I hope your new business venture is a successful one. Also, feel free to contact me and share your small business story.

Remote jobs are still a big trend, even following the pandemic. So, what are the most in-demand, high-paying remote jobs out there right now? For those who would rather work at home, the good news is that there are more options today than there were in the past. During the pandemic, many companies discovered that employing remote workers had benefits to them, including savings in infrastructure and other costs. Many workers discovered that it fit their lifestyles and personalities, too. So, it's a win-win for a certain segment of the population.

Before we get into those in-demand, high-paying remote jobs, let's look at some companies that are actively hiring remote workers. The experts at Forbes.com have a new feature out highlighting some companies that are looking for remote workers right now. No. 1 on the list is GitLab, which they describe as "an AI-powered DevSecOps platform that allows software developers to collaborate and deliver projects with full compliance and security." They add that GitLab currently has more than 100 remote job openings available in a variety of departments, including sales, marketing product and user experience, engineering, security, admin, HR, legal and more. Another big one on Forbes.com's tally is Buffer at No. 2. Buffer is a social media marketing software company. According to the article, they're "actively seeking to add to their remote team with roles for a senior front-end and senior back-end engineer." Other choice companies include Automattic, Toggle and Kona. A separate Forbes.com article also cites Canonical, Veeva and Invisible Technologies as companies hiring remote workers. So, the jobs are out there, but you might be working with a company that you're not familiar with yet.

It's also worth noting that salaries in 2024 are not what they were years ago. A new study from the experts at Ladders revealed some interesting information about salaries in 2024 and what they can actually buy. According to the study, if you want to have the buying power of a job that had an annual salary of $100,000 in 1994, you would need to pull in more than $200,000 a year in 2024. So, it shows how inflation has impacted the buying power of salaries over the past three decades. Also, the same study notes that while finding a job that pays more than $100,000 a year that's also a remote job is more difficult today than it was a few years ago, one industry that is leading the way in remote jobs is fintech, which stands for financial technology. But, it doesn't stop at fintech. Let's get into the best industries to find in-demand, high-paying remote jobs, from sources such as Money.USNews.com, CNBC.com and more.

Did you know that reviewing documents can make big bucks? According to CNBC.com, being a document reviewer can pay an average salary of $123,427. They also say it's one of the most in-demand remote jobs of the moment.

A different Forbes.com article says software engineers are an in-demand, high-paying remote option. "Software engineers are the backbone of fintechs," they explain, "and plays a crucial role in developing software for financial solutions, being the brains behind innovative financial products including emerging spaces such as blockchain and AI, and developing and integrating APIs while ensuring the products are compliant with financial regulations and are optimized for security."

The experts at Money.USNews.com have web developer as an in-demand remote job, making a median salary of $78,580. They note that the education required is a bachelor's degree. "Web developers maintain, troubleshoot and create websites to ensure they’re effective for business, health care, technology, education or whatever service they provide," they state.

The same Money.USNews.com article says their pick for the best remote job is financial manager. They make a median salary of $139,790. "They keep an eye on the finances of an organization and make reports on financial activity," they note. There are other jobs in the financial sector that are also great for remote workers, such as being an accountant or financial planner.

One hot job for remote talent, according to Forbes.com, is a content writer. So, what does a content writer do? "Content writers create written content for various platforms such as websites, blogs, and email marketing, which engages and informs audiences, with the goal of making sales and increasing brand awareness," they explain.

Believe it or not, being a general physician can be a great remote job. According to Insider Money (via MSN.com), general physicians make around $110 per hour. "A remote general physician provides medical care to patients via telecommunications technologies, offering consultations, diagnoses, and treatment recommendations remotely," they explain.

Forbes.com notes that being an editor is a good remote gig. "Remote editors work for magazines and journals, and other news publications, and they review and sometimes revise content to ensure accuracy and that the correct writing style is adhered to," they explain. They add that editors also make sure that "content meets publication guidelines."

If you're good with social media and have the professional history to prove it, being a social media manager could be a great remote role for you. According to CNBC.com, the average social media manager makes $81,329 annually. For this job, you have to keep up with all of the latest social media trends.

Many tech companies hire remote workers. For one, many of them are startups, so they don't want to spend money on the infrastructure of having people in an office. But, in general, tech jobs line up very well with remote work. According to Tech.co, Apple is a big one hiring right now.