Four Solo Businesses You Can Start in 2020

Anyone with a college degree and a few years of general work experience can start a solo career. If you’re tired of working for someone else and have a modest savings to fall back on, it’s possible to choose an interesting, fulfilling career that you can run all by yourself. Many adults find this idea frightening and have no desire to ever go out on a career limb alone. For others, the concept is not only attractive, but compelling enough to make them take the plunge.

Your chances for success will be much greater if you already have a college degree. If you don’t, consider getting either a traditional degree or an online diploma. It’s also a good idea to apply for a student loan to finance your education. Student loans offer competitive interest rates and generous repayment periods. Plus, you won’t be saddled with the burden of having to hold a full-time job during school. That way, a high GPA can be your top priority. Here are some of the most popular choices among today’s solo entrepreneurs.

Resume Writing

For little startup costs, you can take a comprehensive training course and a certification test from any of several nationally recognized organizations in this lucrative industry. Even in the computer age, resumes are still a necessary component of any job seeker’s tool box. Knowing how to put a solid resume together is a valuable skill. If you are willing to market yourself and spend a few months building up a client base, it’s possible to earn full-time income working about 30 hours per week.

Tax Preparation

Several of the national tax preparation companies offer their comprehensive classes for free or for a small fee. If you want to succeed in this industry, take the courses, obtain a registration number from the IRS, and begin advertising your services to local businesses. Expect to spend at least six months learning the ropes, figuring out how the top software programs work, and finding local clients. If you are willing to build a solid reputation in your community, the earning potential in this field is quite high.

Hypnotherapy

In most U.S. states, you can take coursework that amounts to about 250 hours of study and then offer your services as a hypnotherapist. There’s a lot of competition but for those willing to slowly build up a client base and specialize in treatment like smoking cessation and helping people to achieve deep relaxation levels, earning potential is high.

Car Flipping

Everyone has heard of house flipping, but did you know that car flipping is an even more lucrative business with easier entry and the chance to earn decent money within your first year of operation? Don’t worry if you’re not a mechanic. In fact, some of the most successful vehicle flippers know little about fixing cars but a lot about how to estimate their value. Many in this business simply outsource all the mechanical work and then resell the used vehicles they previously purchased. Spend a few months getting to know the market in your area and reading up on repair prices for used cars.

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