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Boardroom Facilities

Many small businesses don’t have their own boardroom. Woo them with attractive facilities.

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Business At A Glance

Boardroom Facilities
Startup Costs: $50,000 – $100,000
Franchises Available? No
Online Operation? Yes

Business Overview

The increasing trend toward conducting business enterprises from a home office continues to grow at a record pace in North America. Due to this fact an entirely new business requirement has surfaced. What do you do if your business is homebased, yet you require short-term meeting facilities? There’s one simple solution to the question if you’re an enterprising entrepreneur: you start a boardroom office facility that can be rented and utilized by homebased business entrepreneurs, employees and traveling businesspeople.

The best way to reach your target market–which, of course, is homebased business owners–is to join local business associations in your community and start promoting your boardroom rental service. Almost every city and community across North America now has a Homebased Business Owners Association or Chamber of Commerce.

Most of these associations host networking meetings, and these networking meetings are fantastic forums to meet other business owners and introduce them to your new boardroom service. Likewise, you’ll want to get the message out to corporate and business travelers that may also require this type of service while conducting business in your area.

The Market

Homebased business entrepreneurs, employees and traveling businesspeople who need to temporarily rent a space to conduct business

Needed Equipment

The boardroom facility will have to be well equipped with office fixtures, furniture and other equipment such as private meeting rooms, computers, internet connections, copiers, overhead projectors, a catering service, secretarial services, stationery supplies, multi-line and function telephone system, and other related client support services and products.

When choosing a location for this business, the following should be considered: a central location, alternately an airport location, good parking, and at least 1,500 square feet of floor space. Prior to establishing the business, a market study should indicate if the business would be supported mainly by homebased business owners or business travelers.

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Business Services

Errand Service Business Opportunity

Help busy people get through the day by providing an errand service.

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Business At A Glance

  • Business: Errand Service
  • Start-up Costs: Minimum
  • Home Based: Can be operated from home.
  • Part Time: Can be operated part-time.
  • Online Operation? Yes

Business Overview

Let’s face it; today’s busy lifestyles mean that a lot working people just don’t have time for even the simplest of errands, such as taking the family pet to the veterinarian for a routine checkup, buying AuntSue a birthday present, or picking up the kids after school.

Which is great news if you’re a multi-tasker looking to start your own simple,inexpensive, yet potentially very profitable business. An errand service can be operated with nothing more than a cell phone and reliable transportation.

Land clients by networking and by creating a simple marketing brochure explaining the services you provide along with your contact information.
Related: Start A Small Business, Become Self–Employed

The brochures can be pinned to community bulletin boards, hand-delivered to homes and businesses and distributed with the local newspaper.

A few promotional items such as pens and memo pads emblazoned with your company logo, name and telephone number given out to potential customers will go a long way as a daily reminder of your fast, reliable and affordable errand services.

This is the kind of business where growth is fuelled by referrals, so customer service and satisfaction are the most important goals.

The Market

Busy individuals who need a little help getting their day to day errands done. You can also market your services to small business owners.

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Business Services

Expert Witness Service

Compile a group of experts in their fields to serve as expert witnesses in legal cases.

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Business At A Glance

Expert Witness Service

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Starting an expert witness for hire serviceis a unique and interesting business opportunity for the innovativeentrepreneur to tackle. The idea is you represent expert witnesses thatcan be retained by lawyers to give professional testimony in court orlegal proceedings.

These expert witnesses could include medicaldoctors, gun and ammunition experts, transportation and automobileexperts, private investigators or just about any other type ofprofessional that can be deemed an expert in their career or industry.

The service would work very much like an employment agency, but withextremely high security measures in place to protect both clients andthe expert witnesses. You can set presentation appointments withlawyers to introduce them to your service and discuss their needs interms of experts needed to testify at trails.

In exchange for providingthe service, you would charge clients a commission based on the amountof money received for providing expert testimony. This is the type ofbusiness that will take very careful planning in order to establish.Partnering with a lawyer may be a consideration.

However, the effortand expense to properly research and establish this business could bewell rewarded financially, as expert witnesses can receive as much asfive figures in some situations to provide professional testimony.

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Business Services

Virtual Human Resources Consultant

Help companies too small to have and HR department on hand as a virtual HR consultant.

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Business At A Glance

Virtual Human Resources Consultant
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

In our enlightened–and lawsuit-mad–world, businesses must tread carefully to make certain they don’t accidentally step on employees’ toes. This causes problems for small and midsized companies that don’t have the time, the staff or the expertise to deal with all those complex and constantly changing human resources issues.

If you’re a human resources expert, you can solve these problems by offering your expertise as a virtual human resources service. You’ll do it all, from writing employee handbooks to handling personnel forms to setting up and administering 401(k) programs. The advantages to this business are that you can work at home and the field is recession-proof. The worse things get financially, the greater a company’s tendency to outsource–and since this is work that can’t legally be ignored, you’ll always be in demand. You’ll need a solid up-to-date knowledge of human resources issues and how to handle them, an aptitude for accounting and record-keeping, and the sales skills to sell your services to your clients.

The Market

Your customers will be small and midsized businesses that either have no human resources departments or might prefer to downsize and outsource to you. Direct-mail your brochure and sales letters to these firms, then follow up with phone calls. Network among professional and civic organizations in your area. Write articles for the business section of local publications. Give talks to business groups. Introduce yourself to bankers, accountants, attorneys specializing in small business, insurance agents–anybody who deals with small and start-up businesses and can give you referrals.

Needed Equipment

You’ll need a good computer setup with a laser printer, a fax machine and the usual office software. You’ll want to have a stock of personnel forms, files and other record-keeping materials, reference manuals, and filing cabinets and handy storage space.

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