20 Unique Business Ideas (That You Can Start Today!)

Small businesses are the backbone of America’s economy, no question about it. The numbers speak for themselves: 29 million = Number of small businesses in the US; 500 million = Number of patents filed annually in the US; 50% = Half of the private sector is employed by small businesses. All it takes is one unique business idea and you could be there too. But coming up with an idea is the very thing that keeps a lot of people from … [Read more...]

Should You Go to College or Start a Business?

It’s been almost four years since former PayPal Chairman and CEO Peter Thiel started the 20 Under 20 program—the controversial initiative that paid 20 college students up to $100,000 to drop out of school. Basically, Thiel’s initiative hoped to show that the best path to success is not necessarily through education (and its attendant debt burden), but through entrepreneurship and innovation. While none of the young entrepreneurs that Thiel sponsored back in 2010 … [Read more...]

Time Management for Part-Time Entrepreneurs

Part-time entrepreneurs have the best and worst of both worlds. While they face less financial risk by keeping their full-time jobs while growing their business, they run up against the problem of time management. How do you find the time to grow your business when so much of your time is already spoken for? The secret to managing your time is all about using the time you have in the wisest possible way. Here are four tips for doing just that: 1. Know where … [Read more...]

Start a Business with a Friend (Blueprint Proposals) PTM 036

Erin Mavian and Kym Pitlor, two friends with entrepreneurial minds, saw a need in the wedding planning market. It wasn't in the planning of the wedding itself, but in the actual proposal. Guys needed help creating a memorable event and making it happen, and Mavian and Pitlor had the skills to help them. So a year ago, they began a part-time business called Blueprint Proposals, a boutique service designed to help their clients propose well. Erin and Kym were able to … [Read more...]

Kickstarter Tips: Secrets to Running a Successful Kickstarter Campaign

What makes one Kickstarter campaign more successful than another? Kickstarter, and other crowd-based funding programs, are gaining popularity. What was once a small tool to raise capital in an unconventional way is quickly becoming a method for artists, creatives and even celebrities to jumpstart their business or product idea. According to Kickstarter’s stats, there have been over 107,000 projects launched on their website, but only 45,533 have been successfully … [Read more...]

10 Simple Tactics Business Owners Can Use to Increase Revenue

All business owners want to make more money in less time. But how? There’s so much to do and so little time to do it. No matter how you look at it, you will almost always have to trade some of your time for money. But that’s the key -- making sure you spend your time wisely and in the most impactful way. Here are 10 tactics you can implement to increase revenue, be more productive and spend less time wasting money. 1. Make Your First Hire a Smart One A lot … [Read more...]

11 Totally Weird Kickstarter Campaigns That Somehow Hit Their Goal

Kickstarter projects are funded on a simple premise: Create a product idea and reward backers for pledging money. Funding is all or nothing. If you don't hit your goal, you don't get any of the money pledged. While many Kickstarters seem destined to succeed, like an Amanda Palmer album or Veronica Mars movie, other wacky ideas have puzzlingly hit their goals, too. Here are 11 Kickstarter campaigns that hit their fundraising goal and will make you say: "People paid … [Read more...]

PTM 033 – Using a Passion for Language to Create a Multi-Million Dollar Business with Sean Hopwood of Day Translations

Today's podcast features Sean Hopwood, founder and owner of Day Translations, a full-service translation and interpreting business. Sean has a passion for languages and speaks many himself. Sean wasn't satisfied with his career in legal translation. He wanted more, and decided to start Day Translations while he was holding down another full-time job. Day Translations has grown from a one-person spanish translation company to a full-scale translation and interpreting … [Read more...]

PTM 032 – How to Use Kickstarter to Launch a Business with Max Valverde of Morninghead

Today's podcast features Max Valverde, founder and inventor of Morninghead, the revolutionary cure for bed head. Max launched Morninghead on Kickstarter.com, the online crowd-funding platform and achieved his goal times six. In this episode, Max shares how he came up with the idea, how he got the product made, and how to use Kickstarter to launch a business. Listen to the Podcast Podcast: Play in new window | Download Highlights from the … [Read more...]

PTM 030 – Going from Free to Paid Business Model with Phil Anderson of BudgetSimple.com

Today's podcast featured Phil Anderson, creator of BudgetSimple.com, the free online budgeting tool. Phil wanted a piece of software that would simply help him manage his money. He also had a strong desire to be his on boss. So he used his software development skills to build the tool that he needed. He shared it with the world for free and called it BudgetSimple. He has since moved from a strictly free model to free and paid versions. Phil has been able to leave his … [Read more...]

PTM 029 – How to Launch a Tech Startup Part-Time with Kristen Carney of Cubit

This episode of the Part-Time Money podcast is with Kristen Carney of Cubit. Cubit sells demographic data: $20 basic demographic reports, a web app that people use to pull demographic data, and a consulting branch that does custom data research. In 2009, Cubit took a small round of funding from a local Austin seed stage investment group. After the funding ran out, either Kristen or her co-founder worked a full time job while the other worked full time on … [Read more...]

How to Find Business Ideas that Work – Focus on Scale

As a blogger, I stumbled into a business idea that scales pretty efficiently. I can reach thousands of people each day with my words using the power of the Internet and search. When I say, "scales" efficiently, I mean my product/service (in my case, blog posts) can be served up to exponentially more and more people (as my site ages and I add more content) without incurring an exponential number of operating costs (other than the increased cost of web hosting). I … [Read more...]