Best Side Business Ideas

No matter how rewarding your full-time job may be, there’s one thing that’s even more meaningful than great pay and solid benefits: working for yourself.

Choosing the path of entrepreneurship is without a doubt riskier than being content with holding a 9-5 job, and requires way more sacrifice. However, once you’re reaping the lifestyle benefits of being your own boss and hustling your way into making significantly more money than you ever could at your day job, the hard work will have all been worth it.

The question  asked the most (by far) when I meet and speak with fellow entrepreneurs is, "How do I know which business I should start?" This one is always quickly followed by, "How do I start on this side business while I'm still working my full-time job?"

This makes perfect sense. With how many businesses already exist out in the world, it can be difficult to come up with the right idea you should be spending your time on. Especially if you're looking for a home business idea that'll afford you immense lifestyle flexibility.

The majority of us don't have the luxury of being able to quit our day jobs to pursue starting a business in Dubai today, without having to worry about how we're going to meet our financial obligations moving forward with no immediate income.

When you set out to start a new business,  always make sure it aligns with both my core competencies and your passions. It starts with learning how to discover your strengths as an entrepreneur, and it's how you make sure to be engaged, even when the going gets rough.

The big problem for many of us is that working a full-time job makes it too exhausting to even consider trying to find an alternative outlet. Many of the world's most successful entrepreneurs struggled with this when they wanted to start a business for the first time while they still had a day job.

Luckily, there are tons of ways to start businesses and make money on the side while still leading a well-rounded, meaningful life. If you play your cards right, you’ll be able to quit your day job and grow your side business into an empowering self-employed career.

Obviously some of these small business ideas have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week Here are some ideas.

•             Graphic Design

·        Web Design

·        Commission-Only Sales

·        Online Courses

·        Instagram Marketing

·        Online Coaching

·        Local Business Consulting

·        Phone Case Business

·        Remote English Teacher/Tutor

·        Social Media Manager

·        Google Paid Ad Specialist

·        Start a Blog

·        Travel Consultant

New Year, New You, Setting your business goal

It is time to start thinking about 2017 and setting business goals. We all have a tendency to over-reach as January approaches, setting wild goals that we give up on half-way through the month, so it is important to be realistic in our aims. Below we examine how to set yourself realistic quarterly and yearly goals, as well as lead and lag goals.

Setting SMART goals

Perhaps the most common method for goal setting is by using the SMART method, which stands for:

• Specific – be clear in what you want to achieve
• Measurable – you should be able to measure the success of your goals
• Achievable – make sure your goals are challenging, but achievable
• Relevant – is your goal actually relevant to your business and overall aims?
• Time-bound – make sure you set yourself a specific deadline with your goals

If you follow the above steps, it is much easier to set realistic goals, stick to them and, ultimately, achieve them. Without following a clear structure, businesses tend to set wild goals with no deadline for realistic aims, and so employees always fall short.

Tim Cook, the CEO of Apple, said “We are the most focused company that I know of or have read of or have any knowledge of. We keep the amount of things we focus on very small in number so that we can put enormous energy behind the ones we do choose.”

The key here is to be simple, be realistic and be kind to yourself! If your goal is to make your first million then fine, but how achievable is that right now? What steps can be taken to achieve that?

Keeping your goals time-bound and measurable is extremely important, because it makes them accountable and allows you to critique when processes are not going right. It is useful to set a yearly goal for what you want to have achieved by the end of 2017, but break this down further into quarterly goals and even monthly/weekly goals to help keep everyone focused and on track day-by-day.

Lead and lag goals

Lead and lag goals, also called lead and lag indicators, are two different types of measurement that you can use to determine your business’ success.

• Lag goals: This is the measurement of the result that you are trying to achieve, and the end goal will lag behind all of the total results of the smaller goals together. By the time that you get the data on the result of the goal, it has already happened, and so will always be lagging behind.
• Lead goals: These are goals which are used to foretell a result, and are much more easily influenced and predictive. I.e., if we want to make more sales, we make more sales calls. Completing one of these goals will lead to a bigger goal.

Both are useful goals to consider and have in mind for your business as just another way to keep your success measured and realistic. Lag goals are easy to measure as you have either achieved the result or you have not. They usually extend over a longer period of time and are usually associated with the Big Hairy Audacious Goal.

Lead goals are goals which you have much greater control over, and they usually lead on to the lag goal. It is about setting short-term goals, usually just a week or less, which can move you towards your bigger goal.

Keeping it simple

Whichever way you choose to set goals for your business or organization, the important thing is to keep them consistent, simple, and realistic. If you have multiple employees, then it is important that everyone is one the same page so you are all heading in the same direction. Keeping goals clearly time-defined, measurable, and realistic will ensure that there will be no confusion down the line, and will help you to stick to your new year, new you business aims!


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Incorporating a business

Are you the kind of person who has always wanted to start a business, and are ready to take the leap into entrepreneurship for the first time? Or has a tough job market prompted you to re-evaluate your goals and try to create something new?  Wherever you stand on the spectrum of entrepreneurship, congratulations on deciding to start a business and create new opportunities for yourself and others.

Ready To Start A Business?

If so, you’ve come to the right place. We will tell you what you need to know about how to incorporate a business, how to form an LLC, and how to navigate the complexities of managing the business filings along the way. 

All About Incorporating A Business

When you start a business, many entrepreneurs choose to incorporate as a legal entity. Incorporating a business is a step that goes beyond simply filing a DBA. One of the best ways you can establish your credibility, make your business a legal “entity” beyond your identity as the business owner, and protect your personal assets is to incorporate your business.

Incorporating gives you the ability to protect your personal assets from those of the company, which keeps your personal finances safe from the “worst-case scenarios” of doing business.

There are several options for incorporating your business, including forming an LLC, or incorporating as an S Corporation or C Corporation.  

If you want to incorporate your business, the most popular choices are the LLC (limited liability company), S Corporation and C Corporation. Each of these options has its own unique advantages and complications, depending on your type of business and your overall goals.

No matter which type of incorporation option or business structure you choose, incorporating your business will keep your personal assets safe from lawsuits or judgments against your company.

Depending on your tax filing status and which business structure you choose, there can also be significant tax benefits to incorporating your business; instead of paying self-employment taxes as a sole proprietor, incorporating a business can help change the tax treatment of part of your income, leading to more money in your pocket at the end of the year.

Choosing a entity

If you’re ready to incorporate a business, one of the simplest ways to create a legal entity for your company is to set up an LLC.  The LLC stands for “limited liability company,” and it gives you the ability to create a separate legal entity for your business which is separate from your identity as the owner. Like other corporate structures, the LLC gives you a “corporate shield” when you incorporate a business, to separate and protect your personal assets from those of your business.

About the LLC (Limited Liability Company)

The LLC is a popular choice with small business owners and solo entrepreneurs when it comes time to incorporate a business, because it does not have as many formalities and “red tape” requirements as a C Corporation or S Corporation. The filing requirements are easier, and you don’t have to set up a board of directors, host an annual shareholders’ meeting, or deal with as many other regulatory formalities.

How to establish Offshore Company in Dubai

Most of the international entrepreneurs choose offshore company formation in Dubai for expansion of their businesses. There are many benefits for UAE offshore companies such as no taxes, freedom, secrecy and easy methods of running the business. The Dubai government has simplified the process and procedures for setting up such offshore companies. The simple reason for encouraging offshore business activity is that they help towards the economic growth and also earns good amount of investments from these companies. These advantages made many businessmen to prefer offshore company formation in Dubai.

Being an independent country is an added benefit for having an offshore business setup in Dubai. Establishing an offshore business in UAE is easier and convenient compared to anywhere in the world. It also has an agreement of avoiding double taxation with major foreign countries. UAE ensures a much simpler life for offshore companies and also gives businesses the needed environment and opportunity to grow and earn more profits out of their offshore venture. However, business advisers can make the entire process a lot easier and less time-consuming.

The company that gets registered in Dubai earns maximum profits because Dubai is known as a popular destination for its richer resources and visionary guidelines and encouragements by the Government Authorities. An offshore establishment is primarily a company that's run and managed outside the jurisdictions of the country of its registration. These companies are mainly run from a remote location by the owners and have directors and shareholders sitting elsewhere.

The best approach is to work with qualified professionals, who can make sure that your privacy and accounts are secured during the formation process. There are many professional business advisers, who will take care of all the legal activities and document processing required for the company formation in UAE. The agents take charge of all your roles in terms of running an offshore company starting from the invention. The majority of offshore international business establishment companies guarantee company formation within one day time and with all legal and banking formalities completed, you are good to start dealing in your business as early as possible.

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Company Formation

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Local Sponsor

How to find local sponsor for business setup

Business in Dubai is great generally. There are numerous rich people and the upper white collar class is developing quickly due to the most recent monetary blast the City has been encountering. More individuals are migrating to Dubai today for salaried occupations than anyplace else.

This movement demonstrates productivity to organizations in Dubai. On the off chance that you are keen on a business setup in Dubai, the absolute most significant suggestion I can give you is to concentrate on building a long relationship with the UAE locals. 

                                                                     

Not at all like the US and numerous different spots where it is all primary concern situated, there is such a great amount of riches in Dubai that the numbers are the minimum of the sympathy toward many required in business. It is really about connections and affinity. On the off chance that you comprehend that you will be extremely fruitful working together in Dubai.

You must be a National (resident) if you need to set up your business in Dubai; and Dubai does not give citizenship through naturalization. So it gets to be distinctly critical to set up a decent relationship with a neighborhood Arab so you can enter a business wander through their partnership.

This is an important decision in light of the fact that the local that you with turns into the proprietor of the business on paper. For all intents and purposes, however, that individual remains silent. So fundamentally you work day and night with effort but then on paper another person claims your business.

It is vital to build up a decent trusting and dependable relationship. A business is a genuine wander, particularly in the event that you will be intensely putting resources into it. So, it is difficult to discover trusting accomplices in Dubai that you can get to be distinctly okay with.

Even if you do find someone, you can become comfortable with them overnight. Neither would they. But then again, what do they have to loose right? To do business in Dubai, you need a good reference or connection. You need someone to introduce you to a local that you can trust and are comfortable dealing with.

At Business Link, we provide assistance to find the right local sponsor for your business in Dubai and all over the UAE.

It can make a big difference the type of sponsor you choose. Finding a sponsor who is well educated, well connected and at reasonable prices is very important. As one of the leading consultants for business setup in Dubai mainland and all over the UAE, we provide the perfect Local Sponsor Partner as per our client requirements for their business.

Business Link provides reliable UAE National Partner or Local Sponsor for any type of company formation in Dubai mainland. We help you to find a sponsor who has the skills and knowledge about your particular business and who can represent you in the best possible manner.

Business Setup Services

Make the year 2017 to setup your dream business in Dubai

Business Link UAE offers the best solutions for business setup, company formation in dubai & company registration in Dubai , UAE. We assist you in starting physical office in Dubai and throughout UAE. Committed dedicated constantly in improving our services including business registration, company setup, free zone business setup, offshore company formation, PRO services and many more in Dubai.


Check out the best business setup services in Dubai , UAE. 

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Great offer for this National Day!!!

Celebrate National Day with Business Link UAE, Get great offers for launching your company in Dubai. Start your new venture, your new business, your new life on this auspicious month of December. 

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