Visionary entrepreneurs often find inspiration in unexpected places. Pharmacist Caleb Bradham invented the recipe for Pepsi-Cola by experimenting with ingredients at his drug store’s soda fountain. The founders of Warby Parker, an online eyewear company, came up with the idea after one of the founders lost their glasses on a backpacking trip and could not afford a new pair. The founders of Uber were inspired to develop the transportation app when they were unable to find a taxi during a snowstorm in France.
If you watch others launch startups or grow businesses from scratch, it is easy to feel like you need to invent the next big thing to succeed as an entrepreneur. Do you want to be a business owner, but lack a ground-breaking idea for a new venture? Do not let that stop you! Learn how to be an entrepreneur without an idea by leveraging an existing concept.
No Idea? No Worries
According to a new poll conducted by Gallup, at least 62% of Americans want to be business owners. The top three reasons people want to be entrepreneurs are to become their own boss, make more money, and have a flexible schedule. Read on to learn how to start a business with no idea:
- Franchising: When you buy a franchise, you are essentially purchasing the rights to operate a business using an established brand, system, and product or service. The franchisor provides you with the blueprint, so you do not need to develop the idea for a business from the ground up. This minimizes risks and provides you with a support system to rely on.
- Buying an existing business: Purchasing an existing business allows you to take over a company that already has customers, revenue, and operational processes. Your role would involve managing and growing the business, rather than inventing something new.
- Get a partner: Consider partnering with someone who has a great idea but needs help executing it. Your skills, experience, and resources could complement their vision, making you a co-founder. Alternatively, you can invest in startups or small businesses where you believe in the concept but do not want to be involved in day-to-day operations.
Benefits of Franchising
Starting an independent business can be risky. With an established brand and comprehensive training programs, franchising may be a better option. Only 5% of franchises with an initial investment of over $25,000 fail during the first five years, according to research conducted by Entrepreneur. Many franchises also have partnerships with lenders, making it easier to secure financing and some franchisors even offer in-house financing options.
Help Put People to Work
If you do not want to go it alone, AtWork has a franchise solution. Businesses are still having trouble securing valuable talent, the U.S. Chamber of Commerce reports. AtWork, the nation’s fastest-growing staffing franchise, enables you to launch a thriving business and make a positive impact in your community by connecting businesses with people who want to work.
For an initial investment starting at $153,500*, you get a proven brand, comprehensive training, and ongoing support to succeed as an entrepreneur. AtWork specializes in staffing solutions for the light industrial and office/clerical sectors, as well as direct hire services for leadership roles. AtWork’s accounting team handles payroll processing, client payment processing, garnishment management, tax filing, payments, and more, so you can focus on building a successful business. AtWork also provides additional support with marketing, technology, operations, training, and more.
Want to learn more about how to be an entrepreneur without an idea? Get started to find out the details about partnering with AtWork to launch a staffing business today!
*See FDD for details.
