Best Business Ventures for the Self-Employed

by Contributing Author

Gone are the days when the norm was a 9-to-5 office job, going in five days per week. The era of freelancers and self-employment is here and won’t be leaving anytime soon. Many people have identified how financial stress affects us and have left the workforce as we knew it in favor of more freedom, flexibility, and work-life balance. However, many newcomers often struggle with figuring out what to do as self-employed. The ability to have near-limitless career opportunities can seem overwhelming at first. But to be perfectly honest, self-employment is just a matter of preference. This post will review some of the best business ventures for self-employed people.

Real Estate Investing

Real estate investment is one of the most recent yet bustling ventures people are taking up. Upon seeing the word investment, you might wonder how it can be considered a venture. Business is all about making investments to turn a profit in various ways. But the thing about real estate investing is that you can turn it into your own business. Many professional investors have stated that purchasing a rental property is a lucrative way to earn passive income and add to your portfolio. They’ve even gone so far as to say it’s a better option than the traditional real estate market.

At first glance, investing in a real estate property seems relatively simple; you invest your money in a few shares or finance an entire property and let it go from there. Sadly, however, it’s not that easy, or else everyone would be an investor these days. There are many factors and risks you must consider before buying your first rental property. Fortunately, there are all sorts of helpful blogs and guides that cover the process step-by-step, so you won’t have to struggle as much starting on your own.

Childcare Services

Are you good at handling children and keeping track of many tasks? If so, then you’ve just found your self-employment venture. Childcare services are among the most sought services, especially among this generation. Children are lovely and always a delight to be around, but it’s no secret that they can sometimes be a little more than a handful. With how many are self-employed, managing a job with small children can be somewhat of a challenge. Study your state’s childcare provider laws to understand how to be certified. Then, you can begin opening your own daycare or babysitting services.

Nurse Consultant

You’d think that being a medical professional would warrant the need to always be in a hospital setting or doctor’s office. Years ago, this was the case, but as time went on and technology became more innovative, medical professionals, like nurses, can do what they do best from the comfort of their own homes. If you’ve recently graduated with a bachelor’s in nursing (BSN) and have acquired your license to practice, you can provide quality healthcare advice to people over the phone or an app like Zoom, with the rise of telehealth during the pandemic.