Almost all people need at least a little help from their friends. There is a common trend, the most well rounded pairs or groups recognized their individual limitations and understood what the others can bring when its a partnership.
The best examples are, in 1975 Bill gates and Paul Allen started Microsoft, Larry Page and Sergey Brin founded Google in 1998, In 1976 Steve Jobs and Steve Wozniak founded Apple Inc.
In fact, friends are the special people in our lives with who we share our ups and downs, a solid sense of confidence, and allegiance. As well as friendship is a healthy relationship which helps both one. Therefore, if you are looking to start a business with your heart touched friends, Founder activity loves to share this helpful guide Business ideas for a group of friends.
In the workplace, a strong and tight-knit team can prove to be a difference between productivity and success. In fact, good strong friends can make a good team and work for success.
How to find a great business idea?
In order to find an awesome business idea you need to be systematic and you need to be thorough. As well as you need to put together a list of proven and practical business ideas. Then you and our friends need to carefully assess which ones would be most likely to work for you and your friends to work for you.
Things to consider before starting a business with your team
Earning money with a group of friends seems a good idea at once. But, before you start the business you must have to concern about some facts. Simply, before working with a team you must have the correct knowledge to working with a team.
- Make sure the team represent a common definition of success
- Everyone should connected well
- All must have the ability to breaking the barriers
- Strong sense of Group dedication
- Ability to take High quality decisions as a team
- All must have the practice to participative leadership
Make sure the team represent a common definition of success
When working with a team, it is important to represent a common definition of success to be successful in the business. Simply, the vision of all team members about the business must be clear as well as same. Further, it will avoid from failure by without losing the confidence among the members.
Everyone should connected well
A good communication is a main feature in a successful group. So, each team member should be connected with everyone of the team. It will help to bring out the best to their role.
All must have the ability to breaking the barriers
Running a business is not easy, especially when it comes to a team work. If there is a problem for one, everyone should have the ability to breaking those barriers, and protect the team member. In fact, it will lead to the success of the business.
Strong sense of Group dedication
In order to be a strong group, team members should have a strong sense of belonging to the group. Further, it will help to a experience a commitment to the group’s decisions and actions. So, before get into the business, make sure to have this ability.
Ability to take High quality decisions as a team
Making high quality decisions together is a must have feature in your team. Though you are friends, you will be unable to go a long way of success, if you failed to take decisions. So, you must have the ability to make high quality decisions as a team.
All must have the practice to participative leadership
Practicing to participating leadership means, all of the members should practice to lead meetings, assigning tasks, assessing progress, recording decisions and commitments, providing direction for the team and holding team members accountable and more tasks.
By the way, these are qualities you should boost before start a business with a group of friends. Let’s consider the business ideas for group of friends.
Top Business ideas For A Group Of Friends
So, now you may need to find a business idea to start with your friends. Founder activity is presenting you with the following list and you can choose one of them or several types with your friends. Before you choose one, make sure to consider all of your talents.
01. Business branding
Almost all businesses need branding. Logos are the special things which fulfil that purpose. Logo designing has become a trend nowadays. There are a lot of graphic designers, but there are only a few people specializing in logos. So, you can take this into your opportunity. In order to build up a great brand, a good logo is necessary for it. So, a good looking logo is more important than ever.
Most businesses need a place to get a great logo instead of a weak one. So, you and your friends can start to help such people to build their brands and earn money. While some members of your team designing the logo, someone can market and advertise your business. In fact, you can use platforms like 99design, Fiverr, Upwork, Freelancer to grow your business branding with your team.
02. Content marketing
Almost all the companies run websites for their company and they need content for their website. The importance of it is, they need to develop a bond with their customers online. So, as a result, there is a huge market for people who create web-friendly content.
By the way, You and your friends can take this into your opportunity and make a great team for fulfilling the need of them. Many companies look to hire content marketers who can do both kinds of research and write well. So, you can work as a team and make a great team of content writing and marketing.
03. Drop shipping
Already you may know about dropshipping. Simply, a dropshipping business is selling physical goods that you or other companies ship out. All you have to do is, taking the order from the customer on your website and then you would have the order shipped out by the supplier.
If a group of friends connect to dropshipping, it will be a help to earn a good capital. With that, you can advertise your business which is considered as the main part of drop shipping. Further, when your team tries to sell a lot of items, it is easy to handle the business. But remember, At the start, keep things simple and start with affiliate marketing.
04. Publishing eBook
Though it is hard to get attention for books in this era, it is not impossible. You and your friends can publish rare books that make a lot of money. Not only that, there are a lot of competitors and you have to face them. So, book publishing is not the easiest way to be rich fast, but it is also a good way if you are with great content. Further, wen you are publishing eBook, target a specific group instead of targeting a general audience. It will help you to earn more profit.
05. Start a fashion blog
Starting a blog is an easy and a trend in nowadays. Though it is hard to be successful, it can earn more and more money after its success. If you and your team of friends passionate about fashion and style, defenetly you may follow fashion bloggers and influencers on Instagram. Already you may know that, a fashion blog provides a platform to get out their ideas on the subject. So, as the same, you just have a simple and little things to start a fashion blog.
06. Search Engine Optimization
SEO is a complex and high profitable business idea. It includes more than things building links, creating content, and adding keywords. But remember, if you don’t know any of these, it is better to have a better knowledge of them before getting into the industry.
In fact, the world of search engine optimization is more complex and ever changing. But, a small knowledge on SEO can have big impact. If you and your friends prefer to get into the industry, you can learn it from the web. There are free guides on SEO in the web.
07. Product reviewing
Product reviewing is also a good way to earn money with your team. How do you make money as a product reviewer? Well. By cashing in on affiliate marketing links from products you review. Even if you are giving a negative review you can mention another product as an alternative. There are various sites that offer product reviewing jobs.
08. Starting an Outdoor adventure travel company
Starting an outdoor adventure travel company with your friends will be a fun and enjoyable thing. It is all about your passion for adventure and making a jump. You and your team of friends can enjoy an inviting environment where all of you can build a business you love.
In fact, adventure travel not only engages your body, but your mind also relaxes and gets the benefits of staying in the outdoors. So, if you and your team of friends love adventures and the outdoors, you can start your outdoor adventure travel company and become a part of a $60 billion industry.
09. Sport fishing charter boat business
Almost all people love fishing. But, only a few have boats. However, running a charter boat business is hard work. The fishing charter business takes people on fishing trips, which gives people a new great experience. These trips may range from going into swamps to venturing far offshore. With the correct steps, you will be able to start a fishing charter boat business with your friends.
10. Operate a Gardening business
This is also a business that mostly fits once who love the outdoors. You can enjoy working with plants and flowers. Operating a gardening business includes many tasks, like watering, trimming, raking, digging, planting, hoeing, leaf blowing, and so on.
In fact, gardening can be done as a full-time business. It is a business with high demand. So many homeowners struggle to manage their gardens with their busy schedules. So, you can help them with your team and earn money.
11. Garden Center
Gardening is a vast field. In order to get into this industry, you should have the courage and prefer to do gardening. Simply, you can start with a supply center. You and your team of friends can start to sell plants and other equipments need to do gardening. With your unity and togetherness, you can eventually vertically integrate with your plant nursery.
12. Starting a beer pub
I’m sure, most probably your friends will idly agree to open a beer pub together. Though opening a beer pub is a difficult task, it will be easy for you with your friends. Most probably, you may need a larger amount of capital to get the doors open. But, it depends on where you start the bar.
13. Starting a Wine Bar
A wine bar is a profitable business is a good opportunity to start a profitable business. In fact, the cost of starting a wine bar based on wine by the glass can be less expensive than starting a full-service restaurant. However, the profit margin of a Wine bar is attractive. So, if you and your team of your friends prefer to deal with wine and earn a good profit, starting a Wine business will be a good option.
14. Bar-tending Service
Bartending is a fun and great business idea, that you can start with your friends. You can sign up for a bartending course and get a safety certificate and it will require in your state. In fact, bar business is one of the most profitable business ideas in restaurant industry. So, this is a great idea to you and your strong team.
15. Coffee bar
In fact, Opening a coffee bar with your friends is a great idea in order to earn money with your friends as a team. But, remember your location must be a good place with a high foot traffic. You and your team ca stand out from the competitors, by offering world class beverages wit some fabulous foods.
Moreover, you can make cookies while running your coffee bar. Because you have a strong team, you can do more and more creative things in order to stand out from the competition. Almost all the people loves a fancy cookies with a world class beverage. Further, it is a very easy food and a simple food you can sell in your coffee bar.
16. Cake making
Are you guys preforming well in baking cakes? So then, this will be a great idea for all of you. Mostly, people love to celebrate their special days with a special and great cakes. While some of your friends are busying with making and baking cakes, others can promote, market and advertise the business.
17. Cupcake business
A cupcake can make someone’s mood good. In fact, there is something magical about a cupcake that says fun and silliness. So, if you and your friends are specializing in cupcakes, you can make someone feels better with your talent and you can earn money from it.
18. Event organizing
Starting an event planning business is one of the best business to start with a team. According to the researches, the average profit margin for an event planning entrepreneur is around 15% and it is continuously rising. Perhaps you and your team have been working in the event and meetings industry for several years. And now your time has come, to work for yourself.
19. Interior designing
Interior designing depends on creativity, skill, and knowledge. Starting an interior design business can be tricky. But, with a strong and creative team, you can go a long way in the industry. First, plan the services you are going to offer with your friends. Because you have a team, you can cover various areas with their talents.
Are you and your team talented to capture great moments? Then, this is the most suitable business idea for you. You can earn money while traveling, with this business. When it comes to the photography business, there are several different careers in it including Commercial photographers, photojournalists, digital photo editors, videographers, and so on. So, you and your team can start a great photography business with your team.
21. Starting an advertising agency
We all know that, every business needs to advertise itself. Including small businesses, many companies spend money on advertising in order to draw new customers and keep growing the business. So, if you have a background to start an advertising agency, you can get into the industry with a correct knowledge. A strong team can build a successful advertising agency.
22. Starting a Rental Property business
Starting a rental property business or real estate is one of the best investments you can make. Though the business is more attractive, it really needs a large amount of money to start. Not only that, you need more and more potential liabilities and you have to take legal responsibilities. If you start this business, make sure to choose the correct and faithful friends.
23. Fitness equipment rental business
As long as you need to separate from the competition, starting a fitness equipment rental business is a great idea. here are a number of benefits of renting your fitness equipment. In fact, you can make a great and intensive fitness equipment rental business when you are accompanied by your friends.
24. Antique Refurbishment
Do you and your team of friends have expertise in antique refurbishment? Then you can easily start his business. You and your friends can strip off old paint and varnish, and refinish them. But, before you get into the industry, know the market well.
25. Art Gallery
Though you don’t think about this business a lot, this is a really big business. You and your friends can start this business and collect various different arts as individua collectors. With your team, you can go a long way in success.
You and your team of friends can share your tasks. You can make a team of art buying consultants, restoring members.
26.Import and export business
Are you prefer to get paid for travelling? Yes. That’s a cool idea and you can do t with import and export business. All you need here is your patience. Because, it requires time to get going.
27. Clothing Line
Running a clothing line and a boutique may be lot of fun, but it takes some time to make money. First, you can start with few items. As a example, if you started to sell neck ties, you can built your business in to a million billion empire. Really difficult part of the work is, contacting out the manufacturing. Then you can focus on eye stopping designs and sell them in a boutique, sell them online and talking with potential resellers and sell with them.
When you are choosing a place to open a clothing boutique, make sure to choose a place with a great foot traffic.
Accordingly, now you may have got a business idea to start with your group of friends. If your team will improve the necessary qualities, you and your team will be success and reward the sense of teamwork. So, choose the correct business that fits to your team and achieve the greatness.