The EntreLeadership Podcast
by Ramsey Solutions
Latest Business Ideas
Crisis Management Consultancy
This business idea is focused on providing consultancy services to companies facing crises or downturns. Given the current economic uncertainties that many businesses face, a consultancy that specializes in crisis management can be invaluable. This service would offer strategic insights, emotional support for business leaders, and tools to analyze their situation based on facts rather than fear. Entrepreneurs can leverage their experience or expertise in business management and develop frameworks to help other businesses navigate crises. Implementation could involve conducting workshops, one-on-one coaching sessions, and creating digital content, such as guides or webinars, to reach a wider audience. The target audience would be business owners and leaders who are either in crisis situations or want to be prepared for potential downturns. This consultancy helps mitigate risks, improve decision-making in tough times, and ensure businesses remain resilient.
From: Our Business Is in the Red (Is It Time to Lay People Off?)
Executive Assistant Service for Small Businesses
This business idea revolves around offering a service that connects small business owners with skilled executive assistants. As many entrepreneurs find themselves overwhelmed with daily tasks, such as managing emails, scheduling meetings, and other admin duties, this service can help streamline their operations. To implement this idea, entrepreneurs can create a digital platform that matches business owners with vetted executive assistants based on their specific needs and business culture. This platform can operate on a subscription basis, providing recurring revenue for the founders while offering valuable support to clients. The target audience would primarily consist of small business owners and entrepreneurs who struggle to manage their time effectively. The business helps solve the problem of time management and allows owners to focus on growth and strategy rather than being bogged down by operational details.
From: Our Business Is in the Red (Is It Time to Lay People Off?)
Digital Inventory Liquidation Marketplace
This idea centers on building an online marketplace designed specifically for niche businesses that need to liquidate large amounts of specialized inventory, such as antique car parts. The platform would allow sellers to categorize, bundle, and list inventory items—whether as individual parts or curated kits—in a format that appeals to buyers like restoration professionals or hobbyists. By aggregating similar items into themed 'starter kits' or crates, the platform helps sellers maximize the perceived value of their inventory while offering buyers an easy, one-stop shopping experience for hard-to-find parts. Implementation could start with a minimal viable product using established e-commerce and marketplace frameworks, incorporating features like advanced search filters, inventory management, and secure payment processing. The platform might monetize through commission fees on sales or flat listing fees. It would solve the immediate problem faced by businesses holding excess unsold inventory by converting it into cash, while also serving a global niche market of antique car enthusiasts. The target audience includes small business owners managing surplus specialized inventory and collectors or professionals looking for rare parts. Specific tactics include partnering with industry influencers, using targeted digital advertising, and leveraging data analytics to optimize listings and pricing strategies.
From: We Made $1.2 Million, But Took Home Nothing
Commission Management SaaS
This idea involves developing a Software as a Service (SaaS) product specifically designed to help service-based companies manage employee commissions in a way that aligns payouts with collected revenue. The software would integrate with existing payroll and accounting systems to automatically calculate commissions based on actual cash received. It would be particularly useful for businesses with complex commission structures, such as companies offering recurring services or those with variable project durations and payment schedules. Implementation would involve building a secure, cloud-based application that can handle real-time data integration from multiple financial sources. Key functionalities might include automated commission calculations, customizable commission rules, and dashboard analytics for tracking sales performance and profitability. The product would address the challenge of traditional commission structures that risk overpaying employees or cutting into margins when revenue is delayed. The primary target audience consists of small- to medium-sized service businesses that currently treat commission as a manual or ad-hoc process. Strategies to launch this product could include a freemium model, initial integration partnerships with well-known payroll platforms, and targeted digital marketing aimed at operations and HR managers.
From: We Made $1.2 Million, But Took Home Nothing
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