When it comes to making your own business, the possibilities now are more open than ever before. There’s always going to be the balance between having the safety of working for someone else, for a certain amount of money, that has its draw, but to be your own boss and to create your own opportunities – that’s something that many people strive for as well.

Consider these five ways of creating a business if you’re getting the itch to go out on your own – the franchise opportunity awaits you, web-based businesses are getting more popular, being an independent contractor works for many people, the traditional small business pathway is still available, and doing personal development work is now something that can pan out.

The Franchise Opportunity

Buying into a franchise is a unique opportunity for a number of reasons. You don’t have to build your own brand, as that’s already cooked into the deal. The infrastructure is already in place, so you don’t have to create that on your own. It may cost you some to get started and get your licensing, but after that, the harder you work, the more money you can make.

A Web-Based Business

In order to create a web-based business, all you really need to know how to do is set up a website. And with web services like Squarespace, or content management systems like WordPress up and ready to go for you, then once you have your goods and/or services ready for the public, it’s just a matter of the work of advertising and spreading your word. Web-based businesses offer a freedom of effort and content like never before.

Contracting

You can do creative contracting as your business, which is an interesting way to go as well. This is a little different than the web-based business, as you can do creative work of any sort, though the advertising is usually done over the web. Consider how much money some people have made with their services on Fiverr.com or similar sites, where lots of one-off contracts can make for a legitimate career.

The Small Business Route

The classic way to approach creating a small business is always available too, where you can go through the steps listed at Small Business Administration websites. You can go to seminars, and do your business plan, and work within their constructs as well.

Doing Development Work

Development work as a business possibility is something that many coders and IT professionals have chosen to do. By working independently on coding projects and doing their own troubleshooting, they can then approach companies and offer to do work from that angle. If you’re into programming, that can be a very lucrative approach to personalized business potential.