Explore These Small Business Ideas When Venturing Out in Hong Kong
The thought of starting a business may be a mixed reaction of both excitement and nervousness. The small business ideas surrounding the various industries in Hong Kong can bring something to smile about. And something to grow on. Now more than ever startup business are coming with brilliant ideas invading the market with the potential to succeed. Before you can think of starting a business, you must also think of legitimizing it.
3E Accounting is a corporate service provider that offers you the opportunity to incorporate your business. Having been in the industry for a while, 3E Accounting is an award-winning service provider from Singapore and also domicile in other parts of the world. With a qualified professional staff of 3ECPA accounting Hong Kong, you’ll get services ranging from:
- Accounting and tax services
- Company licenses/permit renewal
- Small and large business advisory
Now, with the new business ideas sitting side-by-side with existing small business ideas, Hong Kong experiences the best business solution by getting the right information about the legal requirements and standards. With its expansive clientele, 3E Accounting will fulfil your statutory compliance at the most cost-effective manner. The service provider does not discriminate whether you’re a resident or a foreigner because we assist even non-residents who would wish to start a business. Therefore, it doesn’t matter where you are from, because we can provide the help that you need. You only need to visit our website or come to our offices and ask for our assistance. Setting up a company may be tedious, but with us, we iron out any bottlenecks associated with incorporation. So, get in touch with us and your entrepreneurial journey will never be the same again.
With that in mind, these are some of the Top 10 small business ideas in Hong Kong for beginners
A home contractor business idea will sit well with you once you know the industry standards and have project management knowledge. In Hong Kong, it’s not a new business idea, and many homeowners are employing the services of home contractors. As a home contractor, you’ll supervise the planning and implementation of all types of home construction projects, stretching from small home repair and upgrading projects to home constructions. If you’re a beginner and have attained some vocational training or worked under a tradesman through apprenticeship, you can give this idea a try.
A home contractor task is complying with the specifications outlined in the contract. And as if that’s enough, you’ll be responsible for furnishing the project requirements such as the right finances/budget. Work becomes easier for a home contractor if you have a specific budget to work with and, therefore, you must have a project schedule plan and the right workforce.
Translator – Freelance Writer
If you’re good in the art of writing and can translate text from source language to the intended language, then you can pursue this idea. Under small business ideas, translation is now a business idea being explored in Hong Kong by companies that are in content creation and copywriting. The facts are this art is far more than substituting one word with another. You must have the skills of conveying the style, tone, and the intent of the text while putting into consideration a variety of dialects and culture. This means that the final document should have some originality when targeting the intended audience. Of course, during translation, there are certain instances where you retain the source language elements in the target language translation.
If you know you’re a beginner and understand the source language but also write exemplary well in the target language, then this small business idea is meant for you. As we know well that freelance writers peg on the number of words in the source language, you may as well charge in the target language and enjoy your translation business idea.
Set the ball rolling as an interior designer in Hong Kong and enjoy your blissful business success. With some creativity and analytical skills, you can scrutinize the client’s requirement, develop plans and specifications and see to it the completion of projects as per the timeframe and budget. Your intention as an interior designer is to enhance the outlook, usage, and safety of the interior space. Again, it means blending in aspects of colour coordination, lighting, textures, furniture, and three-dimensional relationships. You must learn to work in all manner of buildings, such as shopping malls, offices, homes, restaurants, gyms, and photo studios. A concrete business plan coupled with a workable marketing strategy sets you ready to pursue your dreams as a beginner. So, get your creative skills in interior design out there and grab this opportunity and scale through your profit margins.
Tech Support Business
With the increased use of internet and computers, tech support business is one such new business idea you can explore. You’ll be tasked with the monitoring and maintaining computer systems as well as networks within an organization or a business. Issues that arise concerning malware, passwords, email issues and so on will form part of your technical support. Organizations that would require installation and configuration of computer systems, diagnosing of both software and hardware defects among others fall under the technical support.
Besides the software/hardware faults, you can go the accessories way where you stock computer accessories or supply software equipment or offering after-sale support. When it comes to tech support business in Hong Kong, you must have some high level of technical expertise to be able to handle technical issues. Your professionalism will count in the end as you broaden your clientele base and increase your passive income as a beginner.
Home Cleaning Service
Home cleaning service is a sensitive business idea entrusted by the homeowner working within their private homes. Most busy Hong Kong career women will hire a home cleaner to do their cleaning and, therefore, customer satisfaction is paramount. You can start small with two or three staffs as you build your business progressively.
Ensure that you use natural enviro-friendly cleaning products and invest in cleaning equipment before beginning the business. Home cleaning service may suit beginners as part of business ideas in Hong Kong especially those who do not have much capital to start the business. By building that reputation with the homeowners, I bet you’ll begin getting recommendations and referrals to offer services to other clientele. And so, give a hard look on your business plan and make it sellable to anyone who would wish to offer you support. It could be a lending institution or government agencies who look for the key pointers about your business viability.
There is no daunt that childcare service in Hong Kong is in the uprise. Many young families are looking for reliant daycare facilities where they can leave their young ones whenever there out for work. And so, anyone who loves spending time with kids can get into this business idea in Hong Kong. Each childcare service has a variety of segments depending on the ages of the kids including toddler to the ages of three; we have the pre-school kids and so on. What you need to do as a beginner is to identify the right location, the right facility and of course the legal requirements before incorporating your business.
In Hong Kong just like any other country, childcare is under thorough scrutiny by the government authorities with the emphasis on safety, health conditions and the right qualified professional operating the daycare. Therefore, it may not be as simple as it sounds, in fact, it’s not easy. As an experienced tutor or trainer and good with kids, you can venture into this business idea in Hong Kong and enjoy your freedom as a boss!
Pet owners just like homeowners or mothers with their young ones, mind about how you handle their pets. They would spend to their last penny to get the best pet handler business owner without batting an eye. If you love pets and know how to handle them, you can be a pet walker. Here, your task is to get a central point or centre where you carry out your activities, whether it’s pet walking or playing around. Mostly you’ll be dealing with dogs which may be of different breeds and sizes.
Understanding the dog’s language means that you’ll fair much better unlike just depending on your intuition. Pet walking may also suit someone who is a trained dog handler. As a small business idea, you don’t have to possess huge capital to start the business. Learn to craft a business proposal that explains more on what your good at much less your mission statement and works through the process to start your business.
Aspiring beginners and bookkeeping now fancy small business ideas in Hong Kong. If you have what it takes in accounting (bookkeeping) and possess the credentials to assist small and medium businesses in Hong Kong with their taxes, payrolls, financial forecasting, then this is the right business idea for you. This idea entails a high level of financial accuracy and accounting standards prowess. It’s undebated that you must possess knowledge of laws regarding taxes, employment laws, insurance, merger & acquisitions among others. Running an office as a beginner may be impossible, but you can decide to start a home-based bookkeeping service. Every business whether small or large requires these services and so you stand to succeed if only you do exemplary work. Ensure you register your business and acquire the right permits to operate. Then get out there and start marketing your services to the potential client as a beginner.
Social Media Influencer
Social media influencer is now growing faster than envisaged. Hong Kong has not been left behind as people are looking into ways of influencing culture and society. As a social media influencer, your task is to break down the communication barrier, slice the media and start linking people than never before. You can work with marketing firms or counsellors or talent finders to influence people to buy a particular product. Alternatively, you can seek some counselling services with a particular firm. It goes like this, the more you’re able to influence more people you increase your tally for earning more.
Nowadays, even celebrities or business leaders are using social media to fast track their career to achieve that status. You can upscale your efforts by being the bridge between the celebrities and the business leaders to give the information out there. Besides that, you can have your own online platform where people can reach you whenever they’re seeking the assistance of some kind. Be a thought leader, be a game changer by venturing into the idea of social media influencer in Hong Kong.
The online platform has opened up the business idea in Hong Kong of e-commerce reseller. The idea behind e-commerce reselling is that you buy goods for resale and make a profit. It can apply as an affiliate marketer. In this case, you don’t produce your own merchandise. Instead, you source for products from associated suppliers to sell from their store. You must open an e-commerce website and start looking for the right combination of supply and demand and have a firm appreciation of pricing and costs.
Again, you can craft your own unique place as a reseller by selling the products that aren’t readily available. You can also offer expert advice to would-be buyers or offer assorted products within your niche. Amazon, eBay, and WooCommerce are such platforms where you can source for products. You can be a middleman between the producers and the consumer. On launching your reseller business, you can immediately start selling products. Before deciding on which way to go, do some bit of research and understand how to go about e-commerce reselling in Hong Kong. The list of products to resell is endless it just making that bold move!
Expand your business horizon by investing in one if not two of the small business ideas available in Hong Kong. Make up your mind on what you’d wish to start with and start by crafting your business plan. Do research on the practicable and viability of some of the business ideas in Hong Kong. When it comes to incorporating your company, don’t hesitate or shy off from visiting 3E Accounting service provider for assistance. Our services are accredited, and we appreciate our client’s nice gesture of visiting our office by offering them the best service that you can imagine. Your success is our success. Get in touch with us and begin your journey to stardom regarding your business idea!