Consistent sunny days, perfect air temperatures, the beach to the west and the mountains to the east – you’d think that we’re talking about Colorado during the warmer seasons if we didn’t mention the whole beach part. Sorry, Colorado readers, but our focus topic for today is about starting a small business in none other than good ol’ Los Angeles, California.
Home to many different industries and multinational companies, the second largest city in the United States offers many lucrative employment opportunities well beyond that of the entertainment industry. Of course, as nice as it would be to make it big in Hollywood, it’s comforting to know that, despite LA’s growing popularity over the past several decades, there are still a wealth of business opportunities waiting for motivated entrepreneurs like yourself!
Asset-Based Loans In Los Angeles To Grow Your Dreams Into an Actionable Business
As it just so happens to be, The Commercial Finance Group is located in Los Angeles, a place that we see as ripe with opportunity (step aside, New York City). Of course, we can’t forget our Atlanta roots, so we do incorporate that characteristic southern hospitality into our small business lending practice by helping entrepreneurs in need. Curious about how we can help fund your small business in Los Angeles, or are you wondering what you should do with a particular idea? Our asset-based lending experts are here to help! Learn more about asset-based loans today or feel free to drop us a line to learn more.
Whether you’re looking for more ideas for small business inspiration or you want to learn more about the Los Angeles area, keep reading below.
Tourism Services
It’s easy to get lost in the west coast concrete jungle that is Los Angeles, but there’s a ton of surrounding natural beauty in any direction. This potent combination of lively culture and natural landscapes makes LA a desired travel destination, so opening a business catering to domestic and international travelers alike could do very well. If you’re the kind of person that excels at managing tours and trips, consider starting your own travel adventure company and showing people some of your favorite spots both popular and lesser-known. Of course, this requires an extensive knowledge of the area, but if you’re more than familiar with Los Angeles, then go for it!
Translation Services
The most common challenge of international travel and visiting foreign countries is arguably communication. While Los Angeles might not seem that foreign to you if you’ve lived around here for awhile, countless people from around the world visit this California mecca every single year. If you can help translate for visitors to help them get around and have a wonderful trip, then there’s more power to you and them. If you’re proficient fluent in multiple languages like Spanish, Japanese, Chinese, Korean, Farsi or Russia (and of course, other languages), there’s a massive market for translators around LA.
Open a Niche Rental Service
With the presence of Hollywood and the entertainment industry, things like expensive costumes and designer dresses tend to be in high demand. The thing is, most people don’t want to purchase an item at full-price just to use one or two times. Rental services are a great way to get consumers exactly what they’re looking for while saving them significant amounts of money in the process – and what kind of starving actor doesn’t want that? Even with just a one-time minimal investment, your rental service could earn a good profit.
Open a Small Souvenir Shop
Given the thriving tourism industry in Los Angeles, many visitors want to come back with a little something in their pocket. From kitsch gifts to quirky, unexpected trinkets, there’s a lot that you can offer people to take a small piece of Los Angeles culture back home with them. Though opening your own small gift shop does require an initial investment – and of course, starting most businesses require an investment – we can help fund you.
Errand Services
What kind of busy, self-respecting, go-getter LA super-mom has time to buy organic produce and gluten-free bakery goods? Jokes aside, from young parents who have little children to elderly residents who are too weak to go out and do their own grocery shopping, running errands for people is relatively simple and could make you a great deal of cash. Why not get paid to help people handle their time-consuming errands by starting your very own errand-running service? If you’re online, which any modern business should be these days, you can make significant profits in the long-term.
Freelance Development
Not unlike the Bay Area of California, Los Angeles is also quite techy. That means there are plenty of opportunities for freelance development and web design. From designing the website for a recently launched small business (are we getting meta here?) to…well, doing just about anything related to code, the possibilities of being a freelance developer are endless. You could also pool together a few developer friends and form a small team to boost your marketing efforts and client capacity. Freelancing in itself might not be much of a small business, but forming a small team of 3-4 people is nothing shy of an early small business. Brush up on your HTML and get out there!
A House Cleaning Service
A lot of Los Angeles residents move fast around here, and we mean more than just driving around near-recklessly in supercars. Because so many people (couples included) are too busy moving and shaking, this leaves little time to tidy up their space at home, allowing dust to collect and mail to go unsorted during their questionably-healthy 18-hour workday (note: an 18-hour workday is not healthy). Personal connections, professionalism and a job well done will get you far when it comes to starting your own cleaning service.
Event Management Services
There’s always something exciting going on in the city. Why not capitalize on this opportunity? If you have a passion for logistics and a knack for managing even small events or planning parties, becoming a professional event planner could be a great option for you. If you’re playing the long-con and you’re not sure where to begin with event management, start by doing grunt work for an established company, develop connections and gain enough knowledge and experience to start your own enterprise.
Start An Advertising Agency
People need to get the word out about their products and services, so why not help them out? There will always be a market for marketing. With so many new businesses sprawling up in Los Angeles (gee, we wonder who is funding some of them?), there are plenty of ripe opportunities for graphic designers, web developers (see above), cameramen, writers, artists, and other professionals who can embrace the dynamic yet rewarding industry of marketing.
Whatever You Do, Our Los Angeles Asset-Based Lending Professionals Can Help!
From starting an Asian-fusion food truck to flower delivery, the next best small business idea is waiting for you to act on it. As for us here at The Commercial Finance Group, we’re fully prepared to help you fund the business of your dreams. Once you’re ready to act on your idea, contact our asset-based lenders in Los Angeles to get the funding you need to start your business. We’re looking forward to helping you grow and succeed!
