Biz Idea: Boardroom Facilities
Many small businesses don’t have their own boardroom. Woo them with attractive facilities.
Startup Costs: $50,000 – $100,000 About
Franchises Available? No
Online Operation? Yes
Business Overview
The increasing trend toward conducting business enterprises from a home office continues to grow at a record pace in North America. Due to this fact an entirely new business requirement has surfaced. What do you do if your business is homebased, yet you require short-term meeting facilities? There’s one simple solution to the question if you’re an enterprising entrepreneur: you start a boardroom office facility that can be rented and utilized by homebased business entrepreneurs, employees and traveling businesspeople. The best way to reach your target market–which, of course, is homebased business owners–is to join local business associations in your community and start promoting your boardroom rental service. Almost every city and community across North America now has a Homebased Business Owners Association or Chamber of Commerce. Most of these associations host networking meetings, and these networking meetings are fantastic forums to meet other business owners and introduce them to your new boardroom service. Likewise, you’ll want to get the message out to corporate and business travelers that may also require this type of service while conducting business in your area.The Market… read on.
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