10 Family Small Business Ideas

February 15, 2017

The Conway Center for Family Business reports family businesses make up 64{083390938f484c452e08a84ea1fac0a9158b26745442978ab7ea4003b5815b10} of US gross domestic product and account for 62{083390938f484c452e08a84ea1fac0a9158b26745442978ab7ea4003b5815b10} of the country’s employment. In this blog post, you can find a list of family business ideas that can help you start your own family business to make your living.

To take your business off the ground and grow, you’ll need access to capital. Turn to First American Merchant if you need a small business loan to start your business. FAM boasts an A+ rating with the BBB and offers exceptional business funding opportunities to merchants of any type and size.

  1. Family Restaurant

Consider starting a family restaurant. All the members of your family can be involved in this type of business as it requires multiple people and different skills. Make your family restaurant appealing to people in the local community.

  1. Local Newspaper

Starting a local newspaper or other print publication is another nice family business idea. Aim at people in your local community. All the members of your family can help you start and grow this business.

  1. Website in a Specific Niche

You can try opening a niche website to offer information or provide a forum for people so they can communicate with one another. Consider charging a membership fee or raising money through ads or affiliate links.

  1. Farm

Family farming is another practicable idea to try if you have the necessary resources.

  1. Home Rental or Vacation Rental Business

If you own more than one homes or properties, or you can afford to buy them, you can rent them to other people. You can also rent out spaces to vacation using services like Airbnb or you can start your own website.

  1. Bakery

Starting a bakery is another great idea. Consider selling individual baked goods or even do custom desserts for clients or special events.

  1. Local Store

You can also open a local retail store to offer anything from electronics to clothing.

  1. Child Care Service

Starting an in-home day care business is another idea to try. All the members of your family can help you provide child care services for clients.

  1. Online Courses

Consider a business that offers online courses about specific topics due to your area of expertise. This is another great idea to make money.

  1. Ecommerce Reseller

Start a business by buying and reselling products on ecommerce platforms such as eBay and Amazon.

A great idea combined with a great family will result in a great family business. Take time to plan your business carefully so to build a successful family business.