What is a Good Saturday Business?
Normally, when we talk about ‘work days’, we’re referring to Monday through to Friday. Most of us keep this part of our lives separate from the weekends, which we reserve for rest and relaxation. But if you think about it, a lot of people spend their weekends working, and for others, it’s actually the busiest part of the week. This may seem counter-productive, but there’s actually some method in the madness. For instance, certain businesses make a killing by providing the very tools and services with the rest of us use to enjoy our time off on Saturdays and Sundays. Others simply see it as effective use of their spare time when they could be making some extra cash. Regardless of the details, the idea of starting a weekend business may have got you asking a few important questions, like – What are the best businesses to run on a weekend? How hard is it? And is it really worthwhile? What is a Good Saturday Business?
There are many different businesses that you can start on a weekend, but the best ones are usually those that take advantage of their unique timing and the benefits it provides.
In other words, you could start your own law firm that only works on weekends… but you’ll probably struggle to outpace the other firms that work throughout the week. Rather, you should try starting a business that benefits from being run on a weekend.
For example, most parties and weddings tend to take place on either a Friday or a Saturday, thus, working as a planner or organiser for these events would see the most effective use of your time.
It doesn’t stop there, though. There are actually quite a few businesses that thrive during the weekend and provide a nice bit of revenue to those running them.
What Kind of Business Can I Do on a Saturday/Weekend?
Some of the more common weekend businesses include –
- Fitness/Sports Instructor – Most people have to work throughout the week, so they don’t have a lot of spare time to dedicate to exercise. However, many of us like to spend some time on the weekends getting in shape and burning off the extra calories. This can provide an excellent opportunity for entrepreneurs with a knack for fitness.
- Catering – As mentioned, parties and celebrations tend to occur during, or around, the weekend. Providing the food and drink for such gatherings can net you a healthy profit without locking you into a full week’s work.
- Tutoring – Much like physical training, few people have the time to learn a new skill or advance their knowledge during the week. You can capitalise on this fact by providing instruction on a wide variety of topics to those in need. The possibilities are endless and can include anything from teaching someone a new language to running cooking classes for entire groups of learners.
- Venue Operator – Maybe you own a property that’s not being used to its fullest potential. If that’s the case, you may want to consider renting it out for the aforementioned parties and events. This can provide a worthwhile stream of revenue while simultaneously freeing up the rest of your week.
- Vendor – There are a lot of different things for people to do on their weekends. They may go to the beach, a concert, a park, etc. But no matter where they go, they’re going to need food and drink. This then provides a real chance for businesses to satisfy a basic need while earning a decent profit for themselves.
Is it Good to Start a Business on a Saturday/Weekend?
As mentioned, a weekend business can be highly successful if it takes advantage of the timing.
Let’s say, for example, that you decided to open your business at the local mall on Friday, Saturday and Sunday. Amongst other benefits, you’ll be enjoying an increased level of consumer traffic (because everyone’s out shopping on their weekend) while simultaneously dealing with less competition (if other shops take the day off).
Additionally, you may end up saving a lot of money by closing down your business during the quiet weekdays. Companies that stay open all week long without receiving much traffic, probably end up spending more money on things like rent and electricity than they receive through sales.
What Small Business Pays the Most?
Any company with a low upkeep cost and/or starting investment will usually end up being the most profitable.
“Having a company that makes R10 million per month sounds great, but if it costs R11 million per month just to stay afloat… Well, that’s less great.” – Roscoe Field
In other words, you’ll normally be better off with something like an online tutoring business or a writing service that costs you almost nothing to run and allows you to retain all of your profits, regardless of what they are.
What Business – Brings in the Most Profit?
If we’re focusing solely on profits, trade industries usually enjoy the highest level of turnover, with clothing and food services making up a large proportion of that profit.
That said, when we factor in the upkeep costs of these ventures, we generally find that business services, ie, companies that do not necessarily create a tangible product (IT companies, consultants, etc), usually end up with the highest profit margin ratio.
What Kind of Business is Easiest to Start?
The easiest businesses to start are normally the ones that do not require a huge amount of extraneous skill, capital, knowledge, etc. In other words, if you can already play an instrument, and if you have the requisite people skills, a tutoring business would probably be the easiest thing for you to start.
On the other hand, if you’ve never used an oven in your life and you don’t have the money needed to purchase one, you should probably put off opening up your own bakery.
Are Weekend Businesses Worth Starting?
The great thing about running a business on the weekend is that you get to decide whether or not you should commit to it.
Because it leaves the rest of your week free, you’re able to continue on with your normal job while you get your weekend business up and running. This means that, if your business idea had to fail, you’d still be able to keep your head above water, financially speaking.
Unlike a full-time start-up, which requires you to quit any other work and commit fully, a weekend business comes with a certain level of flexibility and can provide you with an extra bit of cash as it grows. Then, if it becomes a viable income option down the road, you can devote yourself to it entirely and leave your old job behind.
In Conclusion – What is a Good Weekend Business to Start and is it Worthwhile?
Generally speaking, the best weekend businesses to start are the ones that require a low level of capital and external expertise, while simultaneously taking advantage of the high consumer traffic and low competition that usually exists on a weekend.
Put simply, a skilled singer/performer may be able to make a healthy profit if they offer their services during the weekend when the majority of parties and celebrations take place.
On the other hand, an accountant willing to work on the weekend probably wouldn’t receive too much extra business as their services aren’t usually sought after more readily during these times.
Some of the best weekend business ideas include things like –
- Fitness/Sports Instruction
- Renting Out a Venue
- Working as a Food/Beverage Vendor
Low upkeep and investment costs also tend to add to the overall profit of a weekend business as the majority of the money that’s made can be kept by the individual instead of being funnelled back into the business to cover various overheads.
When taking these necessary costs into account, businesses that offer services rather than tangible goods usually receive the highest overall profits.
Individuals should also focus on starting businesses that they are familiar with, rather than branching into new and unknowable areas. In other words, dressmakers will have a much easier time selling dresses than something like food or drink.
It is also a good idea to keep your full-time job when you start your weekend business, at least at first. If your start-up should happen to fail, you’ll at least have a financial safety net to fall back on. If your business takes off, you’ll be able to quit your original job and apply yourself more fully to the new venture.
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