The ISFP personality (Introverted, Observant, Feeling, and Prospecting) is friendly, sensitive, and kind, according to the Myers-Briggs TypeIndicato ...
14 Best Business Ideas for ISTJs
Written by: Howard Tillerman
Howard Tillerman is the Chief Marketing Officer for Step By Step Business and an award-winning marketing professional.
Edited by: David Lepeska
David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.
Published on August 29, 2022
Updated on October 2, 2023
People identified as ISTJ (Introverted, Observant, Thinking, and Judging) are quiet, practical, realistic, and responsible, according to the Myers-Briggs Type Indicator. They value traditions, loyalty, and dependability. They also want everything orderly and organized, whether at work, at home, or in their life in general.
ISTJ persons are able to focus on achieving a goal, regardless of distractions. If you’re an ISTJ, you’ll likely find a rewarding career in bookkeeping, financial coaching, woodworking, and construction. Other ISTJ business ideas for you to consider are listed below. Check it out.
You probably think that bookkeepers and accountants do largely the same work, and in some minor areas their work does overlap. But for the most part, bookkeepers perform the minute recording of day-to-day financial transactions, while accountants use bookkeepers’ data to create financial statements and review a company’s financial standing. The work of bookkeepers is, in fact, crucial to financial stability, which is why the US is home to 1.5 million bookkeepers and a growing $55 billion industry.
If you’re hard working and good with numbers, you could start your own bookkeeping business and grab a share of that market while helping countless companies keep better track of their financials. What’s more, you could work from home to start, and market your services to clients around the world.
Keep in mind that you will need to become a certified bookkeeper, which requires a good deal of training and experience. But once you’ve cleared that hurdle and begun building a reputation through great service, you’ll be well on your way to success.
2. Financial Coaching
Thinking of starting a financial coaching business? You’re not alone. Financial coaching is one of the fastest growing industries in North America, and women make up nearly 60% of coaches, so it’s diverse and empowering as well. Financial coaches help people grow their wealth by laying personalized strategies to achieve their goals. This includes budgeting, saving, retirement planning, helpful financial strategies and tools, and more.
You might be wondering how you’ll find clients, how much to charge for your services, and what kind of education you might need. These are all good questions that you will find the answers to as you research financial coaching and begin your entrepreneurial journey. Opportunity awaits!
3. Government Contracting
The US government is one of the world’s biggest spenders, fulfilling more than $1 trillion worth of contracts each year to buy all kinds of products and services, from office supplies to furniture to vehicles. Even small businesses can bid for these contracts, as the US government is required by law to award at least 23% of all contracts to small businesses. Participating in a bid, however, can be overwhelming because you’ll have to comply with various documentary requirements. The competition is also stiff and there’s no guarantee that you will get the contract.
To be able to bid for these contracts, you’ll need to register first as a government contractor. This is a long process that includes various forms of documentation and fees. You’ll also have to catch up on the latest rules and regulations that govern government purchases. Most federal agencies adhere to the same regulations while some organizations might have their own set of rules. There are a lot of opportunities to become a prime contractor or a subcontractor; it’s a matter of where to look for these.
4. House Painting
Are you thinking of starting your own business? If so, house painting may be a good option for you. The US house painting and decorating contractors industry has steadily grown over the five years to 2020. The market may have declined in the last two years because of the Covid-19 pandemic, but it is expected to rebound strongly as the residential construction industry recovers. As more houses are built, demand for house painting services increases.
To get started with your house painting business, make sure you have the necessary equipment and supplies. You’ll need paint, brushes, ladders, and other tools and materials. Next, come up with a business plan and marketing strategy. Figure out who your target market is and how you plan to reach them. There is a lot of competition in the market, so think of ways to differentiate your services from other house painters. Expect to go through a lot of hard work and long hours in order to make it. Finally, make sure you practice safe work habits and follow all relevant safety regulations.
5. Plumbing Business
We rarely think of our faucets, drains, and home water piping systems, but the reality is that plumbing is a massive $120 billion US industry that offers considerable opportunity If you have some plumbing experience, or are just good with your hands and a quick study, you might want to consider starting your own plumbing company and getting in on the action.
If you’re not already a plumber, you could take online plumbing courses or work as an apprentice to an established plumber. Within a few months, you should be ready to pass the test and become a licensed plumber. Once you have obtained all the necessary tools and equipment, all that’s left is to build your website, list yourself with Google Business and start looking for clients in your area and on social media.
There’s always somebody out there with a clogged train, leaky sink or busted pipe, so you should start booking jobs in no time. From there you’ll just need to do good work, and you’ll be on the road to entrepreneurial success.
Are you good with wood? If so, this is a great time to get into the woodworking industry, which has seen steady growth in recent years and is expected to be worth nearly $5 billion globally by 2026. These days, people everywhere are interested in hand-crafted, artisanal goods, from wooden rocking chairs to homemade pies.
You could start your own woodworking business from home for little investment and ride this wave of appreciation for sturdy, traditional products to serious success. Even if the trend slows down, high-quality furniture and other wooden items are always in strong demand.
To get started, there are a few key steps you’ll need to take. First, you should get all the necessary tools and equipment, if you don’t already have them, and brush up on your woodworking with an online class or two. Next, you’ll need to decide what you’ll be making: furniture, figurines and chess sets, decorative plaques and custom wood pieces, or all of the above. The choice is yours, but as long as you choose wood and are willing to work hard, you should find your way to success.
Are you looking to start your own clinic business? It can be a great opportunity to help people in your community and earn an income as well. It’s a fast growing industry in the US, driven by an aging population that needs health care services. Total spending on physician and clinical services exceeded $800 billion in 2020. Even retailers are putting up walk-in clinics to provide convenience to its customers. Retail clinics alone are predicted to grow at least 3% per year through 2028.
The first step in starting your clinic business is to choose your niche. What kind of clinic are you looking to open? Is it going to focus on providing urgent care, or primary and preventive care? Is it going to be a mobile clinic? Who is your target market? You will find the answers to these questions as you do your research. Make sure to comply with licensing and insurance requirements. You will also need to be innovative in marketing your services to reach more prospective patients and achieve success.
8. HVAC Business
There’s a very good reason the US heating, ventilation and cooling (HVAC) industry is worth more than $120 billion: because we all need to heat our homes, and many of us rely on air conditioning as well, and these massive, complex appliances often break down. It’s no surprise that heating and cooling businesses rank among the 20 most common small businesses in America.
If you’re handy with tools, you could start your own HVAC business and help people live more relaxing domestic lives while also making a good living. Even if you’re not an HVAC technician, there are countless classes out there and you could get certified in a matter of weeks.
But you should know that the industry is extremely competitive, which means drawing clients and building a reputation will take hard work and dedication. But with the right tools and resources, not to mention the relevant licenses and permits, you can make your dream of running a successful heating and cooling business a reality.
9. Credit Repair
Do you know that more than half of all Americans have less than stellar credit? It’s true, and you could help some of them get back on their financial feet with your own credit repair business. This is a growing, multi-billion-dollar industry with lots of potential for the serious entrepreneur. It will, however, take some work to get started and attract clients.
The first step is becoming an expert on bad credit and how to repair it by boosting people’s credit scores. You’ll need surety bonds, to guarantee your relationships with clients, and you’ll need to get friendly with lenders and creditors, with whom you’ll regularly work. After that, you’ll just have to find some clients in underserved markets, help them improve their credit and watch the money start rolling in.
10. Handyman Business
If you’re good with your hands and enjoy fixing things, starting a handyman business could be the perfect fit. For one thing, you’ll be doing what you love and taking care of people’s problems. For another, the US handyman industry has been growing steadily for years, and by 2026 the broader home services market is expected to double! So there’s clearly a real opportunity out there.
A key first step will be determining which services you will offer. In addition to repairs, you could offer maintenance, painting, cleaning, drywall, carpentry, minor renovations and more. Next, buy all the necessary tools and start advertising your services on online platforms like Angie’s List.
You could also reach out to landlords, developers and residential complexes offering to provide your services at a discount. Once you’ve delivered great work in your first few jobs, you can bump up your rates. With any luck, you’ll soon be kicking back in the office counting your cash while your employees do the heavy lifting.
11. Web Hosting
Are you looking to start your own web hosting business? If so, you’re in luck!
Nearly every business in the world needs its own website these days, which is driving sharply increased demand. In fact, the global web hosting industry is expected to triple by 2028, reaching $267 billion in revenue. This is one of the world’s fastest-growing markets, and you could get it now and ride this growth wave to serious success.
First you’ll probably want to brush up on your know-how, and there are lots of free and affordable online courses out there to give you a good grasp. Next you’ll likely want to hire a technician or two to do the heavy lifting of web hosting and website services. Finally, before you start marketing your services, you’ll want to make sure you’ve got all the required licenses and certifications.
Now you’re ready to start hosting websites and providing a crucial service to countless businesses.
12. Money Transfer
With increasing globalization, the remittance market has equally expanded, creating more opportunities for money transfer operators. If you’re looking to start a money transfer business, now is a good time to do so. The global remittance market bounced back and moved nearly $600 billion in 2021. The amount of cross-border transactions, including digital remittances, is expected to grow further as more economies come out of a pandemic-induced recession.
Before you start a money transfer business, you need to obtain the necessary licenses and permits, and study the market. Take note that digital or online remittances are fast replacing traditional transfers, which require both senders and recipients to visit a bank or money transfer agent. Digital remittances are done through websites or apps. These are faster and more convenient. If you’re thinking about going digital, it’s important to create a website or an app first. Most importantly, you will have to secure your system and assure customers of safe fund transfers. There will be many challenges, but there are still opportunities for you to make your mark in this industry.
13. Web Design
Do you know of any legit business that doesn’t have a website? That’s right — in today’s digital world, businesses need to have a decent website if they expect to be taken seriously. That’s why web design is a $40 billion industry that’s seeing steady growth as the number of new US businesses hits record highs. All those new companies will need websites, which means right now is a great time to start your own web design business and design a bright future.
First, if you’re not already an established graphic designer, you will need a bit of training. But there are many helpful options out there, including online educational platforms that offer subscriptions that allow you to take as many classes as you want. Alternatively, many universities offer affordable website design certification courses. Once that’s sorted, the next crucial step will be building your own website, which has to be fantastic or nobody will trust your skills.
With some quality social media marketing, you should be able to rope in a client or two. Impress them and you’ll be on the road to design success.
If you’re looking for a venture that will make big profits and create jobs, then consider starting a construction business. The US construction industry was estimated to be worth $1.4 trillion and employed more than seven million people as of 2020. Although it suffered a slump in the last two years because of the pandemic, it is anticipated to rebound strongly as the government’s stimulus package is expected to boost infrastructure spending.
There are a few things you need to know first, like choosing a business structure. You’ll need to comply with legal, insurance, and other requirements to avoid legal issues later on. It’s also a good idea to prepare a business plan, which will include your financial and marketing plans, to give you a clearer picture of what your company needs and how it will operate. It would also be wise to contract the services of a lawyer to help with crafting contracts, agreements, and other legal documents before moving forward with any construction projects. Starting a construction business can be challenging but you can make it work if you plan carefully and invest time and money in it.
14 Best Business Ideas for ISTJs
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