Best Business Ideas for ENTPs
ENTPs have a reputation for an innovative nature and a penchant for problem-solving. They make excellent entrepreneurs and prefer roles in which they can flex their creative muscles.
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A range of businesses can suit ENTP personalities well, as outlined in this list of 20 business ideas. Grouped into five categories, each of these business ideas includes an assessment of the associated startup costs, required skill level, and earning potential.
ART & DESIGN BUSINESSES
1. 3D PRINTING DESIGN BUSINESS
ENTP entrepreneurs with a knack for both art and design may find starting a 3D printing design business greatly rewarding. Highly skilled in 3D design, successful business owners also must have experience using 3D software and printers. You can start this type of business for less than $10,000, and the average income for a designer is around $53,000.
Learn how to start a 3D printing design business..
2. ARCHITECTURE FIRM
Architecture firms can be a great option for ENTP entrepreneurs who have excellent attention to detail, a background in engineering, good marketing skills, and don’t mind working long hours. You can start your firm from home for around $5,000, and you can charge $60 to $100 per hour for your services.
Learn how to start an architecture firm.
3. COMMERCIAL PHOTOGRAPHY BUSINESS
Commercial photography businesses can be ideal for ENTP entrepreneurs with an eye for photography, a talent for shooting images for marketing and advertising purposes, and a willingness to work long hours. You’ll need a minimum of $10,000 to $15,000 to start this type of business, and you have the potential to earn a six-figure salary.
Learn how to start a commercial photography business.
4. FASHION PHOTOGRAPHY BUSINESS
Talented photographers with a passion for the fashion industry might consider starting their own fashion photography business. In addition to having a great artistic eye, fashion photographers also need excellent marketing and sales skills. Startup costs average at least $10,000 and you can generally earn up to $69,000 annually.
Learn how to start a fashion photography business.
5. FILM PRODUCTION COMPANY
ENTPs with a passion for the film industry and a talent for storytelling might think about starting a film production company. Although not essential, some formal education in film or digital production can help business owners succeed in this field. Your startup costs can vary greatly, reaching nearly $100,000 for a larger company. The median salary for directors and producers is $71,000 per year.
Learn how to start a film production company.
6. PHOTOGRAPHY BUSINESS
Photography business owners can use their creativity and problem-solving skills while enjoying a flexible schedule, which makes this field a great fit for ENTPs. If you already own your equipment and plan to run your business from home, you can limit your startup costs to around $2,000. Some of the best photographers can earn six-figure salaries.
Learn how to start a photography business.
7. BUSINESS CONSULTING FIRM
ENTPs with a strong business background may consider starting their own business consulting firm. Successful consultants have a deep knowledge of business, marketing, management, and team-building along with the ability to successfully convey their advice to high-level executives. You can easily start your consulting firm for less than $5,000, and you can charge a minimum of $250 per hour for your services.
Learn how to start a business consulting business.
8. HUMAN RESOURCES CONSULTING FIRM
ENTP entrepreneurs with a background in human resources and the ability to market their services may want to consider starting a human resources consulting firm. You can start this type of business for less than $10,000, and you can charge $99 to $185 per hour for your services.
Learn how to start a human resources consulting firm.
9. MARKET RESEARCH FIRM
The analytical and innovative nature of ENTPs may make them perfectly positioned to start their own market research firm. You should have great leadership skills and meticulous attention to detail. If you want to start small, you can do so for less than $5,000. In addition, the average salary for a solo entrepreneur in this field is around $50,000 per year.
Learn how to start a market research firm.
10. PROJECT MANAGEMENT CONSULTING BUSINESS
ENTPs with a solid background in business and project management might think about starting a project management consulting firm. Successful project management consultants have a high degree of skill as well as a background in IT, finance, or business. You can start this type of businesses for less than $1,000, and your earning potential — while variable — should be at least $50,000 per year.
Learn how to start a project management consulting business.
11. PUBLIC RELATIONS AGENCY
PR agencies are another area in which ENTPs can shine. This line of work is great for people with excellent communication, sales, and marketing skills. You can start your agency for less than $1,000 and, while it’ll take time to build momentum and establish your business, you can easily earn around $60,000 per year.
Learn how to start a public relations agency.
Find a Web Domain for Your ENTP Business
12. FINANCIAL CONSULTING FIRM
Financial consultants need a thorough understanding of finance as well as a background in wealth management or experience working for a financial consulting firm. You’ll also need formal education and a Certified Financial Planner™ certification. You can start your financial consulting business for less than $5,000, and you have the potential to earn a six-figure salary.
Learn how to start a financial consulting firm.
13. FINANCIAL PLANNING FIRM
Financial planners are one specific type of financial consultants, focusing on the long-term financial goals of their clients. These business owners should have solid experience in financial planning and a Certified Financial Planner™ certification. You can start this type of business for less than $20,000, and you have the potential to earn a six-figure salary.
Learn how to start a financial planning firm.
14. STOCK BROKERAGE FIRM
ENTPs with a passion for both finance and investing might consider starting their own stock brokerage firm. Serving as Registered Investment Advisors and fiduciaries, successful business owners in this field also need some management experience. While these firms require high startup costs — typically near $300,000 — you can expect to earn profit margins of 5 percent to 40 percent.
Learn how to start a stock brokerage firm.
15. LAW FIRM
If you’re currently a lawyer and interested in starting your own business, then consider opening a law firm. You’ll need a license to practice law in your state along with several years of experience. You can start your firm for less than $10,000, and you can expect to earn a six-figure income once you establish your business.
Learn how to start a law firm.
16. LEGAL CONSULTING FIRM
Entrepreneurial lawyers also might consider opening their own legal consulting firm. This business idea offers ENTP lawyers an opportunity to engage in non-traditional methods of practicing law as well as complete control over all aspects of their practice. You must have a legal degree, a license to practice law in your state, and several years of experience. Your startup costs should not exceed $5,000, and profits for a one-person firm can reach six figures.
Learn how to start a legal consulting firm.
Start an ENTP Business In Your State
17. APP DEVELOPMENT COMPANY
ENTPs with excellent programming and development skills might consider starting an app development company. Successful app developers have a combination of development, problem-solving, and time-management skills. You can start your business for less than $10,000, and developers tend to earn six-figure incomes.
Learn how to start an app development company.
18. CRYPTOCURRENCY BUSINESS
Cryptocurrency businesses may be perfect for ENTP entrepreneurs who enjoy reading about and working with cutting-edge technology — and can accept a certain degree of risk. These businesses usually require less than $10,000 to start while offering a high earning potential.
Learn how to start a cryptocurrency business.
19. INTERNET SECURITY COMPANY
ENTP entrepreneurs with a solid background in cybersecurity, computer programming, and systems administration are well-suited to start an internet security company. While you’ll face very high startup costs (around $500,000), large firms can earn more than $1 million dollars in annual profits.
Learn how to start an internet security company.
20. SOFTWARE DEVELOPMENT COMPANY
ENTP entrepreneurs with strong creative and technical skills may be well-suited to open a software development business. These business owners should be able to code in at least one programming language and possess strong business and management skills. You can limit startup costs to a minimum (around $1,000). While your earning potential will depend heavily on your business plan, successful companies can earn several million dollars per year.
Learn how to start a software development company.