BEST BUSINESS IDEAS FOR ESTJS
ESTJs typically thrive in leadership roles, and they have a reputation as reliable, highly organized entrepreneurs who love logic-driven policies and procedures. Sometimes referred to as The Executive, the ESTJ personality type includes natural-born leaders with the skills and work ethic required to succeed.
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A range of businesses can suit ESTJ personalities well, as outlined in this list of 20 business ideas. Grouped into six categories, each of these business ideas includes an assessment of the associated startup costs, required skill level, and earning potential.
1. INSURANCE AGENCY
ESTJ entrepreneurs interested in the insurance industry and helping other people might consider starting an insurance agency. You’ll first need to decide if you want to start a captive agency or an independent agency because each option has its own pros and cons. You’ll then need to obtain the necessary license and invest between $10,000 and $50,000 to start this type of business. No matter which agency option you choose (captive or independent), you’ll have the potential to earn about $80,000 per year.
Learn how to start an insurance agency.
2. LIFE INSURANCE BROKERAGE
ESTJ entrepreneurs interested in the insurance industry, but who want to specialize in one area might consider starting a life insurance brokerage. Successful business owners in this field have solid organizational skills, strong attention to detail, a great work ethic, and a passion for helping others. You can start your brokerage for as little as $5,000, and you have the potential to generate six-figure annual profits after a few years.
Learn how to start a life insurance brokerage.
3. REAL ESTATE APPRAISAL BUSINESS
Real estate appraisal businesses can be an excellent idea for detail-oriented ESTJs who enjoy working with numbers and appreciate a flexible schedule. You’ll need a professional license for this line of work in addition to completing the required coursework and training hours. Once you obtain your real estate appraisal license, you can start your business for less than $1,000. Depending on your business model and your success as an appraiser, you can earn between $30,000 and $200,000 per year.
Learn how to start a real estate appraisal business.
4. REAL ESTATE BROKERAGE
ESTJ entrepreneurs with a background in real estate might consider starting a real estate brokerage. You’ll need a real estate broker license as well as excellent organizational and people skills. Startup costs usually total about $10,000, and you have the potential to earn a six-figure income once you secure a steady stream of clients.
Learn how to start a real estate brokerage.
5. STOCK BROKERAGE FIRM
ESTJs with a passion for finance and the stock market might consider starting a stock brokerage firm. You’ll need to be a Registered Investment Advisor (RIA) and willing to work long hours leveraging your leadership skills. While it may cost nearly $300,000 to start your own firm, you can expect to earn profit margins of 5 percent to 40 percent.
Learn how to start a stock brokerage firm.
6. CONSTRUCTION CONTRACTOR BUSINESS
ESTJ entrepreneurs with a thorough understanding of the construction industry, a knack for numbers, and excellent leadership skills might consider starting a construction contractor business. You’ll need at least $10,000 to $15,000 to start this type of business, and you have the potential to earn a six- to seven-figure income once you establish yourself in the industry.
Learn how to start a construction contractor business.
7. HOME INSPECTION BUSINESS
ESTJs thinking about starting a home inspection business should enjoy educating others about home safety and guidelines, have some experience in this field, and possess extensive technical knowledge about home systems and insulation. Your startup costs can range from $10,000 to $30,000, and the average salary for an inspector is $45,000 per year.
Learn how to start a home inspection business.
Find a Web Domain For Your ESTJ Business
Securing a web domain and creating a quality website is important for the overall success of an ESTJ business. You can search for an available domain below:
8. BERRY PICKING FARM
ESTJs with an interest in farming might consider starting a berry picking farm — especially if they have farming experience and enough suitable land to start their own farm. You can sell your berries directly to stores and consumers, allow consumers to pick their own, or combine the two approaches. Typical startup costs exceed $100,000, depending on how much equipment you need to buy, and you have the potential to earn seven-figure profits each year.
Learn how to start a berry picking farm.
9. CHRISTMAS TREE FARM
Christmas tree farms can make an excellent business venture for hard-working ESTJs who don’t mind long hours — especially during the holiday season. Startup costs vary tremendously and tend toward the moderate level if you don’t already have suitable land on which to plant your trees. While some farms generate close to $10,000 annually for each acre of farmland they work, many Christmas tree farm owners yield a total of $15,000 to $20,000 annually.
Learn how to start a Christmas tree farm.
10. FISH FARM
ESTJ entrepreneurs with a basic understanding of fish biology and a background in farming may consider starting a fish farm. Startup costs vary greatly in this line of work and depend heavily on if you plan to start an aquarium-based farm or a commercial fish farm. Either way, you’ll need a minimum of $5,000 to start a business in this field. Depending on the success of your business and the type of fish you farm, you have the potential to earn between $35,000 and $150,000 per year.
Learn how to start a fish farm.
11. HERB FARM
ESTJs with an interest in farming and herbs might consider starting an herb farm business. Beyond simply enjoying this line of work, you’ll need some basic farming, business, and marketing skills to succeed. You can easily start a small herb farm for less than $500, although larger herb farms require a higher upfront investment. Depending on your farm size and the popularity of the herbs you grow, you have the potential to yield $30,000 in profits per acre of land each year.
Learn how to start an herb farm.
12. HYDROPONIC FARM BUSINESS
Hydroponic farms can be a great fit for ESTJ entrepreneurs with a passion for farming as well as a desire to help improve the health and well-being of their community members. Startup costs vary greatly, ranging from $10,000 to several hundred thousand dollars. However, you can generate an extremely high profit with some farms earning millions of dollars in revenue each year.
Learn how to start a hydroponic farm business.
13. MUSHROOM FARM
ESTJs with a passion for both farming and mushrooms might consider starting a mushroom farm. You can start this type of business in your spare time and then increase your hours as your company grows more successful. You can expect minimal startup costs (less than $5,000) and have the potential to earn a six-figure income, depending on the size of your farm.
Learn how to start a mushroom farm.
14. PUMPKIN FARM
Pumpkin farms can be great business ventures for ESTJ entrepreneurs seeking to earn some extra money in the autumn. You’ll need an appreciation for Halloween and the ability to use your extroverted nature to interact with a wide variety of customers. Startup costs usually total $3,000 per acre, and small pumpkin farms typically earn an average of $30,000 per year.
Learn how to start a pumpkin farm.
15. FINANCIAL CONSULTING FIRM
ESTJs thinking about starting a financial consulting firm should already have a thorough understanding of finance and the ability to effectively convey complex financial information to their clients. You also should have some experience working for a financial consulting firm and a Certified Financial Planner certification. If you already possess the necessary education and certification, you can start your business for less than $5,000. This line of work offers the potential to earn a six-figure income.
Learn how to start a financial consulting firm.
16. FINANCIAL PLANNING FIRM
ESTJs with a knack for finance and a desire to focus on their clients’ long-term goals might consider starting a financial planning firm. These business owners should have a proven track record in financial planning and consulting. They also need to feel comfortable working with a wide variety of businesses and individuals. You can expect startup costs of less than $20,000, and you have the potential to earn a six-figure salary.
Learn how to start a financial planning firm.
Start An ESTJ Business In Your State
HEALTH CARE BUSINESSES
17. DENTAL OFFICE
ESTJs who want to open their own dental office should already have a degree from a dental school, a professional license in their state, and several years of experience. Startup costs can range from $250,000 to $500,000, but dentists have the potential to earn seven-figure salaries.
Learn how to start a dental office.
ESTJ entrepreneurs with a deep understanding of how pharmacies and pharmacy benefits work might consider opening their own pharmacy. This line of work requires a highly skilled business owner, preferably with a doctorate in pharmacy as well as a solid understanding of Food and Drug Administration rules and regulations. Pharmacy startup costs usually involve a multimillion-dollar investment. Once you start to see steady business, you can earn about $300,000 per year.
Learn how to start a pharmacy.
19. 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 business for less than $10,000, and you can expect to earn a six-figure income within the first few years.
Learn how to start a law firm.
20. LEGAL CONSULTING FIRM
ESTJ lawyers thinking about starting their own business might consider opening a legal consulting firm — especially if they’re looking for a non-traditional way to practice law. You must have a law 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.