A range of businesses can suit ESTP entrepreneurs 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.
1. LIFE INSURANCE BROKERAGE
ESTP 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 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.
2. MORTGAGE BROKERAGE BUSINESS
Logic-driven ESTPs also might enjoy starting a mortgage broker business — especially if they have a background in banking, excellent people skills, and a license to operate in their state. You can limit startup costs to less than $2,000, and most mortgage brokers typically earn a 10% to 50% profit margin.
Learn how to start a mortgage brokerage business.
3. REAL ESTATE BROKERAGE
ESTP 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.
4. STOCK BROKERAGE FIRM
ESTPs 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 in a fast-paced environment. While it may cost nearly $300,000 to start your own firm, you can expect to earn profit margins of 5% to 40%.
Learn how to start a stock brokerage firm.
Find a Web Domain For Your ESTP Business
Securing a web domain and creating a quality website is important for the overall success of an ESTP business. You can search for an available domain below:
5. CONSTRUCTION CONTRACTOR BUSINESS
ESTP entrepreneurs with a background in construction, a knack for numbers, and a good mind for business 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.
6. ELECTRICIAN BUSINESS
Electrician businesses offer another great business venture for ESTP entrepreneurs because this line of work requires logical problem-solvers who like working with their hands. You’ll need some sort of formal education or an apprenticeship to learn the skills required to succeed in this field. You can start your small business for as little as $5,000, and you can expect profit margins of between 1.5% and 2%.
Learn how to start an electrician business.
7. HOME INSPECTION BUSINESS
ESTPs 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 knowledge about home systems, insulation, and related government regulations. 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.
8. LANDSCAPE DESIGN BUSINESS
Entrepreneurial ESTPs also might consider starting a landscape design business — especially if they have a knack for landscape design, enjoy working with plants, trees, and flowers, and don’t mind getting their hands dirty. These small business owners divide their time between creating designs at a desk and working directly with contractors at client sites. You can start a landscape design business for less than $10,000, and you can typically charge $50 to $150 per hour for your services.
Learn how to start a landscape design business.
9. LAND SURVEYING BUSINESS
ESTP entrepreneurs with a talent for understanding maps, using math, and leveraging computer-aided design (CAD) software might consider starting a land surveying business. With moderate startup costs typically in the tens of thousands of dollars, this business can generate an annual salary of about $60,000 — depending on how many surveys you complete per year.
Learn how to start a land surveying business.
Start an ESTP Business In Your State
10. BERRY PICKING FARM
ESTPs with an interest in farming might consider starting a berry picking farm — especially if they have farming experience and enough suitable land to 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.
11. CHRISTMAS TREE FARM
Christmas tree farms can make an excellent business venture for ESTPs who love working with pine trees and 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.
12. FISH FARM
ESTP entrepreneurs with a basic understanding of fish biology and an interest in taking a creative approach to farming might 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.
13. HERB FARM
ESTPs 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.
14. HYDROPONIC FARM BUSINESS
Hydroponic farms can be a great fit for ESTP entrepreneurs who enjoy farming and have a passion for improving 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.
15. MUSHROOM FARM
ESTPs 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.
16. PUMPKIN FARM
Pumpkin farms can be great business ventures for ESTP entrepreneurs seeking to earn some extra money in the autumn. Successful business owners in this field have good farming and customer service skills as well as an appreciation for Halloween. 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.
17. FINANCIAL CONSULTING FIRM
ESTPs 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.
18. FINANCIAL PLANNING FIRM
Entrepreneurial ESTPs 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.
HEALTH & WELLNESS BUSINESSES
19. CHIROPRACTOR CLINIC
Chiropractor clinics can make great business ventures for ESTPs because this field enables them to combine hands-on work with a logical approach to health and wellness. You’ll need a doctorate degree and a professional license to practice in your state. You can start a chiropractor clinic for about $100,000, and you’ll generally see profit margins between 30 percent and 35 percent.
Learn how to start a chiropractor clinic.
20. PERSONAL TRAINING BUSINESS
ESTPs in excellent physical shape with a passion for improving the fitness of others might consider starting a personal training business. While you don’t need formal education in this line of work, you will need to leverage your interpersonal skills to motivate clients to reach their physical fitness goals. Startup costs typically total about $2,000, and personal trainers generally earn about $50,000 per year — with the potential to earn much more once they have a steady stream of clients.
Learn how to start a personal training business.