A range of businesses can suit Leo 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. ARCHITECTURE FIRM
Architecture firms can be a great option for detail-oriented Leo entrepreneurs with strong marketing skills and a background in architecture or engineering. You can start your firm from home for around $5,000, and, depending on your skills and experience, you can charge $60 to $100 per hour for your services.
Learn how to start an architecture firm.
2. CARPENTRY BUSINESS
Leo entrepreneurs who enjoy working with their hands and building new things completely from scratch might consider starting a carpentry business. Successful carpenters have good math, accounting, and marketing skills as well as the ability to use a wide variety of machines and tools.
Startup costs will vary depending on licensing requirements in your state, but you do have the potential to earn a six-figure income in this line of work.
Learn how to start a carpentry business.
3. GRAPHIC DESIGN BUSINESS
Aesthetically-minded Leo entrepreneurs also might consider starting a graphic design business. Successful business owners in this field have solid networking, marketing, and organizational skills, and a background in graphic design.
You can start this type of business from home for less than $2,000, and most graphic designers earn a profit margin of between 15% and 50%.
Learn how to start a graphic design business.
4. ILLUSTRATION BUSINESS
Similar to graphic design companies, an illustration business can be a suitable business for Leo to explore their passion for the arts. Successful illustrators have excellent marketing skills, a high degree of artistic talent, and a knack for creating a variety of illustrations for their clients.
You can start a home-based illustration business for less than $5,000, and, depending on your artistic and marketing skills, you can earn up to $60,000 per year.
Learn how to start an illustration business.
5. WOODWORKING BUSINESS
Leo entrepreneurs who enjoy working with their hands and have experience using a variety of woodworking tools might consider starting a woodworking business. These business owners typically have strong math and marketing skills along with a solid understanding of the fundamentals of running a business.
You can start this type of business from home for approximately $6,500, and your earning potential will vary greatly based on your business plan, marketing strategy, and location.
Learn how to start a woodworking business.
6. BEAUTY SALON
Leo entrepreneurs with an interest in helping members of their communities look and feel their best might consider opening a beauty salon. You’ll need to obtain the proper licensing, have solid business and marketing skills, and possess a high degree of skill in the services you plan to provide.
Startup costs typically total close to $60,000, and most salons see profit margins around 15%.
Learn how to start a beauty salon.
7. BODY WRAP SPA
Leos with an interest in holistic approaches to wellness might consider opening their own body wrap spa. Successful business owners have professional education and licensing in this field as well as plenty of experience. A warm demeanor toward clients helps as well—something that Leo entrepreneurs often excel at.
While you can use a franchising opportunity to limit startup costs to around $50,000, starting your own spa can cost between $150,000 and $625,000. Your earning potential will vary, but each technician you employ will typically generate more than $30,000 per year.
Learn how to start a body wrap spa.
8. DAY SPA
Day spas also make great business ventures for Leo entrepreneurs seeking to improve the overall health and well-being of their community members. Depending on the services you want to offer, you’ll need to obtain the proper licensing from your state. You’ll also need to leverage your interpersonal skills to successfully market and manage your spa.
If you choose to rent your space or offer mobile spa services, you can limit your initial costs to less than $100,000. Spa owners typically earn $35,000 to more than $100,000 per year.
Learn how to start a day spa.
9. HAIR SALON
Hair salons can provide a promising business opportunity for Leos given their strong leadership skills, optimism, and energy. Successful salon owners have excellent interpersonal skills and the ability to work with a variety of hair and clients.
Startup costs can range from $95,000 to $200,000, including the cost of licensing and training, and you should earn a minimum of $50,000 per year.
Learn how to start a hair salon.
10. LIFE COACHING BUSINESS
While slightly different than some of the other ideas in this category, life coaching businesses can make great lifestyle business ventures for entrepreneurial Leos. This line of work gives Leos an opportunity to motivate and inspire their clients to make good choices regarding their relationships, careers, and more.
Startup costs typically total less than $1,000. Many life coaches earn around $60,000 per year while some of the most successful earn up to $1,000 per hour.
Learn how to start a life coaching business.
11. NUTRITIONIST BUSINESS
Leo entrepreneurs with a passion for nutrition and wellness might consider starting a nutritionist business — especially if they possess top-notch people skills. Successful nutritionists have extensive knowledge about the human body, biology, and nutrition as well as the ability to effectively market their services.
You can start this type of business for less than $2,000, and, with a growing interest in nutritionist counseling, you have the potential to earn a six-figure salary.
Learn how to start a nutritionist business.
Find a Web Domain For Your Leo Business
Securing a web domain and creating a quality website is important for the overall success of a Leo business. You can search for an available domain below:
After registering a domain name, consider setting up a professional email account (@yourcompany.com). Google's G Suite offers a business email service that comes with other useful tools, including word processing, spreadsheets, and more. Try it for free
MARKETING & PUBLIC RELATION BUSINESSES
12. ADVERTISING AGENCY
Creative Leos with a solid mind for business and sales might consider starting an advertising agency. While a formal education isn’t essential, a degree in marketing and at least some advertising experience can prove tremendously helpful.
If you only meet your clients at their offices or in public areas, you can limit your startup costs to less than $5,000. Once you establish your agency, you have the potential to generate six- to seven-figure revenues each year.
Learn how to start an advertising agency.
13. EVENT PLANNING BUSINESS
Event planning can provide an excellent fit for Leo entrepreneurs because this line of work gives them an opportunity to leverage their leadership skills. Successful event planners also need to have excellent marketing, communication, and organizational skills as well as the ability to work with a variety of vendors, clients, and venues.
You can easily start your business for less than $5,000, and you should earn an average salary of $75,000 to $80,000 per year.
Learn how to start an event planning business.
14. MARKET RESEARCH FIRM
Leos with a background in marketing might consider starting a market research firm. The best market researchers thoroughly enjoy learning more about the human psyche, including what motivates people to make a purchase. Most market researchers already have a marketing degree or significant experience in the field as well as excellent research and data analysis skills.
You can start your firm for approximately $25,000, and these business owners typically earn $51,000 per year. Because this industry is recession-proof, the potential for growth is essentially unlimited.
Learn how to start a market research firm.
15. PUBLIC RELATIONS AGENCY
Leos with a background in PR as well as excellent sales, communication, and marketing skills might consider starting a Public Relations (PR) agency. You can open your own PR agency for as little as $1,000, and you have the potential to earn a six-figure salary once you secure a strong portfolio of clients.
Learn how to start a public relations agency.
16. BALLROOM DANCE LESSONS BUSINESS
Leos with a talent for dancing and a passion for ballroom dancing, in particular, might consider starting a ballroom dance lessons business. You’ll need extensive knowledge of social and competitive ballroom dancing as well as a teaching certificate in this field.
Startup costs typically range from $50,000 to $75,000, and you have the potential to achieve a profit margin of 10% to 20%. Your growth will depend on the number of classes you provide, the number of students, and the number of instructors for your business.
Learn how to start a ballroom dance lessons business.
17. DANCE STUDIO
Dance aficionado Leos with a passion for a wide variety of dance genres may want to open their own dance studio. While you don’t have to be an excellent dancer to start this type of business, you’ll need to hire a talented dance instructor. Successful dance studio owners also have basic maintenance and first aid skills — both of which typically come in handy while running a studio.
Startup costs usually range from $50,000 to $75,000, and you can expect a high earning potential depending on the classes you offer, your student volume, and the rate you charge per class.
Learn how to start a dance studio.
18. MUSIC LESSONS BUSINESS
Music-loving Leos who enjoy teaching and can play at least one type of instrument might consider starting a music lessons business. While this business requires no formal education, successful music teachers have a strong background in the instrument or instruments they teach and, ideally, some experience in formal instruction.
If you decide to start your business from home, you can limit startup costs to less than $3,000. Most music teachers do this work part-time and typically charge about $60 per hour so your earning potential will depend on the number of hours you teach per week.
Learn how to start a music lessons business.
Start a Leo Business In Your State
19. INTERNET SECURITY COMPANY
Leo entrepreneurs with a solid background in cybersecurity, computer programming, and systems administration might consider starting 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 BUSINESS
Leo entrepreneurs with strong creative and technical skills might consider starting a software development business. These business owners should be able to code in at least one programming language and possess strong business and marketing skills.
You can limit startup costs to a minimum (around $1,000) if you start your business from home. 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 business.