A range of businesses can suit Leos 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.
Artistic Leos with an eye for design can find success in a range of design-based businesses. From architecture firms to woodworking businesses, this category includes several great options for entrepreneurial Leos.
Architecture firms can be a great option for detail-oriented Leos 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.
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.
GRAPHIC DESIGN BUSINESS
Creative Leos also might consider starting a graphic design business. Successful business owners in this field have solid networking and marketing 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 percent and 50 percent.
Similar to graphic design companies, illustration businesses also can provide excellent ventures for Leos with a passion for art and design. 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.
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.
Leo entrepreneurs thinking about starting a service-based business might consider focusing their efforts on a lifestyle business. From beauty salons to nutritionist businesses, this category features a number of business ventures that could provide a perfect fit.
Leos 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 percent.
BODY WRAP SPA
Leo entrepreneurs with an interest in holistic approaches to wellness might consider opening a body wrap spa. Successful business owners have professional education and licensing in this field as well as plenty of experience. 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.
Day spas also make great business ventures for Leos 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.
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.
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.
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 you have the potential to earn a six-figure salary.
MARKETING & PUBLIC RELATION BUSINESSES
Leo entrepreneurs with a background in marketing or public relations (PR) can find success and fulfillment in one of these fields. From advertising agencies to market research firms, this category offers several options for Leos to consider.
Creative Leos with a solid mind for business 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.
EVENT PLANNING BUSINESS
Event planning can provide an excellent fit for entrepreneurial Leos 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.
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.
PUBLIC RELATIONS AGENCY
Leos with a background in PR as well as excellent sales, communication, and marketing skills might consider starting a 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.
Leos typically make excellent teachers given their optimistic nature and high energy levels. From providing ballroom dance lessons to music lessons, this category provides three potentially ideal business ideas for Leos.
BALLROOM DANCE LESSONS BUSINESS
Leo entrepreneurs 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 percent to 20 percent.
Dance aficionados 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.
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.
Leo entrepreneurs with a background in the technology industry also can find success by starting a business in this field. Internet security companies and software development businesses both can make ideal ventures for tech-loving Leos.
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.
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.