ESFPs want stimulating, hands-on jobs and prefer sociable, enjoyable work situations. They are well-suited as entrepreneurs to create enterprises that offer a service or enable them to see the practical consequences of their work. ESFPs are also creative and like flexible work hours
As indicated in this list of 10 business ideas, ESFP personalities may thrive in a variety of industries.
1. EVENT PLANNING COMPANY
Event planning might be a great match for extroverted ESFPs that like problem solving as well as event planning and execution. Event planners must have strong communication, marketing, and organisational abilities, as well as the ability to collaborate with a wide range of providers, customers, and venues. You may simply start a company for less than $5,000 and make an annual income of $75,000 to $80,000.
2. INSURANCE COMPANY
ESFP entrepreneurs who want to serve others and work in the insurance business can consider opening an insurance agency. You must first determine whether you want to form a captive agency or an independent agency, since each has advantages and disadvantages. To establish this sort of company, you’ll need to secure the relevant licences and spend between $10,000 and $50,000. Regardless of the agency option you pick (captive or autonomous), you might make about $80,000 per year.
3. AGENCY FOR PUBLIC RELATIONS
ESFPs that have a history in public relations (PR) as well as great communication, sales, and marketing abilities may want to explore creating their own PR business. You can establish your own public relations firm for as low as $1,000 and make a six-figure yearly income once you have a constant pipeline of customers.
4. BROKERAGE IN REAL ESTATE
Entrepreneurs who are ESFPs and have a history in real estate may choose to establish a real estate brokerage. You’ll need great organisational and interpersonal skills in addition to a real estate broker licence. Startup expenditures are normally under $10,000, and you may expect to make a six-figure yearly income if you have a constant supply of customers.
5.BERRY PICKING FARM
ESFPs interested in farming may choose to create a berry picking farm, particularly if they have farming expertise and enough appropriate acreage to start their own farm. You have the choice of starting a pick-your-own berry farm, selling just your berries, or combining the two. Typical beginning expenses exceed $100,000, depending on the amount of equipment required, and you have the potential to produce seven-figure earnings each year.
6.CHRISTMAS TREE FARM
Christmas tree farms may be a lucrative business opportunity for hardworking ESFPs who don’t mind working long hours, particularly during the holiday season. Startup expenses vary greatly, but if you don’t already have sufficient property on which to plant your trees, they tend to be reasonable. While some farms earn up to $10,000 per acre of farmland worked, many Christmas tree farm owners earn between $15,000 and $20,000 each year.
7.FISH FARM
ESFP entrepreneurs with a rudimentary grasp of fish biology and a farming experience may want to establish a fish farm. Startup expenses in this area of business vary widely and are mainly influenced by whether you want to establish an aquarium-based farm or a commercial fish farm. In any case, you’ll need at least $5,000 to get started in this industry. You might make between $35,000 and $150,000 per year depending on the profitability of your company and the sort of fish you raise.
8.THE HERB FARM
ESFPs that are interested in farming and herbs may want to try developing a herb garden. Aside from just liking your job, you’ll need some fundamental agricultural, business, and marketing abilities to flourish. A small herb farm may be started for less than $500, however bigger herb farms demand a greater initial investment. Depending on the size of your farm and the popularity of the herbs you cultivate, you may make $30,000 per acre of land each year.
9.BUSINESS OF HYDROPONIC FARMING
Hydroponic farms may be an excellent match for ESFP entrepreneurs that like farming and gardening and want to assist enhance the health and well-being of their communities. Startup expenses range from $10,000 to hundreds of thousands of dollars. However, you may make a lot of money, with some farms bringing in millions of dollars each year.
10.MUSHROOM FARM
ESFPs that are interested in both farming and mushrooms could consider creating a mushroom farm. You may start this sort of business in your leisure time and gradually expand your hours as your company develops. Depending on the size of your farm, you may anticipate low beginning expenses (less than $5,000) and the potential to produce a six-figure income.