50 Tax Free Business Ideas You Can Start In 2023

It was a bad habit. Buying books and not finishing them...

One tap on Amazon, and bang, there it was on my kindle or my doormat the next day. I’d fleetingly read a review or even just a crunching blurb and my key words, curiosities or aspirations had slapped me round the face and before I’d considered a sensible swipe-by it was too late.

I’d become a heavy user. Buying non-fiction books at quite a click. But the problem was not so much the cost — at the most I was spending £20 a month — which I saw as a solid investment in potentially 2–3 life-changing reads. The problem was I couldn’t get past page 100 (or 25%) of almost all of the books I’d bought.

After the second video game company I founded, Acclaim Games, was acquired by Walt Disney (Playdom was the original buyer), I wanted to take a break from the entrepreneurial side of the business and become an investor. I set a personal goal for myself to invest in 60 companies, and since I was living in LA, I decided to invest in startups in LA too.

Where do you start with that goal? How do you find entrepreneurs to support? As I started this journey, I realized that an accelerator model was quite effective for my purposes, and so StartEngine, the accelerator, was born.

We offered companies $20,000 for a 10% stake in the company and 90 days of mentorship. Given we were one of the first accelerators in LA, we had a lot of interest. Ultimately, we accepted around 5% of applicants and had 60 companies participate in the StartEngine accelerator in total.

In 2011, coming out of college, I miserably tried to start a penny auction website. I studied Political Science at University, which had absolutely no bearing on this idea. I knew I wanted to do something entrepreneurial and was consumed by this auction model. I had my own specific mechanics that I thought would make the game a lot more fair for the average consumer. But alas, 6-8 months later, after burning through thousands of dollars trying to get the technology right, I was absolutely nowhere.

I was resigned to not give up, but the mechanics of the auction are critical to the smooth operation of the website and if you can’t get it right you don’t have a business. So I decided to start taking on some freelance writing work, just to get some cash in.

One thing led to another and I started getting some bigger clients with bigger asks. Eventually, I snowballed hiring some writers and copy editors. Turning this thing into a full-time business operation.

It began as a side project while building a web app. I had wanted to launch something helpful to a broad set of people. And I wanted to launch something that could run without my interference.

In the company that I co-founded, to do ad sales we were constantly building biz models and outreach in Google Sheets. My co-founder earlier this year mentioned that all my Google Sheets look great. And are way above anything else he had seen.

I didn’t have to validate it, necessarily, before creating it. I just launched the damn thing on a Friday. Landing page, 4 free videos, and 4 paid videos. I set a price and moved on with my life. Come Monday I had a sale, and everything blasted off from there.

In true Hipcooks fashion: I’m not a culinary school graduate — I’m a hack! Here’s my story:

I’m first-generation American (Mom is from Germany and Dad from Argentina). My parents were young foreign students in the US and their friends were the other international students: I was a kid surrounded by people from different nationalities, like Spain, Russia, France, and the UK. I was a child foodie and loved to experience culture through food.

I caught the travel bug early, living in Argentina (studying economics in college), traveling through Europe, and moved to England for graduate school (I have a Master’s in Economics from LSE.) While in school, I cooked my way through a series of London restaurants in the gastro-boom of the ’90s, just for fun. My first job was on the West Coast, as an econometrician at the RAND Corporation.

I had spent my whole adult life after college living in Los Angeles working in the entertainment industry, first as an actor, then in production (Greenstreet Films) and talent representation (Endeavor and 3 Arts). After years in the business, I got frustrated with how long it took to get movies made and wanted a change.

A friend of mine was working in wealth management at UBS in Beverly Hills and got me an interview. I was always trading stocks since college and envisioned myself as Bud Fox from Oliver Stone’s Wall Street, where I would one day grab some whale clients and make millions managing money for them. My salary tripled overnight from my Hollywood assistant salary and I quickly aced my Series 7 and was on my way.

The year was 2008, the beginning of the financial crisis. I remember being sent to UBS headquarters in Weehawken, NJ for training in the same week that Bear Stearns and Lehman Brothers were on the verge of bankruptcy. It wasn’t a good sign. They ended up laying off all the young advisors and towards the end of 2009, I was unemployed and jobless. I moved back to NYC to try and find a job on the institutional side of Wall St.

Tim and I met during an online hackathon. During the hackathon participants were encouraged to meetup for real. We actually got on really well, and stayed friends and kept spitballing ideas for a startup for years.

At this time, I was a design student at Central Saint Martins and I had recently won a competition for Sony Music creating an interactive music video for the band Hurts with my friend Virgil. Then soon after graduation, I started working as a creative technologist in London for a bunch of different advertising & branding agencies and a few startups too.

We both had previous experience in another start-up called Soul id which was a social media platform for action sports. We ran the marketing and media at that company which was a blast. After we left that company, we split directions. Eli got involved in the eCommerce industry by starting a brand called Winterial which he grew to hundreds of SKUs. Kyle headed in the media direction and started a commercial photography company where he worked with Fortune 500 companies and small businesses.

At this time Kyle wanted to be able to get back in the start-up world, grow a large brand and a team of like-minded creatives and innovators. So like any entrepreneur, he jumped on Google and started to search for media companies that were also technology-based companies as well. That is where the inspiration of starting a digital agency that solely focused on the media portion for brands and product companies came to life.

Culture is the centerpiece of a successful company. Creating a place for employees to come to work and enjoy what they do, the environment and who they work with will pay long term dividends.

• Giovanni Smith, Kendell Johnson, and Preston Martelly co-founded Subskryb, a luxury vehicle subscription service.
• Through Subskryb, car owners can list their high-end cars while renters can choose from the listed cars and book them daily, weekly, or monthly.
• This subscription-based car-sharing & car rental company leverages technology to revolutionize personal mobility while building a VAAS (Vehicle-As-A-Service) model with car owners and renters.

Watch the full interview on youtube.com ➜

Hey! My name is Dominic Monn, I am the founder and CEO of MentorCruise, the go-to place if you are looking for career coaching.

Currently, we’re making around $24,000 per month in commissions and we’re processing north of $120,000 every month for our mentors.

Hi, my name is Jeff and I started Stoic Muse last year as a creative side project. I am currently selling about 100-150 t-shirts per month ($3K revenue) with around a 40% margin. I am hoping to sell 500 in December!

I'm Bryan Clayton CEO of GreenPal which is best described as Uber for Lawn Care.

Good thing early investors told us no because with their capital they would have owned and controlled 30% of our business.e are self-funded and my cofounders and I own it all.

Hi! My name is Dustin Maze. I am the owner of SOCO Waste, a locally owned and operated residential waste removal business based in Colorado Springs, Colorado.

Originally the loan provided a trailer and 5 dumpsters. We now have 51 dumpsters, two roll off dumpster delivery trucks and two residential garbage trucks. We are projecting $700-800k in sales for 2020.

Hello, my name is Yuki Lee. I'm the co-founder of Bagitan Packaging Company - a company that produces paper packaging products in China. Our primary products are paper bags, food packaging, foil packaging, and other disposable packaging products used in restaurants and takeout meals.

Since our inception in 2008, we have expanded into a company with annual net revenue of $200,000 and over 50 employees. It has been an incredible experience working with my partner - Frank Ouyang, he created the company Panda Paper Roll (see the story here), and we have learned many lessons along the way. I hope our experiences will be helpful to other entrepreneurs who are looking to start their own business in China.

Manoj: Kamlesh Ramchandani and I (Manoj Tulsani) are the founders of Rayna Tours and Travels. Fueled by our deepest interest in travel and entrepreneurship, we kicked off our business journey a decade ago from a small travel counter inside a five-star hotel in Dubai.

Kamlesh: We’ve been in the industry for over a decade and have now become a niche provider of destination management services in Dubai. As a one-stop, customer-oriented business for all travel needs, our main organizational goal is to design and craft travel services and packages in such a way that each of them ideally responds to the dynamic market trends as well as our clients’ specific travel requirements. We offer our full suite of travel solutions through our wholly-owned Rayna Group.

Hi there, My name is Susie Q Aranda and I’m the owner of Garage Gym Barbell Apparel. I design pretty things for strong women right in my garage. Providing tees, leggings and more for women of all sizes including our stronger plus size lifters. In addition, I also offer free garage gym workouts to follow at home and if you’re local; in person only women strength classes.

I believe that anyone, anywhere, at any level is capable of starting or continuing their fitness journey…even in their home garage! That's where Garage Gym Barbell began and has continued to grow.

Hello, My name is Sina Sinry. I am an entrepreneur and I started an eCommerce business selling the best performing Forex robot. I have developed and sold thousands of forex robots and helped individuals and businesses to grow their figures to 5 to 6 times higher. I have started three companies in one year.

The products I sell make trading very easy by introducing automation in the life of a trader. All our designed tools save a lot of time for traders and predict the best time to sell and buy stocks. The beauty of eCommerce and dropshipping are endless opportunities. My monthly earning is more than $100,000 per month and continues to increase.

Innovation Plumbing started as an idea in 1990, and officially in 1991 when my dad got his C 36 plumbing license for the state of California. I was two years old at the time.

Over the years Innovation Plumbing has grown and evolved into a devoted list of repeat customers who are more like family to us. Makes sense, in a family business!

Sanya Gurnani and Biju Ashokan are the founders of Radius Agent, an online real estate brokerage focused on helping agents succeed.

The company gives real estate agents the appropriate tools to market and brand themselves, generates leads, and uses technology to increase sales conversions.

Their Series A funding of $13.1 million accelerates their expansion plans as they aim to reach a 5X growth rate and add eight more states by 2022.

Listen to the full podcast on podcasts.apple.com ➜

Hi, my name is Mony Raanan, and I’m the founder of Voice Crafters, a multilingual voice-over agency and marketplace.

Voice Crafters operated as an agency until early 2020, at which point we launched our online marketplace. This move essentially helped double our revenue to over $765,000 in 2022 with a bottom line of around 30%.

Hey, I’m Lacy and I’m a content strategist, author of the bestselling Kindle ebook Make a Killing With Content, and the Director of The Content Direction Agency. We specialize in done-for-you content strategy and writing retainers for the content between launches or promotions that helps businesses grow, nurture, and prime their audience to say “hell yes!” before they ever see the offer.

Over the past 9 years, we’ve helped hundreds of business owners create bespoke content strategies to consistently drive quality traffic to websites, increase monthly email leads by 300% or more, improve search engine rankings, enroll dozens of clients per month into membership programs, support multi-six figure launches, and drive millions of views of our articles.

Hello, my name is Cédric Sigoire and I am the owner of the DEMAN Translations group.

We will reach more than 6 million euros in the year 2021 and my target for 2022 is 10 million euros!

My name is Nimrod, and I am the CEO & co-founder of OnlinePianist, a mobile application that makes it super fun & easy to play one’s favorite songs on the piano.

• Benny Lewis is a famous Irish polyglot and the creator of the language learning website Fluent in 3 Months.
• He has appeared in numerous national media outlets, such as The New York Times, Business Insider, Forbes, LifeHacker, National Geographic, and the BBC.
• This language learning website receives over 2 million visits monthly.
• Benny is fluent in seven different languages. He shares the experiences of real people who struggle and succeed in learning foreign languages, including his own.

Listen to the full podcast on podcasts.apple.com ➜

Hey guys! My name is Josh Summers and I’m the founder of All Things Secured, a personal security and privacy brand that produces tutorials and educational content online. I started the company about 5 years ago while living in a sensitive part of China where the internet was highly censored and my activities were closely monitored, but have since moved to a more comfortable location in Thailand.

This past year, we crossed the 100,000 subscriber mark on YouTube and have continued to grow our content through email, live workshops, and other social media channels.

We are a team of people who sincerely believe in cryptocurrency and want to leave their significant mark in crypto-economics, therefore we created Exolix. There are many digital specialists in our team, but we are all united by our love for cryptocurrency, which two years ago prompted us to create our own product.

Today Exolix is ​​an anonymous cryptocurrency exchange with a fixed rate that provides users with unlimited exchange. Our main goal is to provide a fast, easy and secure exchange process.

I’m Kelsey Chance and I run Good Chance Creative, a creative agency specializing in social media content creation! I work with companies to manage their social media pages, take and post custom lifestyle imagery of their products and services, and strategize creative ways to keep their social media posts, reels, stories, and videos on-trend and successful!

Behind the scenes - shooting a tabletop recipe video for a client’s social media page

I’m Sara Davies, founder of Prooftheword, a complete editing and proofreading site that gives customers the ultimate editing service for any document. I’m a sole trader, so I work alone. All the editing and proofreading is done by me, along with everything else. I sort out my invoices, do my own accounts, file my own tax returns – everything.

My editing skills are excellent, which is my main selling point. People come to me because they know I will do a great job! I have a wide range of customers, from students to book writers and regular magazines. My work has grown over the years and, while I’m not making millions, I regularly take home around £1,200 a month.