Want to start a business but need a bit of inspiration to help target your ambitions and aspirations? There are plenty of options to weigh up this year, depending on your background, skillset, and aims.
To help you whittle down the field and find a business that fits the bill, here are just a few prospective commercial concepts that could click for you.
Make your mark with a metalworking business
The manufacturing sector is broad, diverse, and capable of accommodating organizations of all sizes, including small workshops and startups targeting key niches.
The reason that this is an appealing idea for beginners is that the cost of acquiring the necessary equipment have fallen thanks to used machinery marketplaces like Revelation Machinery, which have affordable second-hand gear in their inventory.
Furthermore, the flexibility of the companies you can target with your products and services means that metalworking businesses can be agile enough to survive and thrive in turbulent market conditions.
Work flexibly by becoming a freelance copywriter
If you want to start your own business from the comfort of your own home and be able to work from almost anywhere, while earning good money for the privilege, then copywriting could be the career for you.
The explosion in online enterprises in recent years, and the importance of search visibility to businesses in every industry, has made the work of copywriters even more important, and it is an ideal freelance pursuit that can either become your full-time gig or act as a stepping stone into the wider world of digital marketing.
Push your promotional skills by establishing a digital marketing agency
Speaking of digital marketing, if you are more interested in managing a team of professionals in this field rather than handling the legwork yourself, then launching an agency of your very own is an attractive option.
As mentioned, every business needs digital marketing to get them connected with customers and make sure their brands remain visible and relevant, so the demand for this type of creative agency is high. And because you can easily get team members to work remotely from anywhere in the world, you do not even need office space to make this a reality.
Expand your horizons by working in real estate
Another industry that remains resilient in the face of external conditions is real estate, since whether homeownership is on the rise or rental investment opportunities are the trend of the era, businesses dealing in the buying and selling of properties can clean up.
You could start your own real estate agency, perhaps focusing on a specific niche that interests you most, such as high-end purchases where commissions can be sizable, or affordable housing where volumes are greater. Whatever approach you adopt, upfront costs will be relatively low.
Teach others by running online training courses
Another market that has expanded significantly in the past 12 months is that of web-based learning and training, both for those still in full-time education and those businesses that want to improve the skills of their employees.
Starting a business that caters to this need is therefore sensible, and also something that fits in with the current trend for remote learning and working from home rather than in the office.
If you have skills and experience to impart yourself, you could provide this to people as a paid service, or hire people who do have relevant expertise to do the same.
Whichever business you start this year, do your research and remember that patience is a virtue, having access to adequate funding is key, and expecting overnight success is unhelpful.