The best time to start a new business is now. With the ever-changing environment of the global marketplace, there are always opportunities for those willing to take them. This post will cover a few different business opportunities that you may not have heard about before but could be worth exploring depending on your current situation and interests.
- The Gig Economy
This is a place for those looking to make extra money on the side or transition into self-employment. Suppose you have ever thought about doing freelance work, working as an Uber driver, delivering food for GrubHub, renting out your apartment with Airbnb, selling crafts on Etsy, or even becoming a Tasker through Amazon Mechanical Turk. In that case, this is something that may be of interest to you.
All it takes is some creativity and motivation! It can also act as a great way to test business ideas because if there isn’t any demand in the gig economy market, then it’s probably not worth pursuing at all. To have a replacement of your business plan that can be utilized if your startup fails, you may want to take a look at the list of business ideas for beginners.
- The Sharing/On-Demand Economy
This is the sharing economy on steroids. Now more than ever, people are looking for ways to get anything they need at any time without having to pay too much or wait around until traditional means of travel and delivery become available again. This has created new business opportunities like Uber, Lyft, Postmates, Airbnb, and many more that can help you attain these needs quickly while still making some money along the way.
As the world becomes more and more digital, it’s no wonder that eCommerce is one of the fastest-growing business opportunities around. This can be setting up your online store or becoming a sales representative for an existing company. With platforms like Shopify making it easier than ever to create a professional online store, there has never been a better time to get into this market.
- Event Planning
Have you ever been to a great party or event and thought to yourself, “I could do this”? If so, then event planning may be a business opportunity for you. This can involve coordinating with vendors and suppliers, designing invitations, managing logistics, and even providing food and beverage services. With the popularity of weddings and other social gatherings, there is no shortage of work in this market.
- Sports Coaching
If you are an athlete or enjoy working out, why not coach others? This is perfect for those who love sports but don’t necessarily want to make the big bucks playing them professionally. It can involve anything from personal training and group fitness classes to smaller individualized lessons like golfing, swimming, and even basic workouts at home. The great thing about this industry is that there’s always a need for talented coaches regardless of how niche or obscure your expertise may be.
Few Interesting Facts
It’s no secret that small businesses have a lot of potential when it comes to earning more money. In fact, according to a study by the National Federation of Independent Businesses (NFIB), small businesses account for 99.72% of all employer firms in the United States.
There is a job market for interior decorators that is expected to grow by about 13% in the next decade as companies increasingly rely on digital media production techniques due to their cost-effectiveness and widespread use among consumers.
With all these unique business opportunities available, it might seem daunting to put yourself out there as an entrepreneur. However, with so much potential waiting on the other side, remember what Michael Jordan once said: “Obstacles don’t have to stop you.