The 20 Best Small Business Opportunities

Perhaps you are thinking of stepping out of the nine-to-five situation, or you may just be ready to make a career change. Perhaps you are fresh out of school and ready to change the world with your entrepreneurial spirit. Whatever the reason, these days there are more opportunities than ever to start your own business. The hard part is capitalizing on the small business opportunities that will lead you to success.

To help you, we've rounded up 20 of the best small business opportunities you should consider.

20 of the best small business opportunities right now

These small business opportunities are ideal for aspiring entrepreneurs looking to work from home or simply start a business in a promising, rapidly growing industry.

1. Career coach

People with a background in human resources, human resource development, and career services are particularly well suited for this business. If you want to specialize in a particular field as a career coach, you need industry experience. Most of all, you need to be a great listener and understand how you can help people achieve their goals and dreams.

Aside from the professional certification, all you really need is to make or break a career Life coach is a computer, a mobile phone and a quiet place to work - but a certain level of awareness or a loyal customer base wouldn't hurt either.

2. Cost Reduction Advisor

Businesses are always looking for ways to save money. As a cost reduction advisor, your job is to cut the fat on a business budget and offer efficient solutions to complex problems. You need a numbers head, an eye for detail, and a general understanding of the general operational issues a business might face.

Since you typically go to the company's location, you don't need an office to yourself, so your overheads are minimal.

3. Execution service

People are busy so they are often willing to pay for the convenience. The execution services take care of the little things people don't have time for, like dropping off dry cleaning, fetching groceries or office supplies, or even stopping by the bank. You definitely need a car - and be sure to visit your agent as you want commercial car insurance for your company vehicle.

4. Event / wedding planner

According to the Bureau of Labor Statistics, the Event planning industry should grow faster than average - 11% over the next 10 years.

Event planners put together all types of events, from weddings to business events, birthday parties to office holiday parties. Hospitality is a good place to start for aspiring event planners. In addition, you need solid contacts, excellent organizational skills, an eye for detail, and the ability and drive to get things done.

5. Food truck

According to Mobile Cuisine, the food truck industry has seen a 12.4% growth trend over the past few years, rising to $ 1.2 billion from 2015 - and it's only gotten better since then.

This business is a little trickier than the others we've looked at so far. You need a unique grocery store idea, a customer service truck, proper insurance, business licenses, operating permits (depending on the city you operate in), health code compliance documents, and a grocery inventory just to get started . But if cooking is your passion, a food truck might be the way to go.

6. Freelance writer

In addition to a computer and a bookmarked online dictionary, freelance writers need an impeccable command of the English language and fairly thick skin to break into this industry. It is helpful to have experience with some niches like finance or health writing, as well as areas of expertise like copywriting or SaaS content writing. This job can be carried out anywhere you have internet access. This makes it one of the best small home business options.

7. Golf coach

You get paid to spend the full day on your favorite golf course and give pointers to players interested in improving their games ... what could beat that? In addition to thoroughly enjoying the game, you need to maintain relationships with golf courses in your community and educate them about your service, be a top notch player, and have the communication skills to teach beginners.

8. Interior designer

If you have an eye for design and the ability to finish off a space like a magazine cover, interior decorating might be a great business for you.

In addition to creativity, you need a knack for project management, knowledge of design and architectural history, and CAD (Computer Aided Design) or drawing skills. You also need to be up to date with building codes. You can market your business to contractors or new home buyers looking for an expert opinion.

9. Professional organizer

The average American spends a total of two and a half days each year looking for lost items like remote controls, books, socks, keys, and even cars. Sometimes people's homes or offices are crowded because they are so busy, and sometimes they are just plain chaotic.

In any case, there is no end of business for the professional organizer. If you have a knack for organization, storage solutions, and project management, this business is for you.

10. IT contractors

Small businesses often lack the resources to run an in-house IT department, but still need help troubleshooting, repairing, and updating their equipment. Tech-savvy self-employed people need to keep their computer hardware and software skills up to date and should be available whenever a customer has a technology emergency.

11. Mobile pet care

For this business you will need a truck that meets the needs of a zookeeper: table, water, boxes, etc. You may also need to have special grooming needs for some animals. This can be an especially rewarding business for people who love animals and provides an opportunity to expand as the demand for your services increases.

12. Personal shopper

Some people struggle to shop for themselves while others have the knack of always finding the perfect product. If you're one of the latter, you've been tricked into running a personal shopper.

You will likely be especially busy during the holidays, but many people have difficulty or little interest in buying normal things like clothes, housewares, or birthday gifts for others throughout the year. To become a personal shopper, you need a car and auto insurance, an excellent eye for detail, and a self-promotion ability.

13. Personal trainer

Personal trainers are sometimes linked to one or more gyms in their community while others make house calls. To gain a foothold in this industry, you need to become a certified personal trainer. In addition, you need a real desire to help others, infinite patience and knowledge of the mechanisms and limits of the human body.

14. Hairdresser

Hair styling will never go out of style. If you've worked in a salon but want to start your own business, you already have a cosmetics license and a list of clients you love. All you need now is a business permit, a dedicated space in your home with a sink, comfortable chair, and cart or counter for all of your supplies and the actual supplies like scissors, curlers, pins and styling products.

15. Social media specialist

Companies are relying on social media strategies more than ever. As a social media specialist, you'll help companies create a strategic plan, develop the voice of the brand, and create social media posts that drive shares, comments, and sales. You can work from anywhere, but you need extensive skills that include PR, marketing, and writing.

16. Massage therapist

According to the US Bureau of Labor Statistics Message therapy is growing at 26% over the next decade - much faster than the average industry, making this one of the top small business opportunities on this list.

To start a massage therapies business, you must first be certified in massage therapies. To work from home, you need a business permit, massage table, massage oils, soft music, and a quiet room. In addition to your own business website, you can leave flyers or your card in physical therapy or fitness facilities.

17. Vending machines

Vending machines today deliver more than just sodas and chips: you can buy anything from DVDs to makeup, umbrellas and lottery tickets. (At one point Vending machines Life insurance policies have even been sold at American airports.) You have the option of starting a vending machine business or becoming a franchisee of a thriving vending machine business.

18. Virtual assistant

Virtual assistants handle a wide variety of administrative tasks from home: transcription services, email communications, accounting services, research and planning, and countless other critical tasks. You can work for several clients at the same time. All you need is reliable internet service, a computer, and proper organizational and planning skills.

19. Website developer / designer

It's pretty clear these days that no business can do without a corporate website. As a result, website development and design have become incredibly popular businesses. If you are an expert in various programming languages ​​such as Java, Python and C and know HTML, CSS and JavaScript, you can start a business as a web designer and Developer - a combination of skills that you would definitely want heavily.

20. Uber or Lyft drivers

If you love driving and want to make some cash on the side, you can become an Uber or Lyft driver. If you meet all of the requirements (you are at least 21 years old, have a valid U.S. driver's license, a four-door vehicle that is 10 years or younger, among other things), make sure your car insurance and vehicle registration meet the date and be ready to pass a background check. Once you've got all of these things done, you'll be picking up passengers in no time.

The final result

Having the right business idea can mean the difference between success and failure. Choose these small business opportunities wisely. But when you've narrowed things down to the best options, go ahead and pursue your passion. This is what starting a small business is all about.

This article originally appeared on JustBusiness, a subsidiary of NerdWallet.

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