Did you know that new business startups are at a record high? The digital economy and changing economics have made it easier than ever to start your own company. But after the turmoil of the past few years, do you know what the best businesses to start are?
While there are numerous choices, we have selected our top picks. read on as we give our seven small businesses to start in 2021.
1. Fitness and Physical Therapy
When the pandemic hit, many people invested a lot of money in home gym equipment. Now it is over, it seems like many of those investments mean lots of people are not going back to the gym but will exercise from home instead.
If you already have credentials as a fitness instructor, now is the time to capitalize. You could do home visits, or begin to set up online courses. Perhaps you are a physical therapist who also needs to adapt their service to assist people in the comfort of their home.
It may take a little investment, as you may need to create websites, and tutorials or change some equipment. However, this is a trend that is here to stay and it is worth doing now rather than later.
2. Meal Sales and Delivery
In the recent past, there have been many major factors that have influenced how people consume food. These have been the switch toward healthier eating, the need to reduce waste and food miles, and the desire for easier ways to prepare and eat food.
All of these have given rise to the concept of meal sales and delivery, one of the best businesses to start in 2021. People simply go to a website, select the meals they want, and the pre-chopped and prepared ingredients are delivered to their homes.
With the rise of third-party home delivery services, this job has been made easier than ever. All you need to do is source the food, prepare it, then include nutritional information and cooking instructions.
3. Online Tutoring
Due to the impact of school closures during the global pandemic, many pupils have had whole years of their education wiped out. While some governments are trying to think of ways to rectify this, many parents are solving the problem themselves. This is being done through online tutoring, one of the best side hustles of 2021.
In addition to this, there are still a huge number of adults who are looking to learn new skills online. From teaching jazz guitar to helping someone pass math exams, you will probably have a skill someone is looking to learn. You can find a number of online teaching platforms that bring the pupils to you.
4. Bike Rentals
People want to get outdoors and keep themselves healthy at the same time. This has resulted in a cycling boom in the US. When people travel to places, they are now looking to rent bicycles to see the sights instead of getting on buses and renting cars.
As such, this can be the best business to start if you are near or around a tourist area. This could be a city or an outdoor area of beauty. All you need is the investment to buy the bicycles themselves.
You will need a good range of bicycle types and sizes. You may also consider electric bikes which have become popular in the past few years.
Beauty always has been a huge industry, and now it is bigger than ever. A combination of the ease with which people can order products online, then promote them on social media, has also made opening one of these businesses easy. It could be one of the best side hustles of 2021 or done as a full-time business, though anyone starting must know it is a very competitive market.
For this reason, you should choose a niche and aim to own it. Perhaps you have a flair for nail art. You could open your own business doing nails, then use the results to market your business online.
As well as earning money from the actual job of doing nail art, you can then start to branch out. You may sell nail art kits or go into lash extension supplies as well. All of this can be easily scaled up, even if you decide to choose a different niche like hair or brow shaping.
6. Cloud Kitchens
Like meal delivery, cloud kitchens have proliferated due to the rise in third-party delivery services. A cloud kitchen is a restaurant without premises. Food is sold solely through an online delivery service.
It differs from meal delivery in that the food is already cooked. You could start a fried chicken takeaway, or create upmarket fine dining. All you need is a good kitchen, ingredients, and the staff, without the added cost and insurance of having a place where people sit and eat.
7. Website Flipping
If you are not sure how to start a business, then consider buying one that is already set up for you. Website flipping is the process of buying a ready-made site for a low price. You then build it up through content, SEO and increase its profitability.
Once you have done this, then you can sell it for profit. Of course, it requires some basic knowledge of websites and content creation but if done correctly, it can be extremely profitable. If you get a really good site, you might even decide to keep it for yourself.
Best Small Businesses to Start
The best small businesses to start are the ones that you already have knowledge about. If you are a great chef or baker, open a meal service or cloud kitchen. If you know about SEO, then try flipping websites.
If you enjoyed our article, then we have many more to help. From business to finance, we can help your new business thrive in the digital economy!