Small business owners/entrepreneurs have many possibilities that they can effectively explore; all they need is a brilliant idea for small businesses. No need to spend more money on all good business ideas, but certainly detailed research is needed before you take a plunge. But make sure you give up your time and put in place some clever marketing plans to get a good start.
Operating and successfully running a new business venture is a tough job. Approximately 80 per cent of new businesses close down in the first year, according to a report. That is a huge rate of failure. This would make you even more vigilant about the steps you take to set up your startup.
One of the reasons for the high failure rate might be because many entrepreneurs opted for a wrong business concept. You need to have every branding material in place, along with a clickable business plan. You need to build a logo (not your job but that of a designer), sticker, brochure, packaging, and everything in between.
If you are planning to start your own company then it’s not enough to have the passion for entrepreneurship. You need to have a brilliant business concept that is not only original but also in demand. We have come up with great ideas for small businesses that you can probably consider to start your entrepreneurial journey. Let’s kick off!
Here are the top 10 ideas for small business start-ups in 2020
01. Print-On-Demand (POD) Online Business
The average time needed for starting a business like this is 3 to 5 days. The genuinely basic idea behind this is:
1. You offer exclusive t-shirts produced after your client places an order.
2. You will then take your client’s money and pay for the order.
3. Your manufacturer must give the customer the Tshirt.
You get the income and you don’t even need to spend in stock or keep a warehouse, it couldn’t be simpler than this.
You can start selling shirts, hoodies, tote bags and more in no time whatsoever. But note people are buying T-shirts based on what’s on them. This is also the hardest part of starting a POD business, as many business people are not designers, they are businesspeople.
You can check out our Graphic Design Services page if you want to start right now but don’t have that cool design. World-renowned designers are awaiting your next big project and the prices are really fair, starting at just $50.
02. Food Truck Business
People who are fond of cooking or playing with food typically dream of having their own restaurant. But unless and unless anyone gets enough luck in the initial stage to get money, not everyone can afford to make such a big investment. Okay, don’t feel discouraged. If you’re short of money then starting up a food truck company may be one of the best low-investment business ideas.
All you need to make for an initial investment to purchase a food truck. Getting a food truck company is also a perfect way of finding out whether people want the food or not. And if you’re lucky enough to get a great answer, you might think about turning your food truck business into a restaurant.
One of the most successful home-based businesses available today is starting a bakery business. If you love baking and have skills to make not only enticing food but also beautifully pleasing, then this could be one of the best start-up ideas. Also, you can link up with retail stores to sell your products in their stores.
There is one thing you need to keep in mind when proceeding through this business opportunity and that is business strategy. Like other businesses, home-based bakery business needs a proper business plan, too.
04. Ice-Cream Stand
If you’re looking for business ideas for part-time, then this might be the perfect choice for you. Starting an ice-cream stand or kiosk will bring great profits for you. You can have a tablet or a fixed ice cream stand-something that gives you more money!
Customers prefer to try different flavours when it comes to ice creams. Spread the word on social media pages and bring the new ice cream flavors, special offers, etc. to your audience.
05. Home Food Delivery
You may have loved cooking meals for many years, and taking them to office lunch. Today though, food delivery companies have gained a lot of popularity due to the busy schedule. People have started searching online for home-cooked food and take subscriptions monthly or yearly.
If you’re looking to start your own food industry business then this might be one of the great business ideas. In the initial stage, with a proper delivery boy, you can start with a short menu. And if things are going well, you can take it to a large scale.
06. Website Design
You’ll hardly find any company in today’s digital world that doesn’t have its own web site. Even if it is a one page website, it has become necessary for businesses to have an online presence. Companies keep revamping their website design in order to look new and impressive.
If you have all the necessary skills, then the best choice for you would be to have a website design company. You can get lots of customers and few professionals to meet their needs. This is one of the strategies for small business, which has performed very well for others.
07. Digital Marketing
The business world is digitalised now. Today it has become important for businesses to have an online presence. Unlike conventional marketing , digital marketing lets businesses interact with their target audience across the globe. Digital marketing services are so much in demand that starting from this can be the cheapest enterprise.
All you need is an expert team and a room to start your company. You need to come up with a persuasive presentation and a website with compelling content to get the customers into your company. Want to create a presentation? Get it, right now.
Even to buy Instagram followers, you can visit best location. Such sites or digital agencies use various strategies to help companies expand their followers.
Photography is not only about taking pictures but also about feelings. Image photography is no longer a sport. Now, it has become a corporation. The digital photography market was valued at $77.66 billion in 2015; by 2021 it is projected to hit $110.79 billion marks.
These figures are enough to show it can be one of the most popular ideas for small businesses. Mostly, this form of business grows through word of mouth, but you can create a Facebook page, Instagram page or some other popular social media account where you can add your customers and get exposure.
09. Fast Food Joint
One of the small viable business concepts is launching a fast-food joint venture. While the industry already has a lot of major sharks like McDonalds , KFC, and so on, you can make money if the place and quality of the food is decent.
People are always looking out to try new joints when eating. They are also searching for nearest home delivery food joint. All thanks to Google Maps. In addition to food quality, make sure that your business should have a unique and eye-catching custom logo design to get customer attention.
10. Agriculture Business
Agriculture business is all about growing and selling agricultural products through crop- and livestock-related farming objects. If you have vacant land suitable for agricultural activities, then farming business may be the best business idea based on home business.
Here is a list of Agricultural business ideas:
• Dairy Farming
• The production of vermicompost organic fertilizers
• Fertilizer Distribution Business
• Raising chickens
• Bee Keeping
• Flower Business
• Fruits and vegetables
Choosing an organization is largely a personal choice. You may find many other possibilities, but it is a little tricky to come up with some small business ideas which yield higher profits. So pick your passion from the list above and make your dream come true.