Are you looking to start a business in the new year? We have compiled a list of the top small business opportunities in 2021 based on a wide range of industries. These businesses must meet the following requirements to be included on our list:
- Are likely to be financially successful now and in the future.
- Resilience in uncertain economic times
You do not need a Ph.D. or years of experience. Some need trade school training, a university education, or an apprenticeship. Others only require some knowledge and passion for the industry.
It does not require large sums of capital to start a business, but every startup company needs dedication, hard work, and perseverance.
These are our top picks for small business ideas that consider current demographic and business trends. They are not in any particular order.
1: Fulfillment through Amazon Sales
E-commerce is increasing, and it is expected to continue to boom. Retail sales rose 6.9% in Q4 2020, but e-commerce (online sales) increased 32.1% compared to last year’s quarter.
Fulfillment by Amazon (FBA) allows sellers to sell products through Amazon, the world’s largest online retail platform.
Amazon takes the hassles out of managing an online business. It handles fulfillment, storage fees, and customer service inquiries.
2: Skilled Trades
Although some may believe skilled trades professionals are low-paid, this is untrue. Skilled tradespeople generally enjoy fulfilling careers and are well-paid.
The manufacturing sector is still looking for workers as the baby boomers age out of skilled trade jobs. These shortages have led small and medium-sized manufacturing companies to refuse work because they need more skilled workers to complete the work.
These shortages affect many industries and cause a great demand for skilled workers in trades like:
- General construction and carpentry
- Pipefitting, steamfitting, and plumbing
- Electronic and electrical control systems
- Heating, ventilation, air conditioning, and refrigeration (HVAC).
- Metalworkers and machinists
- Skilled trades are ideal for self-employment because of their nature.
- Many tradespeople are highly paid and in high demand.
- Many trades can be run from home if the work is done at the customer’s job site.
Startup capital costs for skilled trades are lower than many businesses. Most cannot be automated to any degree. This ensures future job security.
There is always demand. To command higher compensation levels, some tradespeople can take advantage of, small business opportunities in distant or foreign locations.
3: Software Engineering and Development
Software developers and engineers create, test and maintain software on various platforms, including mainframes and mobile devices. The U.S. Bureau of Labor Statistics predicts that the demand for software developers will increase by 22% between 2029 and 2029. In 2020, they earned a median annual income of $110 140.
Software development is an excellent industry for contract work because of its nature. Software engineers often start as salaried workers and then become independent contractors. Software development is a great home-based business because of the ease of remote access and cloud computing.
There are also high-demand and well-paid jobs in the information technology industry:
- System analysts
- Software and hardware technicians
- Network engineers
- Security experts
4: Meal Kit Sales & Delivery
People who are busy, don’t have time to cook healthy meals, shop for the right ingredients, and want to reduce their carbon footprint and food waste are increasingly turning to meal kit services. By 2023, the U.S. meal kit market will be worth $11.6 billion.
Customers can select their recipes online and receive meal kits with pre-chopped, measured ingredients and instructions for final preparation. Customers can adhere to their dietary requirements by listing calorie counts and other information.
5: Augmented Reality and Virtual Reality
Augmented reality (AR), and virtual reality (VR), are tremendous advances in users’ immersion in a real-life sensory experience. Software and hardware vendors are working hard to bring VR products to market. The global market for VR is expected to grow by 18.0% between 2021 and 2028.
6: Self Storage Units
North America’s self-storage market continues to thrive. This is due to a smaller workforce, downsizing homeowners, and the general trend to have more possessions. Over the last 10 years, 10.6% of U.S. households rented storage units.
7: Home Renovations
It isn’t easy to find qualified remodeling contractors. Home renovation is one consistently profitable business, even in difficult economic times. You have a passion for construction and would love to help clients realize their home renovation dreams. Why not start a business?
HomeAdvisor estimates that homeowners spend $8.305 annually on home improvements. This is a huge business opportunity for carpenters, painters, electricians and plumbers, drywallers, roofers, tilers, and other tradespeople.
8: Bike Rentals, Service, and Sales
Bicycling is one of America’s most popular outdoor activities. It has been ranked among the top five in terms of frequency of participation due to its environmental and health benefits. Strava Metro, an activity app that tracks activities in the United States, reported a significant increase in bicycle trips around the time of the introduction of the coronavirus. Bike trips in Los Angeles increased by 93%, according to Strava Metro.
Investing in anything popular, healthy, sustainable, and well-respected by the government is a good idea. E-bikes are becoming very popular in addition to the traditional pedal-powered bike. E-bikes can either be pedaled with or without electric power. Sales are expected to reach over 40 million units in 2023. A unique kit can convert regular pedal bikes to e-bikes.
9: Senior Care Services
Senior care services are still a viable small business opportunity. In 2011, the first baby boomers reached 65; by 2030, the entire generation of baby boomers will be 65. Senior citizens will comprise 25% of the total U.S. population by 2050.
Senior citizens may have mobility and health issues, making driving safely and independently tricky. It may be difficult for seniors to manage household chores like cleaning after their pets, gardening, and cooking. People not experiencing a decline in mobility might want to travel extensively and need house-sitting, pet-sitting, and property maintenance services.
10: Gourmet Coffee
Do you think a coffee shop that serves espressos, lattes, and cappuccinos cannot compete with Starbucks? You might need to be corrected.
Independent shops have plenty of opportunities to expand their market share in a specialty, gourmet coffees. According to the National Coffee Association, 71% of Americans consume Coffee at least once per week, and 62% drink Coffee daily. You might find a niche within this market.
11: Facilities Support Services
Facilities management or support services are a catch-all term that covers all aspects of business facilities services, such as cleaning, security, painting, and moving.
From 2020 to 2025, the industry is expected to expand by 10.6%. You have the skills and experience to manage facilities support services.
12: Markets on Wheels – Food Trucks
In recent years, food trucks have grown beyond the boundaries of fast food and show no signs of slowing down. Food trucks are expected to increase by 2.4% by 2021, bringing in $3.9 billion.
GMonkey owns an eco food truck, which uses biodiesel as a fuel. It serves delicious vegetarian food to Durham residents. There’s a food truck for every idea.
Get the Skills, Education, and Training You Need
Starting your own business takes work. You must have the proper credentials, skills, training, and qualifications to take advantage of these opportunities. You can get the business skills and experience you need by working as an apprentice or employee in your field. You can make a name and build a client and customer base to support your new venture.
Create a solid business plan.
A solid business plan is essential when you start a business. Your business plan will help determine whether your idea is viable in your local market. A business plan is necessary for startup capital, such as a bank or equity financing.
Best Indian Destination to Visit
Goa- Best Indian Destination to Visit
Goa is a state in western India. It is known for its beaches, backwaters, Adventure water Sports, waterfalls, and temples. It is a popular tourist destination due to its laid-back atmosphere, cheap hotels, and world-class restaurants. Palolem Beach, Colva Beach, Agonda Beach, Dudhsagar Falls, Anjuna Market, Church of Our Lady of the Immaculate Conception, Braganza House, Mahadev Temple, Palácio do Deão, Mangeshi Temple, Fontainhas, Bhagwan Mahavir Wildlife Sanctuary, and Reis Magos Fort are famous destination in Goa. And Goa is also know for night life. Enjoy Night clubs, party here . So in Goa you can teste a different culture in Goa.
Delhi- Best Indian Destination to Visit
Delhi is the national capital of India and home to 1.17 billion people. It’s a city of contrasts where modernity coexists with ancient history. From the busy streets to the quiet temples, Delhi offers something for everyone. Red Fort, Jama Masjid, Qutub Minar, Lotus Temple, Aksherdham, Zoo, Old Fort, India Gate, Humayun Tomb are some of best Destination to visit. Apart form these You can visit:- Lajpat Nagar, sarojini Nagar, Janpath and Jama Masjid are the best Shopping Places in delhi. And in delhi you can find out best street foods menu in veg and non veg dishes.
Agra- Best Indian Destination to Visit
Agra is a major city of Uttar Pradesh, and a major tourist attraction is located in Agra call as “ The Taj Mahal”. You can Expericne the art of Mughal empire in agra. ALso this is one of the places to visit near delhi within 200 kms. Beyond Taj Mahal You Can Visit These Places That Are Near Or In Agra. These places are Agra Fort, Sikandra, Fatehpur Sikri, Dayal Bagh Temple, Bateshwar Temple, Chini Ka Rauza, Keetham Lake, Mathura, and vrindavan. Mathura and vrindavan are close to agra about 70 Kms far. These are Hindu holy places.
Jaipur- Best Indian Destination to Visit
Jaipur is the capital of the Indian state of Rajasthan. It alludes to the royal dynasty that once ruled the region and built the Old City, also known as the “Pink City” because of its distinctive building colour, in 1727. In the heart of a grand, colonnaded area lies the City Palace complex. Gardens, courtyards and museums still exist today as part of its royal house. Hawa Mahal, Jainivas Garden, City Palace, Amber Palace at Jantar Mantar, Samode, Light and Sound Show, Nahargarh Fort, Jaigarh Fort, Jal Mahal, Galtaji are some of the best places in Jaipur.
Kashmir- Best Indian Destination to Visit
Kashmir Valley is one of the top tourist destinations in India. Apart from its apple orchards, flower gardens and other attractions, Kashmir is famous for its natural beauty. With its distinctive handicrafts and famous Kashmiri shawls, it attracts tourists. The most popular tourist destinations in Jammu and Kashmir are Srinagar, Mughal Gardens, Gulmarg, Pahalgam, Patnitop and Jammu. Many Hindu pilgrims visit Vaishno Devi and Amarnath every year, which has a significant impact on the state’s economy.
Manali- Best Indian Destination to Visit
Manali is a city in Himachal Pradesh, India. It is one of the top ski resorts in India. It is famous for its beautiful surroundings, favorable climate and extensive cultural history. It is a popular travel destination in India and attracts visitors from all over the world.
Manali is a popular honeymoon destination as you can witness snowfall and gorgeous mountain views from late December to early January. This is the ideal time for skiing enthusiasts. Camping, hiking, mountain biking, ziplining, rappelling, paragliding, downhill cycling, jeep safaris, river crossings, angling, and many other activities are available.
Kerala- Best Indian Destination to Visit
The Indian state of Kerala is situated on the moist Malabar Coast. It is famous for its backwaters, network of canals and palm-fringed beaches. The Western Ghats are naturally occurring mountains that support a wide variety of plant life including tea, coffee and spice plantations. Wayanad and other sanctuaries as well as national parks like Eravikulam and Periyar are home to elephants, langur monkeys and tigers. Alleppey, Kochi, Thekkady, Munnar, Thrissur, Kovalam, Wayanad, Thiruvananthapuram, Kozhikode, Kannur are best destination to visit in Kerala.
Andaman and Nicobar- Best Indian Destination to Visit
The Andaman Islands are an Indian island chain in the Bay of Bengal. And Due to the increasing popularity of beaches and adventure sports like snorkeling and sea walking, tourism to the Andaman and Nicobar Islands is on the rise. Long Island, Havelock Island, Little Andaman Island, Diglipur, Parrot Island, Bharatpur Beach, Samudrika Marine Museum, Cellular Jail, Lamiya Bay Beach are some of the best spots to visit in Andaman and Nichobar. Indian tourists do not require a visa to visit the Andaman Islands, but if they wish to visit any tribal area, they require special authorization from the Deputy Commissioner at Port Blair. Foreign nationals require a permit. This clearance is given to foreign nationals coming by air on arrival at Port Blair. This can be a best Indian destination to visit.