April 15, 2021
6 minutes of reading
Comments expressed by Businessmen the contributors are their own.
However, what if you were seated in your hands during a pandemic and decided that you wanted to initiate a pandemic? business The current?
Indeed, this may be one of the best times to start a business. Restrictions are being lifted, companies are deciding what adjustments to their operations need to be made, and consumers are rediscovering the world once again.
So, a good question to ask is most likely: which business is the best place to start now? Which one has the most potential?
Before we get to the answer, I’d like to first provide some background and explanation of how I came up with this shortlist.
First, I helped small businesses for almost two decades in a variety of industries – restaurants, kindergartens, HVAC, gyms, nail salons, the list went on – both before the pandemic and after. there.
I was able to spot trends before the media reported. I’ve heard directly from entrepreneurs about the challenges of their livelihoods, whether they need funding, turn around, or maybe even close completely.
Without further ado, here are the five best businesses I think are the most affordable to launch right now.
Residential and commercial sanitation
While cleaning businesses are nothing new – with barriers to entry traditionally still low – post-pandemic cleaning businesses can provide additional services, collected from five ( weak) indoors.
This can be especially useful for commercial tenants or property owners looking for a solution to deeply clean their space and be ready for the arrival of employees and clients.
While not all commercial spaces will return to former capacity, providing a solution that conforms to medical industry standards can help offices and workspaces run faster. and being more trustworthy can set you apart.
Tutoring or distance training services
Schools and universities have offered a combined learning experience for a while. However, with the return of increasing face-to-face interactions, school districts and higher education institutions will need services that help students, instructors, and administrators understand the world. new learning.
While some entrepreneurs might think that only big, well-known software companies work in the field and don’t have room for local entrepreneurs, consider implementing a virtual tutor service, in which you cooperate closely with the district on their curriculum and you or the tutors you hire complement the regular teaching and act as a virtual tutor, meeting students through the background video conferencing platform.
If you are the opposite type, start with face-to-face tutoring: meet students face-to-face or in groups in a rented space, following all the principles of health and safety, of course. For families concerned about widespread infection, agreeing to meet their children in a much smaller group setting may be the exact fit they are looking for.
Niche e-commerce and purchase management
Online Shopping has certainly become a requirement during a pandemic. When “Amazon so economic“Having been going well for several years, the emergence of coronavirus has spurred adoption of e-commerce not only for consumers but also for businesses that have long resisted it.”
You won’t want to compete with Amazon, but find a niche product and start a business focused on merchandise not available through traditional e-commerce platforms.
Super-local approach: working with local business owners to spot these “missing” goods and add value between local suppliers and businesses.
Super local distribution service
Previously I wrote that Truck drivers are silent heroes of the epidemic. Although not all trucking sectors are at the forefront of the pandemic, there will still be continued demand for logistics companies in certain sectors.
As with the previous catalog, again, let’s go super local. Do some research to uncover a local industry whose demand has changed and that is not well serviced by local trucking companies.
Of course, the goal is to be more efficient and cheaper than other mainstream offerings. By only working with a certain region, you can understand the cost of doing business there as well as learn about customers and their buying habits to better inform your business.
Health care at home
Much of the basic healthcare industry disappeared under Covid-19, due to individuals canceling routine physical exams or being unable to receive healthcare due to a sharp drop in service or availability. Many medical practices have failed completely, leaving patients with fewer choices.
However, when the economy returns to normal, the demand for support companies to provide health care services will increase. While telemedicine will certainly continue to intensify, look for ways to bridge the gap between online and offline.
Also, as with my previous advice, go super local and identify what services are not being fully offered. First, the medical courier service can be a perfect choice, shipping medical items like samples and laboratory equipment to hospitals and clinics in your area.
Home health care is another option, and the more expertise you can get and the more qualified your caregiver is, the more demanded your services will be.
The best businesses to start addressing market needs are not currently served by the current players, whether offline or online. Do your homework to uncover missing gaps and tap into that niche.
When planning your business, you should also consider funding options, as well as expected cash flows and costs.