New Business Ideas to Try in 2020

Many people believe it is part of their most innate desires to want to be entrepreneurs. But all they actually want is the lifestyle of the entrepreneur.

Waking up like a king and not answering to a boss, not to mention the unparalleled sense of fulfillment that comes from living that life.

If this is the case, then freelancing is a much more appropriate goal to seek. You’re going to make lots of cash faster at your own pace.

But if you really want to be a business person, someone who owns a real business, having at least five employees with an annual income of about $500,000; then you have to plan it really carefully. Regardless of who you might hire or how successful you might be, the burden of opening up your own business is immense.

The first step towards achieving your entrepreneurship goals is to come up with a clever idea to base your business on.

This can be such a tremendous ordeal given the countless options there are, and the intricacies of each one, which creates a unique contrast of pros and cons.

Do you aim to start a business that creates its own market, or do you join an already established one? Is it better to get into the service industry or the product based one? 

It sure is an exciting time to want to open up your own business; here are some of the best business ideas to start your entrepreneurship saga.

Food and beverage

This is perhaps one of the most popular options for people seeking the entrepreneurial lifestyle, and for good reason. Foods and beverages are probably one of the most sought after products out there.

There is actually little room for you to go wrong when you’re in the business of providing the basic sustenance that people survive on.

That is regardless of which route you’re going to take; organic one, fast food one, food truck, restaurants or juice and drink bar.

Truth be told, the juice and smoothie scene is definitely one of the strongest candidates for small business ideas. That’s because of how little capital is needed, and in certain cases even minimal employees.

You can buy a commercial frozen drink machine for combinations of flavors that will definitely impress your patrons. This machine can be one of or the main operation of your business, by giving the customer the power to make their own combinations.

Coworking space 

Remote workers are propelling white-collar professions to a new revolution, with many positions typically fixed in the office shift to operate through the cloud.

Since social isolation for freelancers and digital nomads is all too common and coffee making is not always the fastest option, the relevance of shared co-work spaces is increasing every year.

Co-working places provide services such as relaxed workplaces, connectivity with other professionals from various industries, and of course features like fast Wi-Fi, printer and food and beverage department.

360 degree photography

In the social networks and advertising fields, this narrowly focused area of photography has untethered potential. 360 degree images give users the chance to experience the scene or place as though they were there themselves when the picture was being taken.

The launch of 360-degree imaging enables customers to take an insightful look behind the scenes of companies that rely on visual appeal as party planners, architecture, realty and others.

This aids in the accurate and detailed portrayal of the image. Social media platforms such as Facebook have introduced 360 ° imagery to share with people, so it would be extremely advantageous to start getting on this latest type of image.

Marriage counseling & therapy

It’s no secret how fast the rate of failing marriages is rising worldwide. While it is certainly not a good indication of our culture longevity as a whole, it is a unique opportunity for business.

You can launch your own marriage counseling and therapy practice today, and you’ll probably find that more and more people will start to seek your services by time.

In 2020, the demand for professional marriage counselors is expected to increase by 41 percent.

To start this business, you must hire professionals in mental health, establish a business and become active in the industry. Start it now, and in a few years you could find yourself in an extremely successful situation.

For many it might seem like a frightening and risky adventure to embark on to become an entrepreneur, but to others, this erratic expedition seems to be the perfect path for their lives.

It is probably the only way for people who hate their work to improve their conditions and prosper and reach uncharted territories.

No matter the case, you should always first think of starting a business that you can get a sense of fulfillment from. There’s not much sense to starting a business you won’t be proud of, but a profitable one will also do.

Similar Stories