Thursday, January 24, 2019

Top Small Business Ideas for 2019 - INQUIRER.net

A lot of people complain about their insufficient monthly income, unbearable boss and hectic jobs. But the most baffling thing I noticed about these set of people is their unwillingness to change their jobs. From the unhappy worker to the underpaid secretary, the commonest excuse they all give is their monthly bills – house rents, taxes, electricity bills amongst others. They’ve allowed their bills to keep them stagnant, when they could be traveling and getting paid for what they know how to do best. They’ve held on to the slave ideology, when they could build their own empire utilizing one of the business ideas listed in this article.

If you belong to this set of people, now is the best time to liberate yourself financially. The good news you’ve been waiting for is finally here: this article contains an updated list of the most lucrative business ideas to try out in 2019.

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Note: it’s not necessary you leave your current work immediately. You can firstly adopt one of these businesses as a side business. Then, switch fully when your new business is able to pay your bills. Start a business and be your own boss.

Qualities of a good business idea

FEATURED STORIES

  • A good business must yield more gains with time.
  • It must be designed to thrive in hard economical times.
  • The duration for the training required ought to be minimal —unlike programs that require decades for instance, Ph.D.
  • The capital needed to start a small business should not be enormous.

List of the Best Business Ideas in 2019

According to Richard Branson, “a big business starts small”. Choose and nurture your favourite business from the list below;

Fulfilment by Amazon (FBA) sales

Fulfilment by amazon program is the biggest online retail platform. It’s  operated by Amazon and the program gives traders the opportunity to market their goods via Amazon.

The FBA is a globally known and reliable platform. The company is responsible for creating a consumer-friendly online retail business. Amazon is able to maintain the online platform by charging monthly storage fees.

The seller is expected to ship their products to an amazon fulfilment centre while Amazon takes care of the storage, packing, shipping, returns, and customer service queries and listing on the Amazon’s web sites.

Go to www.amazon.com for more details.

Software Engineering and Development

The work of software engineers  and developers is quite restricted to the digital world. They help invent, install and maintain software on gadgets, mainframes and androids.

Due to the current high demand for software engineers, the U.S. Bureau of Labor Statistics, predicted a 17 percent increase in the demand for software developers each year through 2023— making it a solid business opportunity for those with the  required skills.

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Meal Kit Sale and Delivery

There are a lot of busy workers, who aren’t opportune to shop and cook good meals. The meal kit sale and delivery industry is a saving grace for many.

An meal kit online order includes the recipe type, ingredients and time of delivery. After the order has been placed, the meal kits is delivered with measured ingredients, food materials, and cooking instructions and calorie counts which allow consumers to stick to dietary requirements.

The meal kit industry is expected to be worth $10billion in the states by 2020.

Self Storage Units

Self storage industry is becoming more popular in North America, due to the presence of a more momentary workforce, downsizing homeowners, the culture of accumulation of possessions, and reality shows such as Storage Wars.

In new York, most businesses eliminates front store space, thereby increasing the demands for self-storage space. In addition to banks and corporate firms, plumbers and electricians stores their tools in self-storage space.

A climate controlled environment, and security is quite essential for 21st century self-storage. It requires considerably high capital but it’s very profitable. Use a free web-based calculators to determine the profitability of self-storage based on estimated capital expenses, operating expenses, and rental income.

Senior Care Services

Senior care services is one of the best business opportunities this generations should note. The entire baby boomer generation, in the United states, is expected to reach 65 by 2030. A quarter of the entire population will be made up of seniors.

Provided that these baby boomers are wealthier than the previous generation, the demand for senior care services is quite tempting. A good percentage of seniors wouldn’t be able to drive their own vehicles and take care of their household chores, due to age and illness.

They would have to hire a senior care agent to help them with these household  chores and other essentials — like house sitting or pet sitting and property maintenance services.

Final thoughts

The business ideas provided in this article are affordable and sustainable. If your goal is  to expand your business overtime, these small business can serve as a good starting point, which would help you get capital and experience.

Never forget that the secret of every successful business lies in team work. If your team is weak, untrained and unmotivated, your business would sink.  

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