Many of us one day dream of starting our very own business; the idea of being your own boss while doing something that you are truly passionate about is extremely alluring. However, not all of us have that sudden moment of inspiration or ‘lightbulb moment’. It may take time to discover where your passions lie, and longer still to actually feel confident enough to take the plunge and actually start your own business.
If you are struggling for ideas, here are a few different types of business that you can go into. Hopefully these will help to spark off your inspiration!
Creative
If you have some sort of creative talent – whether this is graphic design, craft or artwork – this could be a business that you start up. The main advantage of a creative business is that you are likely to be able to start with a relatively small investment, and the range of online platforms have made it easier than ever to sell your goods. However, many artists work alone, so this could be a business that is challenging to scale up. Graphic design companies on the other hand are much easier to grow. Branding is one of the key elements of any business, so this is a services that is always in demand.
Hospitality
Chances are that at some point during your life, you’ve had fleeting thoughts about opening up a restaurant, bar or coffee shop. And while you may have imagined up the types of food and drink you will serve, the decor and the all-round brilliant atmosphere, you may well have glossed over all the hard work that goes into the hospitality trade! Getting into this industry is extremely challenging so make sure to do your research in advance. However, those who make it work often find it a very rewarding type of business to establish. If you have a passion for hospitality and working with people, this may well be for you.
Technical/Development
As technology continues to advance at a rapid pace, getting involved in the technical industry can be extremely rewarding – both professionally and financially. Businesses of all kind are looking for skilled web developers, software engineers and IT support services. If you have specialist knowledge in any of these areas, chances are that you’ll be in high demand. However, this is a constantly growing sector which means that there will be a high level of competition. And because it’s so fast moving, keeping up to date with the changes and developments is absolutely essential.
Fitness
They say that you should always do what you are passionate about. If fitness is your passion, it could well end up being your dream job. The fitness industry is worth a huge amount of money, as new fitness classes and workout routines spring up all over the place. If you have a unique idea in this field, you could consider setting up a fitness class and expanding it over time. It’s very much the kind of industry that once an idea takes hold, it really does spread like wildfire. However, once again it is a very competitive field to get into but you are also likely to be able to start without making a huge initial investment.
Accountancy/Financial Services
Another type of profession that is always in demand, all different types of people need accountancy and financial services. If you have the right qualifications and experience in this industry, it may well be worth striking out on your own. Start small and if you can demonstrate to clients that you are particularly skilled in this field, you are likely to be able to expand fairly quickly over time.
Home Improvement
If you have an eye for home improvement, this could be the business for you. There are various different areas within this field; whether you are offering consulting services, actual renovations or interior design services. When people buy a home, it is usually a work in progress and they continually update it over time. This provides plenty of opportunity to do business, particularly if you are offering a unique type of service.
Writing
Though in the digital age, many people predicted a decline in writing, actually the opposite is happening. There are plenty of opportunities for freelance copywriters, and this is also a business that can be scaled up over time. Try to choose a particular niche, whether this is technical writing or marketing, and build up your clients over time.