Top 7 Startup Ideas in 2020

Top 7 Startup Ideas in 2020

Top 7 Startup Ideas in 2020

Operating and running a new business venture successfully is a tough job. According to a report, about 80% of new businesses close down in the first year. If you are planning to start your own business, then having that passion about entrepreneurship is not enough. You need to have a great business idea that is not only in demand but unique too.

 

Following are the top 7 startup ideas you should consider while starting a business in 2020.

1) Food Truck Business

People who love to cook or experiment with food usually dream to have their own restaurant. But unless and until someone is lucky enough to get funding during the initial stage, not everyone can afford to make such a big investment. Well, don’t get disheartened. If you are short of money then opening a food truck business can be one of the best business ideas with low investment.

All you need to make an initial investment to buy a food truck. Having a food truck business is also a great way to figure out whether people are liking your food or not. And if you are lucky enough to get a great response, you may think of converting your food truck business into a restaurant business.

2) Coffee Shop

Over the past few years, the coffee industry has seen rapid growth. Earlier people go to coffee shops to spend some quality time with their loved one. But today, people are conducting their official meetings there. If you yourself a ‘coffee-holic’ then convert your love and passion for coffee into a profitable business. When it comes to coffee shops menu design, mugs design and ambiance plays a very important role. Take the help of graphic designers for menu design.

3) Bakery

Starting a bakery business is one of the most successful home based businesses available today. If you enjoy baking and got skills not only to create tempting food but also visually appealing, then this can be one of the best startup ideas. You can also tie-up with retail shops to sell your products in their stores. While going with this business opportunity, there is one thing that you need to keep in mind and that is business plan. Just like other businesses, home based bakery business also requires a proper business plan.

4) Event Management

If you are extremely organized, detail oriented individual, who loves to organize parties, then you have the right personality to start an event planning business. You may either choose to specialize in a specific type of event (wedding, birthday parties, company meetings, etc.) or can go with all types of events. The choice will totally depend on your skills or experience. The biggest advantage of having an event planning company is that if your clients like your work you can get repeated clients and those clients may help you in finding new ones. You also get some percentage of money in advance.

5) Graphic design

Like writing services, all companies need artists. These are designers who will create a unique logo to help you be different among so many competitors. Artists also provide pictures for social media sites and designs for T-shirts or promotional products. They create brochures. They can critique your website for visual problems and fix them. They can provide entrepreneurs advice on other visuals that make the company have a brand. The right logo and other visuals are what will propel entrepreneurs from the obscure to top of minds.

6) Social Media Consultant

As mentioned previously, entrepreneurs need to have a digital presence and be able to market their brand. Some companies focus solely on social media marketing while others do all marketing. Regardless, if you want to provide services to small business owners, you could offer social media services such as social media coaching. You could coach and advise small business owners on what they need to do, or you could do it for them. You have to understand which sites are beneficial for your client and which are not. You have to know what to post and when. You have to understand brand awareness.

7) Writing Services

Entrepreneurs need writers for a number of processes. They need writers to create a business plan, write content in their marketing and write for a blog or social media. Entrepreneurs often don’t know how to create content effectively and don’t want to take the time to learn how to create content in the correct way. Every business needs well-written content and business plans to move the company in the way they should. When entrepreneurs hire your writing business, you will help them focus on what they need to make investors come on board the business venture. The content also will help the company become well known and the first choice of someone to use. Companies also want writers to create press releases to send to media and other public relations work.

At last, choosing a business is totally a personal decision. You may find a lot of other possibilities, but coming up with some small business ideas that yield higher profits is little tricky. So, choose your passion from the above list and turn your dream into reality.

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