There are an overwhelming number of business ideas to choose from. Which one is the best? No idea how to find it out? That’s where we come in! We have compiled a list of top 10 most promising industries that you can start your own small business or expand into with ease.
The “i want to start a business, but have no ideas” is a common problem. With the help of our article, you will be able to find an idea that suits your needs.
This post is part of our Business Startup Guide, which is a collection of our articles that will help you get up and running quickly.
Bplans is visited by over a million people every month. The majority of those individuals are in the early phases of establishing a company and are searching for examples of what others have done. Some have already made up their minds and are working on a business strategy.
They’re wondering, for example, what should a restaurant with a business loan include in its business plan? What is the best way to create an executive summary for an online clothes store?
Reviewing example business plans may offer you great information that will help you create your own strategy and think through every element of establishing your company, whether you’re creating a business plan or just searching for facts to corroborate your study.
So, what kind of company should you start this year? Which industries are the most popular? What possibilities will be available in 2020?
We can’t tell you precisely what kind of company you should start (that would be too easy), but we can tell you which of our example business plans were the most popular in 2018.
Bplans’ most popular business plans
Our most popular example business ideas in 2018 were:
- Salons and spas, hair and beauty
- Restaurant that serves fast food
- Agriculture and farming are two different things. are two different things.
- Youth services provided by non-profit organizations
- Retail clothing
- Services for cleaning
- Organizing personal events
Restaurants, bakeries, and coffee shops provide food service.
On Bplans, our restaurant, bakery, and café example business plans regularly score in the top twenty. Of course, fast-food franchise companies are still booming—the industry produces more than $570 billion in revenue worldwide.
If you’re considering establishing a company in the food service sector, be ready for a robust, if diverse, year ahead. Take a look at this fantastic list of 2020 culinary trends.
If you’re serious about your homework, you can also check out the National Restaurant Association’s “What’s Hot Culinary Forecast.” I also suggest looking at the FAPC’s 2020 Food Trend Predictions.
The best Bplans for opening a bakery, restaurant, or coffee shop are as follows:
Spas and salons
The salon and spa business is always growing and changing. Hairstylists and beauty salons must be aware of current haircuts, looks, and other beauty trends, as well as new treatments and products, just like a clothes store must.
Experts predicted that CBD-enhanced therapies will become available throughout the country last year. As a result, make sure you’re aware of what treatments other salons will be introducing to their beauty menus in the next year.
The best Bplans for opening a salon or spa are:
Agriculture and farming
In 2019, example business ideas for agriculture and farming were more popular than ever.
We believe this is due in part to an increased interest in farm-to-table or locally produced foods. However, it may also be linked to recent laws allowing cannabis cultivation and sale in marijuana dispensaries, as well as other upcoming sales possibilities throughout the United States.
The best Bplans for establishing a farming or agricultural company are as follows:
Youth services provided by non-profit organizations
On Bplans, starting a charity as a means to utilize your talents to help a community is always a hot subject. Quality counseling or mentoring services are always in need; if you like sports, you might establish a young basketball league; and if you enjoy education, you could start an after-school homework-help program.
There isn’t a lack of need in the world. If you’re thinking about establishing a charity, take a peek at the philanthropic trends for 2020. Connect with the National Council of Charities to discover more about the broader issues that will impact nonprofits in 2020.
The best Bplans for establishing a nonprofit organization are:
Clothing and retail
Clothing retail, both in brick and mortar shops and online, is another sector where we see a lot of interest from readers.
The increasing popularity of hybrid or multi-channel retail, which means that shops with a physical presence will be more likely to have an ecommerce or online sales arm to their company, is one of the most significant retail trends to watch in 2020.
Check out the National Retail Federation’s podcast for additional information on this year’s retail trends.
For clothes retail and online, the best Bplans are:
Services for cleaning
Cleaning services are one of the simplest and most cost-effective companies to establish, and the sector is projected to expand by 6% by 2020.
The trend toward green or eco-friendly solutions, like those of the building sector, is projected to continue until 2020.
The best Bplans for establishing a cleaning service company are as follows:
More and more companies and people are seeking assistance with the details, from wedding preparation to huge galas to large corporate events.
By 2026, the event planning sector is projected to expand at a higher rate than the rest of the economy, by more than 11%. Check out these event planning organizations for additional information on how the business is developing and evolving.
The best Bplans for beginning a company as an event planner are:
Are you still on the lookout for a good company idea? Check out this collection of more than 30 company ideas or our guide to creating hundreds of business ideas. Check out our guide to coming up with a fantastic business concept if you haven’t already.
Starting a small farm for profit is not an easy task. But, with the right plan and knowledge, it can be done. In this article, we will outline how to start a small farm for profit.
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- how to start farming with no money
- how to start an animal farm
- farming project
- how to farm