25 Best Small Business Ideas for 2020 – PART 1

Small Business Ideas

Business ideas come by at any given point of time to anyone. Every person dreams of being his boss and considers a variety of small business ideas. But then, there is a secret attached to a business idea. You ought to be systematic and thorough part from having passion and direction. Put the ideas together into a solid list of proven and practical business ideas. Evaluate which of these ideas would most likely work for you.

If we tried to think of a good idea, we wouldn’t have been able to think of a good idea. You just have to find the solution for a problem in your own life” – Airbnb Co-founder Brian Chesky

Let us explain it better to you. There are a series of five questions that you need to ask yourself if you are trying to find a small business idea.

  • What are your interests?
  • Where is the need in the market?
  • How can your skills satisfy the needs of the market?
  • Who is your ideal client?
  • What is your ideal work environment?

The moment you have answers to the above-mentioned questions. You are ready to start a small business. To help you, We’ve pulled together small business ideas for anyone who wants to run their own business in 2020. This list features small business ideas that suit soon-to-be entrepreneurs in a range of sectors, and with a variety of interests. If you ready for it, you might as well find success knocking on your doors.

Keeping the length of the blog in mind, we have made it into three parts for your easy and leisurely read.

BEST BUSINESS IDEAS FOR 2020:

Accounting and Bookkeeping:

If you are good in business accounting and using such software, you can be an entrepreneur in your own right. As a bookkeeper, you’ll process payroll and invoices, collate expense reports, etc. In case, you have a CPA license, you could help business owners generate balance sheets, file taxes, and other accounting docs too.

If you have the necessary skillset, accounting and bookkeeping is the best and more remunerative, small business idea for you.

Business consulting:

If you are quite experienced in business for a long time, you could offer your services to other entrepreneurs clamoring for your knowledge and expertise within your industry. You could start your career as an independent consultant. Get paid to speak at events, industry conferences, or even serve on a board of advisors of a startup.

Starting a consulting business is indeed lucrative and you can make earn a good income while working on your terms.

Related: Small Business Trends and Predictions for 2020

Marketing Services:

There are a lot of business owners out there who have little to zero marketing experience. As an independent marketing professional, you could work with small businesses that are short of the in-house bandwidth to execute their marketing ideas and plans.

You could start blogging for them, strengthen their SEO strategy, generate ad campaigns, install inbound marketing tactics to give them the exposure they deserve. This is an ideal way to strengthen your position in the market with your skills as well.

Related: Why is Advertising an Important Aspect of Marketing?

Real Estate business:

If the property and real estate is your liking, you could serve individuals and businesses with your expertise in the field. Starting your real estate agency, you could help find office spaces, houses, or apartments for the right clientele.

Or even better, buy properties if money is not an issue, become a property manager and rent space to tenants, or even business houses looking for space to operate. This is a new phenomenon that’s in the market. Seize the opportunity.  

Event planning:

There is this huge scope for event planning with individuals and corporates hiring freelance event planners. If you love and are adept in managing the design, logistics, and coordinating to pull off major events, then you are in the game.

Start small, by doing event planning to a community or within your network. You need just one great party and your business will take off with those word-of-mouth recommendations.

Related: 7 Reasons Why Events Require a Website and 2 Steps to Build An Event Website

Video production:

If you are the person fond of capturing every moment of life in a camera, you could look into video production as an option for a small business idea. The popularity of videos on social media platforms and the internet is on an all-time high and so is the demand for people who can shoot and edit videos.

Despite you not having a prior video experience such as graphic design, there are numerous online courses you can enroll in to teach yourselves to edit video using software such as Adobe or Final Cut Pro. You could also start a video production in your home itself. Once your videos gain popularity, that will be automatic marketing for your production enterprise.

To be Continued in Part 2

Related: The Success of Small Business Structures Mystery Revealed

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