Are You Entrepreneur Enough?
A lot goes into starting a business, either by yourself or with a partner, but there is more to starting something than just having an idea. You have to really ask yourself, are you ready to start a business? Are you ready for the responsibilities that come with starting and subsequently running a business? Do you have the motivation for this job? Do you have the resources? Do you have the know how? Do you know anything about anything?
This is not to discourage you, rather to prepare you on your entrance into business and entrepreneurship. Any business industry you get into is a hard one. There is competition to contend with, fussy consumers, and an economy that is constantly changing and eternally volatile. There is no secret formula to constantly being successful in business, nor is there some magic rule of thumb to always follow, but there is one thing that will serve you forever no matter who you are or what industry you choose to go into: knowledge. Knowing things. Knowing about who you are, what you are about, and what you are up against.
Starting A Business in 2016
There are so many ways to start a business in 2016. With all the different social media platforms at our disposal, such as Twitter, Snapchat, Facebook, YouTube, Instagram, Tumblr, and everything in between, you can go to sleep a normal person and wake up the next morning a social sensation. But sensationalism and being and going viral online only lasts for so long. You want something that will last beyond 15 minutes of fame, acclaim, and success. Here are some businesses to consider getting into this year.
Instagram is one of the most popular social media platforms available right now yet there are so few businesses and companies truly capitalising on it and all it has to offer. According to an annual trend report from The Future 100, it was reported that more companies and businesses are turning to Instagram as a marketing tool and platform. The application has approximately 500 million users, a massive reach in any market. Despite this popularity, companies and businesses have not tapped into it. If you have some kind of background in managing social media or just if you find yourself to be more savvy than most people, start a consulting businesses that focuses around Instagram and show how you can make businesses and companies money by capitalizing on the reach of Instagram.
2. Women’s Health Platforms
Businesses by and for women were booming in 2015 and that trend is expected to carry all the way through 2016. Women’s, cis women and trans women’s, health focused platforms are an absolute necessity in this day and age. This is the kind of business whose focus should be creating a safe resource for all kinds of women to access to get the health and assistance they need. There should be no taboos with the services offered pertaining to women’s health and wellness. Even something that connects women with the proper assistance they need would make a remarkable framework for a successful and meaningful business.
This is a business that should focus on ease and access for the consumer. It is like a product delivery service for a myriad of products. Some box services in existence include comic book fan boxes, pet boxes, fashion boxes, style boxes, and beauty product boxes. This service simply is compiling a monthly or bi-monthly box of products for a specific demographic and shipping the box out. Some box services are highly specialized and others are more general like and interest, so it is up to your discretion as a potential entrepreneur to decide what direction you would like to go in. These subscription box services exist both at the high, low, and middle ends of the market so there is no niche too specific for you to rich. To keep your business as lucrative as possible, keep the cost of goods and production as low as possible if you can. Offering a competitively priced box will also help you keep up with competitors.
4. Health Clubs
Most people associate getting into shape and changing their diets with New Year’s resolutions, but that does not seem to be the case anymore, especially with millennials. Instead of going to conventional gyms and fitness centres, they are looking for more creative, more inclusive, safer spaces to go to to improve their health, fitness, and overall wellbeing. If you can create a space with a reasonable membership fee that is body positive, inclusive of all body types and abilities, and accessible to everyone, you might stumble into a goldmine.
5. Things For Kids
Be it kid-friendly applications for smart technology or tablets or kid-friendly literature like picture or storybooks, children are a huge market that very few people have the foresight to tap into. There will always be children and there will always be a massive need for media for them to consume, especially now that most kids are given tablets and smartphones in place of books to keep their time occupied. If you can team up with a developer, or if you are a developer yourself, you can create simple child-friendly games and applications for parents to download to let their children use.
Retirement homes and communities are always in need of people to come in and help where they can. This is a job that is less about becoming a nurse for senior citizens and more about being a friend to someone, keeping an elderly person company wherever they are. This kind of job involves playing card games or bingo, watching television or films, or even helping lead gentle stretching and exercising routines with the appropriate certified nurse or instructure. You can make a great career out of keeping someone company when they need it most.
7. Food Trucks
There are people in the world. There are hungry people in the world. Even the people that aren’t hungry right now will get hungry later and wouldn’t you like to be the one filling their belly? A food truck is the perfect alternative to a restaurant if you are looking to get into the culinary industry. Over the last decade or so, food trucks have become less sloppy, heartburn-and-indigestion-later fast food pit stops for busy folks and more gourmet tastes of the world. Some food trucks specialize on certain ethnic foods while others specialize in your favourite comfort food. There are even some trucks that serve only dessert. Other trucks fall all over the spectrum selling speciality foods and their own unique, signature creations. If you love to cook and want to serve, open up a food truck. You get the benefits of owning a restaurant without literally being tied down to one location.
8. Translation Services
Remember those second language classes that were mandatory in school? Put those to good use if you’re proficient enough and start a service that helps translate from one language to English, or English to another language. All kinds of folks require translations services, especially if they are new to the country and need help with documentation and communication with specific individuals to help their immigration process. But this is not limited to newcomers into the country. You could also help students or professionals looking to learn another language to improve their resume with a second, third, or even a fourth language. If your firm gets big enough, you could have experts that speak a myriad of languages to help a myriad of people.
9. Travelling Salons
Have you ever had one of those moments where you look in the mirror and realize you could use a trim on your hair? Or that your roots or showing? Or that your manicure needs a touch up? Or that your beard is looking slightly dishevelled? Don’t you wish you could just pick up the phone and call someone to come over to take care of whatever aesthetic need you require? Travelling salons have been picking up steam lately, especially among business professionals who would rather have someone come in to cut their hair instead of them taking time out of their busy days to go somewhere else, wait, and receive the service they need. Travelling salons are borne out of convenience. If you can provide a quality service in the most convenient way possible, you are sitting on a pile of money.
Whatever business endeavour you choose to go into, there is truly no lack of industries or niches to break into. All you have to remember is to educate yourself on whatever direction you are headed down so you do not get lost or stranded along the way. Stay up to date with relevant industry news and always be open to learning and developing as a strategy to succeed and continuing to succeed. One good thing to remember in 2016 when starting and running a business is to be aware of how quickly things change: consumer wants, technology, markets, and the economy. You need to keep your finger on all those pulses all at once if you want to stay afloat as an entrepreneur. Whatever business you want to start in or break into, best of luck to you!