It’s been a great year for small businesses, which is no doubt set to continue into the new year. If you’re looking for a worthwhile investment, you might consider the following industries, listed in no particular order.
1. Online education
With a huge variety of online courses now at our fingertips, whether this be learning a language, a craft or building on your current skillset for career development, online education has become a booming small industry.
2. Child-oriented businesses
It’s safe to say that all parents want the best for their child, therefore are willing to invest in child-oriented small businesses. Furthermore, with children enrolled in daycare, summer camps or sports classes, parents can get some much-needed downtime. They’re not for everyone, but if you enjoy working with children, have a look at the child-oriented businesses we currently have for sale.
3. Estate agency
Whether it's renting or purchasing a property, everyone needs a place to live. This year, with the gradual drop in house prices, many have jumped on the chance to buy a property. If you are property-focused, this could be the industry for you.
4. Delivery services
From food and clothes to electronics and Christmas presents, we can now have anything we want without moving from the comfort of our sofas. Cashing in on a delivery business could be a very profitable move in 2020.
5. IT support
Although sometimes it seems computers speak a different language, with the help of IT support, any issues can now be remedied with a simple phone call or click of a button. Providing much-needed assistance to homes and businesses across the UK, this service is in high demand. Although not much overhead is required, it’s a competitive industry, meaning marketing is essential to make your business stand out from the crowd.
6. Accounting and tax prep
As getting your taxes and personal finances in order is unavoidable, accounting services are highly sought-after. If numbers are your strong suit, it might be worth your while offering this to those who would happily pay handsomely to take this off their hands.
7. Auto Repair
Car trouble is one of the most common inconveniences amongst members of the general public. From tyre replacement to an oil or headlight change, if you are well-versed in the art of fixing cars and are willing to market yourself correctly, this could be the job for you.
8. Online Retail
Much like delivery services, online shopping has taken over our lives and shows no sign of leaving. Whether you carve out your niche and sell collectors’ items or join the crowd in selling gifts or everyday goods, now is the time to get involved and reap the financial rewards.
9. Web and Logo design
With new businesses popping up every day, there is a huge demand for precise branding and design to create an appealing online aesthetic. Not everyone has what it takes but if graphic, design and marketing techniques are your bag, along with great client skills, this could be the industry for you.
10. Dental offices
As soon as molar pain sets in, you have to be a certain type of person to get along with the pain for longer than a couple of hours. Likewise, not many people are confident walking around with a chipped tooth therefore call on their dentist almost immediately. Once you’ve got the education, office and equipment costs out of the way, the salary more than makes up for it.