Are you looking for a profitable business to start in 2020? Here’s a list of five business ideas that have a relatively low start up lost, but can yield a major profit.
Forbes revealed that 50% Americans are working independently or making money from their own small businesses in USA. The same trends can be seen in Australia, Canada, and even the UK. In order to reduce their startup expenses and maximize profits, the businesses are outsourcing their projects to the people of developing countries, where operational and manufacturing costs are relatively low. Examples of this countries may include China or India.
Keep in mind, individuals in developing countries are making a ton of money through their various freelance business. If you’re a freelance, take this as your hint to “beef up” your resume and deliverables. .
2. Real Estate
Due to the high urbanization rate, every year hundreds of thousands of people migrate to cities. There are several reasons behind migration such as to find jobs or to improve their living standards. Due to this never ending trend, the need for affordable housing will be in demand.
In other words, there is no time like the present to obtain your real estate license. It’s lucrative…. and it will continue to be lucrative.
3. Alternative Medicines/Health Practices
For a lack of better words, medical professionals no longer has the final say. Here are a list of holistic practices that may require licensing, but have been proven to be lucrative and spiritually fulfilling:
Wellness Advocate (Doterra, Young Living, etc.)
4. Renewable Energy Supplies
The fourth industrial revolution will be composed of biological, digital and physical spheres. In other words, it will be cyber-physical systems. Large multinational companies are investing huge amounts of money in Nano Technology, Bio-technology, Genetics, Artificial technology and machine learning, and 3D printing. These companies are investing in these sources because they know they can avail good opportunities in the future.
Take advantage of the opportunity.
The investment will be minimal now and profitable later.
5. Co-Working Spaces
The trends of future offices are changing . Due to the high rental expenses (this is why you need to obtain your real estate license), it is difficult for small businesses to afford a separate office space. Today, people love to work in co-working spaces! It helps small business owners reduce their rental expenses and it provides a space for collaboration.
On the other hand, maybe you have a decent size room connected to your office space. Clean out the room and rent it out! You can start a small co-working space business with a low investment.
Let's be honest, it's hard for anyone to predict the future business ideas and trends. If you're an entrepreneur or an aspiring business owner, hiring a consultant can offset the pressure of remaining relevant without accountability.
Visit the website www.koinoniatrainingandconsulting.com to schedule your consultation with Dr. Dee Evans today!