As time passes and technology advances, certain business ventures become more viable, while others become a complete no-go. For example, when last did you see a DVD rental store? Not too long ago, everyone lined up to pick up the latest movie for their DVD player on a Friday night. Today, starting this type of business would be suicide.
This shows that whatever business you choose to open should be profitable today and for years to come. That’s why we’ve compiled a list of five small business ideas that can do well now and in the future, as well as not requiring an esteemed education, years of experience, or large amounts of capital.
Cycling is currently the second most popular outdoor activity in the U.S., thanks to the increased awareness of their health and environmental benefits. Bike commuting has grown rapidly as the cost of owning a car has risen. This is an especially viable business venture if tourism is popular in your area or if there aren’t any alternative transport options.
Entrepreneurs in the skilled trades industry generally enjoy satisfying careers, a great work-life balance, and high salaries. With older generations leaving the industry, it’s estimated that there will be a huge demand in the coming years for workers in trades such as carpentry, plumbing, welding, masonry, steel working, and home maintenance. With high salaries across the board, increasing demand, relocation opportunities, and low capital requirements, skilled trades make for a great business venture both in 2019 and beyond. With work being performed on-site, you as the owner will also enjoy running your business from home.
Thanks to recent advancements, the virtual reality industry has experienced a huge leap forward in creating innovative, immersive sensory experiences. That said, you don’t have to only focus on creating your own VR headset or games. You can use VR in various businesses, including training, meditation, movies, real estate, and much more.