The arrival of the coronavirus generated paradigmatic changes in the way of doing business. The need to keep the financial sector active, despite mobility restrictions around the world, forced businesses to turn to new markets, digital tools as well as to generate new models and lines of business to maintain their revenues.
Most companies were affected by the COVID-19, but some industries were strengthened by it. Companies that were born digital and those that had implemented home delivery formats or solutions to everyday problems prior to the pandemic took advantage of this situation to improve their revenues and accelerate their growth substantially.
One option for small companies engaged in traditional markets or for entrepreneurs who want to establish new businesses is to access resources such as small business grants. This way they can become companies ready to face the current context or modify their business lines and sales channels to increase their profits. If you want to learn more about how to achieve this, click here.
New businesses can be successful in 2021
Vaccination campaigns around the world are in process, but the return to normalcy, according to experts, is projected until 2022, at least in the United States. But businesses with innovative ideas will be the big winners.
If you do not have the necessary budget to implement new strategies and processes, you can rely on small business grants, investors or small business loans, granted by various private or government agencies, which will allow you to achieve the financial objectives of your company.
Learn about the small business models that are most likely to succeed in 2021 and will continue to do so in the years to come:
- Home maintenance and repairs
Because of the pandemic and the mobility restrictions it entails, people spend more time at home. Therefore, all of their facilities and furnishings are getting more wear and tear. Lack of time or knowledge makes it necessary to hire specialized labor to fix the damage and maintain all the basic services. If you have knowledge in this area, take advantage of the opportunity.
- Personal trainers
One of the biggest concerns during the COVID-19 pandemic is health. People have been trying to improve their eating habits and increase their physical activity. Personal trainers, either remotely or in person, make it possible to perform exercise routines without having to go to crowded places and according to each person’s needs.
- Electronic equipment repairs
Florida is the 12th best state in the U.S. for remote work, according to WalletHub. Electronic equipment is essential for these work formats. Computers, cell phones, tablets and smart screens require constant maintenance and repairs, take into account these needs and capitalize on this niche market.
The tools to provide this service are expensive, accessing small business grants may be the support you need to achieve the entrepreneurship of your dreams.
- Home-cooked meals delivered
Work pressures have increased and time for housework is less. Many people resort to tasteless frozen food or junk food. If you consider yourself a good cook, offering food delivery will allow you to start a low-investment business that can be operated in a home-based format.
- Delivery service or courier
In 2020 the need for courier and delivery services grew. Stores, pharmacies and many other businesses require this assistance, generating alliances with them to be part of a work chain that will benefit everyone. You can also join the fleets of companies such as Lyft or Uber.
The new normal requires us to reinvent ourselves. Analyze your talents and areas of opportunity and entrepreneur to achieve the income you want. The options we present are some examples of businesses that will be in great demand during 2021, but remember that when it comes to entrepreneurship, imagination is the limit.
In case you already have an established business, take into account these trends to implement them within your business model or line of business. Remember that innovation is key for small businesses to achieve success.
Remember that small businesses are the economic engine of the United States, the American dream is closer than you think.
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