This Coronavirus global pandemic has taught us many things. One, it made us understand how temporary jobs can be. It’s as if one day you’re a candidate for promotion, the next day you’re furloughed and out of work. Two, it shows us just how vital human connection is. Here are the four hottest industries for entrepreneurs to start a profitable business after lockdown.
Being locked up at home, away from the hustle and bustle of society, intimate conversations with family and friends, we realise that no material wealth can compensate for our desire to connect with others.
Lastly, we also see the importance of having a stable source of income, the necessity of earning more than just a single month’s budget so that you can safely tuck some cash away for the rainy days.
If you’re one of the many Britons who has lost his job, or if your business has gone under during the lockdown period, maybe it’s high time you start a new venture. It’s time to get new ideas brewing and prepare yourself to welcome the new normal.
Since you have all the time in the world right now, why not take advantage of it and start creating your business plan today. If you need help, my team and I would be more than happy to assist you as well. Annette & Co. is your trusted partner in anything business. Anyway, here are four of the hottest industries economists predict to be successful post-lockdown. Peruse and see if anything fits your fresh new ideas for a business:
Health & Fitness
Let’s be real. During this lockdown, most of us have led sedentary lifestyles. You may have worked out once or twice during the first week and devolved into a couch potato after a month of staying indoors. You can bet that you’re not the only thinking of getting back in shape post-lockdown. Many people will start creating new lifestyle goals; it’s like a post-lockdown resolution. One of those goals will most likely be about losing weight or eating healthy. For that reason alone, we can anticipate a demand spike in the Health & Fitness Industry.
People will hit the gym, sign up for low-calorie diet plans, join fitness programs, go vegan, and get into other fitness activities like Kickboxing, Muay Thai, Soul Cycling, and maybe even wall climbing. If you have a passion for staying fit and healthy yourself, it may be a good idea to start a new business in this industry. If you don’t want to go all out and build a new gym complete with all sorts of workout equipment, you can also create online fitness programs which happen to be very popular right now. You can create and sell meal plans and maybe devise healthy diet options.
Suppose you’re not an expert on these areas yourself, partner with someone who is. This will help boost the credibility of your newfound business.
Food & Beverage
The F&B industry is also predicted to reach record-high demand after the lockdown has been lifted. Even though we are entering a new normal and dining out wouldn’t be the same as before, people would still anticipate the experience of “eating out.” People have been mostly cooking for themselves these past few months and many long for some restaurant food or a nice coffee with a few friends in local cafes. People are yearning to re-establish the connection they’ve lost with the outside world and what better way to do that than enjoying food and drinks they’ve really missed.
If you think that you have the skillset and the passion for running a business in the food and beverage industry, then this may be a stellar idea for you. Although new health protocols will make existing requirements for food businesses more stringent, you can look forward to the influx of demand post-lockdown. You can start planning your business plan now and submit applications for a new business. If you don’t have funding yet, you can make use of this time to attract investors or to apply for loan schemes.
Next on the list is something you’ve probably considered even during the lockdown period. The best part is that you don’t have to wait for the lockdown to be lifted to start a business in this industry either. If you have a skill set, you can capitalise on and sell as services, or a new product idea that you plan to materialise, E-commerce may be waters you would want to tread.
Online businesses are all the rage these days, and there’s no limit to what you can do or how much you can sell in an online store. You can carry ten or a thousand products and a single website, and no one would mind it in any way. Space isn’t an issue as websites can easily have multiple inner pages. The real challenge really lies on what you’re going to sell and how you can sell it to the greatest number of people in the least amount of time – in other words, digital marketing.
If you’re planning to try your hand in E-commerce, we may be able to give you great advice. Contact Annette & Co. for a free consultation today!
What if you don’t want to sell online but rather help entrepreneurs who sell online? Retail businesses online constantly look for better courier companies to partner with. This global pandemic has made many people realise the convenience of having their purchases delivered straight to their doorstep. With or without the virus, more and more people will start leaning towards the idea of door-to-door deliveries. This makes delivery or courier services in-demand now more than ever.
If you have a considerable amount to work with at the start of your business, or you have acquired good funding from investors or lenders, this business idea is well worth a try. You must define, however, the extent of the services you carry and make sure it matches with your current resources.
If you have an online retail business and have your own courier service, even better! Annette & Co. is here to help you discuss these profitable opportunities in-depth and lend you expert advice on how you can make your business profit-first. Get in touch with us for a free consultation!