While it may seem counterintuitive, starting a business after a crisis has its benefits. Many world-renowned companies today are clear testimony that a business can thrive even in the most difficult times. Companies such as Microsoft, Burger King, General Motors, and a few others all rose to success during and after a crisis.
In the UK, the pandemic has yet to end. And it may still take some time before the situation returns to normal. With that said, now is the best time to plan your very own startup. But the question is, what are the best businesses that you can venture? Here are eight that you can consider.
The health crisis that the whole world taught us a few lessons and the importance of sanitation and cleanliness is one of them. Because of this, cleaning services will likely be in demand, both for private residences and commercial establishments. Not only will this business become a staple, but it also requires very little investment.
Outside of special equipment like carpet cleaners and vacuums, you don’t have to spend as much for this business. Overall, it’s a low investment high-profit business option that you can choose.
Before the pandemic, online businesses are already thriving. As the crisis ends, more people and companies will utilise or turn to online platforms. Services such as retail, marketing, accounting, and even teaching, can now be offered online.
What’s more, with people turning to the internet, the need for content, graphics, and advertising will be greater. Many of the online businesses you can start doesn’t require as much investment. You can also do your work at the comfort of your own home.
Health and wellbeing
Health and wellbeing will always be the priority of most of the population, more so after a pandemic. Not only will people eventually need to be treated, but many are looking to prevent medical problems in the future. Because of this, businesses related to medical and healthcare will be more in demand. Hospitals, pharmacies, and other healthcare providers will never go out of business.
Medical consultation services, veterinary, and hospice care are also worth looking into if you plan to enter the healthcare industry.
Construction retail and services
People will always need products and services related to construction. For instance, many people will have to do general repairs no matter the situation. Because of this, handyman services and home renovation becomes crucial. For these businesses, your skills and experience and some funding are all you will need to succeed. Likewise, many retail companies also thrive.
For instance, composite decking supply business, lumber suppliers, and general hardware stores all do well in any situation. Composite Warehouse UK, for example, a company that supplies decking boards, is one of those companies that have done this. They started at the beginning of the first lockdown, and now they are doing well.
There will always be the need for professional services even after a global crisis, whatever the field or industry. For instance, many individuals and business owners will need accounting services to comply with legal obligations. In construction, technical work such as plumbing, electrical, and to some extent, HVAC, require professional tradespersons.
Even services that don’t require skill instead of licenses are also in demand, such as customer support and virtual assistance. If you have the necessary experience or license to operate in such fields, you’ll want to consider starting your very own business.
Delivery and logistics
During and after the pandemic, “new normal” standards will still encourage people to limit face-to-face transactions. For this reason, many individuals and businesses will turn to online platforms to offer their products and services. Not only will it cut their cost, but it will also be safer for them and their customers. For this reason, logistics and delivery will have high demands.
Many will continue to use services such as food delivery and parcel shipments, making it a viable business in the UK after the pandemic.
Real estate is one of the industries that can survive even the worst crisis. It is one of the most fail-proof businesses, but it’s also the most lucrative and rewarding. While the pandemic might slow down the UK market, many experts agree that it will eventually recover and thrive more than before.
Real estate includes home improvement, property development, real estate agencies, and consultancy services. Some of these also require very little investment. You can even start your very own property development company without spending any of your money. These are some career and businesses opportunities that you may consider in real estate.
Starting your very own shop is one of the most rewarding businesses that you can start. You can choose to make handmade crafts, or import and export items. You can also buy for cheap, such as clothing, gadgets, and household items, and sell them for a higher price.
When it comes to selling online, your choices are limitless. As long as you can market your business successfully, expect some good income with little investment needed.