Each year we see a change across local business trends, in which some business areas rise whereas others tend to fall. It’s a topic that is out of our control and ruled mainly by the changing lifestyle trends that differ each year.
The good news is that the UK small business landscape is thriving. Each year, we see a rise in small businesses and start-up companies being launched, with more people becoming their own boss than ever before.
If you are currently running your own business but feel a little unsure about its potential growth, or, you’ve been considering setting up your own company for a while, then read on.
Here are 5 key business areas due to grow as we go into 2020.
1. Plant-based eateries
No one can deny that 2019 is the year that veganism (and other plant-based lifestyles) have hit the mainstream. It has been a turning point year so far in terms of those switching their meat heavy diets to natural, organic and plant-based.
Some say it’s due to a rise in gut and internal issues, such as IBS, and others put it down to more awareness of cruelty to animals. Either way, veganism is on the rise, and the restaurant and take-away industry is having to reflect this.
There are plenty of opportunities for new businesses to capitalise on this rising trend. Whether it’s a vegan café or a plant focused bakery, it’s big news.
2. Microblading Beauty
If you’re skilled in the beauty industry or want to become skilled to offer a local beauty service, microblading is one of the most in demand treatments of 2019. Microblading is a near-permanent solution for eyebrows that are overplucked, naturally fair or out of shape, which takes on a tattooing skill.
The newest microblading trend is ‘ombre’ brows – a technique that has recently launched. The flourishing trend around eyebrow art is going nowhere fast, so if you plan to go into business in any area of beauty, this is the one.
However, microblading is a highly skilled job which takes a lot of training, so you will have to invest in building up qualifications. Due to it being a riskier job, the training can be expensive, but the return on investment is high.
As people seem to have more money to spend on beauty and looking after their appearance, the whole self-care and beauty maintenance interest area is moving towards an experience. People are choosing to spend a day at a salon and go all out, making a day of it, preferring it to having a mobile therapist visit their home. This means that it’s useful to focus on setting up an actual business base that clients can travel to, which acts as a place for them to ‘have an experience’.
Look at shop units or salons that are available to buy or rent, and remember that today’s social media obsessed world love booking in at places that have that Instagram aesthetic. When considered the type of shop fitting you need, it might be worth bearing in mind that the more photogenic your salon will be, the more it may attract customers.
3. Virtual and Digital Assistance
We’re now a world addicted to our smartphones, but not just for social media use: we’re using them more for work purposes too.
With that in mind, many people who work in the digital industries are looking for virtual assistants to help them out. Otherwise, it can mean being glued to laptops and smartphones from 6 am through to 10pm, which is where online assistants can help to reduce the workloads.
Virtual assistant companies are a relatively new trend which saw growth last year, with assistants managing social media platforms, customer online enquiries, email and diary management.
4. Home Maintenance Services
As people become busier than ever before, there is an increasing demand for home maintenance related businesses. From garden landscapers to cleaners, home residences are calling on these services more frequently.
Cleaning services at one point used to be associated with those who had a lot of money, but now it’s much more mainstream for a household to have a weekly or fortnightly cleaner. The more demanding our lives are becoming, the more need for help with running a household is needed.
As the world is becoming very app focused, why not look to create an app people can use to search for cleaners in their local area?
5. Elderly Care
Research has proved that we’re a nation living longer, which means the aging population is growing. Due to this, the healthcare services have needed to increase the care for elderly people. Investing in elderly health care services is a great idea if you are looking to tap into a growing industry.
Recent research has also revealed that due to the elderly living longer, we are a nation seeing more cases of dimension-related disabilities. Again, this has created a demand for healthcare professionals who are strongly skilled across nursing and care for the elderly.
Is there a business idea you think we’ve missed that could be huge for 2019? What about 2020 – have you had any insight into the business ideas which could thrive next year? Do let us know.