19 Best New Business Ideas for 2016
Each new year, there are a plethora of websites that list the top new ideas and/or trends for the coming year. People often look for opportunities – what industries and or new markets should be pursued? For the entrepreneur, this is a great list. For the person looking for a next role, these are business areas to look into.
This list is from Business News Daily by Brittney Helmrich. I always look for a fresh list to start the year; this was published on January 4, 2016 – you can’t get much fresher than that.
19 Best New Business Ideas For 2016
- Business Services – many companies are still reluctant to rehire ‘support staff’ that was downsized in the last recession. Functions are marketing, HR, health care management, etc.
- Testing Businesses – mobile-friendly websites and e-commerce are critical for businesses, but they don’t always work. Why? They are rarely tested. (Check out SOASTA.)
- Contracting – focus: per CNN – cater to first-time homeowners; 2015 was a big re-entry year for them.
- Smartphone Repair – a continuing HUGE growth trend; we can’t live without them and they are just too expensive to repurchase. There are franchises available, or you can try on your own.
- Healthy Vending Machines – more and more people are becoming health-conscious; they are also strapped for time. Fresh Healthy Vending offers franchises in this growing area.
- Traveling Salons – people are living longer. The need for (senior) services of all sorts is growing – and not all of the needs are healthcare related.
- Employee-Monitoring Services – the U.S. mobile-worker population is growing. There are plenty of vehicle-tracking time clocks/apps out there. Companies do not have the time to monitor this/sift through the data. This could be an add-on to outsourced HR work.
- Translation Services – according to the U.S. Bureau of Labor Statistics, the hiring or interpreters and translators is projected to grow by 46% by 2022.
- Mobile Consulting – if you are in business, it is your job to be where your prospects are. And they are mobile – or you are.
- Freelancing – (see #1 above) – companies are increasingly turning to freelance and contract workers to fill skill gaps.
- Food Truck – on the list since December 2012! – revenue projected to be $2.7 billion by 2017. (Don't think of the truck; think of the businesses that support this industry.)
- Health Care Consulting – two trends coming together: aging baby-boomers and continued need to implement the Affordable Care Act. Management/data analysis services are needed at hospitals, labs and therapy offices.
- Software Training – if you are proficient in a specialized software, you can sell your expertise to people who don’t want to learn through on-line tutorials OR the user manual.
- Recycling Pickup – electronics and batteries are still an issue – and not part of a standard recycling package.
- Kid-Friendly Apps – JWT (J. Walter Thompson - a global advertising company) points out that connectivity with kids is a huge trend – and they are your future customers.
- Health Clubs for Millennials – according to studies, millennials are drinking less and focusing more on health and fitness. Focused fitness centers/clubs that are fun and social are a growth area.
- Box Subscription Services – huge growth area – starting with women as the target. They are now expanding to men and pets.
- Women’s Health Platform – businesses that focus on woman’s health needs, woman’s empowerment and woman’s gender identities grew fast in 2015; they are projected to do so this year as well.
- Instagram Consulting – JWT reported that more and more companies are using Instagram as a marketing tool. The number of companies with more than 100 employees using Instagram for marketing is expected to reach 48.8% in 2016.
Let me wish you the best for 2016!