The journey toward becoming a business owner may not be the same for everyone, but tBp is here to make it a smoother one. We’ve put together a list of 10 profitable small businesses that are great options for aspiring entrepreneurs. The combination of growing industries and lower barriers to entry make these businesses real winners. You can thank us later when you’re enjoying the benefits of being your own boss.
1. IT Support
Despite all the devices used daily, a significant amount of Americans are not as tech-savvy as they would like to believe. When the wrong button gets pushed, or that important document is lost, you’ve got yourself a problem-solving opportunity alert! IT Support could be your calling if technology is your forte and you have good customer service skills. It is a low overhead business model with high-profit potential.
2. Electronics Repair
Nowadays, people spend most of their waking hours in front of a screen (computer, tablet, smartphone, television, etc.). This widespread dependency on technology means that consumers want things up and running again ASAP when something breaks. People loathe the extremely long wait times at Apple stores and other electronics retailers, which could work to your advantage. All these devices aren’t going anywhere, making electronics repair an attractive business option.
3. Bookkeeping And Accounting
Keeping your numbers straight is a critical part of business ownership, but money management can prove their arch-nemesis for many entrepreneurs. Whether you’re a certified accountant (CPA) or a QuickBooks guru, helping others keep their personal and professional finances in order could be an excellent way for you to become your own boss.
4. Personal Wellness
Achieving an overall state of wellbeing has become a top priority — especially post-Covid. So whether you are a yoga instructor, personal trainer, or therapist, there are plenty of people that could utilize your skill sets. If you’re looking to help others while you help yourself leave the 9 to 5 grind, a career in personal wellness could be the perfect fit (pun intended).
5. Newborn And Post-Pregnancy Services
According to the UN, about 385,000 babies are born each day, which adds up to more than 140 million a year! A lot of new mothers and potential customers could benefit from niche market services such as doulas and lactation consultants. Aside from the necessary education and certification, these business ownership options come with few startup requirements. Helping mothers bring babies into the world can allow you to bring your entrepreneurial dreams to life.
6. Graphic Designer + Web Developer
The competition among brands remains fierce as they try to win the attention and the loyalty of (easily distracted) consumers. It’s essential to have strategies and content in place, but a business must look the part too. Graphic designers and web developers are the professionals that can get the job done. Your fellow entrepreneurs are great at coming up with ideas and visions, but implementing them is a whole different story. Photoshop, Illustrator, InDesign, HTML, CSS, and JavaScript are scary territories most business owners don’t want to explore. This is where you step up and take care of business – theirs and yours.
7. Social Media Manager
From Facebook and Instagram to Twitter and Tik Tok, customers expect businesses to have a social media presence. Trying to implement best practices while keeping in mind the ever-changing rules and regulations can be overwhelming. Most small business owners don’t have the time or patience to create engaging content and manage their social media accounts, yet they grasp the value of having an online presence. Finding a skilled social media manager means less stress for them and more income for you. Now that deserves a big “like.”
8. Marketing copywriter
Closely related to the social media manager role is that of a copywriter. If you consider yourself a wordsmith who loves to create engaging content, this could be the write job. According to Nerd Wallet, the content marketing industry is slated to be worth a whopping $412 billion this year! Many small business owners need the expertise of a copywriter to create clear, clever, and concise content for their brand. From headlines and taglines to blogs and landing pages, there are many projects to ensure your work as an entrepreneur is as exciting as it is profitable.
9. Tutoring + College Preparation
In life, there is always a lesson to be learned. And when it comes to getting a good education, learning as a tool to succeed is front and center. Parents committed to helping their children do well in school and get accepted into college have contributed to the high demand for tuition and college preparation services. According to IBISWorld, the market size of the testing & educational support industry is $17.9 billion in 2021, so there’s high-profit potential if you can claim your territory in the market.
Small Spaces That Invite You To Dream Bigger
There are a lot of great options from which to choose across many different industries. The best part is that they are all low investment, high reward opportunities. tBp’s micro-retail and customizable office spaces are ideal for all the businesses mentioned above. No matter which path you choose, tBp believes you can be anything you want to be. We know it sounds like a cliche statement from your mom or dad, but it’s true. With passion, determination, and an ability to see past the fear of failure, entrepreneurs don’t let anything deter them from realizing their dreams.