Are you interested in starting a business in the UK? Do you want to know what the best small business opportunities in the UK are? Then I advice you read on as I explore the best investment opportunities in the UK for 2020.
Although the UK has one of the most stable economies in the world, it has enjoyed its fair share of unpleasant economic fluctuations. For this reason, new trends are emerging and the faces of various industries are changing with each passing day.
If you are looking to start a new business in the UK, and you seem to be torn between multiple business ideas, then below are 10 business opportunities that will most likely rock the future and are easy to start.
Top 10 Small Business Investment Opportunities in UK for 2020
If you have some professional experience in the security sector, then the good news is that there’s great potential in that industry than you ever imagined. Gone were the days when security only meant standing sternly in front of doors and behind red ropes.
Now, security has become a monstrous sprawling industry that covers anything that can come “under threat.” Security services range from personal security to business security. Even in hard economic times, there’s always a huge demand for these services.
2. Big data
By combining new technologies in the fields of cloud computing, social media, data management, and augmented reality, businesses are creating practical and useful products that help other firms grow. And this new industry is growing at a surprising rate. So, if you are an expert in online information and data management, you can start your “Big Data” consulting service, as the Big data industry is expected to be worth $50 billion by 2017.
3. Freelancing and contracting
Due to harsh economic factors, most businesses are finding it hard to keep up with placing a large number of staff on a monthly payroll. As a way to cut cost, businesses are now hiring professionals on a contract basis. This way, they will pay only per project and avoid the burden of a fixed monthly salary. If you are a professional in fields like accounting, law, copywriting, and so on, you will make a fortune by offering your services as a freelance professional.
4. Premium services
Most of the time, you will hear business experts saying that one of the easiest ways to break into the market is offer your products and services cheap. But in the present day UK, reality doesn’t agree – “cheap” is not necessarily the new normal.
Research has revealed that luxury products and services do well in the UK market even during hard economic times. So, if you want to launch a new business, a good idea is to target price-conscious customers while offering products or services that really deserve the “premium” label.”
Since around half of the UK population now owns a smartphone, it goes without saying that a smart phone repair business would be very lucrative. And because each unit costs up to 600 pounds, people are reluctant to throw broken or faulty smartphones away. Instead, they’d adopt the cheaper option of repairing it.
If you have a knack for fixing faults, then you can quickly learn how to repair smartphones. The smartphone repair industry is still at an embryonic stage and you can realize real gains by entering early into this market.
Rather than change their homes or buy new apartments, people are now saving costs by converting loft spaces, landscaping gardens and knocking down walls to utilize more land space. So, there’s an increasing demand for landscape gardeners, kitchen-fitters, plasterers, plumbers, and builders. If you have any of these skills, now could be a great time to launch your own business and make more money.
The healthcare industry is now depending on the technology industry to provide cost-cutting solutions to various health demands. Digital healthcare involves the development of systems, analytical technologies, and smart devices that can help save lives by giving doctors quicker and more accurate information about patients. So, if you have been looking at starting a business in the technology or healthcare sector, consider exploring the next big thing — digital healthcare.
8. IT security
Due to high-profile hacking nightmares that had once hit companies like LinkedIn, Sony, and Evernote, companies and users of cloud-based services are taking all possible measures to protect their information.
According to major research house, Gartner, global spending on IT security in 2012 was $60 billion and this is expected to hit $86 billion in 2016. So, if you are an IT professional with good interpersonal skills, hone your skills and launch your IT security service. You will be sought after by individuals and businesses.
People eat every day, and this explains why any business that sells foods and snacks will most likely thrive even amid harsh economic conditions. A restaurant business is very easy to start, and it brings quick returns.
With the emergence of new economic trends, college graduates and aspiring entrepreneurs are torn between multiple career and business options. If you are very good at helping others analyze and choose foolproof options, you will make money by starting a career and business