10 Best Small Business Ideas – Do you want to start your own business in 2023? At Simply Business, we’ve dug deep into our customer data to uncover the latest trends for small businesses and the self-employed.
What are the most popular new business ideas and how has the cost of living crisis affected those trends? From DJs to new independent cafes, here’s what we predict for 2023.
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We analyzed all new Simply Business business insurance policies signed in 2021 and 2022 to find the fastest growing small business sectors.
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And a new wave of entrepreneurs appears to be emerging in a year dominated by the cost-of-living crisis.
From security guards to DJs, many crafts are seeing a resurgence as the nation returns to events, live music and travel after the Covid-19 pandemic.
While many businesses are cutting contractors to cut costs during the pandemic, the rise in self-employed project managers may indicate that demand is increasing.
Reinforcement can also be due to a change in attitude towards work. Many project managers are now using hybrid and flexible working hours after the pandemic.
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With airports, nightclubs, and other industries that need trained security personnel just beginning to operate at full capacity, it’s no surprise that we’ve seen a 22 percent increase in security personnel by 2022.
Read more about how to start a security company to find out the skills you need and the type of work you can do as a self-employed security guard.
Thinking of parlaying your passion for music into a new business venture? One popular idea might be to become a disc jockey.
Nightclubs were among the hardest hit during the pandemic. But as the music entertainment industry recovers, more people are turning their hands to DJing. in fact, our data shows that the number of DJs will grow by 18 percent in 2022.
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Events, parties and weddings all enjoyed a year uninterrupted by Covid restrictions last year, which may go some way to explaining this surge in popularity.
From teaching dance to running a gift shop, the trend of side hustles and following creative passions looks set to continue.
If you’re a trained dancer and looking for a natural side hustle, why not start teaching professional dance?
Our data shows that the number of self-employed choreographers increased by 12 percent between 2021 and 2022. You can join one of the many dance instructors and earn money from your hobby.
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Read more about becoming a self-employed dance teacher, including practical guidance on your legal and tax responsibilities and marketing tips.
Whether it’s to sell homemade crafts born out of a hobby of tinkering or those realizing a long-term ambition to own a retail store, entrepreneurs seem to be opening more gift shops.
Despite the challenging economic environment, we insured 21 percent more gift shops last year compared to 2021.
If you’re in retail, consider how other trends like sustainable fashion and homemade candles can complement your sales strategy. Or why not test the waters with an online store first?
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Amid the cost of living crisis, we’ve seen a number of small businesses rise on the high street.
Here are popular business ideas to make the top 10 fastest-growing industries, according to new data from our customers:
Although the trade industry has seen multiple challenges, from supply chain issues to tool theft, some trades are growing;
Alan Thomas, UK Managing Director of Simply Business, commented: “Small businesses and the self-employed are vital to the UK economy, accounting for 99 per cent of all UK businesses, most of which are being hit by the cost of living crisis.
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“Fortunately, small business owners have shown resilience, innovation and creativity at every stage since the start of the 2020 pandemic. And as the wave of challenges continues, it’s incredibly encouraging to see this upsurge in UK entrepreneurs when it comes to our question. restoration.
“Simply put, our economy and communities need small businesses to recover, so it’s gratifying to see a new wave of entrepreneurs jump at the chance to get started.”
We’re an animal-loving nation, and pet ownership seems to be on the rise. If you want to take advantage of this trend with a new business, read our guide to working with animals for some ideas.
Starting a home baking business is something that has risen during the pandemic and beyond. in fact, it grew 230 percent between 2019 and 2021, according to Simply Business research.
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Read our guide to starting a cake and baking business for the basic steps you need to follow. And check out tips from Butterwick Bakery on how to get started:
The small profitable business ideas in this article are meant to give you inspiration. If you want to explore an idea, make sure you treat it like a business by doing the right research and planning. writing a business plan is a great place to start.
Once you’ve decided on the type of business you want to start, you’ll need a name. If you’re looking for small business name ideas, why not use our free Business Name Generator?
For more general data on business confidence and optimism, read our SME Insights report and understand the challenges facing businesses.
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Methodology: Simply Business analyzed 196,271 new policies in 2021 and 179,832 new policies in 2022 to find the fastest growing areas. The data was taken in January 2022.
With Simply Business, you can create one self-employed insurance policy by combining the covers that are right for you. Whether it’s public liability insurance, professional indemnity or anything else you need, we’ll give you a quick quote online and let you decide if we’re a good fit.
We create this content for general informational purposes and should not be taken as advice. Always take professional advice. Read our full disclaimer
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© Copyright 2023 Simply Business. All rights reserved. Simply Business is a trading name of Xbridge Limited, which is authorized and regulated by the Financial Conduct Authority (Financial Services Registration Number: 313348). Xbridge Limited (No. 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG. Leasing commercial real estate, warehouses or office space can put a huge financial strain on a new business. In contrast, many home business opportunities are quick and easy to start.
Some work from home business ideas require an initial investment to get the ball rolling, while others require as little as $39. Also, some home businesses are easier to start if you can convert a spare bedroom into an office or workshop. others are easy to run from your dining table.
So what is the best work from home idea for you? In this article, we will explore the top 10 home business ideas that you can start quickly and easily.
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(Disclosure: This site is part of Shopify Inc. Media Properties. Although we strive to publish objective, accurate and factual content, this article may contain biased opinions.)
While there are countless ways to start a home business, here are 10 of the most affordable home business ideas to consider:
Do you like to create things at home? If you love crafts or art, why not sell your handmade products online? For example, you can:
Whatever you want to create, selling handmade products is a great way to turn a passion into a work-from-home business opportunity.
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If this home business idea has caught your attention, start writing down a list of all the things you can create. Then do some online research to see what other people are selling.
If you like the idea of starting an online store but aren’t sure what to sell, consider starting a dropshipping business from home. Also, this is a home business idea that has low start-up costs.
Dropshipping is a type of e-commerce where sellers do not need to purchase or store the products they sell. Instead, sellers partner with dropshipping suppliers who manage inventory and ship products directly to customers on behalf of the seller.
Best of all, starting a dropshipping business from home is as easy as 1-2-3 thanks to dropshipping apps like DSers.
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That’s why. You can use DSers to start selling dropshipped products online. just sign up for Shopify, install the Dsers app, and search for products to add to your store.
Likewise, if you love creating art and attractive designs but don’t want to make products yourself, you can start a print-on-demand business from home.
Print-on-demand is a type of dropshipping in which you can sell products that are customized with your design, such as:
To start this work-from-home business idea, sign up for a Shopify account and choose a print-on-demand app to install, such as:
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Another way to sell products online is to buy products in bulk, also known as “wholesale” and sell them individually.
When you buy products in bulk, you can get a lower cost per unit than if you bought them individually. Then you can increase the prices when selling the products individually
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