If you are considering the idea of starting a business in 2022, it is important to take the new normal into account. The covid-19 pandemic has changed so much about how people consume products and services. It is important to keep up to date with consumer trends and to create a small business that has the potential to be both popular and also realistic able to flourish in the current conditions associated with the covid-19 pandemic.
For Australians who have an entrepreneurial spirit and have always dreamed of working for themselves here are some ideas for different types of businesses that you could consider launching.
If you already have huge amounts of knowledge and passion for a specific topic (such as; business, human resources, social media marketing, leadership or communication), consulting can be a lucrative option. You could start a consulting business by yourself and then overtime grow your business by eventually hiring other consultants.
If you are passionate about clothing or sales you could consider starting an online reseller business. Although doing this takes time, dedication and an eye for fashion you can start this as a side hustle and turn it into a full-time resale business eventually. You could start by using online store websites such as; Poshmark and Mercari to sell your unwanted clothing, then expand to your own resale website.
In recent years, the demand for online education has opened up plenty of opportunities for entrepreneurs. Since this is an online venture, you can choose any subject you are knowledgeable about and teach a course regardless of your location. If you don’t have advanced knowledge in any particular subject, consider teaching English as a foreign language online to students overseas.
If you like to clean, you can easily turn that into a business. With a few staff members, a host of cleaning supplies and transportation, you can offer cleaning services to homeowners, apartment complexes and commercial properties. Generally speaking, the majority of cleaning services charge between $25 and $50 an hour. Cleaning services are straightforward businesses that require relatively little overhead; you simply need planning, dedication and marketing to entice customers.
If you’re looking to differentiate yourself from other cleaning services, consider adding premium options like floor waxing or exterior power washing for an additional fee. These services could be the deciding factor between your new cleaning service and seasoned companies that maintain too large a client list to provide that level of cleaning.
If you have knowledge and are experienced with technology you could potentially start a career in app development. Smartphones are an everyday accessory for millions of people around the world, this means that there is a huge demand for mobile apps. Similarly, virtual reality software has become popular in recent years, so there is also a demand for VR app development.
Freelance Copywriting or Content Writing
If you are naturally gifted when it comes to writing and you also have knowledge about marketing you can establish yourself as a freelance copywriter or content writer. Whether you write blogs, web content or press releases, plenty of companies will pay for your services. Increase your value by using SEO knowledge to help clients craft a strategy around specific keywords that their target audience is already using in their online searches. Most freelance copywriters charge $40 to $50 per hour, but those with expertise in a given vertical could charge even more.
Freelance copywriting is a great business to run because as long as you have an internet connection, you can work. It’s a business that you can operate from the comfort of your own home, or even from the road if you travel. If you establish a large enough network and gain referrals from satisfied clients, you could even make freelance writing your full-time job.
Ride Share Driving
If you think that starting your own business seems too much of a risk, you can always use your car to work as a rideshare driver. The overhead and responsibility of running the company falls on the rideshare service, giving you the freedom to work as much or as little as you desire. Rideshare applications such as Uber and Lyft allow people to start side hustles that pay well and require little more than a willingness to drive people to their destinations and make occasional friendly conversation.
Rideshare drivers have the independence of a small business owner without the heavy workload required to manage behind-the-scenes logistics. If any of the other business ideas seem to require too much effort or upfront capital, ridesharing might be the way to dip your toes into the world of entrepreneurship.
The team at C&D Restructure and Taxation Advisory are here to help. As part of the Vault Group we can offer the full suite of financial products and advice to help you navigate the business landscape. Schedule a meeting here via Calendly or give us a call on 1300 1 VAULT (1300 182 858)
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