Starting a small business in the coming year is probably on the 2022 to-do list for a lot of people. Although several small-scale business owners were affected by the coronavirus pandemic, the world is gradually returning to normalcy, and businesses are beginning to recover. At the same time, new ideas are emerging, and someone who is looking to start a company must be careful in the decision-making phase and monitor small business news. To start with, it is important to select a business idea where one is knowledgeable. It is equally essential to be passionate about the business. In addition, whether there is a demand for the product and service is another question to answer before starting a small business.
To start a business begins with the conception of an idea, which is later developed into reality. Regardless of the kind of business, an entrepreneur needs to be aware and stay vigilant of the post-pandemic changes. About 16 members of the Forbes Coaches Council highlighted some trends believed to mostly impact small businesses in the coming year. The Council members noted that emotional intelligence and empathy are paramount in running a small business. Additionally, social media marketing is powerful and can help create awareness and attract more customers. At the same time, influences on TikTok, Instagram, and other social media platforms can provide the exact endorsement required to promote the business.
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According to Carlos Then of Then Consulting LLC, a small business owner should consider employing big business systems and processes in 2022. Then noted that setting up toll-free numbers, voice response systems, and other functions is crucial to the survival of a small business in the new year. Furthermore, small business owners must endeavor to create people-first workplaces. This will prevent the loss of efficient workers and the upliftment of work values. Other trends the Council members highlighted include networking, the importance of digital marketing, and excellent service delivery.
As 2021 ends and 2022 approaches, we are most likely to see a spike in the number of entrepreneurs. In this current year, business formation statistics from the US Census Bureau revealed that there were filings for over 4.6 million applications for new businesses between January and October. Should we expect more filings? Should we expect an increase in small business owners? Will small businesses survive in this post-pandemic world? Here are some insights:
At the idea conception phase, an entrepreneur must be mindful of the survival of the small business, considering the global health crisis. The unprecedented coronavirus pandemic has affected how people accept and consume products and services. Instead of considering the traditional businesses, it is of high importance to factor in the kind of life people live now and predict the possible evolution over the next few years. Please, note that many of the business ideas below require a credit card processing partner to assist in payments. The relevant business ideas that are recommended for 2022 include
- Online teaching- At the peak of the pandemic, all organizations, including schools, shut down. When it appeared that the global lockdown was not easing off, many schools shifted to online teaching. With the new normal, schools are not just the ones that have adopted online education. Businesses now conduct seminars online. There is now a rise in online skill acquisition programs and many more. As such, there are now several opportunities for entrepreneurs to consider online teaching, which is here to stay. Anyone can choose any area of specialty, create a course outline, and begin feeding the demanding audience at a fee.
- Consulting- This is closely related to online teaching. Any skilled individual in human resources, communication, social media, events planning, or other areas can start an online or physical consulting business, which has the potential to grow over time.
- Online bookkeeping- Modern technology is another opportunity for accountants or bookkeepers who desire the freedom to run their own businesses. With technology, skilled individuals can perform bookkeeping services online.
- Freelance writing/content writing- Anyone grammatically sound and good with words can turn their abilities into a source of income. There are several companies that are willing to pay handsomely for blog write-ups, web content, press releases, and many other types of writing. Utilizing SEO knowledge can also help clients reach their target audience.
- Food truck business- As we all know, there is a need to limit the number of people who will be at a gathering simultaneously. This applies to all institutions, including restaurants. A lot of restaurants wh used to have a lot of sitting tables and chairs have removed some, leaving space for very limited sit-ins. As restaurants focus on take-outs, owning a food truck is also a small business to consider. Many consumers do not even have the time to go into a restaurant to eat. They will rather buy food on the go. Food trucks come in different sizes and shapes, and it will allow aspiring restaurateurs to serve varieties of snacks and cuisines.
- Pet sitting- About 70% of American homes own pets. If it is not a dog which is mostly the case, it may be a cat or any other desired pet. When these families go away for a short or long time, they need a pet sitter to help take care of their pets. More interestingly, the person may even go with their laptops and internet connection to continue their side business as a graphic designer or content creator. Content creating while pet sitting, amazing.