The changing business environment has opened up unmatched opportunities for investors. Regardless of the investment potential, new policies and norms set by the ruling governments have popularized the idea of setting business and creating new employment opportunities.
When it comes to small investors, not everyone wishes to take a huge leap of faith. Therefore, here are the top 10 business ideas that small investors can look forward to in 2020.
1. Blockchain Development Company
With the increasing popularity of cryptocurrency and online security blockchain technology, which is considered as the backbone of cryptocurrency, is also experience a splurge in its popularity. In fact, blockchain technology has the potential for more than just facilitating crypto-exchanges. The peer to peer data transfer, although, allows for anyone to access the data, but does not allow the data to be copied or transferred. Thus, making it perfect for applications across different trades.
2. Front Desk Attendees Services
Companies that have adopted automation, does not have significant manpower or even the resources to meet and greet every customer that walks through the door. This is where outsourced front desk attendees come into play. Even better is if you can automate the whole front desk process. Automated front desk service providers can manage data, handle emails, and process general data. Though this calls in for slightly higher investment, if you are a developer, it shouldn’t be a problem for you.
3. Online Branding Services
Digital media stands stronger than ever before. With a couple of thousand dollars, you can start with your own website idea. Create yourself an influential blog, and start publishing branded content. You won’t be paid for simply publishing the content, but you can still earn referrals and association royalties from the brand, on successful sale growth, through your channel. An important keynote to follow is to carry out the SEO for your website in compliance with Google webmaster’s guidelines. Stay up to date with all the updates that Google rolls out, and you are likely to stay on the top of search results.
4. Immigration Consultancy
Since the birth rate in Canada is very low, a significant influence of immigration can be witnessed in the country’s economic growth. It is quite easy to market your services to the people overseas and help them with the immigration process. Educating your customers is the key to the successful growth of your business. The immigration consultancy can be perfect if you are looking for a low setup cost business in Canada.
5. Chauffeur Services
Another interesting and profit-driven business idea is providing chauffeur services. In fact, people in Canada are more inclined towards using public transport rather than taking out their own car to work. This provides for easy growth. The only stringent norm here is to follow the traffic rules and regulations. For example, Justin Kimball from PreszlerLaw-NS.com says that if you get into a car accident with a driver who got behind the wheel after not getting much sleep, they can be deemed negligent for causing the accident. This is particularly a case where you can risk all your business capital if filed for a negligence claim.
6. Marijuana Dispensary And Regulatory Service
With the legalization of Marijuana in Canada, strict regulatory norms are also set in place. And to confirm the compliance of these products, appropriate testing is mandatory. This is yet another business idea that you can seek against very little investment. With a significant number of producers of cannabis products and a lack of appropriate testing facilities, the growth potential is enormous. In addition to a testing facility, you can establish your own dispensary.
7. EV Charging Stations
The global population is looking forward to sustainable technologies. Looking for ways to use renewable energy, and provide with affordable technology to the users, Electric vehicles seem like a perfect solution. The only drawback is the lack of charging stations for EV users. Setting up an EV charging station can help meet the demand, along with providing you with an opportunity to enter a fresh market with minimal competition. Moreover, if you can incorporate innovative ideas to minimize the charging time required, you’ve already won the race.
8. Internet Distributors In Rural Areas
The Internet has been deemed as a basic need for each and every citizen. The governments are offering grants and subsidies for businesses focussed on providing these services. Buiding infrastructure and providing the internet to the people in rural areas, such as the northern parts of Canada, can be a great idea. Although the returns may not be enough, in the beginning, there are long-term benefits for monetizing the market. Easy finance options and subsidies offered by the Government can still mean that you can begin your business with minimal capital on your own.
9. Private School Programming Franchise
The growing demand for programmers and coders in Canada is due to a weak supply of talent from the school systems. There aren’t many programming schools that provide the students with skills to meet the need for jobs. This creates a demand for appropriate schools that can nurture programmers and coders with appropriate skillset. If you have a passion for education and have the required skill set as a coder or programmer, then this business idea is for you. You can easily set up a franchised school for programming and coding in Canada.
10. Elderly Care And Companionship Service
The healthcare industry is observing an aging baby boomer population. This has led to a decline in caretakers for the elderly, within their blood relations. Moreover, the growing pace of modern life allows for very little attention from the working professionals. For elders, who have trouble even doing their regular errands companions who can help them with their daily routine is all the more important. This is where personal errand services and elderly care homes can excel.
The growing need for employment and changing lifestyles of the populace, calls for innovative business ideas. Regardless of what business idea you adopt, the only thing that matters is delivering value to your customers.
