5 Great Small Business Ideas to Start in 2022
Point At Issue
Small business often drives a country’s economic growth and development. Despite the glamor and wealth of the top companies, it is the small businesses that constitute the backbone of the U.S. economy. Nearly 27 million small businesses generate about 50 percent of its GDP.
Small business also offers limitless opportunities for creative and innovative startups. Some people like to think about it as a launchpad that can catapult them to larger business projects. Whether you are a student or a retired teacher, there’s always something you can take a stab at if you have enough energy in the tank.
Check out our 5 great small business ideas and see if you can try any of those to get the ball rolling.
● Freelance writing
Freelance writing is an emerging trend, which has been gaining popularity owing to the immense range of resources and opportunities available online. If you enjoy writing and if your language skills pass muster, you should definitely go for it.
Depending on your interests and expertise, pick the subjects you know well. Essay writing, content writing, copywriting, and copyediting – this is only a handful of all the options at your disposal.
If you want to see some of the best samples written by the top professional writers, check out Writing Universe to see lots of good samples sorted by different categories. They will give you lots of clues about what it takes to write high-quality papers that meet the highest professional and academic standards.
This is a great option for both native and non-native English speakers. Demand for translation from and into English has traditionally been high, and it’s unlikely to taper off any time soon. Native English speakers, who are also bilingual, are always in great demand, and they are also paid better.
If you are not a native English speaker, but your command of English is outstanding, you also fit the bill. You might earn less, but you can attract more customers. With English remaining the world’s lingua franca, you are up for a regular and consistent flow of orders.
Treat this as a learning experience too. Translation will prompt you to improve your language skills, expand your stock of words, and tackle some of the most ‘untranslatable’ words and concepts.
● Interior design
Some people have a natural talent for design in general. I have some friends who have decorated their rooms and houses on their own. Against all the odds, the decor was astonishing, and it saved them a buck or two. If you are one of those lucky ones with some in-born aesthetic skills, why not put your talents to a small business?
If you have never been involved in a business activity, don’t let the lack of experience put you off. Get some professional help to write plan for business and base your calculations on sound projections of income and expenses.
Start building your portfolio as an interior designer. Use plenty of pictures to showcase your talents. Research the market to see where the gaps and needs are. See if you can carve out a niche for yourself, something that others fail to notice.
As a novice, you’ll need to prove yourself. Use word-of-mouth marketing to spread the word. Reinforce your marketing efforts with the help of professional marketing specialists as your business starts to grow.
● Cooking and catering
If you enjoy cooking and if you are very good at it, go for it! In general, cooking is one of the lowest-investment business ideas you can think of. First, see what dishes you are particularly good at. What are the ones that make your friends or family members drool?
Start on a small scale to assess demand. Put out some feelers to see what people like and enjoy most. Never disregard customer feedback. Link up with a reliable delivery service. Remember that late deliveries dilute your cooking efforts.
● Blogging and vlogging
Test your skills in blogging and vlogging. This can be a great way of mixing things that are both fun and profitable. Don’t raise the bar for yourself too high right from the start. Shoot for incremental progress by taking one thing at a time.
Keep mastering your writing, communication, and presentation skills. Be fun! Pay attention to reviews and feedback. Never turn a blind eye to your bloopers and errors that readers and viewers pick up. Note it, correct it, and do it better next time.
Life is all about striking the right balance. We all seek the right balance between the different roles we play in our lives. Not only will your engagement in a successful small business activity help you get it right, but it will also turn into an additional source of stable income.
There is no need to waste much time on something that is too expensive or labor-intensive. Choose a business sector that works best for you, one that your schedule, skills, and interests are commensurate with. The resulting financial independence and increased self-confidence will be your rewards to reap.
As a successful entrepreneur, Joanne Elliot has decided to start sharing experiences and lessons learned with young startuppers who are just entering the business world. She has thousands of followers, many of whom have already managed to get off to a good start. Keep following Joanne to find out the pros and cons of the business sectors you are planning to engage in.