2. Best Business Opportunities for
Starting a Small Business
When you're reading through this list of best businesses to
start, remember my ground rules. These are business
opportunities with few if any barriers to entry. You do not
have to have years of education or millions of dollars to start
any of these businesses. Many exciting business
opportunities exist in fields such as biotechnologies, for
instance, but you won't find them on this list because they are
not "almost-anyone-could-start" businesses.
So here they are (in no particular order); the best small
business opportunities of 2013.
3. List of
Best Business Opportunity In 2013
1) Organic food
2) Bike store
3) Senior transportation services
4) Hot lunch delivery
5) General contracting services for home renovations
6) Patient advocacy
7) Irrigation systems
8) Mobile apps development
9) Pet farewell products and services
10) Scooter sales and repair
4. 1) Organic food
Increasing numbers of people care about the quality of the
food they eat, wanting it to be both healthy and safe. Which is
probably why, as Agriculture and Agri-Food Canada says,
"The global market for organic products, once a small scale
niche market, reached a value of almost $US 59 billion in
2010… Today the organic food market is described by
industry analysts as the most dynamic and rapidly growing
sector of the global food industry."
The market for exporting processed organic foods, rather
than shipping commodities, has recently been expanded by
trade agreements that give Canada enhanced access to U.S.
and EU markets (The Globe and Mail).
5. 2) Bike store
Bicycling is the second most popular outdoor activity in
America by frequency of participation. In 2010,
Americans ages 6 and older went on 2.44 billion
bicycling outings, averaging 58 outings per bicyclist
(Outdoor Recreation Participation Report 2011). And
many North American cities are trying hard to increase
the number of people using bikes to commute to work
rather than cars. Anything that's both popular and
heavily promoted by government is a pretty good
business bet.
6. 3) Senior transportation
services
While there's a growing trend for young people to not bother to get
their driving licenses, the baby boomers are a generation for whom
getting a driver's license was an important rite of passage. Now
many of them are being forced to give up their driving privileges
and rely on being transported by others. And as many of them are
not able to just hop on a bus or take other public transit because of
physical limitations, transporting seniors is a huge business
opportunity that's only going to get bigger over the next few years.
Before you start such a business of your own, be aware that there
are quite a few franchise opportunities in this area such as Driving
Miss Daisy (Canadian). (If opening a franchise interests you, you'll
want to read Should You Buy a Franchise?)
7. 4) Hot lunch delivery
If you've been to India, you're probably familiar with the
custom of hot lunches delivered to working people in
tiffins (metal food containers). Now take that idea and
apply it to the office buildings full of working people in
your city. Think how much people working in offices
would appreciate the convenience of having a hot meal
delivered. And think of the environmental wasteeliminating angle of the tiffin. Vancouver's already got a
non-profit Tiffin Project going, but a for-profit version
may work where you are.
8. 5) General contracting services for
home renovations
The house that I live in was built by one man. Nowadays
it takes a small army of trades people just to renovate
one room – a thought which makes me, and millions
others quail and put off yet again whatever renovation
we were thinking of doing. A person with superior
organizational skills and contacts with trades people
could make a fortune overseeing the renovations of
other people’s bathrooms, kitchens, house extensions
etc. Is that person you?
9. 6) Patient advocacy
The increasing demands on our increasingly
fragmented, dysfunctional health care system create an
increasing need for people who can help individual
patients and their families navigate our medial system.
Helping the families of seniors deal with the different
care options available and get the best care possible is
one possible niche in this market. There are many other
possibilities, though, as you'll see when you look at So
You Want to Be a Patient Advocate? (About.com Patient
Empowerment).
10. 7) Irrigation systems
Selling and installing irrigation systems is a good
business opportunity because of the large group of
potential clients. Residential home owners with their
swathes of green lawn, businesses, golf courses,
greenhouse growers and farmers – they all want or
need irrigation. But the truly great thing about this
business is the potential to make money off the
maintenance of the irrigation systems you sell, such
as shutting down systems in the winter.
11. 8) Mobile apps development
This is admittedly a business idea that was on last
year's Best Business Opportunities list but the
possibilities for making money off developing mobile
applications are nowhere close to being exhausted
as of this writing. Increasing numbers of businesses
will want branded apps and there is still the chance
of making the big score by developing an app for
consumers that becomes wildly popular.
12. 9) Pet farewell products and
services
To many North Americans, pets are not animals; they're
family members. Therefore, when a beloved pet dies, they
want to express their grief in similar ways to the way they
would if a loved person died. That means pet burials and
cremations, accompanied by funeral services and products
ranging from headstones through stained glass portraits.
According to the International Association of Pet Cemeteries
and Crematories, the 700 or so funeral homes, crematories,
and cemeteries for pets in the U.S. brought in $52.87 billion
in 2011 (There's Never Been a Better Time to Be a Dead Pet,
Bloomberg Businessweek). And the market is growing.
13. 10) Scooter sales and
repair
The percentage of Americans who are obese (with a BMI of
30 or higher) has tripled since 1960, while in Canada, in 2009
to 2011, 67% of Canadian men and 54% of Canadian women
aged 18 to 79 were overweight or obese based on results
from the Canadian Health Measures Survey.
My point? It's not just older people who are using scooters to
get around anymore – creating three business opportunities
for entrepreneurs; selling new scooters, selling used scooters
and repairing the hundreds of thousands of scooters that are
already out there.
14. Why Are These the Best
Business Opportunities?
None of these are get rich quick ideas or even the business
ideas that I think will make the most money. But in my
opinion, these are business opportunities that are going to
provide real chances to make money in 2013 and beyond –
businesses that, done right, in the right place and for the right
people may be profitable enterprises for years to come.
Note that there is never any guarantee when you're starting a
business. Any business opportunity you're considering
requires due diligence. Writing a business plan is a good
place to start; it will help you determine if a particular
business opportunity is right for you.