The start of the New Year is a great time to start up a new business - you’re refreshed, ready to hit the ground running, and eager to start something new. But which business is the right one for you? You first want to take stock of where you are in life, think about what types of skills you can bring to a new company, and then start to sketch out a roadmap of how to make your dream a reality. That’s especially important if you’re starting out on a limited budget.
As Inc. magazine suggests, one way to come up with the perfect company to start in 2017 is to create a brief inventory of all the trends impacting a certain demographic group – such as the millennials – and then adapt a business concept around them. That will help to guide you in mapping out an overall strategy and, better yet, immediately have a great demographic market to target on Day 1.
So with that in mind, here’s a list of 25 amazing companies you can start in 2017, organized around 5 key trends.
Companies are hiring remote workers, embracing massively open online classes, and looking for new ways to train remote staff. There’s obviously tremendous need for coaching and training, especially when it’s delivered online. With one of these companies, you can deliver exactly what’s needed:
- Small business coach
- Online course developer
- Business or sales trainer
- Mentoring and test prep company
- Website development company
Millennials are looking for tools to build and use tech products. If you’re an early mover in a certain product category, you can build a business around it. Think of all the innovations in the tech space today – drones, virtual reality, 3D printing – and think of ways to build a business around them.
- Drone videography
- App development company
- 3D printing studio
- Virtual reality content creator
- E-commerce storefront operator
Millennials are looking for ways to build their personal brand online. So if you have a background in digital marketing, any of these could work.
- Social media consultant
- Self-publishing consultant
- Photobooth business
- Digital marketing agency
- Image or fashion consultant
Millennials are embracing “green” products and services and looking for ways to make their homes more energy-efficient. In many cases, you can make a traditional business – like food - wildly more successful by marketing it as a “green” or “organic” business.
- Green energy consultant
- Organic clothing business
- Organic bakery selling cakes and cupcakes
- Artisanal soaps, oils or candle business
- Vintage furniture business
Millennials are embracing the gig economy. This opens up all kinds of opportunities if you’re willing to take on some of the jobs and tasks that they’d prefer to outsource to others in order to have a better work/life balance.
- Errand running service for busy professionals
- Etsy selling business
- Event and party planning business
- Childcare business
- Personal shopper business
The great news is that most of these 25 businesses you can launch for less than $5,000, and some of them for less than $1,000. All it takes is a great idea, some sweat equity and a real passion, and these ideas can transform into wildly successful small businesses.