The COVID-19 pandemic presented a flurry of challenges, from finding small business funding, short-term business closures, quarantines, and mask-wearing to sharp declines in storefront traffic and more.
So there is no doubt that many entrepreneurs threw in the towel this year. Despite all of this, the data shows that 2021 will be a great time to go into business for yourself. Let’s take a look at some trends shaping new businesses next year and five of the best entrepreneurial ideas for capitalizing on them.
Small Business Trends for 2021
If you’re considering starting a small business in 2021, there are some trends to consider before making your plan.
First, remote work will continue long after the pandemic is over. If you’re stubbornly holding onto a storefront, you may be able to save on rent in the future. Or, if the storefront will be the center of your business next year, you can shore it up by adding an e-commerce feature as part of your service delivery mechanism. Working in the cloud will be the new normal in the years to come.
Social media will continue to become a primary way to reach customers in all demographic categories. Successful businesses will leverage these tools more on platforms like Instagram, Facebook, LinkedIn, and Twitter.
Freelancing is expanding. Traditional work models are falling by the wayside, as more entrepreneurial-minded workers choose to take their careers into their own hands by making use of the gig economy.
While these are just a few of the trends next year, what are the best business ideas to capitalize on these predictions for the future?
5 Great Business Ideas for 2021
No matter your entrepreneurial ideas, Benetrends can help you with small business funding with our innovative Rainmaker Plan®. This funding solution allows entrepreneurs to use their own retirement funds, tax-deferred and penalty-free, and can be the sole method of funding or as the capital injection for an SBA loan.
Learn more about Benetrends comprehensive suite of funding options. Download “Innovative Funding Strategies for Entrepreneurs”.
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