Best New Business Ideas for 2016
Here’s a list of Best New Business Ideas for 2016 to inspire your entrepreneurial spirit in 2016.
We included this on our list of business ideas for foodies, and for good reason: A December 2012 study by Intuit and Emergent Research predicted that revenue from the food truck industry will reach $2.7 billion by 2017.
A truck is a much less expensive investment than a brick-and-mortar restaurant, and according to Mobi Munch founder Josh Tang, the failure rate for food trucks is just 10 to 20 percent (as opposed to 60 to 90 percent for restaurants). With the right equipment and some great recipes, you can have your mobile eatery up and running in no time.
Companies are increasingly turning to freelance and contract workers to fill the skill gaps in their staff. It’s not hard to imagine that you could build a whole company around providing freelance services of one sort or another.
According to Freelancer.com, which lists more than a million freelance projects on its site, the most in-demand freelance services are data entry, academic writing, Excel projects, data processing, Web search and Facebook-based jobs. Some freelance gigs pay by the project and others pay hourly, and the rates can vary greatly. But as you gain more experience, your earning potential will soar.
Kids are your future customers, so gaining their loyalty now isn’t a bad idea.
JWT Intelligence also cited the connectivity of kids as a big trend for 2015. According to Common Sense Media, three-quarters of kids have access to a mobile device. This spells a big business opportunity for anyone who can create products or design apps just for kids. And, if they also happen to be educational or promote good health, you’ll win their parents over, too.
You can start small by designing a few kid-friendly apps and see where your business goes from there.
Mobile tech is now a must-have for almost any business, but finding ways to go mobile is a challenge for many business owners. If you can provide affordable mobile solutions to businesses that need them, you’ll find mobile consulting a rich business opportunity.
According to Jamie Turner, founder of The 60-Second Marketer, there will be an ongoing need for mobile assistance.
“Research from The 60-Second Marketer indicates that there are more people on the planet who own a mobile device than who own a toothbrush,” said Turner, who co-authored the book “Go Mobile” (Wiley, January 2012) with Jeanne Hopkins. “So it’s safe to say that your prospects are using mobile. If you’re in business, it’s your job to be where your prospects are. Your prospects are in mobile right now.”
If you’re proficient in a highly specialized software, you can get paid to pass your knowledge on to amateurs and professionals looking to expand their skill sets.
Technical manuals are available for programs like QuickBooks and Final Cut Pro, but these are often expensive and difficult for the average user to get through. Schedule small group workshops or private sessions, and charge by the hour for a full tutorial of the program. The best part about this gig is that it can be done part time.
Apps, mobile-friendly websites and e-commerce have become must-haves for every business. Often, however, they don’t work properly. One reason is that businesses don’t always test their applications or software carefully enough, meaning testing services are now in hot demand.
For example, one company, SOASTA, offers cloud testing services for clients. And there’s room in this market for growth — a service that specializes in niche testing, for instance, would have an edge over broader testing services.