Fact: Small business confidence is up in the United States and across the world. There has never been a better time to start a small business. If you’re considering starting one yourself, here are a few small business ideas that you might like.

best small business ideas

 

 

 

 

 

Drone rentals

Drones are a big business in the United States, Canada, Australia and Europe. Drones can be of different types – recreational drones, drones for business, delivery, surveillance, research, agriculture and more. Drones are also used in film-making and marketing and advertising – especially real estate marketing.

Ever since the Federal Aviation Administration simplified the regulations for flying drones or UAVs, drone rentals have really taken off and are one of our top business ideas for 2018. A lot of businesses prefer to hire drones on a short-term basis rather than buy them.

Also in demand are drone pilots. So if you’re a drone pilot and have a drone rental business, you’re going to make a lot of money in 2018.

Smartphone repair

Remember how PC repair was a major small business idea in the late 1990s and 2000s?  Well, things have changed since then. Smartphones have replaced the humble PC as a technology of choice for consumers. Already the smartphone penetration in the United States and other countries is higher than 80%.

That’s why smartphone repair shops have proliferated across the country. The market has already got crowded, but there is always room for someone who is actually good with smartphones and provides great customer service.

If you’re good at working with electronics and can fix any phone out there, perhaps this is the calling you’ve been waiting for.

Eldercare

There are more than 75 million Americans who are over 60 years of age. People are living longer than they had been at any point of time, because of much improved medical facilities and easy access to quality healthcare.

However, as people get older it becomes more and more difficult for them to take care of themselves. They need help. That’s why eldercare and assisted living facilities have been growing at a rapid click in the United States.

Providing eldercare is not just a profitable business idea, but a noble one. You can get started with a low investment by hiring a small staff of helpers that assist older people in their time of need with things such as driving, cooking, cleaning, pet care, gardening, taking them out shopping, or to beauty salons, etc.

Food truck

The food truck business is one of the fastest growing industries in America, estimated to be worth $1.2 billion. Starting a food truck business is certainly much easier than starting a restaurant. For one, it is much cheaper to run, has fewer regulatory hurdles and is more flexible.

The failure rate for food trucks is only between 10 to 20 percent, while that for restaurants is 60 to 90 percent. This is certainly a “safe” small business idea and one that has already become very popular.

The admin of GoToMy Money is a young and dedicated writer having interest on finance and accounting. He is studious and read books, journals and reports on accounting. His write-ups on accounting are full of resources and valuable information.

3 COMMENTS

  1. The Business world is always welcome, the new startup and idea in any field of business. Every thing is small at beginning, then day by day it will improve.

  2. I just wanted to keep on reading! Thank you for sharing and I’ve undoubtedly learned many tips.

  3. Fantastic piece! I am going to certainly apply some off the ideas myself, you are excellent.

    When is your next blog available?

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