Ready to Get Started?
If you are interested in starting a small business in 2016, there are plenty of options that you can explore to help you achieve success. The most popular businesses are found within the service sector. If you want to take on the role of an entrepreneur and enjoy the experience of being your own boss, here are five business ventures that are worth starting in 2016.
Healthy Food Products
Canadians are putting their health first, particularly when it comes to creating meals that are ideal for weight loss and diet management. Four out of every ten dollars are spent on accessories or devices for improving health. Creating a business that sells specialized health products such as gluten free desserts will cater to a growing niche market.
Exercise and Fitness Businesses
When searching for a business, start with a low entry cost. The exercise and fitness industry is ideal. Taking up yoga and pilates or other related activities can earn you a good living, as the market is full of people looking to improve their overall wellbeing. Furthermore, you do not even need a premises, you can go directly to your customers to reduce your overhead costs.
Catering to the Elderly
The elderly require a significant amount of assistance and companionship, and they are willing to pay for it. There is an increasing aging population in Canada, where people live for an average of 83 years. This is a pool of customers you can easily tap into. The range of jobs that you can do include personal shopping, cleaning, chauffer services and nursing.
This is the type of businesses where you use your current skills to figure out ways to offer yourself in services. It all comes down to convenience for potential customers who are willing to pay others to help them maintain their fast paced lifestyles. Personal planners, personal shoppers and even life coaches have the ability to tap into the growing demand.
Social Media Consultant
Businesses, both large and small are realizing the important role that social media can play. Having the skills to elevate businesses’ social media and online presence is a good starting point for creating your own business. You can offer consulting services, as well as provide online marketing and website design. You can also take advantage of the growing demand to provide content for websites and social media platforms.
If you are uncovering what the best businesses in Canada to start in 2016, there’s plenty of opportunities. Profitable businesses are commonly easy to set-up, often requiring only one person, affordable to maintain and can be expanded when necessary. Expansion is also low in cost as what is often needed is someone of similar skill to join your team. Take control of your life and your income in 2016, and explore one of these business ideas.
Do you think 2016 is a good year for you to start a business?