7 Fastest Growing Small Businesses

Ever since the COVID-19 pandemic outbreak, many small businesses continue to face plenty of challenges. These challenges include anything from the slow growth of the economy to forcing social distancing.

Small businesses that can’t withstand the pressure have closed down or are struggling to stay in the industry. But things are now getting better than you can imagine.

That’s because tons of business opportunities continue to come up. Besides, many small businesses have devised ways to grow and thrive despite the uncertainties and slow adjustment to the new normal.

Are you looking to be a small entrepreneur? Well, here are the fastest growing small businesses you can start today and earn great returns.

1. Residential Remodeling

The construction industry took a significant blow from the pandemic as most large-scale projects got delayed or canceled. And with many people working from home, the home improvement industry is now experiencing a boom.

Most living rooms are now used as offices and conference rooms. As a result, residential remodeling has become a worthy investment than in the previous years.

Primarily, small businesses in the world of residential remodeling provide interior and exterior renovations for people’s dwellings. This may include reconstructions, repairs, alterations, and additions to make a home comfortable, compelling, and highly functional.

2. House Cleaning Business

House cleaning service is one of the fastest growing businesses, and that may not change anytime soon. Any homeowner can agree that making a house or property clean is quite a tiring and time-consuming task.

For these reasons, many of them find it pretty convenient to hire a professional cleaning company to help with the task at hand. Therefore, starting a house cleaning business can be an excellent opportunity for you. The best thing is that it is easy to start and doesn’t require high overhead costs.

3. Home Healthcare

Even before the pandemic, home healthcare was among the fastest growing small businesses. This trend is more likely to continue. Mobile nurses and other in-home caregivers are now willing to help the aged or disabled patients with immediate living needs and make a living even with little education.

A more significant population in many countries continues to age. Because of this, the medical expenses for long-term care facilities also continue to increase, forcing many families to adopt less expensive options to take care of their elder or sick family members at home in areas like:

• drug administration
• health monitoring
• physical rehabilitation

Moreover, the Covid-19 pandemic too may have a lasting impact on the healthcare industry and also people’s perception of in-home support. And with most health and personal care jobs demanding a high school diploma, there’s no doubt that this small business will be in great demand for many years ahead.

4. Digital Fitness

With many people continuing to work from home, digital fitness is now the best option for staying fit and maintaining a good body shape. Although some gyms are starting to reopen in different states, tons of people nowadays find it hard to cut off the safety and convenience of home digital fitness programs.

The best part is, these fitness programs can be done from home with or without professional workout equipment. So, if you are a dedicated fitness enthusiast with good technological skills, starting a digital fitness business can be a great opportunity.

5. Start Tutoring

Virtual academic tutoring is also another fast-growing business you can start. Most schools remain closed due to the pandemic, affecting the way students learn. Learning pods is now a continuing trend dedicated to distinct student-teacher groups. Besides that, private one-on-one tutoring sessions are growing in demand. Therefore, it’s an excellent career opportunity to start from home.

6. Food Delivery

This is another small business industry that continues to experience increased demand. That’s because many people try to avoid exposure to the outside world.

Over the recent months, tons of food delivery services have grown in popularity, with most of them now venturing into groceries and beverages to accommodate new buying behaviors. So, starting a small food delivery can be a great opportunity.

Be sure to leverage your relationship with people in your locality and compete at a local level by providing affordable, timely delivery and reducing service fees. The thing is, food delivery is a highly competitive and fastest growing business.

7. Home-based Beauty Services

Many beauty enthusiasts find it special to get personal services offered right from their homes. There are no long waiting cues and give them what they want. Because of that, home-based personal care services like hair styling, makeup application, nails, and massages continue to grow in demand.

According to statistics, this industry is expected to grow to 19% by 2029. Therefore, it’s one of the businesses you can start and get the best from them. If you intend to travel to your customers, you may charge a premium rate.