5 Best Businesses to Start before December 2020

The best businesses to start are those that are either low-cost, high-profit, low-competition, or trending. You also may want to look for a business that performs well after COVID-19 restrictions.

Here are 5 of the best businesses to start before December 2020:

1. Home Healthcare

A home healthcare business is when a caregiver or licensed health professional provides services in a patient’s home. Before coronavirus, market research firms predicted 7.8 million job openings by 2026 in the home healthcare industry—largely due to the rapid increase in baby boomers needing care. Because of the expected growth, it’s one of the least risky industries for starting a business.

Due to COVID-19, home healthcare workers are even more in demand to assist elderly who are sheltering-in-place. Additionally, many elderly are reluctant to enter nursing homes because of high coronavirus infection rates.

Home healthcare professionals provide medical assistance including meal prep, transportation, dressing, and housekeeping. Medical-based assistance (which requires a license) provides healthcare services similar to that in a nursing home setting or a hospital.

Overall, home healthcare is an appealing business because it’s relatively low-skilled and requires minimal training. You can grow the business with low-risk by building up your client base to the point where you can’t take on any more patients. Then, hire additional healthcare aids to continue patient growth.

2. Commercial Cleaning

We have seen anecdotal evidence that commercial cleaning businesses are in demand during COVID-19 and one of the best businesses to start in 2020. And it makes sense. Companies want to make their customers safe by deep-cleaning their building interiors frequently.

One of the best ways to start a cleaning business is to buy into a franchise—they are traditionally low cost. With a franchise such as Vanguard Cleaning you’ll receive training, marketing, a proven business model, and support. You can get started with a cleaning franchise like Vanguard for under $40,000.

A cleaning business is also something you can start on the side or weekends. Once your client base builds up, and you cannot handle any more clients, consider hiring your first employees. It’s a low-cost and low-risk business to scale.

3. Local Meal Kit and Food Delivery

Meal kit delivery is one of the fastest-growing industries from 2019 to 2020, with a revenue increase of 22.8%. The restaurant industry has been hit hard by COVID-19. As a result, you can expect the meal kit industry to grow as people choose to eat in more.

Instead of trying to take on national meal kit giants such as Hello Fresh and Blue Apron, consider creating a local-based meal kit delivery. People like supporting local farms. A unique selling point is ensuring meat and vegetables are all grown locally.

One of the beneficial aspects of a meal kit business is that revenue is recurring. Let’s quickly look at the numbers. If you get 300 customers and charge them $120 per month (for 12 meals), that’s $36,000 in revenue per month. With only 300 customers, you’re already over $400,000 in revenue a year.

As an alternative to meal kits (or in addition to), you could deliver local food to residents. Food delivery demand has increased as more people avoid grocery stores an

4. Custom Face Masks

The demand for face masks has skyrocketed. In April 2020, Esty sold hundreds of thousands of face masks through 10,000 different online stores. Incredible. As more cities, states, and businesses require patrons to wear a mask before entering the store, demand for face masks will continue to grow.

We can also expect that people will want unique masks to match their personalities. Browse Esty face mask, and you’ll see several different fabrics, patterns, and fits.

Keep looking at that Etsy page because this is where the opportunity lies. Notice how poor the marketing is for masks. Lots of low quality photos without someone modeling the mask. A business with well-designed masks and exceptional marketing could quickly carve out a market on Etsy.

Unless we experience additional viruses, the demand for custom face masks could eventually end. When you notice demand waning, consider transitioning from selling face masks to another fabric-based business such as home decor (drapery, pillow, tablecloths), apparel (scarves and clothing), or simply raw fabrics.

5. Ecommerce Website Design

Ecommerce sales in the US are expected to grow steadily over the next several years. Combine that expected growth with how coronavirus has altered buying habits of millions of Americans and ecommerce sales will only accelerate.

The pandemic is forcing many businesses to adopt ecommerce to keep their business afloat. Even non-food retailers are making curbside pickup available for customers that may not feel comfortable entering the store. Overall, curbside pickup appears to be a success.

Most small biz owners don’t have the online tech skills to create an ecommerce-based website. They will need to hire someone to set this up for them. That’s where you come in. Fortunately, advancements in software and websites have made it easier and more affordable to set up online purchases for small businesses.

For your first few ecommerce website customers, you may want to charge a discounted rate. Once you have a portfolio of websites, charge a minimum of $5,000 to design an ecommerce-based website for a small business. For a small biz with hundreds of products, charge a minimum of $10,000.