The pandemic has caused many businesses to lose income and eventually shut down, which caused a considerable increase in unemployment. The travel and the tourism industry and other companies are suffering the most. As a response, many people either started working remotely or their businesses.
Of course, staying at home doesn’t mean you don’t need to work as everyone needs to cope with the crisis. Fortunately, there are still many businesses that could stay afloat and thrive during the Covid-19 pandemic.
Even as vaccinations are happening and society is slowly easing into normalcy, the future is still unpredictable. As per the news, there are new strains of the virus that experts discover all the time. These new strains could cause another wave of outbreaks and lockdowns. There is also the climate and the economic crisis. So, even if starting a business now could be pretty risky, it could still help guarantee your future will be stable enough. But which businesses would be a good idea to start now?
Table of Contents
Booming Businesses During The New Normal
Yes, there are still many businesses you can consider investing in. These businesses have lesser risk and could still potentially allow you to have a steady flow of income despite the economic crisis.
Some of these businesses would require you to hire employees to help you deal with the demands from consumers more efficiently. More importantly, you can still practice social distancing despite working with other people; you just have to worry about providing the payments for your gig workers and the technicalities of the business. Here are some businesses that could still thrive during this crisis:
Mobile businesses started booming in 2020 to meet the consumer’s needs in a private setting with lesser risks of infection. This trend means that businesses like salons for both humans and pets would have their grooming in the clients’ houses, hotels, apartments, and other venues.
Being on-call might be a bit tiring, but it could also mean that your business is in demand. Going mobile if you already have a physical salon could mean that you wouldn’t need to pay rent for a business space. You can consider investing in a van, or you and your employees could also use your own transportation. It’s a new business system that works, but don’t forget to mask up and practice safety.
Virtual Teaching Company
Even if in-person learning has resumed, online teaching is still in demand. It is still a more convenient and safer option as the pandemic is still not yet controlled, and herd immunity is still far from being achieved. Because of this seemingly never-ending problem, many students would still prefer to study online.
There are many websites and apps you can apply to and start your teaching career. But why would you do that when you can be your own boss? You can consider starting your virtual teaching agency and take it from there.
Home Renovation and Landscaping Company
You’re probably aware of the increased demand for the home renovation and landscaping industry because of the pandemic. You might be one of them, and you might have neighbors who were constantly doing home projects and gardening. The good news is that this trend isn’t going to go away soon as 71% of the home renovation survey respondents said they would likely continue renovating their houses.
That’s where you could come in. Homeowners love DIY projects, but they can’t do everything on their own. They need some help in doing some extra work. So, you could consider getting into the business by selling home improvement and gardening products and services. With the current trend, it’s going to be a financially rewarding business.
Delivery services for food and other products have soared and will only continue to do so. By 2023, the industry is even expected to reach more than 104 billion. As it is a growing and in-demand industry, working for Uber and other delivery companies would already give you a decent income. But if you have the means, you can also start your own company and hire your employees. If you’re tech-savvy enough, creating an app for your delivery service would even elevate your business to the likes of Uber.
The New Normal Business
It’s evident that the pandemic has redefined most aspects of the world, but you can use the situation to your advantage if you think creatively. It’s a tough time, but you can turn the tides around until you can adapt to the new normal way of doing business.