8 Best Small Businesses to Invest In

Are you looking to start a business? Wondering how to choose a small business you can invest in and unsure where to start?

Take a look at our guide on the eight best small businesses to invest in this year:

How to Choose a Small Business to Invest In

Here are some of the basic considerations to take into account when making your decision. Consider:

• your expertise and experience
• how much money and time you want to spend on the business
• whether you need funding to afford the purchase
• what your ultimate goals are

1. Tutoring or Teaching

A simple way to start a business is to consider what you are good at. You can turn your skills and knowledge into a course, online lessons, or one-on-one tutoring.

Don’t let the fact that you don’t have a specific degree put you off. All you need is to demonstrate you know what you’re doing. You can do a knitting course, for example, or offer cake decorating lessons on one of the many online course platforms.

2. Cleaning Business

You can also start a general or niche cleaning business with very little investment. All you need is the will to get down to business and start spreading the word, as well as your own cleaning supplies and materials.

You can specialize in cleaning the homes of pet owners, cleaning offices, or cleaning up after parties or events.

3. Personal Assistant

If you are an organized person who gets on well with others and is not easily rattled, you can consider opening a task-running business or offering personal assistant services. This can involve anything from running errands for others to taking care of tasks for them remotely, like booking flights or sending emails.

4. Digital Marketing

There are many areas of digital marketing you can choose to break into. You can become a copywriter or a designer; you can do SEO or write online ads, just to name a few.

Consider what your talents are and where they might be utilized best. Note that there will be some training and education involved, so be ready to go back to school, so to speak.

Create a website for your services, and make sure to design and promote it well. You can use it as a resume for landing your first jobs.

5. Delivery Services

Offering delivery services is another good small business idea. Ideally, you will have your own car, van, or bike, depending on the size of the items you want to deliver.

You can also specialize in delivering small, everyday items from stores or delivering personal items between family members and friends. Note that the competition in this area is steep. You will need to be punctual and reliable and do something to differentiate yourself from others.

6. Resale or Personal Shopper

If you are passionate about something, like clothes, games, or books, you can consider starting a business that buys and sells these items. You can even expand into a personal shopping business that helps people find something very specific or hunt down a hard-to-find item.

You will need to come up with a commission system and build relationships with your clients with care.

7. Pet Care

If you love animals and get on with them well, you can also start a pet care business. This can involve anything from pet sitting at a client’s home or opening up your home as a pet hotel to dog walking and grooming.

This can work very well if you have a pet yourself and can prove to your clients that you know what you’re doing and that animals trust you.

8. Event Planning

If you are good at hosting and organizing, you can also start an event planning business. You can choose to specialize in a specific kind of event, like weddings or pet birthdays, or you can become a general event planner who is happy to take on all kinds of occasions.

You will need to build contacts with vendors and caterers, and you’ll also need to be good at managing expectations and all kinds of personalities.

Wrapping Up

Hopefully, our list of the eight best small businesses to invest in will help you make up your mind and come to a prudent decision. Think it through carefully, and make sure to take into account the considerations we outlined. Good luck!