As one of our most popular articles we have updated this for 2017 (and added an extra business idea!).
So you know you want to start up a business, but you don’t know what business? Look no further, we’ve got six of the hottest business ideas for 2017.
What business should I start?
We’ve looked at the UK landscape and our small business data and have come up with some of this year’s best ideas to help you make the switch from employed (or unemployed) to entrepreneur!
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1. Start a home business
If you start an online shop you can run it from the comfort of your home.
Whether you decide to set up an Ebay or Amazon store, or your own e-commerce site, online retail should be considered by anyone looking to start a small business.
Other business ideas from home worth considering can include freelance and contract work. If you’re a writer, a designer or a developer, you may be able to make a good living from the comfort of your home, with remote working increasingly common. Check out our guide to becoming a freelance writer or our guide to becoming a freelance graphic designer to get started.
2. Open a pop-up business
Starting a pop-up business can be a quick, relatively low-cost way of trying out an idea. Pop-up stores, supperclubs and underground restaurants are all in vogue, as entrepreneurs ditch the more conventional stores, bars and restaurants for their shabby-chic, edgy equivalents.
As far as low-cost business opportunities go, it’s hard to beat a supperclub. Run from your home, you don’t need much more than food hygiene checks, some supperclub insurance and a dab hand in the kitchen!
3. Launch a health and fitness business
Simply Business data has shown a huge rise in the number of self-employed dieticians and nutritionists as well as a surge in the number of new gyms.
It seems that increased interest in healthy eating and wellness is behind the rise, with London seeing the biggest increase.
If you’re an expert in nutrition or a fan of working out, you could make the most of this trend. Check out our guide to becoming a personal trainer to get started.
4. Learn a trade
According to a Simply Business poll, 76 per cent of tradespeople think that 2017 will be a good year for trade, so now could be a good time to set out as a self-employed tradesperson.
The ongoing skills shortage is keeping wages high, and construction growth looks set to continue. Whether you’re interested in building, plumbing, or another trade, now could be the time to sharpen up your skills and start your business.
5. Set up a fashion business
Recent Simply Business data has shown that fashion businesses are on the rise, with customers increasingly keen on pop-up boutiques and online sellers rather than traditional high street stores.
If you’re a whizz with a sewing machine or you’ve got a good eye for the best vintage pieces, it might be time to ride the fashion business wave.
6. Start a wedding business
Couples are spending more and more money on getting hitched, which means wedding-related businesses can be pretty lucrative.
Whether your skills lie in flower arranging, preparing food, taking beautiful photographs or something else, angling your business towards weddings could be a smart move. Check out our top five wedding business ideas for more detail.
Do you have a great business idea we’ve missed? Tell us in the comments!