Here are five more of what I consider to be the best business opportunities of 2009:
6) Cleaning businesses
Remember what I said about necessity. Good times or bad, things get dirty and need to be cleaned providing a good business opportunity for those willing and able to do the cleaning. Residential cleaning services may drop a bit depending on employment rates but the demand for commercial cleaning will continue to be steady as institutions and businesses just need to get it done.
7) Discount/surplus stores
Throughout 2009 consumers will be looking for bargains, making discount and surplus stores a natural business opportunity. Obviously I'm not the only one who thinks so as discount stores are springing up all over. The best way to get in on this business opportunity is by buying into a franchise. Buck or Two and the Great Canadian Dollar Store are just two discount store franchises you may want to investigate.
8) Sports equipment
Selling sports equipment will continue to be a good business opportunity. Sports devotees will continue to do what they love to do as long as they can and will continue to be willing to pay for the equipment they need to do it. So skis, boards, skates and mountain bikes will all continue to sell. There will, however, be increased interest in used sports equipment, an interesting business idea in itself.
9) Senior care
On the list last year, this makes the list of best business opportunities again this year because of ever-growing demand. Business opportunities in senior care range from opening your own senior care home through providing in-home care or home services such as preparing meals, housekeeping or running errands. Senior care franchises are another option for getting in on this business opportunity.
10) Chocolate
The lure of chocolate is irresistible at the best of times and in uncertain times, people will eat even more of it. And that's a lot of chocolate. In 2005, Canadians consumed 3.90 kgs per person, while Americans polished off even more – 5.58 kgs per person. While the market is dominated by the big manufacturers such as Hershey and Mars, there is still room for small businesses to specialize in producing premium gourmet chocolates. Of course, you'll need to find an experienced chocolatier to turn this business opportunity into a viable business - or become one yourself.
Why Are These the Best Business Opportunities?
Because these are business opportunities that have legs. Taking into account the economy, consumer and business trends, these are businesses that should be profitable not just for 2009, but for years to come.
But not every business opportunity is right for everyone. You always need to do your homework; writing a business plan is a good (and safe) way to find out if the small business opportunity you're considering is worth investing your time and money in.
