Thinking of starting a new business this year? Now is a great time to stop putting in long hours for someone else’s dream and turn your passion and know-how into a money making venture for yourself and your family. But what marketable small business skills do you have? Can you start a small business without any starting capital? You may be surprised. Here are 10 perfectly-timed small business ideas to start in Singapore to get your entrepreneur-side motivated to make this the year you start your business.
- Online Tutoring
A lot of kids struggled in 2020 with out-of-classroom education. While many districts and parents were hesitant to hold kids back, given that it wasn’t their fault, we’ll likely see the aftermath over the next several years. That’s especially true for kids who were in critical grades. They need help. And you may be the one who has the skills to do it and make it profitable for yourself at the same time.
But what if you’re not interested in working with children? There are plenty of college students of all ages who find themselves in a similar boat. You may be the answer.
You don’t have to be certified as a teacher in most states. A bachelor’s degree in the area you’ll teach will suffice. But if you’ve completed online masters programs in your area of expertise, you may have a differentiator to earn more money and get more students.
- Online Video Production
So maybe you’d never want to be one of those YouTube influencers. It’s not your style. But that doesn’t mean you couldn’t take advantage of this growing trend. YouTube stars often hire companies to edit and refine their endless stream of content, making this a great small business to start this year.
- Consulting
Do you have a keen eye for what’s holding a business back from meeting its goals? Do you have some industry-specific experience? Or maybe you’ve started and sold several small businesses. You may have skills that others are willing to pay for.
- Website Support
Lots of small businesses use tools like WordPress to build their websites. But they lack the skills to optimize it for user experience and visibility in search engines like Google. So, they end up with a bit of a mess and would-be customers leave. If you’ve got a knack for improving online experiences and have the technical skills to manage a WordPress website, start this business this year.
- Moving Company
Not every great business idea for this year has to revolve around the Internet. You like a more physical line of work.
Around the US, the housing market is on fire! The expanding number of people who can work from home are fleeing expensive urban life to set up in the suburbs or more rural parts of the country. So this is a great time to start a moving company. All you need is one or two trucks and a few heavy lifters. You could even rent a truck to get started on a shoestring budget.
- Manage an Influencer’s Online Presence
Are you a social butterfly? Do you understand how to build an online reputation, increase engagement, network with other influencers to expand to new audiences, and monetize views? Then you may have been born to help aspiring influencers grow their following.
- Landscaping
Opportunities to work from home have people putting more into their physical spaces. Landscaping is huge and this is the perfect time to gain a foothold in the industry. Help your customers create the perfect outdoor space in which to work and play.
- Short Term Rentals
If you already have a rentable space in a desirable area, you may need no startup capital to start a short-term rental business. Provide a clean usable space and make it available on a short-term rental website to begin earning money quickly. As you become profitable, add more properties and develop a short-term rental brand people will seek out to grow your small business empire.
- Personal Trainer
Are you passionate about health and fitness? Do you have an inspiring before and after story and think you could help others do the same? Building a fitness coaching brand may be right up your alley. And to get started, all you need is yourself and some social media know-how.
- Turn Your Hobby into a Business
Maybe you run a small blog on the side. Or you like to buy sports cards on eBay. Whatever it is you do, consider turning that into a small business. Many businesses get their start this way. As a hobby, you have a low-risk way to test the waters since you’re not dependent on that income. But once you see money-making potential there, why not make money doing something you love.
