Best Start-Up Ideas For Budding Entrepreneurs

Best Start-Up Ideas For Budding Entrepreneurs

Written by Pierre Noronha

Born and raised in Mumbai, Pierre Noronha thought that he was destined to be a Chartered Accountant, but all that changed when he discovered his love for writing. Taking this new found passion forward, he started working as a content writer for UniAcco.

Last updated Dec 18, 2020

There was a time when the predominant dogma of students was to get an education and join a multinational company. Those who joined swashbuckling companies with corner offices were considered “successful”, while those who didn’t, well, were considered a “failure”. But today, the world is much different than it was 10-20 years ago. Young adults who’ve just completed their education, or even dropped out, lookout for ways to start something of their own. Their very own start-up. Take, for instance, India. In 2019, there were 1,300 new startups, which made India the third-largest startup ecosystem in the world. A similar upward trend is seen in the global startup landscape. But to build a start-up, you need a vision; You need an idea, and ideas are hard to come by. But fear not, we’re here to shake up your imagination and give you a list of the best start-up ideas to inspire you to take the plunge into entrepreneurship. 

Here are some of the best start-up business ideas – 

Capitalise On The Growing Popularity Of Plant-Based Food

The Plant-Based food market has exploded in recent years. In 2017 alone, the plant-based market was valued at around $3.7 billion and is expected to grow to $74.2 billion by 2027. To be successful in this market, try creating a vegan supermarket or making meat-free versions of traditional foods to kickstart your Plant-Based food enterprise. This is one of the best start-up ideas for aspiring entrepreneurs all over the world. 

Become A Website Consultant 

Due to the internet boom, Internet companies have become widespread. These companies rely on online tools and services to manage their operations. The first step for any internet business, or even a traditional business for that matter, is to set up a website. However, setting up a website is easier said than done. It can take a lot of time to build and maintain,  as website building includes managing hosting services, web content management and understanding SEO. As a website consultant, you will have to manage all these verticals. In addition to these services, you can offer other services like maintenance, design graphics and copywriting services. Becoming a website consultant is one of the best start-up business ideas UK.

Become A Zero-Waste 

The world is in need of a revolution and zero-waste companies are heeding that call. In the last few years, global temperatures have been consistently among the hottest on record. This begs the question, how long do we have on this planet? Having a more sustainable outlook to business will definitely help mitigate the harmful effects of climate change and global warming. By starting a zero-waste company, you can take pride in making ethical and environmentally conscious decisions to save the planet from an accelerated decimation. You can start by selling sustainable products like bamboo toothbrushes, reusable bags, or products with zero-waste packaging that could appeal to a growing number of sustainability-focused consumers.

Start A Pet Food Company 

Pet Foods have become all the rage. Due to the global pandemic, many people have turned to pets as a source of companionship. The numbers don’t lie – the number of new US pet owners during the pandemic has risen by 20%, and hence, there is a greater demand for pet products like pet food, toys, decor and accessories. To cater to this demand, you can make innovative pet products, especially of the organic variety, for its multitude of health benefits and market demand. 

Sell Phone Accessories Or Do Repairs

Most phone owners are constantly looking for ways to spruce up their smartphones. They’re after accessories that will set their devices apart from others. Most people do not realize the staggering potential of the mobile phone accessories market, with many experts predicting it to grow to $107.3 billion by 2022. To thrive in this space, you will need a creative mind to make one-of-a-kind smartphone add-ons. Additionally, you can also provide the same customers with an ad hoc service like phone repairs. 

Become A Pokemon Cards Collector

Best Start-Up Ideas For Budding Entrepreneurs

Though most people consider this a hobby, rather than a business, you can leverage Pokemon cards collection into an actual, sustainable business. Marketing Guru, Gary Vee, has placed great faith in Pokemon card collection and rightly so. The Most Valuable English card, a 1st Edition Charizard in PSA 10 Gem Mint has soared from $50,000 in July 2020 to $225,000 October 2020. It’s true that getting started in this business requires a lot of capital, but if you do manage to raise that, this can be one of the best start-up ideas that will generate massive returns in the future. 

Become A Ghostwriter

Nowadays, busy professionals don’t have the time or skill to write for themselves. Actors, musicians and celebrities need to keep creating content to maintain the visibility of their brand. This is where you can leverage your writing and copywriting skills to become a ghostwriter for them. If you don’t mind not attaching your name to your writing, ghostwriting is a great way to earn money with little to no startup costs attached.

Develop A Chatbot

Artificial Intelligence is the hottest new development in the tech sector and there are many ways to harness this technology into a business. One of the most profitable ways to do that is by creating a chatbot. Chatbots help businesses to improve their communication with their clients. They make for speedy replies that can keep a prospective client engaged for a long time. Chatbots can be fully automated to send specific replies to customers, as and when needed. However, this is one of the best start-up ideas only for someone who is efficient at coding.

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