If you are looking for business ideas to start a business in 2017, then here are 24 top, in fact the best new low cost based small business ideas and opportunities you can consider in 2017:
Many experts firmly believe that 2017 will be a favorable years for entrepreneurs. As per them, there are several factors such as ever increasing population, adoption of advanced technologies, smart phones, penetration of internet to remote regions, increasing number of dual income families, millennials, income hikes etc that they claim will foster a favorable climate for entrepreneurs across multiple sectors such as real estate, clothing, furniture, e-commerce etc in 2017.
So, keeping their predictions in mind, here is the list of 24 best small business opportunities that we believe are poised for success in 2017, 2018 and beyond:
1. Real Estate Business
Real estate without any doubt will be a big business in 2017. It will register significant growth as a result of increasing human population, more startups making entries into the business world, established companies looking for expansion etc indicating that the requirement for more homes to live in, office spaces to work from will be massive in 2017.
Moreover, the continuous positive support of delicate inflation and interest rates will also play a significant role in driving people to buy homes and business owners to rent out office spaces in 2017. Therefore, it is pretty clear that starting a real estate business can prove rewarding for aspiring entrepreneurs in 2017.
2. Manpower Business
As experts believe that more startups will step in and established businesses will head towards expansion, it is conspicuous that the need for skillful as well as unskillful human resource will be high in 2017.
Therefore, those who have gained some experience in human resource management can consider starting a human resource consultancy business to help these companies to fulfill their manpower requirements and also help their countries to tackle the stressful unemployment rate.
3. Equipment Supplies Business
Since more large as well small scale manufacturing startups continue to emerge with time, the need for more machinery, equipment and tools will also continue to accompany them. Hence, entrepreneurs who posses sound financial backup may consider starting a machinery, equipment and tools supply business in 2017.
4. Wholesale Business
Be it urban or semi urban regions and also remote villages, the number of retailers continue to grow with time and it is even expected their number will be even higher in 2017, 2018, 2020 and beyond and therefore the high demand for more consumer goods.
Hence, starting a wholesale business to help these emerging high number of retailers is another great business opportunity entrepreneurs may prepare themselves for in 2017.
5. Deliver Logistics Services
The current scenarios of manufacturing as well as e-commerce industries clearly depict that there is a high need for logistics services(whether outbound or inbound) and it is expected that both of these industries will face even higher shortage of logistical services in 2017.
So, keeping these logistical deficits in mind, entrepreneurs may also consider cashing into a logistical service business in 2017.
6. Online Retail Business
Today online business is a big fish. As high speed internet continues to gain ground in more remote areas, smart phones becoming available at cheaper rates, online payments becoming more secured and convenient etc, hence driving more public faith on online shopping.
So, with this increasing shift of online shopping in mind, entrepreneurs can also consider starting an online retail store business in 2017.