T
he 2020 pandemic came with its fair share of setbacks, and we are still feeling its effects in 2021. As the coronavirus hit, the world literally came to a halt, and consequently, the global economy slowed down. Many companies could no longer maximize profit and started to run at a loss. This ultimately led to a considerable percentage of staff being laid off and so went the hike in unemployment rate. Whew! Like it wasn’t already bad enough.
In order to bridge the unemployment gap, we need to start thinking outside the box to come up with business ideas that will not only set us on the path of financial stability but also create jobs that will engage our youths productively. While entrepreneurship is the solution, it’s advised to get the necessary training in your proposed industry and run a feasibility study before venturing into the startup world.
What do I need to become an entrepreneur?
Of course, you already know that entrepreneurship isn’t always a bed of roses. There will be days when you want to throw in the towel and damn the consequences. However, don’t because everyone who has gone ahead of you has had to deal with the hurdles as well.
“Instead of freaking out about these constraints, embrace them. Let them guide you. Constraints drive innovation and force focus. Instead of trying to remove them, use them to your advantage.”—37 Signals.
An entrepreneur needs to be passionate about their goals, tenacious, and refuse to take no for an answer. This is the fuel successful entrepreneurs run on.
These 5 business ideas will take you from unemployed to boss level…
#1. Agriculture
There’s no end to the line of customers in need of agricultural products. Let’s face it, whether it’s poultry or fruits and vegetables, we all need to eat. If you think oil and gas are the most lucrative, you’re yet to understand the impact of this essential industry. You could start a small-scale farm or retail grocery (foodstuff). Remember, food is life.
#2. App Developer
In this digital age, tech is king. We’re either installing new apps or using one. Apps make our lives easier and connect us to our desired destination faster than we could do for ourselves. An app developer in these times is undoubtedly indispensable as brands and businesses alike are seeking these experts to push themselves to new heights. Instead of waiting for a job offer to fall into your lap, why not start gathering knowledge as an app developer to bridge the unemployment gap?
#3. Drop shipping
E-commerce business has tripled in relevance since 2020, and drop shipping is a smart way to key into this market. This business requires little to nothing in capital. All you need to do is set up an online store, partner with suppliers who have products, and ship to your customers based on orders.
#4. Fitness trainer/nutritionist
The fit-fam trend is still bubbling as everyone wants to stay and look healthy, trim and snatched. This doesn’t end in wishful thinking because individuals are actually putting in the work from young to old. It’s a good thing as this sector has a lot of untapped opportunities. Take online fitness and nutrition courses, hit the gym, and start training others both physically and virtually. We all want to post a picture and get the “what waist!” comments, so workout and healthy eating is now considered a worthy price to pay. Embrace this as your light bulb moment and jump on this entrepreneurial idea.
#5. Consultancy
This is an intellectual era where individuals are hungry for knowledge. You might be skilled in a particular area but lack the opportunity to utilize it due to unemployment. This is a perfect way to bridge the unemployment gap by offering consulting services in your area of expertise that solves problems and offers solutions.
“Be so good they can’t ignore you.”—Steve Martin.
Featured image: PICHA Stock | Pexels
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