If you’re an entrepreneur, you’re likely on the lookout for new and innovative business ideas. Lots of people want to own their own businesses and make their own hours, but not everyone is great at coming up with novel ideas for small businesses. If you’re one of those potential entrepreneurs struggling with direction, here are three ideas that could offer a springboard into your new business venture.
Virtual Reality Experiences & Accessories
It’s an exciting time to be part of the tech industry, and one of the most rapidly growing tech sectors is virtual reality. Virtual reality gaming is a booming business, but you don’t have to be super tech-savvy to get into the industry. If you aren’t, you can go the route of designing and creating accessories for VR such as personally customizable headsets. If programming is your thing, then this industry is perfect. You could get in on the action by designing new virtual reality experiences and games.
You can create subscription boxes for just about any niche or hobby out there. Find a niche to call your own and capitalize on it. With a subscription box business, you curate items that relate to your intended niche, people subscribe to receive the boxes, and you mail a box out to them each month. For customers, they’re a fun little surprise to receive in the mail. Subscribers often videotape themselves “unboxing” the items and share the video with friends – free advertising. Plus this business venture could be a simple part-time gig, or it could become a full-time job depending on your preference.
Ethical Business Consulting
This particular business idea has a growing market. Millennials are concerned with ethical business practices, whether it is regarding ethical product sourcing, environmental awareness, or social responsibility. There are plenty of new entrepreneurs and some that are just coming around to the consideration of ethical business practices that could use a consultant to help them. This business idea allows you to focus on your own particular area of interest. You could work in the field of fair hiring practices, ensuring fair trade and ethical product acquisition, or making the world a “greener” place.
These are just a few of the newest business ideas out there. Keep asking yourself what problems you need solutions to in your own life, and you’re bound to discover an idea for a business of your own.