The most divers and inventive business sector is small business: there are millions of small businesses which use clever innovation and find new ways of doing business with different technologies and approaches. Want to know which small businesses have the greatest potential in 2016? Keep reading.
Social Media Consulting
The great rise of social media in the last few years made them an important place for advertising; virtually all companies, no matter how big or small, have their own Facebook pages and Twitter accounts. This also paved the way for social media consulting; the ability to effectively use new marketing venues is something that few business owners possess, and there are professionals who specialize in search engine optimization, who understand how social networks function and help their clients increase the revenue at quite a modest cost – social media consulting firms earn an average of $300 per hour for their services.
LED innovators and manufactures
LED bulbs are about five terms more efficient than the average incandescent bulbs; they use about 20 percent of the energy incandescent bulbs use, and provide the same amount of lighting. Providing both directed and undirected lighting, they last significantly longer than usual bulb: the average bulbs have a lifespan of about 2000 hours, while LEDs can last from 20.000 to 100.000 hours. Many companies are turning to LED lightning when it comes to illumination of their buildings and offices, and LED innovators and manufacturers are enjoying unprecedented success, as the LED industry shows no signs of wailing.
The number of small businesses is generally growing, and most of these don’t need or can’t afford to hire a full-time accountant of their own, which is why accountancy is a sought-after service. Small accountancy firms appeared as a response; people with some background in finance and a little money started offering accounting services to companies and individuals who don’t have their own full-time accountants. This kind of small scale accounting has the potential of quick growth; startup expenses are generally paid in a matter of months and after that they provide a steady income.
Less and less people have time for thorough home organization, living in untidy apartments filled with junk. As the report from IBISWorld shows, the solution where small, local home organization companies which clean people’s homes. Usually marketed only on a local level, they help with cleaning and tidying up, charging an hourly rate or a flat fee, depending on the scope and the amount of work for each project. And since they’re not charging much, people have been increasingly employing their services.
Kitchen equipment retailers
Small businesses which retail kitchen equipment and appliances are experiencing a renaissance of their own. According to Aqua Sanita's experts, kitchen appliances became more affordable over years and, now these businesses offer a wide variety of kitchens (both custom made and variously themed models), as well as a range of kitchen equipment such as cabinets, tables, and worktops. Although they haven’t experienced a boom similar to social media consulting or accounting small business, the field is growing each year and the number of kitchen retailers startups to fail is surprisingly small.
In order to be successful, small business must to adapt quick and evolve fast; the businesses covered in this article made it because they respond to the needs of modern companies and individuals, with a strong emphasis on flexibility and hands-on approach.