2022 is set to be an innovative year for businesses worldwide. The coronavirus pandemic – whilst persistent – will likely loosen its grip on face-to-face and brick-and-mortar businesses.
This combined with the rise of remote work, eCommerce, and the relentless progress of digital industries is likely to create an eclectic business landscape with plenty of new opportunities.
2021 has already seen the formation of an additional 1.5 million businesses in the US, according to McKinsey – more than double that in 2019.
As such, more and more people are brainstorming ideas to form their own small businesses and startups for 2022 and beyond.
Here are some in-trend business startup ideas for 2022.
Eco-friendly businesses and sustainable products are registering year-on-year growth in demand. Small businesses are well placed to build trust and rapport around environmental issues and are in an ideal position to offer eco-friendly products to this burgeoning market.
Some eco-friendly small business ideas include:
Co-working and flex spaces serve all components of the flex workforce and gig economy, helping facilitate in-person networking between remote workers whilst providing them with the infrastructure they need to grow their businesses.
Flex Working Space
Commercial property investors have flex spaces in their sites already but there’s plenty of room for smaller investors to jump on the bandwagon. Renovating old office space is one option, or it may be possible to convert cafes or other small retail units into co-working spaces.
The baby and child product industry registered 6.5% growth in 2020 and this looks set to continue as people buy more products for children. There are many successful baby and child clothing sellers on eCommerce platforms like Etsy where people use print-on-demand services to personalize products and drop-ship them out to buyers.
Growth in Baby Products
Some baby product niches that are attracting particular attention right now are:
The health and beauty industries have come under huge scrutiny for their contribution to global plastic waste. This has spurred on a new wave of small businesses that have taken environmentally-friendly health and beauty into their own hands.
Plastic handles and components are being replaced by recycled, metal, or natural materials like wood. Single-use plastics (which are now banned in some countries) are also being phased out in favor of reusable materials.
Plastic-Free Commerce
Some potential plastic-free business ideas include:
Tutoring is an excellent side-hustle for anyone with knowledge to share, which could be just about anything from B2B topics like marketing and sales pitching to academic and educational tutoring for any age level.
There are numerous tutor platforms, or you can go private and advertise through local classifieds, online, or by word-of-mouth.
There are various qualifications that you may or may not need to tutor depending on where you are in the world, for example, tutors need at least a High School Diploma to teach students in the US.
This is by no means an exhaustive list of startup business ideas for 2022, but scoping out ideas in an in-trend industry is always a good place to start.
Understanding the demand for your services is crucial – if the customers are out there then you only need to go and find them.
My mother in law loves to sew.
A few years ago she asked me how to set up an online store.
She wanted to sell fancy throw pillows she was making.
I gave her very basic steps. Enough to get started (I don't know much about ecom).
A few weeks later she showed me her site. It
Whatever your 2024 goals, hopes, and dreams are.
I hope you make it.
Everyone wants “yes.”
But they don’t wanna pay the price.
100 Nos is the price of one yes.
You can get as many as yeses as you damn well please as long as you’re willing to pay the price.
I was sad to learn that Charlie Munger died today at age 99.
What a life.
He would likely roll his eyes and argue that none of us should be too surprised, based on the actuarial tables, but we’ve lost one of the 20th century’s greatest investors and businessmen.
Chris and I
