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The past year or so has seen all sorts of changes make their way into our day to day lives. What we considered “life as normal” has been put on hold, as the coronavirus and Covid-19 pandemic has spread across the world, leaving chaos and havoc in its wake.
Governments around the world have had to implement all sorts of changes and guidelines to prevent and slow the spread of the virus wherever possible. This has been for the sake of people’s lives, for the sake of people’s health and to minimise the burden placed on healthcare services during particularly difficult peaks in the prevalence of the virus.
Of course, these guidelines have been good on the whole. But it has made business very difficult for many. Countless companies haven’t been able to operate with these new restrictions in place and have collapsed. There has been mass unemployment.
Many businesses have had to make staff redundant. It’s not all too surprising, then, that right now, many people are considering what businesses or career paths could provide some stability.
If you’re considering setting up your own business, here are some areas that you may want to take into consideration.
Medical Facilities or Supplies
Of course, one area that has experienced a huge increase in demand over the past year is the medical industry. People are unwell and need treatment. This requires medical facilities and medical supplies.
Of course, there are countless different areas you could specialise in here, from supplying drug fridge temperature monitoring equipment to the supply of PPE like face masks and sterile gloves.
Now, some ventures will be more difficult and complex than others. Setting up a whole new healthcare facility, for example, is going to cost a lot more and take a lot more time than creating a company that creates face masks for nurses.
Consider your budget, your expertise and demand before diving into any practice. Also make sure that you know the requirements and guidelines to create medical-grade products, as they can (understandably) be very strict.
Unfortunately, another very stable business at any time is the funeral industry. Of course, I’m not saying that you have to set up your own funeral home or funeral directors to make money. Instead, you could simply create a business that caters to the funeral industry.
You could become a florist to provide funeral flowers. You could do funeral catering for the wake. You could supply cars for funerals or personalised memorial gifts and cards that are drop shipped directly from suppliers. The list goes on. Being a florist you can provide flowers for all kinds of occasions.
Floristry: A Step-By-Step Guide.
Cake making and decorating is a very profitable business that can be done from home. If you don’t have the skills, there are plenty of courses available online to teach you.
If you’re going to do this, take some time to look up and make sure you’re following the rules and regulations. For instance, you’ll need to register your premises with the local authority before you start trading. You’ll also need public and product liability insurance and think about getting a level 2 food hygiene certificate.
The Cake Decorating Bible: Simple steps to creating beautiful cupcakes, biscuits, birthday cakes and more: The step-by-step guide from ITV’s ‘Beautiful Baking’ expert Juliet Sear.
There will also always be a demand for groceries. Again, we’re not saying that you have to set up an international supermarket chain for success. Instead, a small store supplying essentials could be more manageable and highly successful. A corner shop an online shop, a greengrocer… whatever you fancy!
Of course, these are just a few suggestions. But each could prove extremely successful during times like these. Hopefully, one may appeal to you and get you back on track for profit and success!