The pandemic resulted in the layoff of around 15 percent of adults across the country. While some of them got employed a few months after their lay-off, others remain unemployed until the end of 2020. Even after the economy started to recover, some people opted not to look for a job.
These people took note of opportunities that emerged during the pandemic. Instead of looking for a job, they started a business. The US Census Bureau noted an increase in the number of startups during the health crisis.
And as the economy continues to recover, entrepreneurs can look into starting a new business once the pandemic ends. Here are some business ideas that they can consider.
The pandemic highlighted the importance of cleanliness, which means that a cleaning service is still significant in a post-pandemic world. An entrepreneur can set up a cleaning service for commercial offices and buildings. With many companies starting to ask their employees to work on-site, the demand for a cleaning service will increase.
While companies can opt to clean their offices themselves, they may not have the equipment and knowledge to ensure they can disinfect the workplace properly. With this, entrepreneurs who have the resources, equipment, and knowledge can fill this demand in the market, which will likely continue in the coming years.
Personal Health Service
Entrepreneurs who have the knowledge and experience in the healthcare industry can start a personal health service business. With a good number of people approaching the ages of 60 and 70, the demand for the service will increase. The pandemic also made it necessary for someone to provide the necessary services to older adults across the country, particularly those who opt to stay at home rather than stay in an assisted living facility.
People who have healthcare experience but are not business-savvy can consider looking into opportunities on home healthcare franchises. These franchises have the system ready, and all a person needs to do is follow the processes in the system and implement them in their business.
Online Accounting Service
The increase in the number of businesses during the pandemic also increased the demand for accounting services. Aside from ensuring a business pays taxes properly, an accounting service also allows a business to keep its finances in order. It also allows a business to create plans based on its sales and cash flow projections.
An accounting service also allows a business to look for untapped resources within its system. It also allows the business to reduce costs to allow it to stay afloat. Additionally, the service can help businesses avoid laying off their employees even if they are struggling to survive by improving the efficiency of business processes.
Home Improvement Service
Even as home prices have increased compared to a year ago, sales remain high as people aim to buy homes that make it easier for them to work remotely. With this, an entrepreneur can start a home improvement business.
The business can focus on helping homeowners enhance their workspaces at home to make them conducive for productivity. Aside from the workspaces, homeowners can also improve the spaces for their children to attend online classes.
The business can also help homeowners enhance their homes to make them look better. They can even help homeowners increase the resale value of their houses if they plan to sell the house in the future.
Delivery services saw an increase in demand during the pandemic, especially food delivery businesses. While the shelter-in-place directives may have caused this surge, the demand for these services will continue even after the pandemic.
Aside from delivery services, an entrepreneur can consider starting an errand service to run errands for clients. It can pick up medications or deliver small packages for its clients. Their main market is people who cannot perform these small tasks due to health or other concerns.
Online Tutoring Service
Even though many schools plan to start offering in-person classes, many parents will likely prefer online tutoring services for their children after the pandemic ends. After their exposure to an online learning environment during the pandemic, the children are keen on attending these classes. Parents will also prefer this arrangement rather than driving their children to a tutoring center and picking them up after their tutoring session.
With this, entrepreneurs with a background in education can take advantage of this situation and start an online tutoring service. The service can help students with different subjects and focus on a specific age group depending on the skill level of the tutor.
Starting a business after the pandemic is challenging. But entrepreneurs who recognize the opportunities available to them can set up a profitable business in a post-pandemic world.