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7 Profitable Small Business Ideas for 2013

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7 Profitable Small Business Ideas for 2013

Small Business Ideas for 2013

If you are looking for trends in business then this blog isn’t for you. Trends come and go. This is the straight goods on viable business ideas. This is for people who are looking for ways to make additional income or replace their employment income. One way to do so is to start up a small business. It could be that you are looking for a “home-based” business or maybe you are planning for the traditional brick and mortar “storefront”. Whatever the case, here are several business ideas that could work well in 2013. We have selected them because they are current, relevant and easy to start.

Now this isn’t to say that IF you start one of these businesses that you are guaranteed success. You still have to develop your concept – what makes you different – and you have to DELIVER the goods day in and day out as well as operate your business efficiently. Managing your business properly is as important as choosing the right one to open in the first place.

Detail Landscaping

If someone’s home is his castle then it follows that some home-owners want their castle to be better than their neighbour’s  This is all in the details. Just as home décor stores have flourished over the past decade as people accessorize their homes, now they can do the same to their yards. Stamped concrete pathways, decorative curbing, stone accents, decks, gazebos, custom sheds, the list goes on. What was once a simple back or front or side yard now can be a place with character.

A study by Deloitte and Touche in 2009 stated the the growing Canadian landscape industry was responsible for 110,750 jobs, mostly in the small business sector. This spells big business and we have personally seen an increase in interest in landscape business start ups.

Depending on how you look at your SWOT analysis, there is a one thing that can be rather attractive in this industry. Canadian winters create a fresh slate to work with each spring which results in year over year business.

Elder Care

More and more seniors are choosing the option of staying in their homes as they age rather than moving into retirement homes. This is because of 4 things.

  1. The lack of rooms available.
  2. The cost.
  3. The desire to remain self-sufficient – with help.
  4. The fear of elder abuse

And it is the “with help” that gives the entrepreneur the opportunity to build a business. The children of ageing parents want the best for their parents; but without the day to day responsibility.

Property Management of Family Homes

Just as there have always been management companies to look after apartment buildings or office buildings, there are more and more home owners looking for someone to look after their homes. Why? People are so much more transient these days. Retirees take numerous holidays. They leave for extended periods of time to visit cottages or winter residences in warm environs. They need people during short and long periods of time to tend to their residences. Their kids are sometimes too busy.

Home-owners may not want to impose on friends or neighbours  Some need their properties tended for insurance purposes as insurance companies require that there be someone “on site” regularly. Others just want their residence to be in tip top shape or turn key ready for when they return. This makes their transition back into their home seamless. Grass cutting, snow shovelling, mail pick-up, dog sitting et AL all taken care of.

Wheelchair Repair

Earlier this year, I read a similar article that discussed the opportunity for wheelchair repair as a viable business. As the saying goes, don’t try to reinvent the wheel. In this case, you can surely fix it.

With more than 3.3 million Americans using wheelchairs, and an estimated 1% of the Canadian population, the opportunity for business is evident. Much like any other form of transportation, wheelchairs require maintenance and repair. Think for a second about your local wheelchair repair shop? Does anything come to mind? Probably not. I am not saying these business don’t exists because they certainly do. What we are showing is that they are not as common as the number would have you think. With the right marketing, carving out a name in the wheelchair repair industry could lend to a very successful, long term business.

Pet Care & Services (grooming, sitting, care)

Even amidst the tail end of a recession, no pun intended, North Americans continue to spend more and more on family pets. Spending in 2011 was greater than $50 billion, up 5% from 2010. Of course, within this umbrella figure sits food and vet expenses, which account for 65% of the spending, but the fastest growing segment within pet expenses was services. These included sitters, walkers, groomers, spas et all. Not to mention the pet toy market.

Business opportunity has surely knocked as many families now buy Christmas or birthday presents for cats and dogs and take their beloved pets to daycares, spas, groomers and walkers to name a few.

Junk Hauling

Scrappers and junk haulers are an old breed with growing demand. With consumer goods and purchasing in developed countries growing each year, so does the junk that we consume. Everyone has stuff that they can throw out but the time involved with doing so can be cumbersome. If you don’t have a truck or SUV, you may have to make several trips to the dump or Salvation Army.

Ever hear the story of an entrepreneur in British Columbia who quit University early to focus full time on his junk removal business? A business that has since expanded to over 200 locations in North America and abroad. What was their name again? That’s right; 1-800-GOT-JUNK.

A quick Google search of “junk removal” sends back over 11 million results with the top pages being dominated by service providers. The junk removal industry is a growing one and I don’t think it will be slowing down any time soon.

Internet Retailing

This is a very broad scope so you have to take it with a grain of salt. A lot of Gen X and Gen Y peoples have turned to the internet for their small business endeavours. Many operate solely in the digital world with no physical store-front  Whether you are selling widgets or a specific service that you are particularly good at, the internet world can be your oyster.

The number of worldwide internet users is growing every year. Estimates of worldwide users ranged from 2.5 million to 3.5 million in 2012. This is up substantially from previous years and this statistic is expected to grow. Many may argue that with the many websites in existence that is it difficult to get noticed but with the blow up in social media and emergence of SEO as an industry, becoming visible on the net can be accomplished.

Internet store-fronts can be a great way to supplement income as many e-businesses can be run outside of your primary job. If it ever becomes demanding enough to take you away from that job then you know you are doing something right.

Image by Sean MacEntee

Written by Paul Morgan

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(1) Reader Comment

  1. Leon
    July 3, 2013 at 3:36 pm

    Thank you for the info!

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