Best Idea To Start A Small Business – Do you want to start a business in 2022? At Simply Business, we’ve dug into our customer data to uncover the latest trends in small and self-employed businesses.
What are the most popular small business ideas and how has Covid-19 affected business behavior? Read on for inspiration and ideas.
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Best Small Business Ideas From Home To Inspire You To Thrive
Despite the tough times, 68 percent of small businesses are confident about the year ahead, according to a Starling Bank survey.
So if you’re looking to start a small business this year, what are the trends you should be aware of?
We analyzed all new business insurance policies written in 2020 and 2021 to find the fastest growing small business sectors.
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As we approach two years since the start of the Covid-19 pandemic, a new group of entrepreneurs has emerged from two turbulent years.
Many of the most popular and creative small business ideas have been shaped by the pandemic, from selling online or turning a hobby into a business, to outdoor activities or feeding large numbers of pets.
The number of small business owners grew the fastest in 2021, increasing by 237 percent compared to 2020.
With the rise of side hustles since the start of the pandemic, more people have turned their hobbies into full-time businesses.
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Whether you’re making candles or making your own clothes, the demand for professional businesses is growing.
With ongoing Covid-19 restrictions and people feeling less comfortable in crowded indoor spaces, outdoor businesses are booming in 2020.
If you’re thinking of setting up a business abroad, read our guide to setting up a market stall in the UK.
The ease of selling through platforms such as Etsy and eBay means that new sellers can quickly get their businesses up and running. As a result, we saw a 62 percent increase in new online sellers between 2020 and 2021.
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Read our guide to starting an online store to get an idea, and if you’re not sure what to sell, get inspired by our article on how to find the right product to sell online.
Our data shows that the number of sole proprietors and sole proprietorships offering services to clients increased last year.
Between 2020 and 2021, the number of freelance photographers increased by 56 percent, making it the fourth fastest growing small business trend.
And 2022 could be a breakout year for wedding photographers – according to Truly Experiences, weddings are expected to grow by 205 percent between July 2021 and June 2022.
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If you’re thinking of becoming a freelance photographer, our article covers 10 essential steps, including registering with HMRC and marketing your photography business.
This has led to an increase in demand for DIY and DIY, with our data showing a 44% year-on-year increase in this type of business.
According to our data, the number of new restaurant businesses increased by 39 percent between 2020 and 2021.
In recent years, food safety awareness has increased thanks to new initiatives such as Natasha’s Law.
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Additionally, there is a growing demand for sustainable packaging – so this is something that all restaurants need to be aware of. We have some great tips from food sharing company Olio to make your business more sustainable.
With flexible working proving to be here for the long haul, it’s no surprise that home-based businesses were among the hottest new areas in 2021.
Running a business from home can be cheaper and more convenient than renting premises, but there are rules you need to follow, such as registering with HMRC and checking whether you have to pay business rates.
If you’re thinking of starting a teaching or learning business this year, you may be on the right track as new businesses in the sector have increased by 21 percent year-on-year.
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With people spending more time at home due to the pandemic and the popularity of TV shows such as The Great British Bake Off, there is a huge growth in the home baking sector.
The number of home baking businesses increased by 24 percent between 2020 and 2021, after increasing by 157 percent between 2019 and 2020.
Read our guide for the most important steps to follow to start a cake and bakery business.
We’ve long been a nation of dog lovers, and since the pandemic began, 3.2 million of us have bought pets, according to the Pet Food Manufacturers Association.
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This means that the demand for dog walkers is higher than ever, so it’s no wonder that new dog walking businesses are up 22 percent year over year.
Our research shows that between 2020 and 2021, the number of self-employed accountants increased by 21 percent, making it the 10th fastest growing small business idea.
According to UKtalent.com, the average salary for a freelance accountant in the UK is £52,650 per year or £27 per hour.
We also looked at the top 10 fastest growing small business ideas in the UK.
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The biggest increase in new policies issued for the 10 most popular trades between 2020 and 2021 was seen in the South West of England (70 per cent).
The areas with the top 10 small business ideas written for the most recently written business insurance policies in 2021 were:
For more general data on business confidence and optimism, read our SME Insights report to understand the challenges businesses face.
Alan Thomas, UK managing director of Simply Business, said: “Thankfully, small business owners have shown resilience, innovation and creativity through all stages of the pandemic.
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“As the tide of challenges continues – from staff shortages to supply chain issues – it is hugely encouraging to see UK businesses leading the way in our recovery.
“Simply, our economy and society need small businesses to bounce back, so it’s encouraging to see a new wave of entrepreneurs jumping at the chance to start.”
This article contains useful small business ideas designed to inspire you. If you want to pursue an idea, make sure you treat it like a business, do the right research and planning – writing a business plan is a good place to start.
Once you have decided what type of business you want to start, it needs a name. If you’re looking for small business name ideas, why not use our free business name generator?
The 300 Best Small Business Ideas By Bob Adams
With Simply Business, you can create a one-of-a-kind policy that collects products that are relevant to you. Whether it’s liability insurance, professional indemnity or anything else you need, we prepare a quick online quote and let you decide if we’re right for you.
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© Copyright 2022 Simply Business. All rights reserved. Simply Business is a trading name of Xbridge Limited, authorized and regulated by the Financial Conduct Authority (Financial Services Registration Number: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG. Looking for a great business idea? Read on for ideas to help you start and grow a successful business in 2022.
If you’re thinking of starting a business in 2022, you should think about whether your idea fits into the way people live their lives and approach their work. If you can identify an unmet need and a target market, then you might just have a business idea with legs. But how do you come up with a good idea? This list of business ideas includes 23 types of great businesses that will help you achieve success in 2022 and beyond.
This list of 23 great business ideas will get you started on your entrepreneurial journey. Note that many of the ideas below only require you to have a credit card processing partner to get started, so you can keep your startup costs relatively low.
If you have knowledge and passion for a specific subject (such as business, social media, marketing, human resources, management or communications), consulting can be a profitable opportunity. You can start your own consulting business, then grow your business and hire more consultants over time.
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If you are interested in clothing and/or sales, you may consider starting an online store. Although it takes time, commitment and fashion sense, you can start a business as a side hustle and make it a reality.
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