When the pandemic ends, most people think about where they will travel, who they will visit, and what restaurants they will eat at the start. Those with an entrepreneurial spirit, however, do what they always do in good times and in bad times: sniffing out the hidden opportunity.
As summer approaches and the virus is finally heading to rear-view mirror status, opportunities are everywhere – if you know where to look.
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No one can predict the future, but experts with instinct and experience can make very educated guesses about which business models are most likely to thrive in the post-COVID-19 world. GOBankingRates spoke to a few pros from a variety of backgrounds who have done just that. The following is an overview of three industries and niches that are on the rise to enter the post-pandemic era. If you are considering starting your own business, these options could be a good place to start.
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Outdoor event planning
Eventually, the inner gatherings will return, though maybe never quite and maybe never quite the way you remember them before. After the 2020 ordeal, however, you can bet that a lot of people will prefer a fresh air alternative when given the chance.
This reality positions a post-COVID-19 business plan as an obvious opportunity waiting for someone to take advantage of it.
Journalist, entrepreneur and author Christina kumar, who co-wrote “1 Habit to Thrive in a Post-Covid World,” said: “As everyone has been temporarily cut off from in-person events, outdoor events will most likely be the new venue for social gatherings for awhile. ”
The business market could be bigger than the consumer market
Everything from art galleries to stand-up comedy clubs is already exploring outdoor alternatives, but the trend is hardly confined to entertainment – or even the consumer market in general. Companies are supposed to reinvent things like the traditional office party, the training seminar, and the continuing education course. After COVID-19, this re-imagining will likely include the blue sky above.
After all, it makes good business sense.
“If businesses can meet their customers in an outdoor location, it can be a great way to keep their businesses going,” Kumar said.
There is no doubt that parents across the country are thankful that their children are finally back to school or are looking forward to the day they will soon be. But for many others, online learning has given them greater flexibility and more control over their children’s learning than the 20th century school model. For them, there is no turning back, at least not to the end.
“A promising business model for the post-COVID world is e-learning,” said Ann Martin, director of operations at CreditDonkey. “We have all seen the soaring demand for remote services. Online learning offers an accessible learning option that is rapidly developing into a viable alternative to more traditional forms of education and training.
According to EducationWeek (EW), Martin’s assessment is fair. A RAND Corporation survey of 300 districts found that 20% of schools expect online offerings to be expanded and even expanded in the months and years after the pandemic. Another EW report hypothesized that much of this expansion would be based on the hybrid model that emerged in 2020, with the physical school serving as the hub for an extensive online learning community.
Here, too, the corporate market could be the real gold mine
Small businesses that deal with e-learning technology, staffing, training, implementation, IT, manuals and hardware, software, tutoring, coaching, counseling, advice, etc., are all set to benefit in 2021 and beyond. As with the concept of outdoor event planning, e-learning also offers a whole different market to tap into in the corporate world.
“While popular at the individual level, corporate online learning is where I see the most interesting developments,” said Martin. “In the post-COVID world, workplaces are trying to adapt to new customer expectations, new business standards and an ever-changing market. Online learning gives companies access to specialized training to put their employees on the right track. I think we’ll see a lot of these companies popping up over the next year or so.
When the latest closure restriction is finally lifted, it’s hard to imagine that there will be many people in the country who will ever be as laid back as they were in 2019 with germs in the physical structures where they are. live, work and play.
This leaves an obvious opening, but very large.
“There will always be a local need in your community for cleaning services,” said Matt Lally, founder of The GiftYak and former Silicon Valley account manager at digital marketing agency Wpromote. “COVID has obviously raised concerns about the cleanliness of businesses and the safety of offices. In a post-pandemic world, we’ll see many of these companies take flight and attempt to control the larger metropolitan markets. “
Market research firm ReportLinker lends credibility to Lally’s position. Its data shows that the cleaning industry in terms of revenue will grow by a combined annual growth rate of 6% over five years by 2026. Small businesses that manufacture or sell cleaning products or materials , form teams or companies, offer consulting services, provide certifications or certification preparation, and, of course, those who do physical cleansing all have room for opportunities.
The report indicates a particularly high demand for automated and robotic cleaning services, green cleaning services and specialized cleaning services, which means that companies that break the traditional janitorial mold are the most likely to emerge.
“A modern area cleaning business that is marketed as a high-flying startup has the potential to be very lucrative,” said Lally.
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Last updated: June 3, 2021