Monday, December 10, 2018

Can’t Decide What Business to Start in 2019? No Problem, We’ll Tell You

what business to start in 2019

This article is part of our Business Startup Guidea curated list of our articles that will get you up and running in no time!

Every month, over 1 million people visit Bplans. Most of those people are at the very early stages of starting a business and as such, are looking to see what others have done. Some have already decided and are in the process of writing a business plan.

They’re asking questions: What should a restaurant that needs a business loan include in their business plan? How do you write an executive summary for an online clothing business?

Whether you’re writing a business plan, or simply looking for data to corroborate your research, reviewing sample business plans can give you excellent insight that will help you write your own plan and think through every aspect of starting your business.

So what business should you start this year? What are the most popular industries? What opportunities are opening up in 2019?

We can’t tell you exactly what type of business you personally should start (that would entirely take the fun out of things) but we can tell you which of our sample business plans were most popular in 2018.

Download your free business startup checklist today!

The most popular business plans on Bplans

In 2018, our most popular sample business plans were:

  1. Bakery
  2. Coffee shop
  3. Hair and beauty, salon and spa
  4. Fast food restaurant
  5. Agriculture and farming
  6. Nonprofit youth services
  7. Clothing retail
  8. Construction
  9. Cleaning services
  10. Personal event planning

what business to start in 2019

Food service: Restaurants, bakeries, and coffee shops

Our sample business plans in the restaurant, bakery, and cafe category rank consistently within the top 20 on Bplans. Of course, fast-food franchise businesses are also still booming—globally, fast food generates more than $570 billion.

If you’re thinking about starting a business within the food services industry, we recommend preparing for a healthy if eclectic year ahead. Take a look at this great list of food trends for 2019.

If you’re serious about your research, also be sure to have a look at the “What’s Hot Culinary Forecast” compiled by the National Restaurant Association. I also recommend checking out the Benchmark dining trends for 2019.

Best of Bplans for starting a bakery, restaurant, or coffee shop:

How to start a business in 2019

Salon and spa

The salon and spa industry continues to grow and evolve. Just as a clothing retailer has to know fashion trends, hairstylists and beauty salons have to stay on top of trending hairstyles, looks, and other beauty trends, including new treatments and products.

For 2019, experts predict that CBD-enhanced treatments will land on the scene across the nation. So, make sure you know what services other salons are adding to the beauty menu in the upcoming year.

Best of Bplans for starting a salon or spa:

How to start a business in 2019

Agriculture and farming

Agriculture and farming sample business plans were more popular than ever in 2018.

We suspect that’s in part because of a growing interest in farm-to-table, or locally sourced ingredients. But it may also be related to newer legislation around growing and selling cannabis at marijuana dispensaries and other up and coming sales opportunities across the U.S.

Best of Bplans for starting a farming or agriculture business:

How to start a business in 2019

Nonprofit youth services

Starting a nonprofit as a way to use your skills to address a community is always a popular topic on Bplans. There’s always a need for quality counseling or mentoring services; if you have an interest in sports, you could start a basketball youth league; and if you have an interest in education, you could start an after-school homework-help program.

There’s no shortage of need out there. Take a look at trends in philanthropy for 2019 if you’re thinking about starting a nonprofit. And connect with the National Council of Nonprofits to learn more about wider trends affecting nonprofits heading into 2019.

Best of Bplans for starting a nonprofit:

How to start a business in 2019

Retail and clothing

Clothing retail is another area where we see a lot of interest from readers—both for brick and mortar stores and ecommerce.

One of the most notable retail trends to watch for in 2019 is the rising success of hybrid or multi-channel retail—meaning that retailers with a physical location will be more likely to also have an ecommerce or online sales arm to their business.

For more on this year’s retail trends, check out this podcast from the National Retail Federation.

Best of Bplans for clothing retail and ecommerce:

How to start a business in 2019

Construction

The 2019 outlook for the construction industry looks solid, thanks to increased demand and hopes around larger infrastructure projects this year. Especially as interest grows around green building techniques, and as the industry makes technical advances around modular and prefabricated construction projects.

Read more about the Associated Builders and Contractors’ take on the future of construction here.

Best of Bplans for starting a construction business:

How to start a business in 2019

Cleaning services

Cleaning services are among the easiest and most affordable businesses to start, and the industry is expected to spur 6 percent growth in new jobs by 2020.

Like the construction industry, the trend toward green or eco-friendly solutions is expected to continue into 2019.

Best of Bplans for starting a cleaning service business:

How to start a business in 2019

Event planning

From wedding planning to large galas to big corporate events, more and more businesses and individuals are looking for help with the details.

The event planning industry is expected to grow faster than the average industry—by more than 11 percent by 2026. For more on how the industry is growing and changing, check out these event planning associations.

Best of Bplans for starting an event planning business:

Still looking for the right business idea? Check out our guide to generating hundreds of business ideas, or this list of more than 30 ideas. If you’re not quite there yet, check out our guide to finding a great business idea.



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