As we grow closer to the new year, entrepreneurs are scrambling to jump on “the next big thing.” But in 2020, the next big thing isn’t one single thing at all. There are a variety of new business ideas set to explode in the next decade. With the right materials, resources, and business sense, you can start a new business with a faster return on investment than ever before.
Starting a Blood Bank
Blood donations generally spike in the times around crisis, but organizations like the Red Cross frequently release statements urging donors to consider the times when the crisis isn’t so obvious. Statistics show that over 44,000 pints of blood need to be donated every day to keep up with the demand. Pop up donation trucks during natural disasters are not enough to keep up with the need for life-saving blood. Businesses that are open year-round are a better solution to the blood donation crisis, and there’s more demand now than ever before. Blood banks generate a revenue of $11 billion in the US every year, but new bank growth has been stalled in the last five years. Operators in the industry are continually grappling with the increasing demand. You’ll see an excellent opportunity to fulfill that demand in 2020.
Prefabricated steel buildings are naturally the number one choice in the healthcare industry. The case is no different for blood banks. Healthcare managers are frequently looking for ways to mitigate costs and pass those savings on to patients. Prefab metal is a great choice to shorten your construction timeline by weeks, if not months, and open your doors faster, helping to fulfill the need for blood donations in your area.
The Rise in Esthetician’s Clinics
Licensed estheticians, or skincare specialists, are projected to see an 11% job growth by 2028, above the national average for all growing occupations. Up until recently, most estheticians operated out of other facilities, like plastic surgeon’s offices, which can lower awareness for your services and increase costs to your clients. Standalone esthetician’s offices are going to see significant growth in 2020, especially considering the economic climate. As more middle-class families are thriving, the dollars spent on “luxury services” like skincare are going to increase drastically. With the right marketing and customer service, what once was seen as a frivolous treat could soon become an essential part of someone’s monthly skincare routine.
Once more, it’s another sector that can primarily benefit from the basic structure and overall flexibility of a prefabricated metal building. Just like the healthcare industry, esthetician’s offices are partial to the longer, skinnier prefab steel structures that allow for long halls of clinical offices.
Getting Into Vertical Farming in 2020
Vertical farming is one of the few solutions to the global food crisis that is working to create long term produce solutions. By creating a controlled farming environment indoors that uses cubic footage more efficiently than ever, farmers can provide freshly grown produce from practically anywhere in the world. And from the consumer standpoint, local families can bring home locally sourced produce that was harvested just days or even hours before it was purchased, rather than being frozen and imported from out of the country.
Opening a sustainable business in 2020 is going to come with major perks, from lowered costs to increased tax breaks. But most importantly, this wildly profitable business idea shows some major love for the environment. By reducing the distribution chains, vertical farms can help lower emissions, practically eliminate dangerous runoff, and reduce water usage when compared to standard farming practices. Here’s how it works: prefabricated steel buildings create a climate-controlled environment where fresh produce can be grown in vertically stacked beds using artificial light. Vertical farming has the opportunity to eliminate the use of pesticides by creating a tight seal from the outdoors. This idea is so innovative and groundbreaking that the USDA and the Department of Energy held a stakeholder workshop to discuss the enormous impact vertical farming could have on our food future. Expect major growth in 2020, and hop on the bandwagon if you’re ready to make the world a better place.
Starting an Electric Car Charging Station
Let’s stay on the sustainability track for just another minute. Even though electric cars weren’t invented yesterday, they’re just beginning to build enough steam to warrant a demand for more public charging stations. There are currently more than 1 million electric cars on American roads today, and with innovations from companies like Tesla, they’re rapidly growing in popularity and accessibility. Electric vehicle charging stations can be a great standalone business or even a creative way to add more income to your existing business.
Prefabricated steel buildings are a popular choice for commercial real estate because of their long term flexibility. It can be incredibly simple to add to existing buildings when you have a new business idea like this. For electric car charging stations, most drivers prefer to find a covered area to park and charge on a road trip or while they run errands. Creating a lean-to on your existing building is a cost-effective way to provide the base level of service to electric car owners at the lowest possible cost to you. If you’re looking to go the extra mile, electric car charging stations with attached convenience stores can be a great way to provide additional service and more revenue generation. While charging their cars, drivers can relax indoors, grab a cup of coffee, or have a bite to eat.
A piece of advice from the pros: think of car charging stations like luxurious gas stations. Electric car owners are bound to spend more time at these convenience stops. The level of service and general aesthetics should match the amount of time spent there, and the luxury of the cars themselves. Do your demographic research to see what types of electric cars people are driving in your area, and the level of service they would come to expect.
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