The 2020 pandemic came with its fair share of setbacks, and we are still feeling its effects in 2021. As the coronavirus hit, the world literally came to a halt, and consequently, the global economy slowed down. Many companies could no longer maximize profit and started to run at a loss. This ultimately led to a considerable percentage of staff being laid off and so went the hike in unemployment rate. Whew! Like it wasn’t already bad enough.
In order to bridge the unemployment gap, we need to start thinking outside the box to come up with business ideas that will not only set us on the path of financial stability, but also create jobs that will engage our youths productively. While entrepreneurship is the solution, it’s advised to get the necessary training in your proposed industry and run a feasibility study before venturing into the startup world.
What Do I Need To Become An Entrepreneur?
Of course, you already know that entrepreneurship isn’t always a bed of roses. There will be days when you want to throw in the towel and damn the consequences. However, don’t because everyone who has gone ahead of you has had to deal with the hurdles as well. An entrepreneur needs to be passionate about their goals, tenacious, and refuse to take no for an answer. This is the fuel successful entrepreneurs run on.
These Business Ideas Will Take You From Unemployed To Boss Level
There’s no end to the line of customers in need of agricultural products. Let’s face it, whether it’s poultry or fruits and vegetables, we all need to eat. If you think oil and gas is the most lucrative, you’re yet to understand the impact of this essential industry. You could start a small scale farm or retail grocery (food stuff). Remember, food is life.
In this digital age, tech is king. We’re either installing new apps or using one. Apps make our lives easier, and connect us to our desired destination faster than we could do for ourselves. An app developer in these times is undoubtedly indispensable as brands and business alike are seeking this experts to push themselves to new heights. Instead of waiting for a job offer to fall into your laps, why not start gathering knowledge as an app developer to bridge the unemployment gap.
E-commerce business has tripled in relevance since 2020, and drop shipping is a smart way to key into this market. This business requires little to nothing in capital. All you need to do is set up an online store, partner with suppliers who have products, and they ship to your customers based on order.
The fit fam trend is still bubbling as everyone wants to stay and look healthy, trim and snatched. This doesn’t end in wishful thinking because individuals are actually putting in the work from young to old. It’s a good thing as this sector has a lot of untapped opportunities. Take online fitness and nutrition courses, hit the gym, start training others both physically and virtually. We all want to post a picture and get the “what waist!” comments, so workout and healthy eating is now considered a worthy price to pay. Embrace this as your light bulb moment and jump on this entrepreneurial idea.
This is an intellectual era where individuals are hungry for knowledge. You might be skilled in a particular area but lack the opportunity to utilize it due to unemployment. This is a perfect way to bridge the unemployment gap by offering consulting services in your area of expertise that solve problems and offer solutions.
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