Top Business Opportunities In 2020

2020 is not too far away. In a world that keeps shifting, in terms of both tectonic plates and society, we want to know where to stand and establish our business. Recent technologies and businesses have caused disruptions, such as how Airbnb or VRBO have disrupted hotels’ dominance over certain cities and increased convenience for travelers.

Several industries are growing. A few are more reliable than others, and you can take advantage of new niches to turn a profit and establish your foothold.

1. Healthcare

Healthcare is a gradually growing industry, especially as baby boomers reach retirement age and life expectancy increases all around the world. We want to know how to treat millions of people.

Regardless of what happens with legislation, consumers always need to take care of their health. We offer these alternatives to investing in insurance or biotechnology.

Telecommunications

One of the reasons that people in lower-income and rural areas seek healthcare less often is convenience. Rural areas have fewer hospitals, and many are closed down. Others have suffered funding cuts. Urban areas usually have more clinics.

Doctors offering services via telecommunication is becoming more common. They can do video calls with patients, make diagnoses and write out prescriptions. What’s more, since no one has to rent an office, the costs of operation are much lower, and more people can reach the doctors they need.

Physical Therapy

Physical therapists are always in demand. People are always getting injured. Yet not everyone has the time or energy to go to a clinic and receive the therapy they need. Retirees and baby boomers especially may not have access to reliable transportation.

Consider setting up a business where physical therapists visit patients at their houses. You can connect them and have a flat fee charged to your business. The demand for this will never die, and people will appreciate the convenience. Physical therapists can also gain the experience they need and not worry about saturating the market.

Digital Counseling

We also need to factor in mental health. With traumatic events on the forefronts of people’s minds, many have sought out counseling and therapy.

Start a service provider that connects mentally ill patients with therapists, on a national scale. Several companies have already started this type of policy, and it helps people know that they aren’t alone or have to drive to a clinic. Traditional therapy can cost several hundred dollars an hour; providing people what they need at a lower price and with more convenience can only lead to good things.

2. 3-D Printing

If you own a three-dimensional printer, then you are in luck! While startup costs are small, you can make affordable, replicable products in the long run and sell them for a tidy profit.

You only need a plan, the threads and the target market. Below are some potential areas that you could enter with your new printer. Another alternative is to offer the digital plans to fellow 3-D printer users if you would rather focus on the design work.

Body Parts And Prosthetics

Tying in with healthcare, you can offer prosthetics that patients need for their limbs. You can design and print affordable models for children, adults and everyone in between. 3-D printing allows them to receive these models at lower prices and customize them for better physical therapy.

They also do not have to be limited to simple arms and legs; for example, a U.K. company received requests for an Iron Man arm and a Star Wars-themed limb.

These parts also do not have to serve solely people. We have seen a toucan receive a prosthetic beak that was designed by a 3-D printer. With the size of the pet industry, it’s realistic to imagine that we could help dogs and cats with missing limbs walk again.

There are also experiments to grow organic body parts for health purposes. For example, it’s been proven that you can do biopsies of livers and regrow them in labs, which is perfect for people who suffer from liver failure.

Food

Some advocates for the ethical treatment of animals are interested in seeing lab-grown meat. It would skip the need of raising lambs, for example, to slaughter. French cuisine could have foie gras — fatty goose liver — without having to raise a bad-tempered goose. What’s more, removing the animals could potentially mean reducing the costs. Keep an eye on this potential market.

Read More at https://www.forbes.com/sites/theyec/2019/10/25/top-business-opportunities-in-2020/#680d960d5e99

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