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According to research by Iwoca, around 80 new businesses are started every hour in the UK. One in ten UK workers want to start their own business this year and almost half of UK workers want to start a business in their lifetime.
This shows that working people in the UK are trying to make a difference despite the ongoing impact of the pandemic: in fact, two thirds of would-be entrepreneurs say that the COVID-19 crisis has only boosted their plans to start a business.
The pandemic has created new ways of thinking and organising business, such as remote meetings and online conferences. It has also given millions of people a moment to reflect on how they would like to live their lives and manage their work.
So in this list we’ve compiled the ten most popular new businesses in the UK, according to Iwoca.
1.Cleaning business
People will always need to clean their homes and clear things up. And it can be a good way to earn money in your spare time. If you have flexible working hours or want to spend your weekends earning extra money. Generally, people want their homes cleaned while they work, so being available during working hours is the most effective way to get a lot of clients.
2. Clothing business
Vintage clothing is very popular at the moment. More and more people are buying them, so it’s easier than ever to make money selling retro clothes. It’s official: second-hand clothes are in!
Cash in on this sudden vintage fashion craze by checking what’s stuck to the bottom of your wardrobe, heading to your local charity shop and searching for pearls wherever you go. Then all you need to do is find the right buyer to make a decent profit!
3. Dog walking
Walking dogs is a great way to earn money and get fit at the same time. Dog walkers are in high demand, especially in urban areas, and the work is well paid. More people than ever bought a puppy on their first house sitting, but now they have to go back to work and don’t have time to go for long walks with their new puppy.
4. Fast food business
Visit any holiday or festive market, or simply stroll through one of your city’s most pedestrian-friendly streets or parks, and you’re bound to come across a quirky and colourful collection of trolleys, with ice creams, kebabs and other snacks.
This growing trend offers great opportunities for business
5. Jewellery business
Are there some antiques or jewellery in your house that you think might be worth something, but you’re not sure? You may have inherited them, or simply found them in the attic, gathering dust for years.
If you have antique (and that includes from 1980 onwards) jewellery or antique ornaments in your house and have always wondered what it might be worth, it might be time to find out and replenish your wallet.
6. Investments in real estate
You may have heard of an investment portfolio, but what is it? Do you need to know a lot about the stock market to get it?
Your investment portfolio is a fancy word for everything you have invested your money in. This can mean the stock market, but it can also include other things such as property, peer-to-peer lending and your pension. Find out what’s in your investment portfolio and you might discover something you’ve long forgotten.
7. Catering business
Private home events and small weddings are back on our agenda – and that means you could make money with a private catering business!
Food is a big part of our celebrations, big and small, and private dinner parties are sure to be a frequent feature this season. People will host dinners in their homes – and you will be their chef! Give them the opportunity to host their own house parties without worrying about catering.
8. Business consultancy
Becoming a consultant offers many benefits, such as setting your own hours and place of work, which jobs you choose to accept and at what rates. Bines counselling requires minimal start-up costs and can be tailored to your lifestyle and financial situation.
The sectors that tend to hire the most consultants are business management, finance, technology, human resources and marketing. Consultancy is a good way to look for a job by understanding how companies or professionals could benefit from your knowledge and skills.
Ideally, as a consultant you will have proven experience and success in your field. Finding the right path to potential customers is important, so you’ll also need to know your company’s strongest selling points and how your experience here differs from your competitors.
It is also worth noting that counselling requires additional skills, which are worth additional training. For example, it can be useful to learn how to speak in public, and you may need to know how to work in a team and how to manage and troubleshoot problems.
9. Candle making business
In recent years, more and more people have been looking for a work-from-home business solution, and selling candles can be an additional source of income or even a full-time business.
Whether you plan to make candles at home or set up a workshop and commercial premises, YouTube has many useful video tutorials.
The process can be learned quite quickly, but things like temperature and ingredients are important, as well as creating samples and collecting feedback from a small group of customers who will be your target audience. During the development phase, you will need to do a lot of research to help you develop the best recipe for you and to be able to offer the best product to your customers. It is also important to study the different laws on candle making.
10. Wax melting business
Wax melting is a popular alternative to candle making: candles without a burner, heated with a special heater or tea light to extract the aroma.
They can be made by heating a saucepan of water, placing the wax in a heatproof container over the saucepan and stirring with a spoon. Then add perfume or essential oils, pour the melted wax into ice cube trays and leave to harden.
