Starting a business is always a challenging task anywhere in the world, let alone in the UK. This pandemic has left many offline businesses, and their entrepreneurs crippled as they had to shut their operations and sit at home with no income. The situation is gradually stabilizing, and starting a business once everything gets over may not be as daunting as it seems.
There are many business ideas which have the potential of building fortunes for its founders. This blog will introduce readers to some of these start-up ideas for the UK market.
There are direct lenders in the UK present online who offer business instant loans for unemployed with no guarantor. These are unsecured loans for which you neither need any guarantor to represent you nor require any collateral to get these loans, thus no more pledging of assets to get the loan.
Even if you have a poor credit score, you will also be allowed to get these business loans, unlike a commercial bank that will reject your loan application based solely on your credit profile.
There are several opportunities for a start-up to come up in the UK as it is a vibrant economy with a young population and higher purchasing power. Some of the post-COVID start-up business ideas are as follows:
- Cleaning Services:
If there is one thing which this COVID-19 pandemic has taught us, then it is the emphasis one should give on cleanliness and sanitation.
Going forward and even currently with the onset of a new wave of this virus in the UK, the cleaning services business will continue to be in great demand. This applies to both residential spaces and commercial spots like movie theatres, malls, and offices. The best part about this business is that the initial investment is relatively low, and not much technical know-how is needed.
And, the outcome in the form of profit high, making it a lucrative business opportunity.
- Online Services
Online businesses were already in demand even before coronavirus was something unknown to the world. With this pandemic, these online services have become even more critical than ever before. This is because the government has imposed strict lockdown which compelled people to stay indoors.
Even though the classes are being conducted online, grocery shopping is being done online; essential commodities are being purchased online. All this makes online services an excellent opportunity for aspiring entrepreneurs and considering that initial investment is low.
You can choose to be a freelance content writer, graphic designer, code tester, or start online delivery of food and medicine. In a nutshell, the opportunities are limitless here with high tech adoption in the UK.
- Health & Fitness Services
Health and wellness will emerge as the topmost priority for people in the UK, once the pandemic is over. People will become conscious of their fitness now and will continuously try to be stress-free and disease-free.
In such a scenario, you can see a business opportunity be it in hospital or clinic, a pharmacy store, health services provider, doctor’s appointment portal, an online yoga and meditation business etc. will see a lot of traction in the country with an ageing population.
- Construction Retail & Services
People have day to day need for electric or plumbing related material for the maintenance of their houses. It could be fixing repairs and leakages, or repairing electrical equipment installed in your house, laundry service, automobile repairs etc.
Home renovation is something people in the UK give importance to, and as an entrepreneur, you can plan to start a business in this area. An online one-stop hardware shop for all your needs with a technician can be a business idea here.
- Logistics & Delivery
The in-person communication and contact delivery taboo in this pandemic and contactless delivery will become a norm even once the pandemic becomes a history.
People rely on online businesses and ordering from, but a logistics and delivery partner is needed for the last mile delivery of these goods and services. It could be essential commodities delivery, e-commerce delivery or anything.
The initial investment in setting up this business can be managed by taking instant loans.
- Professional Services
Businesses will always need a chartered accountant to file their taxes or optimize them. They will always look for freelance professionals to do their work, which helps a company save operational costs since they won’t have to hire a person to do this job especially.
These services will always be in demand and are thus here to stay, pandemic or no pandemic doesn’t matter much.
Companies want accounting services, taxation consulting, market research agencies, advertising firms etc. to streamline their processes, and this is where a combined business having all professional services will thrive.
- Real Estate Services
Many people are working from home currently after the lockdown was imposed. This trend will still reverse, and new online businesses that started recently will need commercial space to set up their warehouse or distribution centre.
People will look for apartments and residential spaces once they start going to the office near their workplace or remote working.
Thus, starting a real estate services business could be a rewarding opportunity going forward. You can choose to provide real estate consultancy, commercial property development ideas, and home migration-related assistance.
- E-Commerce Services
There is no shadow of a doubt that online shopping has increased after the onset of this pandemic. This trend is likely to continue going by what experts say.
Thus, you can start an e-commerce business or switch your offline business to online mode to cut individual costs and get more business from customers worldwide. Offline corporations anyway have limited reach, and when you go online, you can sell to people from any country.
