Do you want to start a new business and benefit from upcoming innovative trends? If so, here are 40 best startup ideas for entrepreneurs in 2020.
The most difficult phenomenon is to predict the future, especially if you are still struggling to discover what is happening in the current economy. But predicting the future is exactly what you should do if you enroll in college, start a new career, or invest in new skills.
Why Start a Business With the Future in Mind?
The attribute of the most successful entrepreneurs is those who do not follow the herd but anticipate the needs of the market before the competition. Of course, such anticipation is not without risk, but the payoff can be considerable.
After all, fundamental inventions, such as the automobile, the Internet, and the smartphone, were regarded with a high degree of skepticism when they were first introduced. Equally important, the impact is not only cultural but also economic.
The automobile gave rise to a global network of small businesses, such as parts manufacturers, dealers, and service centers. The Internet has generated a host of online companies, many of which, like Amazon.com and eBay.com, has grown from small to very large. So what are the future’s tiny companies and where are we going to discover them?
The fields of energy and clean technology seem to be among the most mature areas for growth, as do nanotechnology, entertainment and the growing demands to adapt the planet to accommodate its growing population, even if they now seem a bit exaggerated.
The pace of change in the business world is faster than ever these days, thanks in large part to globalization and digital technology. One way to focus on the fields that will be hot in the future is to stay away from those that are not. Below are some of the best startup ideas that will be fashionable in the foreseeable future;
Best Startup Ideas for Entrepreneurs 2020-2030
1# Data cracking
The era of big data is just beginning, with many companies eager to leverage large new databases to gather more information about their customers, their competitors, and even themselves.
The challenge is not just to calculate numbers; it makes sense to them, and you get useful information that can translate into a business advantage.
Marketing and market research are two growing fields in which data use is exploding. With the right devices and knowledge, you can position yourself for this time bomb business.
2# 3D Printing Shop
The basic idea behind this business is to manufacture items on low-cost printers. At this stage in 2016, there is a lot of advertising, but 3D printers are still extremely expensive. When do you need a new lens cap? Print it! That’s the idea behind it.
That’s the way of the future. Instead of lengthy manufacturing processes and procedures in a factory and shipping the item where needed, 3D printers are expected to produce everything from architectural models to drains and spare parts for spare cameras.
It’s already happening in service offices. It hasn’t happened in a physical store like Kinko’s, but it’s very possible and soon.
3# Computer Engineering
Today, there is a lot of software development abroad, but the need for high-level IT experts capable of linking systems remains strong.
In finance and investment, for example, high-speed computing is increasingly a major competitive advantage. And most large companies will need networks that are faster, smoother and more secure.
4# Asteroid mining
Right now, this idea is a little beyond science fiction. The idea behind this future business is to exploit and explore space. Since resources are being depleted here on Earth, the value of rare metals and minerals may one day be worth the cost of lunar or asteroid mining, especially when considering that deepwater drilling requires billions of dollars in investment.
If you realize that everything we have of value on earth is in almost infinite amounts in space, you realize that great wealth will be created on the space frontier. Many businessmen are not worried about the difficulties inherent to the extraction of an asteroid; they are convinced that it is possible and lucrative.
5# Scientific research
The new technology will continue to produce progress in medicine, manufacturing, transportation and many other areas, resulting in a powerful demand for employees trained in biology, chemistry, math, and engineering some regions have a specific promise: biotechnology and biomedicine, nanotechnology, robotics, and 3D printing, allowing physical products to be manufactured from a digital data archive.
6# Manufacture of body parts
This has to do with the use of degrading polymers and stem cells to design tissues. It’s not about growing a foot or an arm in a lab. It’s about growing skin or tendons or muscles, in other words, unique types of tissue. But the possibilities are immense.
For example, a Connecticut company already has the technology and is working to cure ACL tears without taking a tendon from another part of the body for surgical repair.
The company uses a degrading polymer placed where a rupture occurred and allows blood stem cells to heal. Using a device that looks like a high-tech shoelace, it is braided. It looks like a 5-inch shoelace from your slipper made of very small fibers, like smaller than a human hair.
7# Marriage counseling and therapy
There is now widespread recognition that mental health is as important as physical health, which is likely to increase the demand for professionals in this field.
The Bureau of Labor Statistics expects the need for marriage and family therapists, for example, to grow 41 percent by 2020.
8# Bottled Air Company
The idea is to use this ubiquitous natural resource as a product, but it is still in the space ball stage. If you can bottle and sell water, why not air? In 2009, bottled water was a $10.6 billion business that involved packing 8.1 billion gallons in the U.S. But air can be found a little easier than a cold sip of water.
Still, oxygen bars went through a slightly popular phase in the 1990s, and seven or eight companies still market oxygen bottles for the action sports set.
It improves your blood’s oxygen content and provides you a boost when you are tired or tired. So far there are no plans for pure mountain air in bottles unless you’re talking about pure irony.
9# Car Charging Station
It is common knowledge that electric vehicles are already in the U.S. automotive market. And that hundreds of charging stations have been built, thousands will have to be built to serve growing consumers. The all-electric Nissan Leaf sold out before the car reached U.S. showrooms.
With that kind of demand, the charging stations for those cars to run will also be in great demand. The idea is to ensure that people don’t hesitate to buy electricity because they’re worried about the fuel supply.
The key is that their fuel is a little different. In general, cars take hours to load, so you need stations where cars are parked.
Two out of two people love pets and are more popular than ever, and some of them receive medical care practically suitable for a human being. The BLS expects the need for veterinarians to increase by 36 percent by 2020. Each household owns a pet. But because of the rushed lifestyle, most of them have not found time to care for their adorable pets, making pet care the best business to start in 2014.
According to the American Pet Products Association, this pet care industry grows 5% each year. The pet care industry includes services such as pet care, mobile pet grooming, and assistance to people who wish to raise farm animals such as bees and chickens in their city home, etc.
Read Also: How To Start a Pet Business?
11# DNA Design Signatures
If you don’t know, reading DNA gives clues about the disease. At this point in the history of human existence, DNA reveals some diseases, much more to come if we invest in this area.
But testing DNA for patterns that correlate with disease won’t go away so easily. BioNanomatrix, a Philadelphia-based company that provides technological solutions for DNA reading, is working on a grant to obtain a DNA sequence of less than $100 by 2020.
The long-term possibilities of cheap DNA testing mean a better understanding of aging and endless possibilities for new ways to cure and treat diseases.
The big dream is that you take a person’s DNA as a baby and profile it very comprehensively, which can make it easier to predict the baby’s health status.
12# Greenhouse gas auditors
The idea is about private companies auditing polluters, at this stage, it still depends on policy formulation. Conducting a greenhouse gas audit is infinitely complicated, because much of our daily lives, from heating to transportation to food, involves contributing to climate change. As policy changes to stop impending environmental degradation, the jobs will follow.
There will be more functions related to greenhouse gas management, auditors are a function that many people initially focused on. In these early days of carbon markets, it was the most obviously specified role.
But there’s going to be a whole carbon specialist population. In the end, the goal is to make the information gathered useful. And that depends very much on policy.
13# Holographic theatre
Right now, the idea is beyond 3D. Today’s hologram is an intelligent version of an old illusion called Pepper’s Ghost. In the mid-nineteenth century, the trick was done with a thick glass between the public and the image that could make a figure appear to be floating in the air.
Today’s illusionists use highly reflective polymers, invisible to the audience, to create life-size images. One of the main applications of the technology is to use real-time telepresence holograms for meetings. Numerous people in different cities already can appear on stage on another continent, in real-time. Of course, hologram theaters could also replace 3D.
14# Jet-Pack Dealer
The idea depends on personal flight. It is currently available commercially, but consumers have not accepted it. An airline is already taking orders for the first commercially available jetpack. It’s recreational, so you should go fly to a field somewhere, instead of working.
However, if that price goes down, it’s not hard to imagine that people want to fly to work instead of driving. That is until air traffic resembles today’s highways.
15# Lunar Guide
This is a form of payment for playing moon trips and will be available in the coming years. Accessing space used to be just the province of governments or big aerospace giants. That is no longer the case, with numerous companies sending customers who pay to heaven. That could go one step further, with lunar missions, in the next five or 10 years.
Since Eugene Cernan rose from the moon on December 14, 1972, the moon has been devoid of human contact. The next person who returns may pay the right to do so. Space Adventures has started the business, planning a lunar mission for tourists in the next three or four years.
16# Marijuana Cigarette
This is already on the black market, but this idea is based on the legalization of drugs. The California legalization measure was not passed on November 2, but California and several other states are already in a gray zone of legalization. Besides, advocates of legalization say that the vote itself was a step forward.
It elevated and legitimized the discourse on marijuana legalization like never before. He changed the debate from whether marijuana should be legalized to how. For small producers of marijuana and common rollers, the business is good, and few look forward to the Phillip Morris of marijuana. That doesn’t stop the momentum for legalization.
17# Meat producer
Can you imagine growing meat in the lab? That’s what it’s all about. Although this has already been done, the taste isn’t there yet. Using techniques that arise from stem cell technology, numerous groups of scientists have grown meat in the laboratory. Stem cells are placed on scaffolds and immersed in nutrients to grow.
People for the ethical treatment of animals (PETA) are behind the impulse of laboratory meat. In 2008, the group offered a $1 million award to the first group that can grow commercially viable amounts of chicken meat in a laboratory. New Harvest is a nonprofit organization founded by Jason Matheny in 2004 to do just that.
This is the use of nanotechnology to repair cells. A report commissioned by the British Government earlier this year, “The Way Forward”, criticized the suggestion that nanotechnology would lead to subatomic medical treatments and thus nanomedicine. We are on board with nanotechnology providing advances in medicine, but this was a problem of size.
Bruce Donald, professor of computer science at Duke University, has been creating microrobots that could insert electrons into brain neurons. The world’s smallest and most controllable nanobots, Donald’s nanobots are about 60 microns wide (200 could fit into an M&M). It is not difficult to imagine medical applications for robots.
This idea is about making things smaller than they were half a century ago. As satellites become smaller, the costs of launching them decrease. That’s the main limiting factor. Even smaller nanosatellites and picosatellites can be equipped with all kinds of useful equipment that have commercial applications.
The types of microsatellites and microsatellites that can be built by small businesses and universities will be more robust. We are heading in a direction where small teams and small businesses will be able to do much more in smaller packages.
20# Privacy Protection Firm
The use of smartphones connected to different information networks has exposed our information to those who want to steal it.
There is a rapid increase in the need for data protection and reputation management. From credit card numbers to photos of the latest kegger, there’s more private information online than ever before.
Businesses must protect that information, and people must beware of it. Right now, states are just beginning to pass laws that require companies to have written security plans to prevent data breaches. Beyond data, a craft industry is developing in the field of reputation management.
21# Mechanical Robotics
Right now, the robots are scrubbing the floors, but they can’t wash the dishes. Thousands of robots have been exploited or damaged by improvised explosive devices in Iraq and Afghanistan. So the mechanics of the robot already exist. But we are talking about something as ubiquitous as a computer repair shop.
The world’s robot population is growing rapidly, with an estimated 13 million robots by the end of next year, according to IFR World Robotics. Many are industrial robots, but personal robotics is growing rapidly, with research robots washing dishes and ironing. Soldiers risk their lives trying to save bots on battlefields. It will accelerate massively.
22# Space Hotel
This is a form of space tourism and is directed towards the upper echelon of our world. The key point is that we are now seeing the birth of Google and the apples of space business. Several companies are working in space hotels.
At the forefront is Bigelow Aerospace, which launched two space hotel prototypes and is currently planning a commercial space complex for 2014. Called Sundancer, the hotel is expected to have space for up to six people in the short term. A Russian company called Orbital Technologies is also competing to have the first commercial space station.
23# Stem Cell Pharmacy
Although promising, the political atmosphere on the subject is charged. This concept has to do with cell healing that keeps medicine away from drugs. Stem cells are already being used to model disease and test new drugs, but as technology advances, stem cells can put drugs aside.
Even now, stem cells hold promise for degenerative diseases and cells that grow back after surgery. However, drug-filled pharmacies could be replaced by cell pharmacies that are more natural and work better.
24# Vertical agriculture
Single-storey, high-tech greenhouses save significant amounts of water and increase productivity. So why not stack them and make cities self-sufficient? The idea of vertical farms came from infectious disease ecologist Dickson Despommier, who turned his knowledge of parasites into a way of looking at cities.
“Instead of the city behaving like a parasite, it should be a symbiote. The future city has to learn a great lesson from nature and start behaving like an ecosystem. By that, it means cities without waste.
25# Water trade
Water is becoming scarce. It has been said that water is the oil of the 21st century. But humans don’t need to drink a gallon or two of oil every day. The first signs of coming conflicts over water are already evident around the world and in the United States, where the southwest is always thirsty.
Water problems are an impending tsunami, especially considering the amount of water needed for agriculture. People will make a choice: I could drink this water, or I could let my plants drink this water. Soon this element will be the object of conflicts and wars. If you don’t know, bottled water is already a billion-dollar business.
26# Nursing home care
Due to the aging population in the United States and other developing countries, there is a growing demand for independent living by the elderly. And any company that can meet this need by offering home care products and services to the elderly; to physical therapy, grocery shopping, cooking, etc. will be of great relevance in the coming years.
27# Services for retirees
Everyone even after retirement likes to live a nice life. And by 2020, 80% of North American-born workers are expected to be over 50; a statistic revealed by Entrepreneur magazine. This trend will open up huge opportunities for businesses targeting adults over 50 who are looking to enjoy a wonderful retirement. Such businesses include retirement real estate, retirement recreation services, nutritional counseling to help seniors look better, etc.
28# Mobile Marketing Consulting
Due to the increasing number of people surfing the web using mobile devices such as smartphones and tablets, companies are now realizing the need to adopt mobile marketing as a way to target prospects using mobile devices.
This has led to an increased demand for mobile marketing consultants. Since indicators suggest that mobile devices will continue to dominate for a long time (as will the need for mobile marketing), there is a great opportunity for mobile marketing consultants.
29# Social Networking Consulting
With the dramatic rise in popularity of social networks such as Facebook and Twitter, companies feel it is more necessary than ever to start using these platforms to reach potential customers. This has led to a huge demand for marketing consultants who advise companies on how to promote and market their products and services on social networks, and this demand will continue to increase as long as social networks remain relevant.
30# Outsourcing Agency
Due to the current state of the economy, companies are looking for ways to reduce costs and streamline their operations. One way companies try to do this is by outsourcing to independent contractors what used to be internal functions, such as human resources, accounting, and IT-related tasks. If you can set up an outsourcing agency, you will have great profit potential.
31# Translation Services
Globalization in all areas has created a huge demand for translators. Without requiring a large upfront investment, you can simply start your business as a freelance translator.
All you need is a good knowledge of the languages you are dealing with. However, remember that just knowing the languages will not be enough for effective communication.
32# Employee Monitoring Services
Due to technological development, most jobs can now be done without leaving home. According to the recent study, there will be more than 1.3 billion employees working on a mobile basis by 2015. The question here is how employers will track the work of their employees. This is where the role of employee monitoring services comes in.
Now, this industry makes use of “vehicle tracking clock, mobile time clock applications” to monitor its employees. But even so, when it comes to billing and payroll, employers require a dedicated staff member to manage all of this. Therefore, consider starting a company in this sector that provides effective employee monitoring services and additional human resources functions on a subcontracted basis.
33# Web Design
Today, all small and large companies have begun to establish their online presence through websites. It has developed an enormous web designer demand. Starting a business in web design is more economical. All you need is just a PC with an Internet connection and a little creativity.
So, if you are in the field of technology or have completed your study in computer science, when it comes to choosing among the best companies to start at this time, starting the web design and development company should be your best choice.
34# SEO Firm
This is related to web design, as the demand for good SEO services seems quite high. Every webmaster who owns a website wants to be found by search engines and people to increase their profit margin.
You can even provide SEO services from home. To survive the competition, make sure your learning curve doesn’t end soon. Equip yourself with all the new search engine updates and change your SEO tactics regularly.
35# Smartphone Repair Services
High competition in the smartphone market leads to a dramatic reduction in prices and, in turn, has also increased usage. Now everyone can afford to have at least one smartphone in their hand. Fortunately, there aren’t many smartphone repair services available. As it opens up a vast opportunity, it will certainly serve as the best small business to start now.
36# Accounting Company
To start a small accounting firm, you won’t need a solid economic and financial background. Your investments are just a professional title and, of course, a working knowledge of accounting. Regardless of the nature of the business, everyone requires an accountant.
So, if you’re an accounting expert, consider starting the accounting firm. Provide the best, regardless of the size (small, medium or large scale) of your clients. Because satisfied customers are the best advertisements for your business.
37# Applications for children
Children are your future customers, so winning your loyalty now is not a bad idea. JWT Intelligence also cited children’s connectivity as a big trend for the future from now on. According to Common Sense Media, three-quarters of children have access to a mobile device.
This represents a great business opportunity for anyone who can create products or design applications just for kids. And, if they are also educational or promote good health, they will also win over their parents. You can start slowly by designing some applications for kids and see where your business goes from there.
38# Solar Office
With tax breaks, advances in central solar technologies and a new generation of devices, you will soon be able to feed your entire SME with the sun. State-funded renewable energy programs combine tax breaks and direct subsidies to boost solar deployments. Teams like PowerFilm Inc. are developing custom flexible solar panels that can power anything.
The boss earns a lot for a good reason: his job is not as easy as it seems effective leadership in the future will involve fundamental company understanding plus the capacity to supervise activities and some technical expertise in many locations and nations.
Anyone who can improve the performance of a unit while reducing costs should increase rapidly. BLS and IBISWorld also expect a growing demand for some fields of support, such as human relations, benefits management, and event planning.
40# Test Services
Applications, mobile-enabled websites, and e-commerce have become a must-have for every business. Often, however, they don’t work properly. One reason is that companies do not always test their applications or software with sufficient care, which means that test services are now in great demand.
For example, one company, SOASTA, offers cloud testing services for customers. And there is room in this market for growth: a service that specializes in niche testing, for example, would have an advantage over broader testing services.
41# Luxury Car Rental or Private Hire Car Transfer Services
This is another great startup idea which is growing in European countries especially in Italy, France and Switzerland. If you have a luxury car or own some multiple cars, why not you offer private hire transfer services or airport transfer services with professional chauffeurs.
To get started, you will need to develop your website/smart phone application for online presence or booking purpose. Further, you will need to hire SEO expert for your website SEO.
Once your website ranked, you’ll definitely get good clients for airport transfer or private hire car transfer services. At the same time, you can offer city to city transfers, wedding chauffeur services or chauffeur driven cars for day tours.
More Read: Best Online Startup Ideas in 2020